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The idea is that gold would still be tradable for those things. It would be a universally recognized store of value and medium of exchange. If the government-b
by function_seven 7y ago
The idea is that gold would still be tradable for those things. It would be a universally recognized store of value and medium of exchange.
If the government-backed currency fails, the concept of currency still exists. It just has to be intrinsically rare.
Yeah, if you have a pile of 1oz bars, then you’ll need to batch your purchases accordingly. (That’s a lot of toilet paper).