I’ve been considering putting some of my cash into physical gold for SHTF time. My concern is, as the price of gold skyrockets, how are you going to get a few groceries at the local store and then “make change” with a Krugerrand, for instance?
Most likely you can't or if you do, they will give you change in paper money.
For small transactions, there is always silver. A pre-1964 silver dime or quarter should be plenty for that loaf of bread.
You could buy smaller denominations (1/10 0z, 1/4 etc). You could exchange larger for smaller coins, you could exchange it for silver. I have all of the above.
My concern is, as the price of gold skyrockets, how are you going to get a few groceries at the local store and then make change with a Krugerrand, for instance?
Or, they could trust you, and have you pay your grocery bill after it grew to equal an ounce of gold.
Or, there’s the old-fashioned concept of “change.”