When and why you’ll want cash even for a long-term disaster
Let’s look at the timeline for the initial stage of a disaster. First normal life, then the period where the disaster kicks in (the war begins, the nukes fall, inflation begins to go nuts etc), then finally the initial chaos as things begin to disintegrate. Cash would be useful during that middle point, and even a good deal of the final one unless the issue is economic collapse. A few bundles of small bills hiding in a safe or cache could be brought out as the disaster began and used for last minute necessities. Assuming society doesn’t instantly vanish, you might be able to purchase a last run of supplies from the grocery, acquire a few extra boxes of essential construction supplies like screws and nails, pay for additional emergency medications, and the list goes on.
Cash allows you to make those last minute purchases without flashing a few gold or silver pieces and screaming “I am a survivalist and probably have food and supplies stocked up!” to everyone who sees you making the buy. For that matter, until things really went to pot most stores probably wouldn’t give metals value for coins, meaning that your stash of precious metals wouldn’t be useful yet. Cash is always accepted, even when electronic systems are down and things are barely holding together so long as whoever you give it to thinks it will be valuable in the future.
One of the most important uses would be in buying gas, diesel, or kerosene, since those fuels are perpetually used up and have a tendency to spoil (particularly in the case of gasoline). Even if you have to pay $35.00 a gallon, you’ll be able to get a least a little bit of fuel before it becomes impossible to find.
For small scale emergencies, cash is king
Furthermore, a little cash on hand is even more useful in a comparatively small scale emergency. Although events like Hurricane Katrina brought about a good deal of “post-apocalypse” type looting and lawlessness, there was still order and a military and police and so on, as well as a cash economy to pay for goods. Not only that, but in the event that there were crooked cops or troublesome roadblocks preventing your escape, a little cash to grease the palms might just save your skin from a very nasty situation.
What kind of cash to carry
Now whenever “cash” is mentioned here, be sure to note that we’re not talking about a number in your bank account. Keeping some money in a bank is needed, but in an emergency banks will lack power and be unable to call up your account status, or they’ll run out of bills to give you. Keeping actual physical cash in a safe place is critical.
Cash may not always be useful, but it’s not completely useless even in a major disaster. Make sure you have some on hand! – Prepared For That
Do you keep a small stash of cash around for disasters? Why or why not? Let us know in the comments below!
- Expert: “What People Have Got to Know is That They’re On Their Own, Literally…” (thesurvivalplaceblog.com)