Reply to Thread

Message:: [QUOTE="Maxfli, post: 4052240, member: 69089"]For those worried that digital commerce will undermine our hobby, an excerpt from this weekend's Wall Street Journal: "It turns out that good old-fashioned cash has a constituency—and investors may regret ignoring it. Shares of companies whose fortunes are tied to physical cash in a major way, such as ATM providers like Cardtronics or Diebold Nixdorf, or companies that transfer or protect cash, like Western Union or Brink’s, soared last year. Over the past year through Thursday, those four stocks on average are up 83%. That easily tops the average 39% gain for Mastercard, PayPal, Square and Visa. Only two countries, Russia and Sweden, had a net substitution of cards for cash from 2007 to 2016, with cash in circulation shrinking as card payments grew…In other countries tracked, including the U.S., both cash demand and card payments have grown." Cash might someday disappear, but IMHO I think several generations will pass before that has a chance of becoming a reality.[/QUOTE]