RE: On the Twelfth Day of Christmas ...

3 months ago

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There are mining towns in Venezuela, one of them is called El CALLAO, there they only trade with gold, or its equivalent in fiat currency which is the Bolivar, but almost no commerce in that small town accepts Bolivar, all transactions are made with gold.

hive-136819

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@silversaver888 80

3 months ago

El CALLAO

Wow, all transactions are in gold! Is it still being mined?

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@ladytoken 52

3 months ago

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@kerrislravenhill 73

3 months ago

With the way the value of fiat Bolivar was decimated what else can you trust in as tender? As long as if everyone is patient and have accurate scales to measure small amounts of gold that would be enough to maintain a functioning economy.

This is an old 1965 silver 2 Bolivar. Do they transact in silver too?

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