Goldmoney is my choice of storing my hard earned savings as it is outside of the banking system. 100% reserved and insured, unlike how banks operate. I was one of their first 50,000 users and now they have more than 1.5 Million users. Goldmoney is the place to be for those that understand how the monetary system operates.
Nice blog, always happy to see advocates of sound money which is what Goldmoney is.
It does sound like a good idea, but I just hate the thought of "spending" my Gold with a "card"... Once I get my hands on Gold, I never want to part with it... In my opinion, the Coin of the Realm will never again, be "backed" by Gold or Silver... Take another look at Common U.S. Coinage... On the other hand, there is a lot to be said about U.S. Crypto-Dollars and Cents...
I'm the same @pocketechange! I don't want to part with it either. People tend to think that fiat money is bulletproof and that's just not true. Always good to have gold with you, stored away, especially if things take a turn for the worst (on either a national or global scale).
It sure goes to say that we are at the verge of moving away from the conventional system of legal tender exchange.
true!
Legal tender gold does exist (meaning no capital gains when you spend it), so I guess a more accurate description would be fiat monopoly money exchange lol