> Homeland Security To Confiscate Bank Safe Deposit Box Contents
25 January 2006, 05:06
Some people have remarked that when the value of gold reaches $1000 an ounce or more (a good probabilty) then it would be difficult to use these gold coins for purchase of everyday goods worth considerable less than the coin. What form will the "change" be in? There is an easy answer to this. Many Gold coins come in denominations as little as 1/10 ounce or less. This would be a $100 for the 1/10 ounce coin. It is possible also to use silver for the smaller purchases in the event of a monetary (i.e. cash) collapse. Of course barter is another option.There is no question that gold, silver and platinum and perhaps some other very rare items would be the best form of medium of exchange (money) before direct barter. Under these circumstances the cash can be burned to heat up your morning coffee! (this was actually done in the German hyperinflationary period)
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Ace
Some people have remarked that when the value of gold reaches $1000 an ounce or more (a good probabilty) then it would be difficult to use these gold coins for purchase of everyday goods worth considerable less than the coin. What form will the "change" be in? There is an easy answer to this. Many Gold coins come in denominations as little as 1/10 ounce or less. This would be a $100 for the 1/10 ounce coin. It is possible also to use silver for the smaller purchases in the event of a monetary (i.e. cash) collapse. Of course barter is another option.There is no question that gold, silver and platinum and perhaps some other very rare items would be the best form of medium of exchange (money) before direct barter. Under these circumstances the cash can be burned to heat up your morning coffee! (this was actually done in the German hyperinflationary period)
.
Ace