Letter Re: Advice on Ammunition and Precious Metals for Barter?
Jim: Some thoughts with regards to the following [from JWR]: “If and when you want to buy (via barter) a gallon of kerosene, a box of ammunition, or a can of beans, then gold is inappropriate. How would someone make “change” for a transaction that is priced at 1/100th of the value of a one ounce American Eagle or one ounce Krugerrand gold coin? With a cold chisel?” While I feel that the advice given, namely to use pre-1965 silver dimes, is sound, I want to comment on the above, since it is grossly misleading. For starters, everyone seems fixated …