In the past few years we witnessed a growing trend towards societies going cashless. Some would say that since we use credit and debit cards most of the time that we are already living in a cashless society. Well a recent article posted to Wolf Street shows that this cashless trend appears to be reversing. In a recent paper from the Bank of Canada they ask the question “Is a Cashless Society Problematic?” and the answer was yes! The main problem with being cashless is the lack of anonymity and the monopoly created by payment system providers. Then there is the security risks to consider regarding a fully electronic monetary system. The panel reviews these issues and how they relate to precious metals.
Guildhall introduces another proponent of the precious metals sector who sees the coming bull market in metals about to stampede. Michael Oliver who worked directly with the chairman of the Comex in the 1970’s knows a thing or two about precious metals and shared them on King World News. We note that he believes that the central banks manipulated the markets to prosperity and all of this fake prosperity has to be purged. He knows that markets are acting like coiled springs which is good news for tired gold and silver investors who await exciting moves.
Two new diamonds have been acquired by Guildhall for investors. They are both flawless yellow diamonds. We talk about an important difference between the white jewellery market and the color investment market.
