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submitted 4 months ago* (last edited 4 months ago) by to c/lemmyshitpost@lemmy.world
 
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[–] 2 points 4 months ago*

IOUs based off of gold are a literally significant part of how many modern fiat currencies started.

What in the hell do you need to spend $50M on, right away?

Not to mention gold being around 1.4x more valuable per weight.

Those weights of either gold or currrency are going to require a vault or armored car and a crew of people with a forklift to either store or hold or move anywhere.

You're gonna be bringing both to a bank.

Suddenly showing up with or trying to spend or sell those volumes of either gold or cash is going to get you a visit from the IRS, Secret Service, and FBI, and maybe CIA.

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