Banking… how things have changed

[YanmarFever]

When you cash in your gold you go to a coin shop such as ajpm.com

A pawnshop will rip your gold outta your teeth faster than a politician...

 

[riptides]

Warren isn't worried..."We are the reserve currency, I see no option for any other currency to be the reserve currency," This story was posted yesterday btw so pretty timely.

Warren Buffett isn't worried about the dollar's dominance. He predicted it would still be the world's reserve currency in 2065.

The greenback is unlikely to cede its global status for decades to come, if ever — but printing too many dollars may cause big problems, Buffett said.

markets.businessinsider.com

BRICS dropped their agenda plans for discussing their new currency next month.

Seems Mr. Buffets prediction holds true.

 

[D&D]

In my county and surrounding counties we have designated "safe" spots that are monitored by LEO for public to public transactions. Is a great idea. I have even seen some LEO in some of these spots at times. All have video surveillance and all are in highly visible traffic areas.

Oooh, the police have a picture of the robber, that’ll get my money back (sarcasm applied)

 

[Hay Dude]

I just had someone pay me cash for a trailer I sold.
So if I deposit the cash, is my bank going to report me and am I potentially going to be labeled a “criminal”?

 

[NoTrespassing]

I just had someone pay me cash for a trailer I sold.
So if I deposit the cash, is my bank going to report me and am I potentially going to be labeled a “criminal”?

Deposit it $100 at a time daily to make them really really suspicious.

 

[duffer]

I just had someone pay me cash for a trailer I sold.
So if I deposit the cash, is my bank going to report me and am I potentially going to be labeled a “criminal”?

Most people think that anything over $10k gets reported. Truth is, anything over $3k gets reported, you just don't know it. Especially if it's a one time thing, and you don't own a business account with them.

When (if) you deposit the cash, tell them the truth. You sold a trailer. It will be part of the report, and probably will end up in the round file for somebody.

 

[Hay Dude]

Deposit it $100 at a time daily to make them really really suspicious.

Yep, it’ll look like I’m selling coke in $100 daily increments.

 

[riptides]

Most people think that anything over $10k gets reported. Truth is, anything over $3k gets reported, you just don't know it. Especially if it's a one time thing, and you don't own a business account with them.

When (if) you deposit the cash, tell them the truth. You sold a trailer. It will be part of the report, and probably will end up in the round file for somebody.

I think your confusing identity checks on cash type transactions (banks) with regulatory checks to the IRS on bank transactions (Feds).

 

[YanmarFever]

Nice knowing ya Hay Dude, big brother has eyes everywhere. Will they let you log unto TBN from the gray bar hotel?
I can take care of your Ram truck for ya until you get out, and maybe a tractor or two..

 

[tradosaurus]

I just had someone pay me cash for a trailer I sold.
So if I deposit the cash, is my bank going to report me and am I potentially going to be labeled a “criminal”?

Put the cash aside in a safe and pay your bills and groceries with it.
I thought if I ever found a suitcase full of cash (No Country for Old Men style) I would just use it to live off of and for upgrades to my house.