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
In my opinion the reason to stack Gold and Silver is for wealth preservation not as a form of exchange while in the crash. Once a new currency has been established then you convert the Gold and Silver into the new currency. If you just have old dollars, even as cash, it will become worthless just as Weimar Republic marks became wallpaper.
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
In my opinion the reason to stack Gold and Silver is for wealth preservation not as a form of exchange while in the crash. Once a new currency has been established then you convert the Gold and Silver into the new currency. If you just have old dollars, even as cash, it will become worthless just as Weimar Republic marks became wallpaper.