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But where currencies fail (as in Zimbabwe, Venezuela, Iraq, etc), gold never became a backup currency. No-one was trading gold coins for goods and services, and
by joosters 10y ago
But where currencies fail (as in Zimbabwe, Venezuela, Iraq, etc), gold never became a backup currency. No-one was trading gold coins for goods and services, and anyone trying to leave these countries carrying gold was at serious risk. Gold isn't going to help you here, at worst it'll put you in more danger.
- Lev1a 10y agoBluntly said: The gold of the central banks is not for saving the asses of the common folk but for saving the ass of the government and to have at least the tiniest sliver of hope of being able to somehow rebuild an economy after the whole failing state business is over and done with.