Speedy's Article Cashless Society

I have intended to respond to this fine article. Yes, many of us have seen this coming for many years. The government thrives on the inflationary agenda- this is a sure way for that to continue. Money is no object- just put it on the Credit Card. Our society now has the plastic card mentality. Many of you may know that our bible even predicts this to happen. In Isa 2;20 it speaks of In that day (our time) people will be throwing their money to the bats and the moles. In another sense-meaning without regard. There has been a war against gold as Speedy has pointed out indirectly since the Roosevelt days. Now as to coin collecting in conjunction with all of this I wish to emphasis a few point. Think on this. Our government is simply involved in an appeasement thing in allowing ownership of gold at this time. Mainly what they are minting -the new 1/10,1/4-1/2 and 1 ounce gold eagles. Ok, after so long a time, we were permitted under law to keep numismatic pieces of gold (who determines if it is a numismatic item) Have we forgotten that 31 years after Gold standard was abolished that the same thing happend to our silver coinage. Sure, we get Silver Eagles and other Commemeratives coinages issued by the mint. What I am saying, is that all of the silver and gold that you may possess can be recalled-confiscated by the government at their discretion. Other countries have done this (France is one) and under pain of death. What good is a MS 69 coin valued at $10,000 or more to the owner in such a time when that probably will happen. All of the High Grade Numismatic material held by the big time investors (Snobs) will be of no value- they can not barter it- They can not sell it- and the government won't care if they keep it. To all other collectors, the government doesn't worry about any of us with our silver or gold- because we can not spend it. Banks and merchants can not (under new laws accept it) Many banks even now will not give you coinage unless you pay a service fee. They will not accept rolls of coinages from you unless you are a good customer or you must pay a fee for that (Service?) And so my friends, We still have the fines hobby there is- but probably we should keep in mind that it is a hobby and we should spend only what we can afford for the sake of our hobby- and not for Investment or hedge purposes)-