I am talking about the $600 level alluded to in sorcery’s post. When we had the last smack down starting in July of 2008 we saw some long delays in getting gold and especially silver depending on what it was you wanted to buy, who the supplier was, and quantity. The US Mint early on in the year originally announced the suspension of silver eagles, which later went to allocation. We saw a similar thing with gold eagles as well. They still are not producing anything less than one ounce at the moment. Hence my question of how much metal can you get if it does. Sorry I didn’t make it clear.
Second, if gold is going high pour digit prices, selling is probably not what you’re doing to with it. Hyperinflation will be the real problem, and assuming that there is some stability then you may be able to use gold as money in those circumstances. If things get really out of hand, then gold will simply be a preservation of wealth earned for some time down the road where their is stability most likely your kids or grand kids. Hyperinflationary depressions are a totally different beast compared to deflationary depressions. French Revolution, Argentina, Soviet Union, etc. At which point, you better have a lot of lead with copper cladding.