Macquarie bank going cashless

Silver coins might be a good alternative to cash for small untracked transactions

I’ve noticed the lack of ATMs for a long time too. My local bank is closing next month and retreating back to a bigger town.

Silver and pm’s might be useful but i suspect people will not be bothered to trade with it let alone know its value. I don’t think i could ever buy a tyre with gold, not while the eftpos and credit card systems are up and running. If that was not working due to a hack or malware then maybe a different storey.

If cash goes then you will never really own your money. your whole purchasing life will be available to the system and be exploited as such. I hope the gov don’t ever consider this change.

We have some precious metals for their investment value and a protector of wealth. Not so much that you could call us wealthy mind you. Just a few thousand worth to have socked away as a diversification option more than anything. But one thing that I'm very aware of is that to sell, you MUST have someone willing to buy. We're fortunate enough to be close enough to Perth to go to the Perth Mint to sell should we want to cash out. The government is always going to have a bit more flex to buy than private dealers. Of course that obviously means that you have to be willing to sell at the price that they're buying, which is generally spot. That's why keeping metals as a hedge is only effective if you buy it and hold it for a decent period of time so that when you cash out, you're getting some sort of profit from the trade. You'll never make money as a physical investment if you're trying to day-trade it because you'll have capital gains to pay when you cash out.
But if it comes to needing to cash out those metals because everything's gone haywire, even a small loss of slightly lower than spot is going to be our view because we bought when spot was a significant percentage lower than it is now.

SOME larger dealers probably have more flex to buy than smaller vendors but again, you're going to get a less favourable price in general unless you have a really good relationship with your vendor. We don't buy often enough to have built rapport with any local vendors so we're relying more firmly on the Mint when push comes to shove.

It's obviously far from a foolproof plan but I'd rather have something that I don't hold personal sentimental value in like wedding rings etc. to trade if I needed money or supplies desperately.

Hope you have that silver physically in your possession Stealth, otherwise u don't own it.

We have a bit of crypto, just in case.

The ANZ closed the branch in town about 12 months ago and removed the ATM machine, so we now transferred it all across to the local credit union, stuff em !

The USA dollar is finished, the debt is so high it can never be re-payed and the markets now that. Why it hasn't collapsed by now is a mystery, perhaps the Govt is better at pulling the wool over most peoples eyes than we thought.

Chinese Yuan might be a good investment.

We know that the elites want a one world currency, and the only way to get that to happen is to collapse the independent currency's that exist now and then introduce a guaranteed income, based on blockchain. This would allow traceability and control over everything and everyone. You don't take the latest kill shot, no more income for you until you conform.

Ditto for ownership of private property, one world Govt and they own it all. Think you will be safe at your BOL with shipping containers full of bullets, beans and booze ?

How will the general population react ? Most probably wont notice until its too late to do anything, like the frog being slowly boiled, doesn't realize until its too late that its doomed. Its a slow motion train wreck and under way now, very subtly, but for those awake, noticeable.




Yesterday cannot be recovered, but tomorrow can be lost

My silver coins arrived today. 22 x 1 oz silver. These are not for investment, they are to trade for items if cash is banned and the government is restricting what I can buy with a digital currency. I will be increasing this number gradually and also increasing my other trade items, like razor blades, soap and tooth brushes. I also keep cash as a third option. More fingers in more pies.

Silver should make trade easier than barter because I won’t need to find a seller who has what I want but also wants what I have. I have no intention of selling it to a bullion trader.

I’m not scared of widespread seizures of privately owned property by government. I suspect If that ever happens on a nation wide basis that will be when the government learns the power they think they have is just an illusion. I just can’t see aussie homeowners, even the scaredy cat ones who got jabbed, willingly giving up the home they have spent most of their lives paying off.

I’m interested in what people will do without cash in an otherwise normal world. It is just a tax grab as the cash economy through things like local markets, trades etc is in the billions of dollars. I just don’t like the idea that everything i buy can be traced so easily. Cash reduces the traceability in many things. I don’t do illegal stuff but still don’t want to be monitored for everything i purchase and do and have my money completely controlled.

Like mate, what will Abdul and Mohammad use to buy their black market glocks under the counter at Bankstown kebab shop when cash is banned?

So pretty much when two hundred Master tards in Federal Government ban cash, if the vast majority of the population continue to use it as their preferred Medium of Exchange then it will maintain some value! Forget Gold, Silver, Crypto! If twenty million plus Aussies continue to use cash because it's all they really understand then cash will still be king!

"Deliberately removed from circulation", yes which would mean some type of Gooberment intervention by way of Police Goon Squads etc! But it's still cash and when the time comes it will never, ever be going back into a Financial device such as a bank or ATM!  Free flowing cash in the hands of the population will be good to go!