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Economics Gold as Currency, How do you think it would play out?

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kenwei
post May 22 2010, 02:16 PM

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How are you going to cut up the currency? I'm not updated on the price of pure gold now, but the last time I saw it was some RM80 per gram. Can't really go to McDonalds and pull out your gold nugget (which I would probably be worth some 5 figures in ringgit), then take a blade, slice off exactly one eighth of a gram (which is probably pinhead-sized) and then give it to the cashier, who would have to measure it on an ultra-sensitive scale, and then somehow keep it with the rest of the gold...

 

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