Just to make my personal practice in this area clear, I've never used even a simple surge suppressor. As I've related in the past(much to Jack's amusement), if a lightning strike should destroy my audio equipment, I'd view it as simply being God's way of telling me that it's time to upgrade. I do however take the precaution of bringing home holy water after Mass every Sunday and sprinkling the components. This has apparently worked perfectly and has allowed me to resist the line conditioner rip-off.

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Enjoy the music, not the equipment.