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Ok; now you’ve got some gold coins.
Where do you spend them; post crash?
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Same place that I spend them now, only just for necessities.
How that takes place is another story.

It all depends on The International Monetary System which has failed several times in the past-not the end of the world. The IMF/G20 types get together and decide what they are going to do. When the British Pound sterling went down, the US dollar was waiting in the wings.

So it depends on what the new system looks like. I consider silver, gold, and land to be hedges against inflation.

I consider an investment portfolio to have land, silver/gold, cash, stocks, and food. Yes food - it doesn’t ever seem to get cheaper.

So when there are sales, I stock up on what we eat and I buy as much as I can use by the expiration date. I buy veggies by the case as well as coffee by the case and so forth. It’s cheaper and in case of electrical outages which we have-we have plenty to eat. And in case the New Madrid goes off again, I’ll get through with out FEMA, I hope.

I consider the gold, silver, and land to be inflation hedges, as I said. The cash is a hedge against deflation.

Keep some cash on hand in case of ATM/Bank down time, and to pay essential bills - like the electric bill and your mortgage payment, if you still have one.

Most recently, G20 and IMF were looking at SDRs based on a basket of currencies instead of US dollars for the world reserve currency. This “money” would not be available to citizens - we would still use USD as our currency just as Mexicans use the peso.

And speaking of the peso, the Mexicans have already started monetizing Silver. It is running parallel with the peso and is revalued daily. One of the S. Western states had bills in their state legislature up a while back to do something similar.

Given the vast QE increase of money supply by Bernake and Yellen, once the economy goes full steam, we could return to double digit inflation like we did during the Nixon years.

So maybe I’ll cash in an oz of gold to get dollars to pay the property taxes, or maybe by then they have returned to using gold as currency(not likely JMHO).

Maybe I won’t have to use it at all, and my kids can inherit it to help make them more financially secure.

In other countries, in addition to the regular precious metals dealers, there were kiosk type set ups that people went to close to their stores where they exchanged for currency to buy food or whatever as fast as they could.

A currency collapse doesn’t mean civil war or TEOTWAWKI. Remember that we went off the Gold Standard, abandoned the Bretton Woods system, and Nixon closed the gold window.

Those could all be called collapse of the International Monetary System. Life went on. The sun came up. People bought and sold what they always bought and sold.

It is my belief that the world governments have so much debt, that they will either devalue currencies or follow inflationary policies-in which case hard assets are a hedge.

Check out Selco or Ferfal for more dire situations in Bosnia and Argentina. They both have blogs writing about what happened in their countries and advice on what might help people survive similar situations.