Amagi Metals to No Longer Accept US Dollars After 2016
In a very interesting, yet unusual announcement today, precious metal vendor Amagi Metals announced that once the year 2016 is over, they will focus their attention away from accepting US dollars as a means of payment. The announcement, made on the company's website recently, cites decreased confidence in the dollar over the years as the main reason for their movement away from traditional currency: Since the dollar was decoupled from gold in 1971, it has lost 97% of its value compared to the yellow metal and 83% of its domestic purchasing power, and the trend shows no signs of stopping.....
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Precious metals and coin dealer Amagi Metals announced today it would stop accepting US dollars as a payment method at the end of 2016, saying it had "lost confidence" in the future value of the world's most popular fiat currency. While several prominent retailers and dealers have joined the bitcoin ecosystem in 2014, and some businesses have always been exclusively bitcoin, Amagi is one of the first to halt fiat acceptance. The company said in a statement: "Since the dollar was decoupled from gold in 1971, it has lost 97% of its value compared to the yellow metal and 83% of its domestic....
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