Time and time again, I hear preppers advising people to stock up on gold and silver, but not many of them seem to understand the importance of cash. I know it’s almost Taboo to say anything bad about gold, but in my opinion, during a complete meltdown scenario gold is going to be the last thing most people are worried about. Yes, I do realize the same can be said about paper currency. During an extreme collapse situation your cash is going to quickly become useless, but that’s not really what we’re talking about here.
What about during every other disaster scenario? Do you really think the local grocery store is going to take your gold or silver as payment for your goods? I doubt it; a lot of these people have a hard time counting back the change they owe you, so I’m pretty sure you’re going to get some weird looks when you try handing over a chunk of silver.
Natural Disasters: They’re not going to take your gold as Payment
All joking aside, I think we need to look at what happens during most natural disasters. One look at an event like Hurricane Sandy or Katrina, will immediately show you the importance of always having cash on hand. During both of these disasters, millions of people found themselves unable to pay for things like food, water, and even gas for their vehicles.
The minute the power grid went down, their credit and debit cards became completely useless. As our culture increasingly speeds towards a digital cashless society, people often forget how easily those digital items can be rendered useless. I recommend always having enough cash on hand to be able to make it safely through one of these types of disasters. From paying for gas during an evacuation, to paying for hotels, extra food, or last minute supplies, cash will be one of the most important survival items that you can carry... More>
Posted by: Off Grid Survival
