How to Profit When Negative Rates Push Cash to Extinction

Cash is likely going the way of the dinosaur, thanks to a one-two punch from governments and their central banks on one hand, and technology on the other. It's unruly and chaotic, simply too hard to track and control. So, as part of a quiet but all-out war on cash, governments have thrown their weight behind the adoption of next-generation credit and debit card features, like the Euro-import "EMV standard" gold chip cards that were rapidly adopted in the United States. When all you have to do is tap your credit card or smartphone to complete a purchase, the convenience is almost impossible to resist. Add the rapidly increasing galaxy of payment apps and devices, and you can see that the days of banknotes and coins are numbered worldwide. This war is still in its early stages, but it's already going well for those who would see cash gone: A Gallup poll released in July reported that just five years ago, 36% of Americans said they made nearly all of their purchases with cash. In June this year, the result was just 24%. The outcome is probably inevitable, but like the investing adage goes, "make the trend your friend" and tap into this really juicy profit opportunity I'm going to show you... Tags: Stocks To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2016 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post How to Profit When Negative Rates Push Cash to Extinction appeared first on Money Morning - We Make Investing Profitable .