Paper Vs Silver - Page 2 - Coin Community Forum

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Author	Replies: 23 / Views: 3,211	Page: of 2

sel_69l Bedrock of the Community Australia 21788 Posts	Posted 11/05/2010 11:52 pm I know of too many people who have had their credit card accounts dudded, with money stolen from them. If I travel overseas, I will use a debit card, and some cash for emergencies. At least I can limit the amount of money that is being pinched from me. I will also pre pay as much as possible before I travel. Edited by sel_69l 11/05/2010 11:58 pm Report this Post to the Staff
canadian_coins Pillar of the Community United States 2408 Posts	Posted 11/06/2010 12:55 am sel, I don't know what the rules are in Australia but my Capital One credit card is fully protected against fraud. The majority of debit cards do not provide benefits such as travelers insurance, rental car insurance and rewards. I can't imagine traveling without a credit card. And technically, I don't think it is even possible. Airfare, car and hotel reservations without a credit card? Not sure. And I won't carry a debit card either. For one, it is just as easy for crooks to steal your credentials. And if they succeed, then they go straight to your stash... the cash you need to pay the bills. A lot of people got into serious trouble. This article can explain it better than I can: http://www.kevincoffey.com/money/at...ormation.htm But we digress... Let's face it. Cash, coins, bills (and checks I would add) are on the decline. Is it good or bad, what will be the future, I don't know. But the path is inevitable. Report this Post to the Staff
rodime Valued Member Canada 276 Posts	Posted 11/06/2010 12:17 pm @1cent: That's a great philosophical argument that doesn't translate in to real life examples. As for credit/check card fraud, both my checking account and my credit card are $0 liability if stolen. It's a bit of a hassle (You have to file a police report and send that to the bank), but combine 0 liability and common sense, and you never need to worry about a stolen card ... Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 11/07/2010 02:55 am I travelled to the U.S. eighteen months ago without a hint of a problem. Report this Post to the Staff
canadian_coins Pillar of the Community United States 2408 Posts	Posted 11/07/2010 11:45 am rodime, Interesting off-topic discussion... in my case that's exactly what I had to do. I felt like I had to "prove" my case. Fortunately, it was only a few hundred dollars and I was well known at the branch. But it still took several months before I got my money back. So far, I've had 3 unauthorized transactions on my credit card and in all cases the money was charged back within 3 days. Been there. I will never use a debit card again. My credit card purchase protection plan does not cover damaged or stolen coins but I do get the best currency exchange rates when buying coins in Canada. PS> sel, generally you get a hint when you notice that your money is gone. Not a good feeling at all I can tell you. Report this Post to the Staff
scott hill Valued Member United States 66 Posts	Posted 11/08/2010 4:36 pm don't be silly big brother is watching us all,bet on it Report this Post to the Staff
david mackenzie Valued Member Canada 183 Posts	Posted 11/08/2010 5:15 pm Inflation is paper money worst enemy. Report this Post to the Staff
rodime Valued Member Canada 276 Posts	Posted 11/08/2010 5:56 pm lol yeah, your life is so interesting that you're being monitored right now for illegal activity. right. That's the heights of narcissism. Report this Post to the Staff
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