[elcid1970]

In a barter economy a U.S. silver cartwheel would be worth at least $20 over face value, so it’s not unreasonable to keep a few in the safe. Twenty bucks is a normal amount for trade.

What I don’t understand is hoarding gold these days. How do you turn it into something spendable? Now, during the German hyperinflation holders of gold would hop a train to Switzerland and exchange gold for Swiss francs to spend in Germany (which only made the Reichsmark worth even less).

I mean, will merchants keep scales on the counter for customers who show up with a poke of gold dust like Yukon prospectors? Will they accept fox & beaver pelts in trade?

;^)

[Openurmind]

Metals hold their stable value.

http://www.coinflation.com/

[Jim Noble]

”How do you turn it into something spendable?”

You don’t. The minute the merchant knows you’ve got it, you’re a dead man.