Thursday, November 29, 2012

When the Power is Out, Cash is In

The widespread and ongoing power outages caused by Hurricane Sandy not only left millions of people in the dark but reminded many of us of how useful it can be to have some good, old-fashioned cash on hand for an emergency.

Many ATMs in Sandy's path were rendered useless by the storm. Those that remained in operation often had long lines, and some reportedly ran out of cash. Credit and debit cards weren't of much use either, dependent as they are on electronic store terminals.

So, before the next big storm, it may make sense to round up a little extra cash....
And if things get really bad, it wouldn't be imprudent to have a little precious metal and/or guns and ammo...

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