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S Illinois | If we do lose the currency, precious metals would not be what I would want use as a medium of exchange. The necessities, or even just consumables would be good. A bar of gold is only as good as what other people will trade for it. I guess I question the convenience of gold upon fiat currency failure. Upon currency failure, will business go on as normal or will we be closer to anarchy? If we are closer to anarchy will that couple oz of gold still be worth say a cow? I know that I would not make that trade. But i guess that is my point on gold. It is only as good as what people are willing to pay for it. For gold to be a good store of wealth, their must be societal structure and stability. This is the same structure that's causing our current problem.
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Germany also continues to take back gold.
