Henry Ford paid workers on the Model T production line $5/day, which was one-quarter of an ounce of gold. (Yes, a one-oz gold coin had a $20 face value, by law, for much of this nation's history). Gold WAS used by the middle class, for savings and for expensive purchases, but yes silver was the main instrument of exchange in daily life.
Note: "One-oz" gold coins are actually a bit less than a full ounce because of siegnorage, which pays for the minting of the coins.
Gold is used by kings. It is for international trade and affairs of state.
Silver is for the people.
Came here to say this.
All precious metals are real currencies, not just gold, but in the event of an economic crash, silver is more practical than gold.
Cigarette and bullets are even more practical
And bic lighters. Don't forget bic lighters.
Whiskey and in todays world pot seeds.
Always diversify!
I was gonna say cans of Cope, but either way.....
Coffee too.
Henry Ford paid workers on the Model T production line $5/day, which was one-quarter of an ounce of gold. (Yes, a one-oz gold coin had a $20 face value, by law, for much of this nation's history). Gold WAS used by the middle class, for savings and for expensive purchases, but yes silver was the main instrument of exchange in daily life.
Note: "One-oz" gold coins are actually a bit less than a full ounce because of siegnorage, which pays for the minting of the coins.