If the World Collapses, Will We Pay with Gold and Silver at the Market?

A gloomy mood is developing across global financial markets and stock exchanges. Gold dealers and grocery stores are experiencing the growing panic — fuelled in part by virus-related news — first-hand, and it is now beginning to spread to the general public. We cannot entirely escape this sudden shift in sentiment, so we are describing what we are currently observing.

Both at Goldtresor and at the Conclude physical gold trading operation, turnover has risen significantly. Some clients are looking for a safe haven for their money, while others are already preparing for the possibility that chaos could ensue and that gold or silver might be needed to pay for food.

In a chaotic scenario — power outages, transport shutdowns, closed bank branches, food supply disruptions, and the like — gold and silver could indeed return in some form as "street-level" means of payment. While we hope this will not come to pass, demand from our clients for small-denomination gold wafers and silver coins has clearly increased.

In response, Goldtresor has added the 50×1-gram gold tablet to its range. It can be broken into individual gram units and is approximately 25% cheaper per gram than buying gold one gram at a time. The Valcambi CombiBar has long been popular at Conclude gold trading. Each 1-gram unit is stamped with an inscription and logo.

At current prices, the individual gram units are worth approximately 17,000 forints — enough for a tank of petrol or a grocery shop.

The Valcambi CombiBar is presented in detail in this article.