SpartaCuse's Blog

28 Nov 2016

Closer To Cashless Society ?

Paper Money-World | SpartaCuse

Do these events present any concern to anyone else? - I realize this is not a coin collecting blog post so to speak, though I do believe it is a pathway to eliminating currency & coinage at some point in the future - I guess it would make collectibles more collectible - Let me know your thoughts !




Level 6

Interesting blog. Thanks for sharing.


Level 5

Anything is possible. The assimilation to total electronic payments is coming. However, as long as the US Mint makes profit on all coins it creates coins for collectors will always be made. Even if the profit to the US Mint is through contracts to private minting companies.

Interesting theory I'm interested in learning in more. Thanks for sharing this with everyone


Level 7

I don't have a Chrystal ball so I don't have an idea when or how it can happen a thousand different ways and don't forget the other countries!


Level 5

It would probably result in hoarding in coins. My theory, which is probably incorrect, is that coins and currency would virtually disappear as people would hoard coins, believing that they would be rare in the future.


Level 4

maybe this link works better - http://www.zerohedge.com/news/2016-11-25/when-money-dies-indias-demonetization-massive-man-made-disaster

    No tags are attached to this post.
We use cookies to provide users the best experience on our website. If you continue without changing your cookie settings, we'll assume that you agree to receive all cookies on money.org. You may disable cookies at any time using your internet browser configuration. By continuing to use this website, you agree to our privacy policy and terms of use. To learn more about how we use cookies and to review our privacy policy, click here.