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There’s been a serious trend among preppers for the past few years to stock up on gold and silver. And while there are certainly advantages to having a gold bar or two in your possession, far too many people are neglecting to acknowledge the importance of having some good old-fashioned cash on hand.
Granted, in a true SHTF scenario, even cash will soon begin to lose its value as people will eventually revert back to bartering and trading of services. But what about scenarios that don’t involve a complete and extreme collapse? When it comes to dealing with natural disasters or other scenarios that might take the electronic grid down for anywhere from a few days to a few weeks, there are very real benefits to having cash readily available on hand.
And you don’t have to go very far back to see this theory in action, either. As recently as Hurricane Katrina’s devastation in New Orleans and Hurricane Sandy on the East Coast, thousands (if not millions) of people found themselves armed with nothing but useless plastic cards as the electricity went down, making electronic purchases impossible. That meant that people who didn’t have cash readily available had no way of purchasing basics like food, water, or fuel. There were no reports of local merchants and grocery stores accepting hunks of gold or silver in exchange for bread and cereal.
The moment the power grid goes down–locally or nation-wide–your credit and debit cards become nothing more than a hunk of molded plastic. Which is why you should keep enough cash safely and readily available to handle at least a few days in a hotel, groceries, gas, and any other necessities. Even in the event of a total financial collapse, it will take the public a while to accept that currency has become devalued, and people will be desperate to sell things for cash.
So what can you do to build up a cash stockpile to match your canned goods and first aid supplies? For starters, remember that it will take time. You should never neglect to pay your bills to stash the cash. What you can do, however, is take a closer look at your monthly expenditures and decide where you can carve out some wiggle room.
For example, switching from a full cable package to one with fewer channels, ditching the expensive cell phone plan for a more streamlined one, or even making the simple swap between eating out and brown bagging your lunch are all easy ways to carve out as much as a few hundred dollars a month. Tuck that money away, and make sure you don’t touch it unless it’s a dire emergency.
Additionally, you can take the budget you normally allocate towards prepping and redirect it for a few months. In other words, take a break from building up your stockpile for a couple of months and save the money that would normally go towards supplies in your untouchable emergency cash stash, instead. It will take some time, but by cycling the two stockpiles this way, you can build both up together.
By My Family Survival Plan Contributor
I Can't Help Showing This Off:
If you haven't heard of Claude Davis yet do yourself a huge favor and watch this video.
One of the smartest guys I ever had the pleasure of meeting, Claude set-up a unique prepping system that changed his life forever.
I already tried it myself and let me tell... you I was completely blown away... His surprising tactics could make your life easier and give you the peace of mind you deserve.
Don't just take my word for it... watch his short video and decide for yourself.
Most People Don't Have The Guts To Try This:
An amazing discovery in an abandoned house in Austin, Texas: A lost book of amazing survival knowledge, believed to have been long vanished to history, has been found in a dusty drawer in the house which belonged to a guy named Claude Davis.
Remember... back in those days, there was no electricity... no refrigerators... no law enforcement... and certainly no grocery store or supermarkets... Some of these exceptional skills are hundreds of years of old and they were learned the hard way by the early pioneers.
We've lost to history so much survival knowledge that we've become clueless compared to what our great grandfathers did or built on a daily basis to sustain their families.
Neighbors said that for the last couple of years Claude has tried to unearth and learn the forgotten ways of our great-grandparents and claimed to have found a secret of gargantuan proportions. A secret that he is about to reveal together with 3 old teachings that will change everything you think you know about preparedness:
More Off-Grid And Survival Resources:
What REALLY Happens When You Bury a Shipping Container? (Hint: It's A Bit Crazy...)
Shipping containers are all the rage - but if you are thinking about buying one, you MUST watch this video first:
There's a general belief that if you bury a shipping container you can create an awesome root cellar / storm shelter / survival bunker.
But is a shipping container strong enough to handle the pressure?
Watch the video to see what happens: