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.
If we get to the point of bartering gold and silver then we are in a mad Max era and I'd be concerned more about fortifications and being stocked up on food, water and ammo.
Gold and silver stacking isn't to barter for the future. It's a hedge against the fiat dollar. The reason to stack would be to have it on hand when the dollar collapses and our new monitary system is based once again on the actual value of gold and silver. When that takes place, your gold and silver will be worth way more and you can survive the fall of the dollar.
I like your response. Do you have links so I can do more research? I'm curious, now, if someone has a vault full of gold bars at todays prices, and the world goes tits up and the paper get revalued to a new low, how will the gold in the vault be a hedge against that deflation? Shouldn't the price of gold go down, too? This is whirling around in my mind, thus I ask for a link so I can do research. Thanks.
The idea is that gold will never be worth zero, unlike fiat dollars.