Gold or diamonds are great for loading up a backpack with some of your wealth...but you still have to break it down to use it for everyday purchases.
Here is a thread on 90% silver. We discuss the benefits of newer vs older 90% coins for barter and the problems of using gold for barter
Silver Bags See New Demand
Lets say we do shop in 'barter town' after the SHTF as one member in that threads brings up. If someone came up to you with a 1 oz gold coin to break down into small change 90% silver and gold was $4000 an oz and silver was $100 an oz ...what sort of deal would you do...if any?
Myself?
If SHTF and it was a barter town world...I would not trade even if he traded gold at 1/3 of spot.
Now If I knew some guy that would take the gold in for 50% of spot in trade for 90% silver I may speculate at 25% of spot for the gold...but that is about it.
I would have no use for it in barter town since I could not use it for small purchases. We can see this same concept now with the signs that say no $50 or $100 bills accepted. It will be no different with gold if SHTF.
Gold is good for land or big buys, but I got all I need and many times more with big ticket items. As the saying goes..two is one and one is none. So I have many duplicates of things that count.
Maybe gold will be useful to pay a dentist for a root canal or a doctor to do surgery in his / her office? It can buy a vehicle if you can get the fuel for it. A gun?
What other big ticket item will gold buy if and when SHTF?
More important...How do you plan to break your gold down into small change?
Here is a thread on 90% silver. We discuss the benefits of newer vs older 90% coins for barter and the problems of using gold for barter
Silver Bags See New Demand
Lets say we do shop in 'barter town' after the SHTF as one member in that threads brings up. If someone came up to you with a 1 oz gold coin to break down into small change 90% silver and gold was $4000 an oz and silver was $100 an oz ...what sort of deal would you do...if any?
Myself?
If SHTF and it was a barter town world...I would not trade even if he traded gold at 1/3 of spot.
Now If I knew some guy that would take the gold in for 50% of spot in trade for 90% silver I may speculate at 25% of spot for the gold...but that is about it.
I would have no use for it in barter town since I could not use it for small purchases. We can see this same concept now with the signs that say no $50 or $100 bills accepted. It will be no different with gold if SHTF.
Gold is good for land or big buys, but I got all I need and many times more with big ticket items. As the saying goes..two is one and one is none. So I have many duplicates of things that count.
Maybe gold will be useful to pay a dentist for a root canal or a doctor to do surgery in his / her office? It can buy a vehicle if you can get the fuel for it. A gun?
What other big ticket item will gold buy if and when SHTF?
More important...How do you plan to break your gold down into small change?