[PA Engineer]

I agree. There seems to be a great deal of dystopian fantasy in the anti-bullion crowd. Markets and trade will reform even in the worst case scenario. Barter may be important in the short term, but is impractical for even a minimum of societal recovery.

If someone contracts me to bring back up their power system, I am not going to take Bic Lighters or chickens. They better have gold and silver bullion at a minimum. The Dentist I go to afterwards will also laugh when I offer to pay in Bic Lighters and chickens. You can be assured gold and silver will get that tooth fixed.

I am also certain that Banks will also reopen with either local or regional script backed by gold and silver deposits. Let's hope this time, we are very unyielding on fractionalization of the new currency.

[agere_contra]

Good post!

I suppose we could use debit cards that transfer the ownership of some decimal number of grams of Gold or Silver in our bullion account to our dentist’s account.

The technology is all there - but of course we’d still be relying on the integrity of the daily audit of the private vault(s) where we kept our stuff.