Have you ever tried to sell half a gold coin?
No, you need silver coins for smaller payments.
Right, so I need to hold an industrial metal, and trade in/out of the silver-gold exchange rate in order to save in smaller amounts?
Yes.
...and I have to send it to you by mail, or in person? I can't use the internet to transfer it? It's 2026?
...
...so I ended up cutting my gold coin in half (dealer said they'd pay scrap 15% below spot), but only the outside was gold, and the middle was grey. Why is that?
...aaaaand it's gone.
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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