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Gold for house (lemmy.ca)
submitted 6 months ago by n7gifmdn@lemmy.ca to c/memes@lemmy.ml

wood for sheep?

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I've always assumed you'd melt the gold down and create coins or other tradable sub-amounts of the gold that you could exchange for goods and services. If people are still peopling, they'll still want a currency to transact with; if the dollar has failed then gold has a historical precedent that would probably make it easier to convince people to trade with you using it as a medium of exchange. It always seems like it's more suited to be an emergency measure than a plan A to me.

this post was submitted on 28 Jan 2024
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