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Speaker wire gauge

I have an old empty Peavey 2-15 cabinet. Just bought new 15 inch speakers that i want to install. There is existing wire in the cabinet, but it's old. Not sure how old. If a want to replace it, what is the appropriate speaker wire to buy? Is there an appropriate gauge I should be using?
 
Inside the cabinet 18 guage is enough, 16 would be ok too. There's really no point in going heavier until you get into long cable runs. Using heavier wire inside the cabinet can actually be worse, stressing things like speaker terminals, jack connections, etc.
 
Inside the cabinet 18 guage is enough, 16 would be ok too. There's really no point in going heavier until you get into long cable runs. Using heavier wire inside the cabinet can actually be worse, stressing things like speaker terminals, jack connections, etc.

+1, feel free to use a run of 2 conductor electrical cord from your local hardware store, cheap and easy to work with.