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.
My supervisor stacks junk silver for barter. Pre-1964 dimes, quarters, and halves are 90% silver and 1.40 has 1 Troy ounce no matter the combo.
Premiums are high and these coins are not worth anything to coin collectors, they are worn and dirty. So I have a few 1 oz silver rounds, the cheapest premium silver you can buy most of the time. I tell my Boss that they will give me his junk silver as change. Kek!
Silver is used extensively in solar, electronics, batteries, and health. Anti-microbial and the best conductivity of any metal.
Gold's number 1 use is in jewelry and it sure is shiny! Number 2 use is as a hard asset. A kilo of gold can fit in your pocket (will rub leg sore) and is worth about 60k. A kilo of silver is about 700 bucks. You can easily pick up a million dollars of gold, but would need a pickup truck to haul a million in silver.
SHTFing will be happening, just a matter of when, and having a bit of metal currency when we return to it, might be good.