I was recently talking with a friend about the risks of hyperinflation with the dramatic increase in the money supply and the “stimulus plan”. Our currency may become worthless so what would be the best barter currency? They pointed out that gold has the problem of the smallest coins are not something you could use for relative inexpensive items like a bag of groceries, or a pickup load of wood for your fireplace. And a candy bar? Gold coins just don’t work in a lot of transactions.
Noticing a container of loose change on the kitchen counter I suggested our existing coins may not be devalued as much as the paper currency. The “copper” (mostly zinc now days) has a “melt value” of about
$0.02 (see update below) right now due to the high price of metals. I also suggested ammo and bulk food that stores well like dry peas, lentils, and beans. Maybe, we agreed.
Early this morning I woke up with another answer, toilet paper! I then became discouraged because I realized that too would be devalued because of the over supply of paper currency that could be used for the same thing.
And Barb gets irritated with me because I’m such an optimist.
Update: My source on the “melt value” of a penny was apparently wrong. According to this site the current value is about $0.00297.