I prefer silver to gold due to the physical size of it making it much more practical to trade with. of course, if we're at the point where we're trading silver, there's no guarantee of markets being at all stable. Still, historical precedent has silver between 5 and 50 dollars an ounce at the extremes, so it seems reasonable that a one ounce coin would be a useful unit of value in day to day life. Gold is similar per gram, which is too small a coin to be useful due to ease of damage or loss. One ounce coins may be useful for the very wealthy however.
Yes, That's the point I was making. Both situations make for a poor daily use currency that might be subject to wear and tear or the target of counterfeiters.
I prefer silver to gold due to the physical size of it making it much more practical to trade with. of course, if we're at the point where we're trading silver, there's no guarantee of markets being at all stable. Still, historical precedent has silver between 5 and 50 dollars an ounce at the extremes, so it seems reasonable that a one ounce coin would be a useful unit of value in day to day life. Gold is similar per gram, which is too small a coin to be useful due to ease of damage or loss. One ounce coins may be useful for the very wealthy however.
You can take a ounce if gold and flatten it into a sheet literally atoms thick and adhere it to a wood disk
An ounce of gold is a fine size for a coin. The problem is it's worth more than a grand.
Gold foil is easily damaged, and plated disks can lead to disputes about how much of the coin is gold.
I still stand by silver.
An ounce of gold can become 50 square feet of foil. A gold plated coin doesn't have to be an ounce
Yes, That's the point I was making. Both situations make for a poor daily use currency that might be subject to wear and tear or the target of counterfeiters.