4 ms·
> * It's very divisible allowing smaller denominations So, you're telling me that I go up to buy something that is worth .25 oz in gold with a 1 oz gold coin,
by fredfoobar 6y ago
> * It's very divisible allowing smaller denominations
So, you're telling me that I go up to buy something that is worth .25 oz in gold with a 1 oz gold coin, I can break it up on the spot and hand it the cashier?
- tenebrisalietum 6y agoYou probably would need some scissors. Supposedly (at least according to Quora) you can mold it with your hands. Of course this requires the gold coin is made of pure gold and not alloyed with another metal.
- maerF0x0 6y agoIt's very divisible because (as i understand it) Gold can be reformed back into larger units after broken down... whereas some things (say diamonds) actually lose value as they're broken down. a 1 carat diamond is worth less than 1/2 of a 2 carat Diamond. i've seen it go down to 1g of gold for ~$90 in today's prices.