You will certainly be correct if the fall isn't far. There will be a percentage that accepts gold. If we fall and only fall that far they may find themselves ahead. That's a narrow band I wouldn't gamble on.

If we can fall to that level we can certainly fall further. I wouldn't have any interest in holding that bag. I'd always opt for value that has utility... Utility I can leverage.

Gold will never buy food or barter from me because I never want to hold it.

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