Ones and Zeroes
One of the greatest strengths of a global cashless monetary system is also one of its greatest weaknesses: computational technology. It’s easy to see why. A skillful enough hacker can apportion funds from one account to another, or totally delete money in an account where the account holder is at enmity with the hacker.
While banking systems seek to ensure security as much as is possible, and virtually anyone who reads this already has assets held in a bank account somewhere, there’s still security in the knowledge that you can withdraw physical portions of money as they are needed.
Should the world shift to an entirely cashless, paperless currency system dependent on computers, this will no longer be the case.
Keeping Physical Wealth
In order to overcome this approaching transition, many who have exceptional wealth are moving toward physical assets like property, art, or coins. Gold Krugerrands retain their value by dint of their composition: gold.
And, while it makes sense to invest in things like gold and silver—as value fluctuations can actually make buying and selling these precious metals a profitable enterprise in and of itself—there are also assets which can be purchased that aren’t and visible, and can also represent a dependable means of conserving wealth.
One way to find value in currency that isn’t digital is to purchase monies which are no longer in print, and quickly becoming more rare. The more quickly they disappear, the greater their value becomes as a piece of history. A denarius from the time of Caesar isn’t worth its original value; as an artifact, it’s actually worth much more.
The Zimbabwe Component
At BankNoteWorld.com, you can find Zimbabwe currency for sale from one of the most turbulent eras of the country’s history; according to the site: “These Zimbabwe Banknotes were printed in the hyperinflation period of Zimbabwe from 2006 to 2009.” Given that this three year period took place some eight years ago, these bank notes are quickly becoming more and more rare.
While it’s unlikely that the value printed on the note will be represented equally wherever such notes are purchased (the US national debt is several trillion dollars; it wouldn’t make sense for a trillion dollar Zimbabwe note to come even close), it is likely that the value of such a note will increase from the price at which it was purchased.
Of course it’s impossible to directly pin down how such an asset may appreciate, but with any rare commodity, it is to be expected that asset aggrandizement will gradually take place at the very least concordant with the rates of local inflation. Certainly, with items like the Zimbabwe note, the prime value comes in novelty and historical record. But that’s not to say some inhering value isn’t there.
Collecting Old Currency
Whether you’re buying gold Krugerrands to retain your wealth, or you’re just an avid collector of antiquated currencies, finding a location where such assets can be easily purchased, and are in large supply, can definitely help you in your search.