Commodity money is ‘hard money.’ If there was a disaster, and the Federal Reserve dollars we use now have no value, what would you use for money? When economies break down, people tend to move to money that is commodity-backed such as gold, silver, tobacco, tea, corn, jade, rice, and others. Commodity money itself has intrinsic value.

In some situations, an apple or gallon of water would be worth more than a pound of gold.
It is worthwhile to go back to Table 1.1 and write in a few notes. If your State is under financial duress, think of new types of money they can use. If people accept it, then it can be used as a sort of money. If there is a collapse in the paper money, what will you use for money?