shortage of £50 note?

[grand cherokee]

where are they all?

banks/building societies/post office have virtually none

and don't say its because of criminals as the 500euro note is now the currency of criminals

and Scottish £100 notes are rare even in Scotland

Edited by grand cherokee on Monday 20th July 12:57

[grand cherokee]

Zoon said:

Mainly down to most places not accepting them due to the large number of counterfeits.

I understand that the £20 note is the highest counterfeit note?

one might question the logic of the 500Euro note - even the twits in Brussels should have realised it was going to become the criminals choice of currency?

Edited by grand cherokee on Monday 20th July 13:04

[grand cherokee]

turbobloke said:

In safes or under mattresses?

that reminds me of a tale from an 'undertaker' I know - collects bodies where crime is not suspected

went to a house and thousands of cash was under the mattress - unfortunately the deceased died in bed and the notes were ruined due to body fluids!

[grand cherokee]

went into a Nat West branch yesterday - they only had £200 in £50's in the branch?

and they looked at me as if I was 'dodgy' when I asked for said notes

a few friends are antique dealers and they use £50's and Scottish £100's but they keep said notes 'in the trade' - none are willing to 'sell' outside the trade - closed shop

mind you the banks are all pushing for a cashless society - far easier for them

I use cards but some people take it to silly extremes - was in Tesco today and the woman in front paid 64p on a card for ffs!

cards have their uses but in my opinion you need to have a substantial cash reserve in the event of problems

imagine hackers taking down the banking system? - has already been done on a small scale

then look at Greece - your cards are about as much use as a chocolate tea pot - speaking to some in Greece, those with cash have had an absolute field day buying everything for cash - from gold/diamonds/cars to whole business's

a few Brit wheelers and dealers apparently went to Greece (with the 500Euro note) and had a field day, lol!

Edited by grand cherokee on Tuesday 21st July 12:58

[grand cherokee]

illmonkey said:

This is what contactless is for. Quicker than finding change.

I tend to have £20 cash, for the butchers or market stalls. Or a pint after work.

but you are totally reliant on the computer system functioning - it goes 'off' and you are FUBAR

remember all the recent system failures when people could not get their wages etc due to a bank technical 'malfunction'?

I prefer a safety net of cash, plus you get better deals

I trust in cash/gold and Samuel Colt, lol

Edited by grand cherokee on Tuesday 21st July 13:34

[grand cherokee]

illmonkey said:

So you want me to have all my money cash?

I went to a pub, upon arriving told there was a power cut. I had to convince the barman to do me a few pints and I'll pay cash. He didn't want to take it. So even cash isn't always going to get you what you want.

Chances of every online money service going down? I have several banks. If something as crazy as the entire internet banking system goes down, me getting my Ocado delivery probably isn't that high up the list of prioritys.

you get me wrong - I don't want you to do anything

maybe you barman did not want cash as his electronic till was not working?

I just expressed my opinions

but given the increasing sophistication of hacking I'd be reluctant to rely on any online banking system - govt's take the same view

its not 'if' but 'when' said attack happens - and it will happen with increase cyber activity by nations hostile to the UK/USA/Europe

Edited by grand cherokee on Tuesday 21st July 13:42

[grand cherokee]

illmonkey said:

o we all just stuff money under our mattresses?

oh please - be more creative ffs

[grand cherokee]

technodup said:

iven the choice I'd have cash every time.

There can't be many pubs in the UK refusing cash in any circumstances. I'd say you were very unlucky.

as you say - cash every time

plus its untraceable in most times and that is why govt's banks want to stop cash being used

in the cyber age - the old adage - 'follow the money trail works' but not with cash

[grand cherokee]

frankly I find some peoples reliance on a web/net based system very worrying

ISIL and others see a weakness in our reliance on said systems

BUT

they are not stupid - look at many of the graduates going out to join ISIL - they are not bricklayers but people trained in technology

even a temporary hack will have more effect on the West than any car bomb in Syria/'Stan etc