KevinFlynn

If there is one thing screaming Gold, it is the 50 Pesos.
Primordial.
 
 

If there is one thing screaming Gold, it is the 50 Pesos.
Primordial.
 
 

If there is one thing screaming Gold, it is the 50 Pesos.
Primordial.
 
 

Just received this wonderful @StBeesSilver 5oz prototype bar on the secondary market. Perfect addition to the treasure chest!

Finally completed my 2oz silver Queens Beasts set. Nice

Hi All  
I finally have the full Queens Beasts set 😎 
Thanks to the kindness of @woody65 who sold me the last missing one from my set  

Anyone got a 2oz Falcon? Can see the cool milk strike on this one in the photo, and it's triggering me

Nice mid-week delivery 😀

If there is one thing screaming Gold, it is the 50 Pesos.
Primordial.
 
 

If there is one thing screaming Gold, it is the 50 Pesos.
Primordial.
 
 

This, 50 Gold Pesos arrived today. This is one of the nicest examples of the 50 Pesos I've seen. Big thanks to @lst65👍🏻

Today I received my first ever Coins. I now got the bug for coins . I am now  looking for my next purchase. Thanks you @theman73

Yeah I've long been a proponent of the ownership of physical assets because I simply don't trust the systems that are in place. You're very much preaching to the choir with this here but its always good as a reminder for others to read. Like I said in my post I do get a good amount of comfort from holding the gold and silver that I do not to mention land and other property.
That being said the kind of emergencies most of us are likely to have to deal with in our lifetimes are going to be much more everyday. Car breaking down, vet bill, house repair, etc. Stuff like this comes up every now and then and when it does it is necessary to have a good cash buffer to deal with it. If a sudden bill that needs to be paid ASAP pops up and all you have is gold and silver you will take a hit on that because you need to sell it quick to settle the bill. Cash is still needed in this world regardless of what any of us think about its stability.

An unused but available overdraft facility may be useful as a buffer while you liquidate other assets.

Best of both..
20% CASH | 80% PRECIOUS METALS
 

The point of such emergency funds are that in case of a bank run you will have access to tangible assets you can barter or sell off for cash. Having an easy access account is the problem, will you have access if the emergency is a run on the banks where you have now the problem of accessing your easy access account which is no longer easily accessible. You have your cash in the bank and the bank is literally taking the funds to fund themselves to pay off their debts. 
Having gold or silver is but a percentage of an emergency fund you have direct access to, cash makes up another percentage and how its stored should be easily accessible but not in the form of an account. Any account is open to the owners of said account, we are merely temporary depositors with which we don't own anything in the bank which we store our own money as soon as we deposit the money it becomes their money and they give it to us when they decide they want to give it to us. 
 

This is me.

No I would never buy gold or silver for use as an emergency fund. I have two stores for emergency and these are split between cash and an easy access account.
For an emergency scenario I want the peace of mind of knowing what I need is there and not something I'd have to go through the stages of selling to get access to. Chances are also good if you are having to liquidate gold or silver in an emergency the urgency of that scenario means you are almost certainly going to take a hit on the value of those items.
I am very glad to have the gold and silver I do - there is a good amount of comfort in it. But its there for the long term. Cash is still king for emergencies not to mention day to day living.

I am working on 30k in precious metals for 1 year gross annual salaries worth in PM. 
6 months salary minimum cash for emergencies as you don't know how long an emergency can be, my Mrs was out of work for a full year due to covid being between contracts fortunately we had a sort of bailout by the German government but unlike the UK it had to be paid back where the UK paid FT workers 80% of the salary we had nothing for several months and it decimated savings. 
 
 

Not a great place to hide cash, unsavoury people will look for a safe and just carry it away, attached to the wall or not. I have a safe in the house but it's purely decoy I gave coins in it for sure as it's got to sound like it has items of value but it's just coppers the rest are boxes from proof coins. But the coins I hold are in safety deposit boxes that are open to the public that aren't with a bank but a private company. Robbers can take the safe but they get nothing, banks can take the content of the safety deposit boxes they run and hold. It's much harder for private companies to do this and while there is an annual cost, it's reasonable. Sure you can bury it in your garden but you will need to waterproof it as I guarantee you the elements will get to it. 
 

Cash kept in a safe at home. Even if you’re not in to sovereigns, have some full and half as they are easiest to sell quickly. 🤔

I think you need to keep all your options open, there maybe an emergency where cash is not a suitable payment method while if there is a major outage cash will be all you can use.
A lot depends on your situation, I am retired with no rent or mortgage to pay so I personally keep a couple of thousand under the mattress and a chunk in Premium Bonds.
I was recently diagnosed with Parkinsons and while I don't class this as an emergency it prompted me to sell a large portion of my gold while I am still able to be in control of the process. It has taught me that we don't always end up in the situation we imagine.
Don't worry @Roy I still have my collection of half sovs!

I think you can consider the money in a savings account as 'cash'
I think most of the people commenting are not talking about physical cash just accessible fiat currency which would include a savings account as per your last line.  I think what you have put here would work absolutely fine.  I worry less about having cash I can access immediately and prefer to tie mine up to improve the rate I can get on it, usually in fixed term ISA's or even my pension scheme.  I have a £12k credit card limit and would happily abuse that while giving the 90 day notice required on my current ISA.  I keep a few hundred in physical cash in the safe but that gets spent at coin fairs and I slowly build it back up again.  Its not really an emergency fund though just a way to buy a few sneaky coins without the Mrs seeing the withdrawal on the account - shhhhhhhh

No.
Emergency funds - In the bank (ideally earning some interest at least) 
Long term savings - I'm happy to hold some of that in gold.

Thanks for the input. I take from your answers that I need to think of different type of emergencies.
So far I was thinking about an illness, job loss type of situation where I wouldn't earn enough or no funds to cover my expenses. I'll now add the emergency that needs a whole lot of money NOW (and what kind of scenarios that could be).
On liquidity, I'm pretty sure I'd always be able to turn gold into cash within one work day. Having cash in hand and electronic cash available, I would hope to be able to take that time. Given that I wouldn't keep that sum in cash at home, same as not keeping a larger amount of gold at home, I would need the chance to reach my safety deposit box anyway.
Of course, the most liquid would be transferable funds in a savings account - it would just feel so 'uncharacterstic' to have that large a sum sitting around as currency 😏