Close X Cookies are necessary for the proper functioning of By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
In the same category

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  
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
World PM Newsflow
Mining Company News
Tribune Res.(Ag-Au)TBR.AX
Notice of Annual General Meeting/Proxy Form
AU$ 4.05-1.22%Trend Power :
Corporate news
Black HillsBKH
3:41 am Black Hills Corp raises its FY15 EPS guidance
US$ 43.33-1.23%Trend Power :
Corporate news
Goodrich Petroleum(Ngas-Oil)GDP
Goodrich Petroleum Announces Private Exchange Transactions for Convertible Senior Notes
US$ 0.82+1.23%Trend Power :
Corporate news
Carmanah Tech CorpCMH.TO
Carmanah Releases Preliminary Financial Results for Q3 2015
CA$ 6.01+2.04%Trend Power :
Corporate news
Black HillsBKH
Black Hills Corp. Raises 2015 Earnings Guidance and Announces Analyst Day Presentation Topics
US$ 43.33-1.23%Trend Power :
Corporate news
Impact Silver(Ag-Au-Cu)IPT.V
IMPACT Silver Provides Update on New Capire Mineral Resource Study
CA$ 0.18+16.13%Trend Power :
Corporate news
Bankers Petroleum(Oil)BNK.TO
Edited Transcript of BNK.TO earnings conference call or presentation 7-Oct-15 12:30pm GMT
CA$ 2.44-6.87%Trend Power :
Corporate news
Cheniere Energy(Oil)LNG
LNG Bust Could Last For Years
US$ 53.04-0.47%Trend Power :
Corporate news
Callon PetroleumCPE
4:18 pm Callon Petroleum announces that the borrowing base under its senior secured revolving credit facility was increased by 20% to $300 mln
US$ 8.86-3.90%Trend Power :
Corporate news
Callon PetroleumCPE
Callon Petroleum Company Announces 20% Increase in Borrowing Base
US$ 8.86-3.90%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