Yes banknotes have been stripped of their value by banning their use. The whole shopping centre here in FNQ simultaneously put up signs on this yesterday. All shops simultaneously not taking cash as it is a covid transmitter. Really ? As if key pads for pin numbers from someone who just picked their nose on transactions above $100 are clean ?
Security enforcing this. The local baker was railroaded into it by shopping centre management. Very unhappy but too worried about their business to protest to the local member...
Stage is set now for all your bank account funds to be "claimed" by banks for the inevitable bail in when our strong banks suddenly develop "issues" as this crisis deepens.
A huge test of people's resolve in Australia around legal tender passed without a whimper.
This is just another confirmation there's a huge shizzstorm still to come and gold may benefit short term. Reassessing long term as the crisis develops.
Keep safe and well
G
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