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RE: Important Updates: PLUS The Reality Of Our Current CASHLESS SOCIETY. By Gregory Mannarino

in #money8 years ago

You make a great point about us already being in a cashless society, I hadn't thought of it that way. The great thing about digital currencies, is they provide a cashless digital alternative that has many of the features of gold and silver. It's portable, divisible, durable, fungible, and depending on the coin, scarce. Even though you can't touch it (one of the reasons why it's still important to own physical gold and silver) it does have some additional advantages such as anonymity and security. In the world you describe, where almost all assets are digital, derived from other assets, and fraught with huge counterparty risk, digital currency is a cashless asset that affords us many of the same protections that precious metals do. Although I continue to own stocks, more and more of my portfolio is digital currencies and precious metals.