You are wrong on many counts...in my opinion of course.
Gold is easily recognizable? You can tell counterfit from real? Counterfitter's don't have a nice design on their bars?
I'm somewhat unsure about gold coins. There are coins that are privately minted. Assuming they are not forgeries/conterfit, who knows what exactly the gold content is or believes what the paperwork says when trying to exchange them in a crisis? I only just searched one site for minted gold coins, somewhat confusing. If I remember correctly, lots of discussion in past times of uncertainty about having Krugerrands. A Krugerrand is now about $1865, I guess a good investment if held many years? Say I had some and in a crisis needed to get stuff -- food, gas, water in exchange for it. If the crisis were really bad, what could I expect -- one Krugerrand for a gallon of milk and two lbs of butter or 10 lbs of sugar or two chickens or something? If the dollar dropped to where the rand was only worth $900 though, that would make an exchange difficult -- I'd have to find a seller who had $900 worth of foodstuffs, etc.
What I want instead of gold, is something people need that is easily transportable (small item), that stores well, that is not too expensive, something recognizable by others as immediately having worth, and so something I can use to barter with. |
