Hi Infose,
Thanks for the reply.
I believe that gold, silver and platinum coins from the mint are legal tender with a face value that could be used to transact.
However, no one does that as the face value of a 1oz gold coin is $100 vs the melt value of $3000+.
At the end of the day, we have to come back to reality and use our common sense.
For example, if you go down to the supermarket, you will see that most people consider the digits on their phones to be money.
That is the 'money' of today.
Furthermore, if you ask them why they are not using gold coins, let alone normal coins and notes, they will look at you funny.
Will they change their mind about those digits during a financial crisis?
Probably not.
Would they change their mind during a prolonged communications black out?
Perhaps.
All that matters is that they don't all suddenly have a change of mind and try to cash out their digits into something tangible.
Got to 'keep the faith'.
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