RE: Relationship Between Gold and Debt
Yes, I was remiss by not addressing inflation. In my opinion, I believe that a barter system will emerge in many areas but not all. Regarding cyptos, they will depend on the internet. If the net goes down in areas, cryptos will be of not use in those areas. Fiat will be toilet paper like the bolivar is in Venezuela and I think the governments know this, that is why they are pushing people to go cashless. Metal will not be the panacea or the 'silver bullet' so to speak. Just envision trying to buy a loaf of bread (let's say it costs a dollar) with an ounce of gold (let's say it is worth $1,000) how is the bread guy going to give you change? This is the reason dollars came to be. Bitcoin offers a solution but the problem is bitcoin is intangible as it only exists in a virtual world, it is totally reliant on the net. I appreciate your insight, it gets me thinking, thank you.
Well, here is one solution. Fractional silver, and the one gram gold that can also be broken off. I bought these a while back, also available in bar type. The romans did this quite often to make change..
Yes, the is a good idea for gold they came out with a credit card sized ingot that you could separate into grams. It is called a CombiBar.
Another way is to buy junk silver.