4 ms·

what is the point of the gold coins? if we get to the point where people start asking for gold there will be absolutely no fixed exchange rate

• odammit 9y ago
  Just in case US currency becomes worthless :D I also keep the spot price and a copy of global exchange rates from each purchase of my gold so I can back it out to what it’s worth. You know, just in case. You never know until you know.
  • mlevental 9y ago
    i can't fathom the fundamental misunderstanding that leads to thinking like this: >I also keep the spot price and a copy of global exchange rates from each purchase of my gold so I can back it out to what it’s worth. You know, just in case. do you think you'll present your certificates to marauders and they'll just say "i guess you're right 1 oz is the fair market value for this water"? i had a similar argument with someone about gold as a store of value years ago: the value is market determined. no one in the apocalypse is going to care about any price you have a record of because there will be no markets.
    • odammit 9y ago
      More so to keep track of my own gains/losses if I sold it for another currency, not to buy a tricked out armored 4 wheeler from a man dressed like a steam punk named Mr Pain-x. Edit: Fuck I hope google sheets is still up when the time comes. I should probably print them.
    • rtx 9y ago
      Things settle down after marauders. Then you bring out the coins.