I understand that if things really get bad our currency may be worthless or very hard to come by. I also understand that gold probably will keep or increase in value. But if push comes to shove how do you manage to get a fair return on your gold, if you have any, I.e. I have a $20.00 face value gold coin, how do I use it to by gas or food? Person A has the gas or food I need, I have a $20.00 gold coin to pay for the goods with how do I determine the value of the gold in the coin, and how do I cut into pieces to pay for A's goods, or did I just get 5 gallons of gas and a loaf of bread for my $20.000 coin?
In the 1930's many German Jews saw the writing on the wall and stocked up on both gold and high vale jewelry, which was to be used for life saving bribes only. To me this is the only way hoarding gold, other than small amounts just to have, makes any sense.
If any of you can explain this to me please feel free to do so.
p.s. Jimmy you are 100% correct.
