So, when society collapses, and some folks have a few small bars of gold stashed away in their basements, how will bartering with that bar of gold be accomplished?
I can imagine a gold coin will have some small nominal value, say $100-$200, but a solid bar of gold will be very hard to break apart. What's a poor boy to do? I certainly don't think it's a wise idea to trade a small bar of gold for a loaf of homemade bread. How will that transaction be completed?
Yea, I know some redneck gold hoarders will step in and roll their eyes at my question because they've already broken their bars down into something, but please tell me what that something is.
Thanks.
Hard assets. And bitcoin.
(cough, cough), pray tell how you will get your bitcoin out of the computer when the electrical grid goes down?
Skynet/ starlink.
It will still be on your computer. How then will you convert it to cash or precious metals? If society twirls down the toilet I don't think too many folks will want a digital chunk of electrons.
Don’t bother. The Bitcoin bros abandoned logic and truth the moment an inherently worthless collection of ones and zeros somehow became worth $60k.