Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench

CASH IS STILL KING: Why Preppers Need to Stop Worrying about Gold and Start Keeping Cash

IMG Auteur
Published : December 04th, 2012
331 words - Reading time : 0 - 1 minutes
( 5 votes, 3.2/5 ) , 1 commentary
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
1
comment
Our Newsletter...
Category : Crisis Watch

 

 

 

 

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


 

 

<< Previous article
Rate : Average :3.2 (5 votes)
>> Next article
All the stuff you don't want to know about, but should. And, when you do know, you realize that for the present you are powerless to change it This article is brought to you by the Charleston Voice E-mail List. To subscribe FREE to the distribution list, send an e-mail to the author with 'SUBSCRIBE' in the subject line.
Latest comment posted for this article
The melt down scenario will build up over time and not happen in a whiffy. If it does, I think gold will score over cash for you would not be sure where you are headed for. I recall the partition between India and Pakistan in 1947. Yes, that was a real m  Read more
Papli - 12/5/2012 at 11:59 PM GMT
Rating :  2  0
Top articles
Latest Comments
Why we should abandon the State
28 Julovertheedge
What a gigantic pile of horse excrement. Cherry pick everything that has gone wrong. Completely discount the hard fact that the author and ...
Iran Agreement Boosts Peace, Def...
26 Julkeith95
How about the US invading Afghanistan in 2001, Iraq in 2003 ... leading to the current unrest in the middle east while supporting the 'Saudi's' ......
Take Possession of IRA Metals We...
24 Julericgolub
Internal Revenue Code 4975 language suggests that whether the gold is held directly by the IRA or by an IRA LLC (which is nonetheless still subject...
Gold Miners Nearing Rebound
24 Julsonora69
Silver has already made a 50 cent down and up round trip as of 3:30. This is happening on a Friday, with the stock markets failing to make an advan...
Why Pensions Are A (Big) Black Swan
25 JulS W.1
No (pensions) are not a black swan, which is totally random unforeseen event.
Iran Agreement Boosts Peace, Def...
23 Julsonora69-2
Doesn't anyone remember the Iran hostage crisis, when Iran held 52 American diplomats and citizens hostage for 444 days in 1979-1981. How about 198...
What Do Greece and Louisiana Hav...
23 Julovertheedge
"The US financial system isn’t any better. ... , Actual currency is just a little over $1.36 trillion. ..." And it is assumed that about h...
Why Are We Here?
23 Julovertheedge1
No "woe is me" here. Just another buying opportunity. Using leverage is not buying, it is borrowing. It ain't bought til it's paid off....
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Mining Company News
Arianne Phosphate(Ur-Mo-Ti)DAN.V
Extends the Term of Warrants
CA$ 0.86-2.27%Trend Power :
Financings
Anaconda Min.(Au)ANX.TO
Reports 12.83 g/t Gold Over 4.38 Metres and 8.55 g/t Gold Over 4.97 Metres from Channel Sampl
CA$ 0.04+0.00%Trend Power :
Corporate news
Capstone Mining(Ag-Au-Cu)CS.TO
Second Quarter 2015 Financial Results
CA$ 0.96+6.67%Trend Power :
Financials
Taseko(Au-Cu-Mo)TKO.TO
and Soda Creek Indian Band Sign Participation and Cooperation Agreement
CA$ 0.65-1.52%Trend Power :
Corporate news
Tinka Resources(Ag)TK.V
commences 10,000 metre drill program at Ayawilca zinc project, announces new IP results & tar
CA$ 0.17+0.00%Trend Power :
Corporate news
Sandstorm Gold(Cu-Mo-Au)SSL.V
Files Early Warning Report
CA$ 3.18+0.95%Trend Power :
Corporate news
Crown PointCWV.V
Provides Operational Update and Announces Executive Change
CA$ 0.14+0.00%Trend Power :
Corporate news
Cardero Res.(Ag-Au-Cu)CDU.TO
Announces Acquisition of the Advanced Zonia Copper Oxide Project in Arizona
CA$ 0.01+0.00%Trend Power :
Corporate news
Vista Gold(Cu-Le-Zn)VGZ.TO
. Announces Receipt of an Additional A$5.9 Million Net Tax Refund Under the Australian Govern
CA$ 0.36+7.46%Trend Power :
Corporate news
First Majestic(Le-Zn-Au)FR.TO
announces friendly acquisition of Silvercrest Mines
CA$ 4.15+0.73%Trend Power :
Corporate news
Comments closed
  All Favorites Best Rated  
The melt down scenario will build up over time and not happen in a whiffy. If it does, I think gold will score over cash for you would not be sure where you are headed for. I recall the partition between India and Pakistan in 1947. Yes, that was a real melt down, when over night we had to run either way to save our lives ; our belongings and possessions at that juncture meant nothing. Whatever gold we could conceal and carry saved the day for us. Gold was concealed on person of physical beings especially women. Golds high worth and low volume came in handy. Women with long hair had it tugged-in there. Those of us who got cornered bartered gold for life and avoided the slaughter. For the luckier ones who managed their way through the holocaust, gold ensured smoother rehabilitation. So please do not under estimate the worth of gold, if you think you are likely to experience a melt down ever in your life time. The Syrians have experienced this phenomenon lately. Neglect history and it will repeat to haunt you again.
Rate :   2  0Rating :   2
EmailPermalink