There appears to be a new war on cash and it is not limited to the US. In India there was a removal of old 500 and 1000 rupee notes, curbing the cash economy. In the US a withdrawal of $3,000 or more from any of your bank accounts in cash now requires the bank to file a SAR (suspicious Activity Report).
One of the purposes of this war is to force the underground economy out, so that taxes will be paid.
But a different result is also occurring. “The growing war on cash, and capital controls, is making bitcoin look like a viable, if high risk, alternative,” said Paul Gordon, a board member of the UK Digital Currency Association and co-founder of Quantave, a firm seeking to make it easier for institutional investors to access digital currency exchanges.
So, keep a watch on your cash levels, make sure you have the reserves on hand that you want moving forward. But also keep an eye on gold prices and see if your personal ownership levels are where you want those levels to be as well. Because once cash becomes scarcer, gold prices typically increase.