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
There will be a set amount gold and silver is worth per gram that does not fluctuate. You would change your gold for cash at the bank or receive your change from the gum at the price of conversion minus the cost of the gum.
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
There will be a set amount gold and silver is worth per gram that does not fluctuate. You would change your gold for cash at the bank or receive your change from the gum at the price of conversion minus the cost of the gum.