3 ms·
You really haven't convinced me. Inconvenient to use? Whe dollar will get heavily devaluated you will see the green paper you hold in your hand losing value. Pe
by joering2 14y ago
You really haven't convinced me. Inconvenient to use? Whe dollar will get heavily devaluated you will see the green paper you hold in your hand losing value. People will be trying to get a rid of it. You know what happens when more people wants to sell than buy; make yourself the rest of the story. Meanwhile silver or gold is an "international" currency. IT will hold more or less same value in each country. Using silver coins will be very convinient to use.
- rdl 14y agoHolding green paper is just to handle short term disruptions in electronic systems in supply of green paper, which is. Most likely situation for a 1-2 week non financial crisis, which is the most likely (if least severe) crisis. Stockpiling unproductive assets is just not a viable long term strategy, nor does it work for society if everyone does it. It makes sense to keep a certain amount in reserve, and to slightly increase that during times of uncertainty, but working and buying gold coins and putting them in a safe isn't a useful financial strategy in isolation.