Felix Salmon went out onto the streets on Manhattan and tried to spend a gram of gold. Here's what he learned:
- When I tell the Snack Box owner that the gold is real and that "you can tell by how shiny it is", I'm not kidding. Pure gold is really shiny. -The most surprising people turn out to know how much a gram of gold is worth, with an astonishing level of accuracy. - Gold is not a currency. I'm reasonably sure that Andrew, the guy behind the counter at Snack Box, would not have accepted my gram of gold unless his boss was telling him to. - If you do want to spend gold, then try your luck with small businesses, and don't expect a good implied exchange rate. - If you go out and attempt to buy a gold bar, you'll never be able to find one for a mere $53. In fact, my producer wound up paying double that, in Manhattan.
