Commodity Trade Mantra

Posts Tagged ‘Cashless Society’

Gold and Silver - Not Just Wealth Preservers, In all Likelihood also Life Preservers

The craziness of the world goes on, nonstop. Gold and silver are more than just a wealth preserver, they are, in all likelihood also life-preserving, for without them, there is no means of defending against the globalists & their drive for a cashless society. What else does one have without gold and silver? Paper holdings? What is the intrinsic value of any paper asset, except as transitory in perceived “value.”

The Escalating War on Cash and What It Means For Precious Metals

While bureaucrats can theoretically win the War on Cash because they have complete control over the issuance of paper money, they cannot win a war on bullion. Physical gold and silver is private and off-the-grid – a nightmare for regulators. The push to eliminate cash will inevitably push people into cash alternatives including physical precious metals.

Marc Faber on Cashless Society Insanity & Why Wall Street Hates Gold

Basically, everybody – the media, the government and the financial sector – detests and hates gold because it’s honest. You cannot print it and double the supply of gold overnight. They want to move into cashless society so they can control you. If they introduce a cashless society, I think it’s going to be very likely that the government will try to take the gold away from you.

Life In A Cashless World: How Cash Became A Policy Tool

The people now intensively working on a mechanism for a cashless society are building it around the concept of blockchain technology. In essence, there would be a single ledger that records each expenditure or revenue event (the block), linking them chronologically with every other subsequent purchase, sale, or revenue event in a recorded chain.

Gold Is A Necessary Insurance Against Dysfunctional Governments

It seems that there is a very clear purpose for governments wanting to create a cashless society and that is, once they have your money in the system, it belongs to them. In order to protect your funds against this shameless act, put some of it into gold and silver. Gold and silver bullion coins and bars are traditional diversification tools.

What A Cashless Society Would Look Like

Those who generate real wealth & employment need support, not penalties on how they choose to go about their business. A cash ban does not address any substantive issues. What is needed is a sensible economic proposal & political courage to implement a Cashless Society, which so far seems to be lacking.

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