Originally Posted by baja
Tell me what value does a dollar bill have except for the value people agree to, well it's the same with one ounce gold coins and in it event of complete financial collapse gold will become the new money.
Say you have a horse to trade and you want solar panels but the guy that has the solar panels doesn't want a horse what do you do? You both agree gold has a value that everyone agrees on so you 'buy' the panels with your gold coin (s).
If the guy needs the gold to make the solar panels then yes, I see your point. However, if that is not the case, then the gold is of no use to either of us. If he does not want my horse, then we barter for something else.
I probably would not have the time nor the energy to hall a bunch of gold around anyway.
The question is, do you need gold to live?