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Will a gold bar buy a case of beer?

Published : April 27th, 2012

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Gold bugs claim gold is better than cash, so Reuters finance blogger Felix Salmon took to the streets of New York City to try to buy something -- anything -- using one gram of gold. (April 27, 2012)

Read the rest of the article at Reuters.co.uk

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tigerstrong

4/5/2013 at 4:04 PM GMT
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it should buy you 20 cases of beer

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Gypsy

4/28/2012 at 3:14 PM GMT
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Bring me that gram of gold and I'll trade you 5 twenty-seven-ounce cans of Columbian Coffee, or a great little portable drill, or a set of 3/8 inch drive sockets with ratchet, or even 8 gallons of gas. Wait 'till you can see the stuff you can get for that gram at the Pawn Shop. You're gonna be amazed !!

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ELS

4/27/2012 at 2:30 PM GMT
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None of the guys he asked to have any authority to accept anything else than a credit card or cash. Wrong experiment

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Dolphin

4/30/2012 at 11:47 AM GMT
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Right on ELS.

If you had walked up to the man loading the beer truck and asked him to take any of the BRICS currency - Brazilian Reals, Russian Roubles, Indian Rupees, Chinese Renminbi, South African Rand - do you think he would have? Do you think he would have even known the exchange rate? At least he was able to guess for gold.

The only person in a position to make a decision to accept the gold was the owner of the hotdog stall and guess what - he took it.

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it should buy you 20 cases of beer Read more

tigerstrong - 4/5/2013 at 4:04 PM GMT