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When America goes to a cashless society...
TURBO
Posts: 494 ✭✭✭
Besides gold and silver what coins are you going to be jumping on?? I'm thinking the presidential dollars will be hot.
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TURBO
Posts: 494 ✭✭✭
TURBO
Posts: 494 ✭✭✭
Comments
My Adolph A. Weinman signature
and I'll have silver coins.
geez. could this be possible?
an edition that uses an electronic banking calculator and no cash. It's called the
"Here & Now World Edition!"
<< <i>I'm saving all my expired credit cards awaiting the day they can be encapsulated and graded. I figure a MS68 Platinum card will be worth something someday.
geez. could this be possible? >>
Only if you somehow became famous...
Sad day when that happens.
<< <i>Coins and currency are the main items of National character that we use daily. It unifies the country. It gives us a sense of belonging to a nation. Once you take away coins and currency with the identity of the country on them, you turn over the national identity to the banks.
Sad day when that happens. >>
Not only sad but dangerous. The banks can't oversee themselves much less all of us. Bonuses for all bank execs.
Ron
<< <i>Coins and currency are the main items of National character that we use daily. It unifies the country. It gives us a sense of belonging to a nation. Once you take away coins and currency with the identity of the country on them, you turn over the national identity to the banks.
Sad day when that happens. >>
During the early years of our history, there was strong national unity even though foreign coins were widely used in domestic transactions. Now we have a common currency but little national unity. Today's base-metal coins do little to instill a sense of national pride.
My Adolph A. Weinman signature
<< <i>Would coin collecting become irrelevant, like stamp collecting apparently has?
Um ... coin collecting is irrelevant to the great majority of people in this country. Even the US Mint's fantastical statement of the State Quarter Program creating 10 million coin "collectors" reflects less than 3% of the population. Coins are a means (medium of exchange) to an end (buying stuff) for the vast majority of people in this country. And coins are an inconvenient means at that. Credit/debit cards are a welcome respite from having to carry coins or notes.
Coins ... we love 'em. But we ain't normal. We are all just giddy with excitement over the 25th Anniversary sets, frothing every time it's discussed. Does anybody really think the general public gives a hoot about them? If you do ... then next time you are at Starbucks paying for your pumpkin spice latte with dollar coins, ask one of the masses.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
I didn't say National Pride, I said National Identity.
Prior to 1857, yes there was a majority of foreign coinage and bank-issued currency in circulation. There was little national unity, though. Think, uh...Civil War.
I would blame any perceived national disunity on the political sectionalisim in the media (TV, radio and internet), not the coinage.
<< <i>When America goes to a cashless society... >>
It will never happen...what are you gonna give your nieces and nephews and your grandchildren to spoil them when you see them....??
Liberty: Parent of Science & Industry
<< <i>my prediction is that no one reading this thread will live to see a completely "cashless society" in the Unites States; the majority of small transactions will always be in cash. >>
Especially at 3% per transaction!
The name is LEE!
<< <i>You'll never see it. We can't even retire cents and dollar bills! >>
Agree. It'll never happen in our life time. As long as gold and silver has value, countries will continue to mint gold and silver coins to sell to their citizens for profit and, as long as countries continue to have reckless fiscal policies, people will continue to buy them.
Worry is the interest you pay on a debt you may not owe.
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<< <i>You'll never see it. We can't even retire cents and dollar bills! >>
Agree. It'll never happen in our life time. As long as gold and silver has value, countries will continue to mint gold and silver coins to sell to their citizens for profit and, as long as countries continue to have reckless fiscal policies, people will continue to buy them. >>
Governments could easily stop minting gold coins and confiscate the ones already minted. We did it in 1933.
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<< <i>
<< <i>You'll never see it. We can't even retire cents and dollar bills! >>
Agree. It'll never happen in our life time. As long as gold and silver has value, countries will continue to mint gold and silver coins to sell to their citizens for profit and, as long as countries continue to have reckless fiscal policies, people will continue to buy them. >>
Governments could easily stop minting gold coins and confiscate the ones already minted. We did it in 1933. >>
People are far more sophisticated today and would ignore such a government order. Since I don't own any gold or silver, it wouldn't affect me anyway.
Worry is the interest you pay on a debt you may not owe.
<< <i>
<< <i>You'll never see it. We can't even retire cents and dollar bills! >>
Agree. It'll never happen in our life time. As long as gold and silver has value, countries will continue to mint gold and silver coins to sell to their citizens for profit and, as long as countries continue to have reckless fiscal policies, people will continue to buy them. >>
Not only that, they can turn out worthless planchets of almost any metal, or plastic for that matter, and call it money!!
<< <i>
<< <i>
<< <i>
<< <i>You'll never see it. We can't even retire cents and dollar bills! >>
Agree. It'll never happen in our life time. As long as gold and silver has value, countries will continue to mint gold and silver coins to sell to their citizens for profit and, as long as countries continue to have reckless fiscal policies, people will continue to buy them. >>
Governments could easily stop minting gold coins and confiscate the ones already minted. We did it in 1933. >>
People are far more sophisticated today and would ignore such a government order. Since I don't own any gold or silver, it wouldn't affect me anyway.
I think the fact that people, and their transactions, are far more easily monitored today, would be the compelling factor. Sure, you'll always have an underground economy, but I think most people wouldn't risk jail time over a gold coin, as they might over, say drugs for instance.
of research on NXPI and you'll see what the future is offering.
I don't own nor recommend NXPI and I am not a financial advisor so take a chance if you will, but do
it on your own!
bob
<< <i>I don't think we will see a cashless society, because the governments around the world will find a way to continue printing more money in forms of bailouts.. just look at Greece >>
Most "printed" money isn't printed. For example, the FED buys government bonds and "prints" the money by electronically depositing the money in the treasury, who in turn electronically deposits the money in various places. Doing away with actual printed money will be easy. Even most vending machines over seas take debit cards.
Grading and slabbing credit cards
Experience the World through Numismatics...it's more than you can imagine.
" Did gold really not change? "
<< <i>When America goes to a cashless society... >>
I'm moving to Costa Rica.
.....................................................
that I will not live to see a cashless society. Even with the huge changes I have seen so far in my
life, I just cannot see this one coming about.