I don't think I can say more often that I think this law sucks too, but the fact remains that it is rarely applied in reality and still not without a court order. This should also be the end of the topic.
Cash will never be abolished simply because an unofficial physical currency would develop alongside an official digital currency and that would damage the state far more than the few untraceable cash purchases. I honestly don't care that the 500s are no longer reprinted either. This is all a bit more scaremongering than would actually be necessary. Even the people in the Bundestag sometimes discuss an idea that they themselves then find bad. Cash will certainly remain with us.
Currency in the form of cash is very unstable. In the 20th century there were already several currency changes (Reichsmark to DM, DM to €) In other countries it is similar, the oldest currency so far is the US dollar. I think money in the sense is very fragile and if you take the last centuries, soon (vllt in the next 20 years) a new currency will emerge
If you want to be sure that you always have a payment option that is also inflation-protected, gold would be a sensible investment. (gold ounce at the coin Dealer, official coin dealers assume the current gold rate and the prices are stable)
That means, with gold you can always change (in the bank) to the respective currency that currently exists, so today the €.
I hope in the future (vllt in 200 years ) money is abolished and we work for our Gesellschafft and for our survival like in Star Trek
Cash Your Opinion
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This post has been translated automatically
Cash Your Opinion
Nobody has liked this post so far
Cash will never be abolished simply because an unofficial physical currency would develop alongside an official digital currency and that would damage the state far more than the few untraceable cash purchases. I honestly don't care that the 500s are no longer reprinted either. This is all a bit more scaremongering than would actually be necessary. Even the people in the Bundestag sometimes discuss an idea that they themselves then find bad. Cash will certainly remain with us.
This post has been translated automatically
Cash Your Opinion
Nobody has liked this post so far
If you want to be sure that you always have a payment option that is also inflation-protected, gold would be a sensible investment. (gold ounce at the coin Dealer, official coin dealers assume the current gold rate and the prices are stable)
That means, with gold you can always change (in the bank) to the respective currency that currently exists, so today the €.
I hope in the future (vllt in 200 years ) money is abolished and we work for our Gesellschafft and for our survival like in Star Trek
This post has been translated automatically