GOLD 0.51% $1,391.7 gold futures

In Australia currently, if you really wanted to buy ice cream...

  1. 599 Posts.
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    In Australia currently, if you really wanted to buy ice cream you would take your gold to a dealer and exchange for some paper. Give that paper to somebody that values it's face value in exchange for an ice cream.

    Of course if you traded the same amount of gold that could buy an ice cream 20 years ago you will have some paper left over to buy your friends an ice cream too.

    Over in Venezuela you could go straight up to the shop and pay in gold as a preference as they have realised they've been coned and their paper is worthless
 
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