Cash is still king.

Discussion in 'General Precious Metals Discussion' started by heartastack, Oct 26, 2021.

  1. heartastack

    heartastack Well-Known Member Silver Stacker

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    Friday night 8 pm in Melbourne (pseudo-freedom day). Hairdresser on Malvern street had closed shop. I waved a $50 note and had the best cut of my life 20 minutes later, in private.
     
  2. alor

    alor Well-Known Member Silver Stacker

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    $50 is cheap, without much waiting time and given you have not had a hair cut for months.
    Last week I asked a stacker in KL how much is the PosLaju cost to SG, he said $50 Ringgits
    I thought he was trying to pull my leg, not so after checking the exchange rates
     
  3. heartastack

    heartastack Well-Known Member Silver Stacker

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    In a sales role haircuts are worth hundreds at least :eek:
     
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  4. alor

    alor Well-Known Member Silver Stacker

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    ask a lady how much was her hair cut?
     
  5. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Unless you're in Venezuela, they like the Bolivar wrapped gold flakes haha.
     
  6. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    https://www.smh.com.au/money/planni...nt-with-one-simple-trick-20230428-p5d421.html


    How many credit cards do you carry? I have two. You know, a spare in case the first one isn’t accepted. Then there are the two debit cards – one for a mortgage offset account – that round out my payment arsenal.

    Though I clear the credit versions in full at the end of every month, my fiscally responsible self conducted an experiment this new year: would I spend less over a three-month period if I moved entirely to cash?
     
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  7. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    cause they’ll open…it’s CASH-ON-HAND! She probably needs it for her drinks that night.
     
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  8. Davros10

    Davros10 Well-Known Member Silver Stacker

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    Reports that $100b was withdrawn in the months leading up to First Republic's looming demise. I wonder how much was taken as cash due to mis-trust of the banks, and then multiplied by how many other banks have had large withdrawals?
     
  9. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Cash is only king if you use it to snort cocaine.
     
    Last edited: Oct 18, 2023
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  10. pmbug

    pmbug Active Member

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    I don't have any personal experience with this, but I have to assume that it is possible to use a Goldback instead of cash for this purpose.
     
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  11. pmbug

    pmbug Active Member

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    Some smart folks (in the USA) figured out a way to layer gold atoms into a flexible sheet to make gold bills that could be used for transacting gold in small denominations easily:

    https://www.goldback.com/


     
  12. Ag bullet

    Ag bullet Well-Known Member

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    I want ounces not atoms.
     
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  13. Ag bullet

    Ag bullet Well-Known Member

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    Then one day the number on it will be the same but there will be less atoms. Ye Olde debasement.
     
  14. leo25

    leo25 Well-Known Member Silver Stacker

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  15. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Let’s not forget cryptos in your digital wallet. Sorry, I’m with Optus.
     
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  16. markcoinoz

    markcoinoz Well-Known Member Silver Stacker

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    I woke up with OPTUS this morning.

    [​IMG]
     
  17. leo25

    leo25 Well-Known Member Silver Stacker

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    Time to get starlink.
     
  18. Darwin

    Darwin Well-Known Member Silver Stacker

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  19. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Complete dependency on digital transactions will be a catastrophe for any country that forces it on it's population. In the event of a war, a large solar flare, a Carrington event or a large scale state-level foreign hack and everything will collapse.
     
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  20. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    It is the same crowd pushing the cashless digital CBDC prison that was behind the Scamdemic COVID-19 and Vax fiasco.

    Think about that next time you decide to use other form of convenient payment instead of cash for your purchases sheeple.
     
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