I guess it’s hope that they’ll be other governments that will want it?
Comment on Gold hits $3,500 for first time as US dollar sinks to three-year low
surewhynotlem@lemmy.world 3 days agoWho is going to want gold?
Currency is useful. If the government is gone, the dollar is gone.
Shiny metal is a very common currency. It isn’t consumed for anything useful and it’s scarce.
njm1314@lemmy.world 3 days ago
Dagwood222@lemm.ee 3 days ago
People aren’t dependent on a particular currency.
Back in colonial America, one deer skin was the basic unit of trade. That’s why people still call a US dollar a ‘buck.’ Shells, salt, and other commodoties have been used.