Yet another digresion about precious metals as currency

[Valase]

@mlangsdorf

As long as most people believe the speculative value of gold is nearly zero, the speculative value of gold is nearly zero because no one expects they’ll be able to trade it with anyone else. It’s a bit of a self-fulfilling prophecy.

@Jake_Armitage

Every survivor needs ammo, food and meds right now , while money is essentially just the promise of future goods.

That’s exactly what I’ve tried to say, thank you.
Gold or other currencies only pop up if people are wealthy. I remember reading that some country returned to good to good trade when their money devalued (Uruguay? Paraguay? Colombia? I don’t remember and can’t find the article anymore).