I too was wondering about gold as a currency in apocalyptic terms. No I don’t believe the apocalypse is coming, but I’m interested in an academic or sci-fi fiction type of way. How would that work? Say paper money becomes worthless, you have a handful of bullion coins, and you want to go buy some food from someone that happens to have it. Do you melt down your bullion into your own chunks or coins of gold? Is it better to have 1 Oz coins (currently going for around $900 each) or go for the smaller say 1/10th Oz coins (currently going for around $100 each). I don’t think I’d want to buy a bag of rice for 1 Oz of gold, but would it come to that?
How would Piggingtons hedge against the apocalypse with gold? Store a handful of bullion in a safe in your closet in case all your money in the bank is wiped out? How much would be enough to last a couple months?
I will reiterate that I am asking these from an academic standpoint. No I do not believe the apocalypse is coming anytime soon.
