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.
Let’s say they take all dollars, and swap for new currency, is it like for like? Or is there a cutoff? Say 200,000 g? FDIC?
Well, gold is if you already have that in the bank. Gold is for after you have a reliable vehicle and fuel, farmland, garden, chicken coup, few years of emergency food, guns and ammo, and medicine.
Same with silver. More then two g in silver oz is too much, in my opinion. Mostly because if it goes crazy labor should be very cheap so silver will be mined.
What I really think will have the greatest appreciation? Pain pills and pinicellin.