Quote:
Originally Posted by Nikki_Licks
When things collapse, no one is gonna give a crap about some stupid artists' signature...are you serious?
As for not enough gold? I think you are mistaken.....hence why I said to keep panning. We have plenty of gold out west.....more than you may imagine ;)
If things collapse and everything goes into the shitter, you can bet people will be trading gold, diamonds or anything of value to sustain themselves with any person that has what they need.
I don't think any person is going to abide by any system set up by a government that failed them......  |
You are missing the point entirely.
No one is going to trade for gold (or diamonds) under your scenario for exactly the reason Agent 488 stated.
If someone has chickens, I have corn, Agent 488 has water, Nikki_Licks has ammunition and TheDemon has gold, the first four of us are going to barter but TheDemon is going to have a hard time finding someone to accept his gold until such time that there is enough order that a monetary vehicle becomes efficient.
When this happens, it will be electronic / paper money again EXACTLY because there is not enough gold and it is not efficient to carry around and use as a medium of exchange.
Whether the currency of choice is backed by some commodity or basket of commodities or some other scheme is another topic.
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