paper money doomed gold will rise, page-13

>So how do you divide a gold bar to buy a loaf of bread...<

How do you fit $200 of wheat into your sock drawer? I can shave off a 1/10th gram from a gold bar with a pocket knife if necessary.

All commodities have uses. Wheat for food. Phosphate for fertilizer. Gold for money. Bartering sounds great in theory, but money always appears in practice.

People wondering "what use is gold?", haven't thought carefully about the need for currency and the problems inherent in using other commodities as currency.

When you start thinking about the properties necessary for trusted currency, gold and silver are nearly perfect. Agricultural commodities as currency would create considerable instability from seasonal variations in supply. This is just one example of the advantage precious metals have over other commodities.