I dreamed up an alternate medium of exchange in which the monetary theories of the unfortunate Bernard von NotHaus. Unlike his approach, in which you could hold either instruments of intrinsic value (gold and silver discs of known purity and bearing attractive markings that I never thought resembled FedGov base-metal trash, they weren't even the same size) or "warehouse receipts" for same that could be used as a paper medium of exchange,* in my system, the "instrument of intrinsic value" was high-level radioactive waste.
Not coined -- my dreaming self retained that much sense -- but traded on paper, with tokens similar to the Liberty Dollar's "warehouse receipts." The problem was, users didn't trust the system and tended to try to amass the stuff themselves or sneak into the warehouse and rake up their own pile, sometimes in more than one sense of the word "pile."
That one fell apart with users and founders being hauled off for medical treatment. Back in the real world, the somewhat eccentric Mr. von NotHaus has been convicted of counterfeiting and described as a "domestic terrorist." For producing coin-like objects worth more than the Federal tokens they might have supplanted, "coins" of entirely different dimensions.
And meanwhile, the Franklin Mint is producing "FINE GOLD-clad PROOFS," thinly plated base metal U.S. Mint-type coins with some selective polishing, selling them for well over face value and it's hunky-dammit-dory. Hunh?
Everybody in this stupid gavotte knows who Sir Thomas Gresham was and what his Law says about economic behavior and I don't think they don't care. The FedGov -- and The Fed -- have a built-in antipathy to instruments of intrinsic value, despite the original Constitional proscription of satisfying public debt by any other means.
There is a big crash coming, a "readjustment." I don't know how, when or by how much but if any of your plans are counting on a recovery from the current
Care for a bucket of radioactive sand? Or a bucket of the Mint's funny-smelling fake-gold "dollars?" It'll come to just about the same thing, by and by.
* And if you could confuse those with Federal "money," you'd be colorblind, illiterate and/or lack the ability to discern physical proportions of flat objects. I never trusted the paper version completely -- if I have silver or gold rounds, I can know where they are; if some other guy has them, they're only as safe as his safe -- and his inventory skills.