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title: '"Some relevant considerations:\n\n - Gold is *real..."',
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text: 'Some relevant considerations:\n\n - Gold is *really* valuable. The current [spot price](http://www.apmex.com/spotprices/gold-price) of gold is around $1200/oz (as of January 2017). This may make small transactions difficult - you'd need the dollar to collapse to the point where people just stopped using it, AND something like a food shortage.\n - I can't find a source for this but I'd bet most Americans don't own material amounts of gold.\n - Silver is a much more convenient metal for small transactions, since its spot price is more like $20/oz\n - Substantial competition from Bitcoin, at least if the internet's still on.\n - Barter, gift economies, and other pre/nonmonetary means of cooperation are also competition.\n - There are a *lot* of places in the US with >1000 people. So, there could be a town full of goldbugs already doing this.\n - Gold could be good for large transactions (like buying passage out of / into the US under very bad circumstances), in ways that don't get picked up by the exact condition being voted on.',
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