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bored reacted to 5huggy in The Queen's Beasts, or why was I on a hiatus?
I think! similarly! @KevinFlynn
I chose to have some of my wealth in PM's quite a while back (Storing that wealth -purchasing power) and came to the conclusion that the traceability is why there is "War on cash"!
We have had 1984 - "they" are just slow at implementing it!
1/ Yes they (the powers that be) - can track the paperwork for the purchase! RM, Bullion dealers, Ebay, et al - - If they should come knocking for confiscation - I DON'T HAVE ANY! - I sold to a guy at the pub - NOW track it!- -= - - - its "OUT" of the "SYSTEM"!
2/ As an insurance against the financial "hiccups" like 2007/8 (Lehmans et al) - the beauty here is - - - if eventually the "INSURANCE" is deemed unnecessary - "You CAN GET YOUR MONEY BACK" - - - Try asking for your car insurance back at the end of the year, when you have not had a bump!
Its the only money back insurance I know of!
3/ I also believe less and less in the digitised world that is happening (Having been in I.T. for over 30 years) I can use it extremely well to my advantage! BUT SO CAN SO MANY OTHERS! - - - - Fraudsters, Government etc etc - - - - JUST TRY! switch off your computer/phone/tablet - and immediately pickup your money in your hand!
IF you do not HOLD it you do not OWN it!
4/ When "They" control or remove cash and it is all digitised , privacy/freedom has gone! - - - - "negative interest rates" can be implemented at the push of a button.
Bank accounts can be locked/frozen (and there will be NOTHING you can do about it!) - - - Just ask Greeks and Cypriots!! - - (I think that was a "trial" of the ability to do it)
In between times I can admire and smile at my "SECURITY" - just try holding share certificates or the digitized equivalent So with Sunday morning rant over -I hope this will stimulate "outside the box" thinking especially younger or newbies to stacking/collecting/investing.