Just don't know why people think gold is bad to have, when mankind has been using it as a currency and sign of wealth for thousands of years. And, no you're not going to cut off 1/2000 of an ingot or coin to buy a loaf of bread (can't even find bread for that amount now. . .
That's still not an answer to the inquiry
I don't care if someone has 2 dumpsters worth
of gold bought and stashed away. That's nobody's
else's business or concern.
I've been asking the same question for a while since
a friend became very ill a decade + - ago and his
wife had been having an affair unbeknown to him,
and decided to pick up and go away, and took most
of their funds with her along with a substantial amount
from her job. He actually mostly recovered and on
some advice he got from somewhere I don't know
of put everything he had left into gold and a safe to
keep it in. That was all good until the time to pay
taxes came around. Needless to say, no county
tax office in this region accepts gold for payment
and they'll legally seize whatever they want to settle
their alleged debt as they see fit. He had to sell
a good bit of his gold at a loss to keep his home
and property.
If somebody wants to dabble in buying and selling
gold, that doesn't matter to me.
My question is that for those who buy and stash
gold for the time when the currency used for
trade is no longer worth anything, how will you
pay for goods and services?
And I can assure you that the nation is definitely not
going back to the old frontier days of the general store
and dry goods stores that trade in gems and precious
metals and processed furs.
The last of the trader/peddler days died with my
mother's generation. Pre- WWII their family did trade
eggs and chickens and butter and vegetables to a
traveling peddler for sewing needles and thread
and matches and liniments and medicines and
such, but that'll never happen again while any of
us are still living and the world hasn't ended.
A good many of the population can't even do
simple household chores anymore, or function
without a smartphone in hand. I honestly don't
believe that today's generations could work
and do hard sharecropping labor like they did
Still, an honest sincere inquiry and not poking
any ridicule at anybody.
If you're saving gold for times of collapse when
printed currency is no longer a valid means of
trade, how can you spend it for goods and services
without cheating yourself, or getting robbed of
it and killed?
