If we have hyperinflation and exchange goods for gold coins, how exactly does that work?
Submitted by ShannonOBrien on Wed, 10/22/2008 - 08:25
I was looking at the prices of gold coins and I noticed that it was hard to find anything below $500 US dollars. In the event that there is hyperinflation, how exactly would we trade gold coins that have that high of value? You couldn't get one loaf of bread, you'd have to get $500 worth of bread. Am I missing all the lower denomination coins?
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Try USAGold
if they've got any left. They sell a gold buyer "starter kit" that includes coins--if memory serves--that are 1/10 of an ounce...I think that is as small as it gets.
Hope that helps!