JimBowie1958
Old Fogey
- Sep 25, 2011
- 63,590
- 16,767
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The EU is quickly moving to eliminate the use of cash transactions in LEGAL markets. But the black market will substitute some commodity for legal cash so that it can continue to store wealth and trade objects for a standard currency. But what might that commodity be?
Gold is a traditional currency as well as silver and a few other metals, and this traditional use gives governments cover to seize these metals from the public on the pretext of preventing hoarding as FDR did decades ago.
Bit Coin is gaining popularity again, but it will only have so many made and when it completes 'mining' the public will have to deal with minor fragments of coins and the inflation for it would seem to go astronomical. Such mental barriers are very real and have impact on trade of said commodity, even if digital.
There are common commodities that never spoil, are always in demand are durable.
Among them are:
Laundry soap
Alcohol such as Rum, Whiskey, vodka
Toilet paper
Food that is canned or vacuum sealed
Bullets
Fuel
If we were in a post cash apocolyptic world, with technology still available as it is today, which ones would you be willing to trade for?
Gold is a traditional currency as well as silver and a few other metals, and this traditional use gives governments cover to seize these metals from the public on the pretext of preventing hoarding as FDR did decades ago.
Bit Coin is gaining popularity again, but it will only have so many made and when it completes 'mining' the public will have to deal with minor fragments of coins and the inflation for it would seem to go astronomical. Such mental barriers are very real and have impact on trade of said commodity, even if digital.
There are common commodities that never spoil, are always in demand are durable.
Among them are:
Laundry soap
Alcohol such as Rum, Whiskey, vodka
Toilet paper
Food that is canned or vacuum sealed
Bullets
Fuel
If we were in a post cash apocolyptic world, with technology still available as it is today, which ones would you be willing to trade for?
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