Will there be somebody here to tell us when it's time to cash out our bank accounts when things get really bad?
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I have some cash in the checking account to pay bills electronically.
"supposedly", great point!
Just keep it to a bare minimum.
if/when this happens will bill-paying really matter? I've been thinking about the same thing and how to have cash around, but if this happens to all major banking institutions won't almost all be in the same boat? If cash/the dollar is worthless...what happens? I understand buying gold/silver because it retains its value, but how do you conduct commerce with it (I don't mean to sound like an idiot)? Will the grocery store accept gold/silver? These are just questions that I've had...
I've had the same question. If you give someone an ounce of gold to purchase something, are they going to give you change back in a lesser quantity of gold? How many different sizes of gold coins are available? And then on top of that, a store is going to have to figure out what their products are worth in gold.