exchanging bitcoin for gold was my first transaction.
I wouldnt say you were alone in that move and I would say there are others
still doing it at opportune times.
Dollar still works really well, but it is becoming diluted and people are losing faith in the dollar system.
Gold and silver are super solid for trade and barter, 1/10th ounce coins can be used to trade for food, supplies, energy or smokes in a time of need.
I think its only a very small percentage of the population who see this. I suppose
the thinking is that FIAT isnt going to disappear so why bother holding Gold
and/or Silver.
What joe soap would be able to verify that the silver or Gold coin they receive
as payment is 100% true without a dedicated scale or something.
this is why I am glad to hold zero Fiat.
I dont hold any FIAT either Mopar. Bitcoin trumps them all. But as a medium
of payment ATM its not as easy to pay for "everything".
Gold can be very easily faked, lead bars plated with a very thin layer of gold. The problem with faking gold is the density of gold is very hard to fake, making the fake plated bars much thicker then actual gold bars. Anyone with an eye accustomed to seeing real gold bars should be able to tell the difference without an expensive sigma machine.
silver is much less faked then gold, as silver is worth less and not worth as the hassle. Also, back in the older times silver items would be stamped with hallmarks designed to allow the holder to designate purity, dating and manufacture of the item.
A currency is only as good as what can be purchased with it, meaning that if essential components or resources can only be purchased with a specific currency that currency will be required for trade. Designating demand.
Both gold and silver should just be considered as designated weights of each respective metal with a designated amount of purity attached.