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| Another Nail in the Coffin for Cash Andrew Snyder, Editorial Director, The Oxford Club Editor's Note: On Tuesday, we sent this column to readers of Oxford Insight - the premium newsletter we publish three times each week for Members of The Oxford Club. The response to this controversial subject was quite large. So due to interest - and the opportunity inherent in it - we felt compelled to send the piece to as many readers as possible. Enjoy.
We talk a lot about money, but what about "money"? You know, the green stuff in your wallet - the paper you toss into your grandson's birthday card. It seems odd, but the days of cash are numbered. I got a firm reminder of the idea yesterday. If you haven't heard the news, The Oxford Club will soon release its own app for our Members using Apple (Nasdaq: AAPL) smartphones and tablets. You'll be able to get all your alerts, updates and even monthly issues with just a few taps on a screen. During a conversation about the new app, the developer excitingly told us they'll soon be able to incorporate the Apple Pay feature into their products. The news caught our attention. Now, few Members pay their annual subscription fees with cash, but Apple's recent foray into the world of money puts one more nail in cash's coffin. It's more proof the death of cash is near. For savvy investors, it's a big opportunity. Readers of Alexander Green's Oxford Communiqué have likely heard parts of this story before. We recently sent his readers a report titled "Cashing In on the Cashless Payments Revolution." And Alex wrote about another angle of the digital revolution for Investment U last week. What's most interesting is the technological advances that have allowed all of this to happen. In the case of Bitcoin, the system hinges on a complicated mesh of math and immense computing power. And in countries like Sweden, where some 95% of all transactions are done without cash, the adoption of digital money is all about the technology. As new, more secure forms of electronic payment are debuted, trust and awareness rise... and the death of cash is accelerated.
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THE NEXT PHASE OF THE INTERNET IS COMING So far, the Internet has gone through two phases. In the first, hardware companies like Hewlett-Packard shot up more than 2,640%. In the second, dot-coms like Amazon turned every $5,000 invested into $100,000. Now, the next phase of the Internet is about to begin... And just like the first two phases, this one will make a few ahead-of-the-curve investors insanely rich. To find out how you can become one of them, click here.
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It's a point that's at the center of our recent report. "That acceleration in electronic money will cause money itself to accelerate," says the report to Communiqué subscribers. "Electronic money moves faster than physical money by a factor of 10, 20 or a million times in some cases. The supply of electronic money also grows faster. Much faster. These twin forces - more money moving faster - will change the world in dramatic ways. This includes through near field communications. "Near field communication - or NFC - is a set of standards for smartphones and similar devices to establish radio communication with each other by touching them together or bringing them into close proximity." With the debut of its Apple Pay late last year, Apple is one of the newest entries into the realm of NFC. But it's certainly not alone. Nokia (NYSE: NOK) and Sony (NYSE: SNE) both produces devices with the technology. As the technology evolves and cash quietly dies, the opportunities for investors are numerous. Of course, the companies behind NFC technology will do well. But so will the companies that help overcome one of the biggest fears about a cashless society... security. The fear is real. In fact, later today I get the thrill of chatting with my bank's fraud department. It turns out my credit card information was stolen last week... for the second time in in 12 months. When it comes to digital security, Symantec (Nasdaq: SYMC) is popular among investors. And don't forget the companies at the center of this revolution, the banks. Wells Fargo (NYSE: WFC), Chase (NYSE: CCF) and Capital One (NYSE: COF) were among the early adopters of Apple Pay. And if we know anything about banks, they don't do anything unless they get paid. So far, Apple has been quite secretive about its deals. Even without specific dollar figures, it's clear banks want in on the technology because Apple has a track record of flat-out changing the game. Banks want Apple Pay because they know where Apple goes... so go the masses. In fact, it's Apple's jump into the realm last year that has us so excited about the sector. As cash dies, you have a strong shot at putting some extra money into your portfolio... even if it is entirely digital. Good investing, Andrew Snyder Editorial Director, The Oxford Club P.S. If you are at all interested in this topic, you absolutely must watch this shocking video. It details a single event that will dramatically disrupt America's money supply. This is where things truly get controversial... and where the big money will be made. Click here for the details.
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| | Money is about to undergo the most massive change since the advent of banks in the late 1400s. And it will create enormous investment opportunities... Read On... | |
| | The prices of certain commodities always rise before and during financial crises. But do those investments pay off in the long term? Read On... | |
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