"...those with cash stored safely will be kings."
Elliott Wave Theorist, May 2011
Robert Prechter wrote the above to describe the aftermath of an economic crash.
Today, paying with cash will already earn you the royal treatment among some merchants and professional service providers:
"Restaurants, dentists and other small-business owners are offering discounts to customers who pay in cash, as merchants look to lower the costs associated with credit cards."
SmartMoney Magazine (6/21)
Certain dentists offer five percent discounts on cash payments. The article even mentions a gas station in the South that has cash receptors at the pump.
I saw a cash-discount sign myself a few weeks ago. The sign was on the wall right behind the check-out register in a store. The savings were minor, but saving is saving. When I asked about the cash-discount, the store owner said, "I'd rather pass some savings on to my customers instead of paying the credit card companies."
If businesses are already rewarding customers for using cash, imagine having cash if the economy crashes. You'll be in a great position.
Alas, the opportunities for safely storing cash and equivalents are vanishing:
"As time progresses, opportunities disappear. The safest bank in the U.S. no longer takes out-of-state accounts. The safest annuity program in the world no longer accepts new policies. A major Treasury-bill fund now limits the size of new investments. People who acted when we recommended these opportunities are in an advantageous position. Options are limited for those who waited. Nevertheless, good options remain.
"...cash is safer than debt. The time is fast approaching when the safest holdings...will be cash notes. SafeWealth...introduces interested parties to relatively safe banks as well as institutions with exceptional facilities for storing precious metals and cash notes...We cannot simply list these names of these firms, because they do not solicit public business. Once again, you need to act fast, before this opportunity is restricted."
Elliott Wave Theorist, June 2011
Where can you store actual greenbacks safely?
The SafeWealth Group knows where. They enjoy exclusive relationships with some of the safest financial institutions in the world.