How can I buy bread with a gold bar? Serious opening question as I have a lot of cash to convert. I don't see the benefit in having gold if I expect cash to inflate to worthlessness eventually.
My guess is that you buy gold denominated in much snaller weights. If cash inflates to worthlessness, gold may be the thing to get people moving for you.
Just some speculation, but these often go up with the perception of inflation. The USA is often lagging far behind global inflation, so by the time Americans buy gold, the price might be high.
