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View Full Version : If we move to a cashless society it will be the biggest mistake central planners ever made.



dave1
01-24-10, 01:21 AM
The absence of cash will encourage the barter system, and as every well educated human being knows the natural evolution of a barter system results in a commodity based currency which eventually will be gold and/or silver! Once people will get used to using gold and silver as mediums of exchange the demand for the precious metals will skyrocket and their price will go through the roof, and that is before people will start to look at them as a store of value. A cashless society will kill the fiat paper system
Gold in a cashless society (http://israelfinancialexpert.blogspot.com/2010/01/if-we-move-to-cashless-society-it-will.html)