Of course 'the powers that be' want to significantly reduce the use of cash - there are many £millions lost in tax revenues every year because of the cash economy that they have no way of controlling.
Are you in general support of the financial direction then Broch?Of course 'the powers that be' want to significantly reduce the use of cash - there are many £millions lost in tax revenues every year because of the cash economy that they have no way of controlling.
I think this is the sort of idea I was talking about before, which for me personally (appreciate it may differ to others), the £10 cash isn't actually £10 cash.think cash is a good thing, especially when cash keeps it's value, you want £10 for something and I give you £10, you get £10, do it with a card and you only get £9.80
On keeping its value, a pound was so called because it represented a pound of silver, which is now around £400.I think cash is a good thing, especially when cash keeps it's value, you want £10 for something and I give you £10, you get £10, do it with a card and you only get £9.80 and so on and so on until the original value has gone, I don't like that. But my aim isn't to turn this into a political discussion. I think there's a place for cash and hope it lasts a long time yet.
I like having some on me, just for the convenience and security of it, although I have been places where they refuse cash and only take cards, but there again I've been to the supermarket when their system is playing up and I've had to abandon my trolly of food because they're only taking cash!
It's fair to say that quite a few of us still use it, that's cool. Cash is a EDC
On keeping its value, a pound was so called because it represented a pound of silver, which is now around £400.
And on taxation, I honestly don’t mind putting a bit of cash into someone’s pocket. Not large scale cash work, more like a barter. Many years ago I broke down in an overheating Transit in Swindon on a Sunday afternoon. In those days businesses were definitely shut on a Sunday. I wandered into a pub called The Gluepot and asked around if anyone knew a mechanic. I got sent off to meet some hairy biker who told me to limp the van round to his shop on an industrial estate nearby. He then opened up, got some tools, removed the thermostat, knuckled himself badly, lobbed his spanner in temper, and then took £15 off me as payment. I’d guess he didn’t run that through any books, and nor should he.
Nixon de-coupled the dollar from gold value in 1971, allowing the US to print as much money as it wanted, effectively destabilizing the global economy. I worry about paper assets held digitally and what might happen in the event of cyber attack, bank failure, or stock market crashes.Ahhh - the good old days.
Zimbabwe launches new gold-backed currency - ZiG
The ZiG is the country's latest attempt to stabilise the economy following years of crisis.www.bbc.co.uk
Slightly OTT, but maybe not so much:
When covid hit and a few of my friends became lost to me, one of things I noticed was they started to talk about gold a lot. Buying it in ounces. Buying safes for under the bed. There were queues outside the gold dealers' places. it was a thing.
Of course, because there was a bit of an economic crisis, they (my friends) were buying gold at a higher price than it had ever been. So, gold wasn't much of an investment for them. Also ... again, of course .. when gold prices are at those high level, it is difficult to sell, too. So, the gold dealers won't be buying. And, gold turns out to be not much of an emergency resource then, either.
I still think I am missing a part of the picture. A sense of security might be entirely worth the price, maybe.
But, whichever way, one can't ignore the efficacy of a decent-sized roll of twenties in a rubber band.
Totally agree with you in the 1st paragraph.Cash helps me budget. It's all to easy to be tempted with an unessasary or impulsive purchase with a card.
I carry cash, and pay cash. If they don't want my cash, they don't want my custom. Simples.
I always have a water bottle on me, and some snacks, as being gluten free, it's impossible to just grab a sandwich or pasty if I get peckish, so I don't need to bother about paying for that sort of thing....plus it's cheaper!
I always wonder how people will cope if the machines go down.
No cash, =no petrol, or anything else, whereas if you have cash on you the world keeps turning regardless.
A cashless society is also dependent on infrastructure.I'll caveat from my question and state my general resistance to a cashless society as its a lot easier to subtly undermine through digital manipulation than without a yardstick.
The main advantage of gold is that it is inflation proof. An ounce of gold in Roman times bought you 200 liters of wine and today, yep, you guessed it , it buys you the same. It is tangible and valuable. The reason we are about to witness a finnancial collapse is because the Gold standard was removed. This meant that all the paper money was backed by nothing and gave the bankers carte blanche to print as much as they wanted. It is a very good idea to protect your money and savings by buying Gold and silver. xSlightly OTT, but maybe not so much:
When covid hit and a few of my friends became lost to me, one of things I noticed was they started to talk about gold a lot. Buying it in ounces. Buying safes for under the bed. There were queues outside the gold dealers' places. it was a thing.
Of course, because there was a bit of an economic crisis, they (my friends) were buying gold at a higher price than it had ever been. So, gold wasn't much of an investment for them. Also ... again, of course .. when gold prices are at those high level, it is difficult to sell, too. So, the gold dealers won't be buying. And, gold turns out to be not much of an emergency resource then, either.
I still think I am missing a part of the picture. A sense of security might be entirely worth the price, maybe.
But, whichever way, one can't ignore the efficacy of a decent-sized roll of twenties in a rubber band.
I tend to carry cash and cards. Cash as I go to various legit places that seem to prefer cash and two cards as over the years I've had the odd problem with one, so one Visa and one MC is useful. As I don't go shopping often I carry also carry cash in case the cards don't work. It rare but I've known the various card systems to be down occasionally over the years.
Going off track a bit, I often wonder what to have if things turn very much for the worse. Cards and cash would be useless and has been said what's the point of gold. I tend to think bottles or wine or spirits might be a good currency along with long life food and other essentials.
I sort of do that, I don't barter as such but give stuff away such as plants, logs, honey etc and get given stuff in return.A resilient lifestyle in a community where people do, grow and make stuff. Have some skills to make or do things that others will barter for.