If cash money gets to be worthless ... what do you redeem the solid gold for ?
Peas. 'Cause you gotta eat 'em.
food, clothing and shelter..........and ammo.................
“If cash money gets to be worthless ... what do you redeem the solid gold for?”
Charmin notes.
Should I by stock in a scale company?
If cash money gets to be worthless ... what do you redeem the solid gold for ?
I should have gone on with my question ...
Gold has no value in tough times (IMO)
What are you going to use it for ?
I can see the usefulness of it for preserving wealth as long as the “value” of the gold corresponds with a number of dollars (or other denominations) and rises against it’s fall.
But in the real world, after everything has gone to carp, what is it good for and why would a fellow with a can of peas rather have some shiny metal and be willing to trade for it ?
You want to make some smart investments ?
Buy weapons, ammunition, fishing line and tackle, garden seeds, tobacco, ... stuff people can use and will be wanting.
Barter will always be with us but you have to have something to swap that others will be wanting and when times get tough a couple of Canadian Maple Leafs in the pocket just doesn’t bring the same warm fuzzy feeling that a half-dozen 12-gauge double-00’s do. (and I’d keep them 2-3/4”, they fit more than the 3”)
Food comes to mind.
If cash money gets to be worthless ... what do you redeem the solid gold for ?
You can also redeem your gold for goods (paying an accumulated bill, or depositing ofor a merchant credit). You can also buy a Wal-Mart Gift Card (or will be able to should your scenario come true.
You can also pay the cashier with your gold, and get...
...change (in smaller gold coins, silver, or cash!
Ammo.
If you listen to the radio late at night...the conspiracy stations will tell you...your dollars are to be replaced with the beautiful new truly gold debit card.
Craig Franco hopes to cash in on it with his Utah Gold and Silver Depository.
The idea is simple: Store your gold and silver coins in a vault, and Franco issues a debit-like card to make purchases backed by your holdings. He plans to open for business June 1, likely the first of its kind in the U.S.
“Because we’re dealing with something so forward thinking, I expect a wait-and-see attitude,” Franco said. “Once the depository is executed and transactions can occur, then I think people will move into the marketplace.”
The idea was spawned by Republican state Rep. Brad Galvez, who sponsored the bill largely to serve as a protest against Federal Reserve monetary policy.
“If cash money gets to be worthless ... what do you redeem the solid gold for ?”
Light bulbs. ;-)
Oh, I dunno. Food, water, fuel, clothing, you know...that sort of thing.