Phoenix Capital Research recently published an article entitled “Physical Cash Poses a HUGE Problem For Central Banks”. According to that article,
“More and more institutions are trying to make it harder for you to move your money into cash.”
That’s not precisely true. Generally speaking, we don’t have any “money” (gold or silver) in circulation. We only have “currency” (fiat, paper and digital dollars). It would therefore be more correct to say that,
“More and more institutions are trying to make it harder for you to move your wealth [not money] that you’ve stored in the form of paper debt instruments into cash.”
In other words, financial institutions are trying to force people to store their wealth in paper or digital debt instruments rather than convert that wealth into physical cash.