Which Cables Are of Most Importance?


In a hi-end system, McIntosh, B&W, which cables will give me the most bang for the buck between IC's, speaker, power and HDMI? Which cables are most important and which are least important? Will concentrating my $$ in any one or two cables give me the most bang for the buck?
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I have a Mcintosh/B&w system. In mine the ICs and speaker wire made a huge difference as I had cheap cables from my 90's system. I demoed a set of modest cables installing one at a time and could hear improvements each time which helped justify ordering a complete IC/speaker set. With the power cables I tried a cheap pair, heard a small improvement, so I did replaced all but is only a slight difference in my setup. I know nothing about HDMI but would try a cheaper upgrade and see what happens, if you notice any improvements try an even better one.
I feel that ALL cables are important - they can be as important in enabling your systems full potential, just as much as any component. Having said that, let me qualify that it will depend on how sensitive your equipment is – Mid-Fi gear won't showcase this.

Now, I would have agreed with 'Jaxwired' as of last year but my eyes (and ears) have been since fully opened, and to finally answer your question - always start with a solid foundation - excellent power cords and clean power.
Agree with Jgwilson, good quality and clean AC power is a fundamental requirement for good overall sound. Power cords do make a difference.The point is 'all' cables are important and have a sonic effect.
I recommend "source" cables first (digital cable, IC from CD player / TT) - next is speaker cables. However, you are only as good as your weakest link. My suggestion is to spend more at the source and then do speakers. Preamp to amp is next. There are so many good "budget" cables these days (Blue Jean, Morrow, and others) that you do not have to spend big bucks on cables. To me, these budget cables are so close to the big buck wires that unless you have super good ears, it will not make or break your sound quality / enjoyment. To me, it is more important to match the desired tonality (i.e copper for solid state, silver for tubes etc.....this can mitigate tonality issues like brightness or darkness in tonality). Another route is to buy "used" on this site. Thus you can try cables and not get hurt on the back end if you want to change or move up in quality.