in the event of a global monetary crises that sees a crash of fiat and crypto, how are people supposed to transact with metals? I'm not trying to argue against you, let's just take current valuations into account. Say I have a bunch of silver, most coins seem to be in ounces or half ounces. Do you envision prices of cheap items like bread rising to equal say a half ounce of silver? and as there is apparently more gold than silver buillon in circulation, how are people to spend gold, which is valued even higher? you couldn't go to the supermarket or whatever local market exists at the time with an ounce of gold and be able to buy goods.
I guess I'm just hoping there isn't a situation where only the wealthy can buy basics like food. But a situation where only metals have value seems like it would lead to that. Any thoughts?
RE: The r0ach report 40: On the question of will we have deflation again like 2008 - particularly in silver & gold