Amagi Metals will not accept dollars after 2016Submitted by JO4RP on Wed, 08/20/2014 - 17:28
Amagi Metals, an online dealer in precious metals and coins, announced today that they will stop taking US dollars for payment at the end of 2016.
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. Both investors and foreign governments have begun to lose confidence in the dollar’s future…and so has Amagi Metals. Thus, Amagi has planned that by the end of 2016, the company will no longer accept US dollars or other “fiat” currencies. Instead, Amagi plans to be trading exclusively in cryptocurrencies like Bitcoin.