Quote:
Originally Posted by wig
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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OK. But lets say the person selling or trading has everything you mention, except the items I mentioned, do you think he will be interested in trading? I do.
The people with weapons and ammo will not bother with trading; they will simply shoot you and take what they want.
When I think of collapse, I think of all out total ciaos and each man for him self….. maybe I am understanding collapse differently than you folks ;)
I do understand your point, don't get me wrong, just seeing it from another angle. If in fact anything like this happens, we are all fucked in one way or another and no one can predict the outcome....