cash vrs gold in an economy meltdown?

[bdub]

A USD 1 dollar bill weighs 1 gram. A million dollars in 1$ bills weighs a ton. A person carry easily carry a million dollars of gold. It’s a dense form of purchasing power we’ve used for ages. Doesn’t hurt to always have a little. 10-20% imo.

[Marty S]

I’m gonna be growing potatoes, be sure to stop in!!!

[britman101]

Unfortunately, there will be a market correction. You cannot have a real estate market in Canada with prices that have inflated to unheard of prices. People saw real estate as a way to get rich in this country. To curb inflation and higher prices governments will always raise interest rates as a first step. This is going to hurt those individuals and households who carry a lot of debt. With sky rocketing fuel prices and the looming shadow of a World War on the horizon, things could get nasty here real quick.

[fishtank]

Originally Posted by bdub

A USD 1 dollar bill weighs 1 gram. A million dollars in 1$ bills weighs a ton. A person carry easily carry a million dollars of gold. It’s a dense form of purchasing power we’ve used for ages. Doesn’t hurt to always have a little. 10-20% imo.

That million dollar in gold will have some weight to it, that why they come up with paper/digital gold easier to trade and carried

Another thing it’s lots of idea are just ahead of their time , as technology and society advanced it will be able to adopt those ideas like crypto currency’s and Electric vehicles, and soon more nuclear power plants cause it cheaper then gas and cleaner then coal

[Walleye Willy]

One million dollars in gold today would be about 410 ounces or 25.6 lbs.
I could carry that around.

[COYDOG]

When nothing in the electronic world works, that gold or silver will look pretty good. IMO

[Trochu]

Originally Posted by bdub

A USD 1 dollar bill weighs 1 gram. A million dollars in 1$ bills weighs a ton. A person carry easily carry a million dollars of gold. It’s a dense form of purchasing power we’ve used for ages. Doesn’t hurt to always have a little. 10-20% imo.

You carry your million dollars around in $1 bills, I'll carry mine around in $100s.... So gold being about $63/gram, $100 bill weighing a gram.

[slough shark]

Originally Posted by Walleye Willy

One million dollars in gold today would be about 410 ounces or 25.6 lbs.
I could carry that around.

A million in gold doesn’t take up a lot of space either