Note on Using Gold as Money, as in a Parallel Society

I was buying some household goods recently, which totaled appx $2100, almost the exact value of an ounce of gold. The man I bought the goods from was a good guy, a small businessman. When it got time to pay I thought about paying him an ounce of gold for the goods, as a way to do a little part in helping to build a parallel society. And I thought, “No way.” The bad money has chased out all the good money. The gold was something, it represented something – there is real value in a gold coin. Fiat is garbage, I would rather give him the paper garbage if he was willing to take it. Granted, it is the current garbage de jour but garbage nonetheless. I paid with a credit card and drove on home.

Leave a Comment

Your email address will not be published.