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And for that matter, assumes you will be able to find safe places to trade gold for anything. Unless we go back to a gold-rush style economy where there are sca
by ogre_codes 6y ago
And for that matter, assumes you will be able to find safe places to trade gold for anything. Unless we go back to a gold-rush style economy where there are scales all over the place you can trade gold by the gram, the smallest tradeable gold will be coins which are worth $1600+ each. Try taking that to the local grocery store.
- secondcoming 6y agoHalf Sovereigns are ~$300 https://www.atsbullion.com/gold-half-sovereign-coins/ https://www.atsbullion.com/gold-half-sovereign-coins/
- ed25519FUUU 6y agoAlso many people who "invest" in physical bullion also invest in things like silver. A 1 oz silver eagle is basically a $20 bill. Gold can be traded down to silver if the economy is in that state. There's also 1/10 ounce coins and other things.
- devalgo 6y ago>the smallest tradeable gold will be coins which are worth $1600+ each Not really accurate, you can get rounds down to 1/10 oz which are worth ~$200. In any case the USD value of a gold coin in a collapse situation is obviously irrelevant. If fiat really does collapse barter is obviously going to be the default way to trade goods and gold could easily be used as it was in the past.