Disliked{quote} i dont kno hw one would trade for smaller amounts...and goodies...gold shavings? ps if u kno of a lonely Chinese housewife with Yuan to splash...let me kno will U .......on second thoughts..I may be in for a domestic match....Ignored
China and Chinese ladies are a world unto themselves - i'm wary of Chinese women - the way they get angry is scary!
I've run the scenarios through my head: people recommend buying gold because they fear Systemic and/or Fiat collapse: but when in the past 3000 years did people not use currency on "good faith". When Rome collapsed, people just slowly started using other currencies. OK, so paper money isn't worth anything they say; but in a situation where no-one wants a USD note, they're not going to take a Gold coin either - it may be counterfeit (including the paper "certificate"). It's like: "I tell you what: you can have this bag of beans in exchange for your woman. Deal or no deal?"
It's all about perceived value and Gold is the ultimate "aspirational" asset. It has value amongst the wealthy, but on the street and in a village market, no-one values that which they cannot be certain is 1) real and 2) quickly and easily tradeable.
cryptocurrency everytime