This company is going to stop accepting US Dollars in 2016

Yes, the times they are a changing, so much so that Amagi Metals a global online dealer for precious metals has announced they will no longer accept US dollars starting in 2016. As an online business, and one that focuses on precious metals the price fluctuations of currencies like USD have sent them in search of greener pastures, and those greener pastures are – Bitcoin.

In a recent blog post the company said:

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. (Source – Amagi Metals)

They also added a new banner that we might just see popping up on sites all over the net as Cryptocurrencies continue to gain momentum and widespread acceptance.

Dollars not accepted here

Is this a new trend? Only time will tell but one thing is certain, by 2016 we will be living in a very different world, a world where some people might look to Cryptocurrencies for the stability they once found in physical currency. What do you think, is this a complete outlier or signs of things to come?

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