Not really, financial collapse=back to barter system= “fine” metal has limited value. Copper, tin, iron sure but no one needs gold or silver in that scenario. The people who will want it will be limited to those with excess and they’ll know no one else wants it.
If you can’t eat it or use it it isn’t worth anything with the world in that state. There’s wonderful things called notarized (or in this case just witnessed or just trusted) deals regarding situations where someone might want/need something they cannot get with their resources at the time. Things such as land or labor can be used as collateral. Currency requires some sort of centralized organization to say it has worth. Financial collapse means that would take a long time to return.
Currency doesn’t require centralization, just a social agreement. You can trade beaver pelts even if you’re not a trapper or furrier yourself. Or you can all agree to start using something that’s easier to carry, isn’t easy to obtain, and probably still has some intrinsic value… that’s coinage.
Not really, financial collapse=back to barter system= “fine” metal has limited value. Copper, tin, iron sure but no one needs gold or silver in that scenario. The people who will want it will be limited to those with excess and they’ll know no one else wants it.
If you can’t eat it or use it it isn’t worth anything with the world in that state. There’s wonderful things called notarized (or in this case just witnessed or just trusted) deals regarding situations where someone might want/need something they cannot get with their resources at the time. Things such as land or labor can be used as collateral. Currency requires some sort of centralized organization to say it has worth. Financial collapse means that would take a long time to return.
Currency doesn’t require centralization, just a social agreement. You can trade beaver pelts even if you’re not a trapper or furrier yourself. Or you can all agree to start using something that’s easier to carry, isn’t easy to obtain, and probably still has some intrinsic value… that’s coinage.