Cash in the BOB? Yes!
Posted on April 12, 2020 by Jim Cobb
Cash in the BOB? Should you have cash in your bug out bag (BOB) or other emergency kit? I see that question pop up from time to time. Here’s my take on it.
What seems to be a running theme in many forums, is that cash will be worthless in a major collapse, such as an EMP. While that’s probably true, cash has value right up until it doesn’t. If the disaster hasn’t reached national proportions, odds are that those dollars and cents will still be accepted in most places.
Cash
Don’t get me wrong, if there is a financial collapse and the bottom falls out of the dollar, then of course our current currency will be worthless. But again, it still works just fine up until that happens.
Cash can solve an awful lot of problems in an emergency. It can get you a place to stay for the night, food to eat, clothes to wear, and just about anything else you need. Cash is king 99.9% of the time.
How many greenbacks?
How much cash should you have in your BOB or with your evacuation supplies? I’d recommend at least enough to pay for a full tank of gas, a decent motel for a night or two, plus meals for a couple of days, maybe a little extra for a cushion. Stick to small bills, nothing larger than a $20, as many smaller businesses don’t like big bills or may have trouble making change.
Related to this is whether you should keep gold or silver in your BOB. If one has to choose between cash and precious metals, I’d go with cash every time. While there are definitely SOME gas station attendants who would gladly accept gold or silver instead of US currency, I know that ALL of them will accept cash.
The problem with precious metals
Even though you might be utterly confident as to exactly what that gold coin is worth, the 17 year old manning the register at the Mobil station in the middle of nowhere might not have a clue and may be reluctant to accept it in lieu of what he sees as real money. If things are so serious that you’re needing to use gold to pay for gas, do you really want to waste time trying to convince him that it is real?
Let’s put it this way. If you and I pull up to the same gas station at the same time and I have $100 cash and you have a gold coin, want to bet which of us is going to be able to put gas in their vehicle or buy some food?
If you have the means to keep precious metals in addition to cash in your kit, go for it. I’m just saying that if you need to choose between the two, cash is likely to get you further.
Plastic… is it fantastic?
What about credit cards? If there is a major power outage, many places may not be accepting credit cards because their systems will be down. In those cases, they may still accept cash.
However, if you have a card you that can use for as long as those systems are running, that can extend your money supply for a bit. Every purchase you can make with the credit card is one you don’t need to spend your cash on, right?
If you’re thinking that there’s no way you’d ever need to spend money on anything during an evacuation, you lack imagination. There are any number of things that could happen that would cause you to end up deviating substantially from your bug out plan. Better to be prepared than to be caught flat-footed.
https://beansbulletsbandagesandyou....urce=rss&utm_medium=rss&utm_campaign=cash-bob
.
