Coming Soon To A Wal-Mart Near You?: Venezuelans Turn To Gold Nuggets As The Local Currency Implodes
(www.zerohedge.com)
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And do what with them. I never understood this aspect of owing gold. If I’m in a situation where I need a gold bar to buy bread, what the hell am I doing with gold bars? Do I plant them for food later? Put them in my water for sanitation? Use a few to wipe my arse? Gold holds no value if everyone needs bread. Help me understand
Not everyone needs bread. Let’s say somebody has plenty - but why would they sell you some? Your money isn’t worth anything due to inflation. So they ask for something that has value - gold historically has had value in every civilization in the world. So you give them gold for your bread. Look at the historical value of silver in Germany. Look at the Tulip bubble. I hope this helped.