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Will counterfeits ever become a true threat?
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<p>[QUOTE="KLJ, post: 59639, member: 1910"]We in the West sometimes get ahead of ourselves. A cashless society isn't in our near future. There are still places in the world where barter is quite common. Even in countries we would consider above that sort of thing. I've been there and seen it. Even in the United States, cash is still a primary means of the performance of the act of commerce. Go to a poorer part of town, and you'll see it.</p><p><br /></p><p>And as for counterfeiting, as others have noted, we'll always have it, and always will. But at the moment, US money is secure. The Secret Service is aggressive at find scofflaws, and circulating coins aren't valuable enough to counterfeit in large numbers. I think I read somewhere that less than 5% of the US currency circulating worldwide is believed to be counterfeit, and that includes third-world countries where you might expect counterfeiting.[/QUOTE]</p><p><br /></p>
[QUOTE="KLJ, post: 59639, member: 1910"]We in the West sometimes get ahead of ourselves. A cashless society isn't in our near future. There are still places in the world where barter is quite common. Even in countries we would consider above that sort of thing. I've been there and seen it. Even in the United States, cash is still a primary means of the performance of the act of commerce. Go to a poorer part of town, and you'll see it. And as for counterfeiting, as others have noted, we'll always have it, and always will. But at the moment, US money is secure. The Secret Service is aggressive at find scofflaws, and circulating coins aren't valuable enough to counterfeit in large numbers. I think I read somewhere that less than 5% of the US currency circulating worldwide is believed to be counterfeit, and that includes third-world countries where you might expect counterfeiting.[/QUOTE]
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