So if you have rolls of $20 gold coins, how are you going to spend it? Say if you want to purchase a pack of gum, will you hand over a $20 gold coin? What will you get back for change? Sorry, but holding precious metals isn't the best solution unless you purchase large items. Silver? Maybe, but it still is pretty pricy to buy a pack of gum. How about we just keep greenbacks and use that at the medium of exchange. We might not have a government, but the dollar bill is still a good medium of exchange. JMHO
Gold and silver will back the currency unlike we have now where the paper is not backed by anything. You'll use your metal to exchange it for the currency in place as your mode of purchasing.
So if you have rolls of $20 gold coins, how are you going to spend it? Say if you want to purchase a pack of gum, will you hand over a $20 gold coin? What will you get back for change? Sorry, but holding precious metals isn't the best solution unless you purchase large items. Silver? Maybe, but it still is pretty pricy to buy a pack of gum. How about we just keep greenbacks and use that at the medium of exchange. We might not have a government, but the dollar bill is still a good medium of exchange. JMHO
Gold and silver will back the currency unlike we have now where the paper is not backed by anything. You'll use your metal to exchange it for the currency in place as your mode of purchasing.