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The problem with 1 oz rounds is that they are too big to trade with. Even at $1000 an oz. How often do you spend a grand at one time?

1. I spend one grand at a time on rent, or paying off a bill with a major creditor.
2. For smaller purchases, one can prepay with a merchant for future purchases
3. One can run up a tab and pay it off when it reached $1000.
4. (This is a radical one) The merchant can make CHANGE?

Why do you assume that those who have 1 oz. gold coins don’t also have silver for smaller purchases?

39 posted on 03/08/2014 8:52:04 AM PST by Atlas Sneezed ("Income Inequality?" Let's start with Washington DC vs. the rest of the nation!)

1. I spend one grand at a time on rent, or paying off a bill with a major creditor. 2. For smaller purchases, one can prepay with a merchant for future purchases 3. One can run up a tab and pay it off when it reached $1000. 4. (This is a radical one) The merchant can make CHANGE?

Will your merchant give you change in smaller gold or will it be in worthless collapsed dollars?