The Old Pawnbroker's Blog

News for Pawnbrokers and Precious Metals Dealers

Archive for the month “September, 2016”

Cash on the Verge of Extinction?

Electronic payments are wonderful but are the banks going to MAKE us give up cash?

http://www.bbc.com/capital/story/20160922-the-countries-where-cash-is-on-the-verge-of-extinction

 

Sorry, You Can’t Have Your Gold!

Really?

“Don’t they realize that they’re sending a message to clients that they’re not helpful partners? Well, yes they do, but they’re also aware of another factor that’s more important to them. As the economic crisis gets ever-closer, they understand that the day will soon come when a banking emergency is declared and the banks will shut their doors for an as-yet unknown period of time (presumably until a solution is found).”

“Therefore, in the final stretch of this race to the bottom, they want to be holding as much of your money and metals as they can.”

Sorry, You Can’t Have Your Gold!

Post Navigation