Would they ever get rid of Cash???

There will always be cash. There has to be something 'tangible' for the uber rich to have wealth.

Imagine this. For some unforseen reason there is no electricity or means to connect to electronic money anymore.

The rich are now poor.

The rich have no means to prove they have any money.

The rich can't prove they own their home.

The rich can't pay their body guards. Never mind 'body guards'. The rich can't buy food, water, essentials..........

Do you see the problem when 'wealth' only exists in the ether? There is a 'key' to the ether and if that 'key' is 'lost' for any unforseen reason..........that is it!

The REAL problem is for the wealthy and even the uber wealthy. They are completely stuffed if they cannot 'pay' the poor.

The risk is too great for the rich and super rich.

Everyone else already has nothing or very little to lose.

'They' have EVERYTHING to lose.

There will ALWAYS be cash.

Cash is what makes the 'difference' in more ways than one.

The rich would never be so foolish as to fall into that potential disaster............would they?

There will always be ways to barter and get around electronic cards, chips, scanners etc.

originally posted by: Lithicalus
Also, the price of gold should be moving up, they use a lot of it and demand just went up big time. Of course we will never see it.

originally posted by: gpols
It's going to go up even more if they implement that rumored gold ban.

a reply to: Elliot

In answer to the Thread title, 'they' won't get rid of cash until 'they' have all the gold.

If electronic transactions (using whatever 'unit' is devised), are shorted out via EMP or whatever, 'they' will revert to trading with eachother in gold.

'They' are heading toward 'cashless' economics but first, 'they' need to convince 'us' that we do not need cash and only 'criminals' will continue to transact without involving the 'authorities'.

Already, any large cash transaction is treated as suspicious. The excuse used by banks and governments for their prying into the private financial management/affairs of the individual is 'combating' money-laundering and tax evasion. Ordinary people have been sucked into this in a big way, handing authority to the banks to collect their pay and pay their bills for them etc. Because the majority now use these 'services', the minority who do not are treated as suspicious with the implication they must be criminal.

Just one Solar CME and the government can chose who lives or dies.

Unless you have a some 1/10 ounce gold coins hidden you like everyone else will have nothing to use for money.

And the government can pick who lives or dies.

And you know the government is going to just walk away from the high crime cities.

If you live in Chicago good luck.