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.
IT'S NOT FOR BARTERING!!!
If you want some for bartering get the valcambi snap offs.
PM if for when everyone shoots their load after a crash, the markets balance out and the real prices of PM get on parity with reality.
In other words, the manipulated prices of say $1850/oz, might really be $25k/oz when the dust settles.
It's hard to say because the USD is going away... so don't hang on the $25k number... it's only used to make a relatable point.
Stack high and stack often...tick tock ... time's running out.
FYI - several States passed laws making PM legal tender. Local Walmart takes it allegedly (I asked the cashier and she acknowledged they did - didnt ask particulars)