If a banknote cannot be subjected to a decline in nominal value, we need to ask whether banknotes can act as a superior store of value than bank deposits? If that is the case, will some investors prefer banknotes to bank deposits as a form of savings? Such a change in preference is known as a “bank run.”
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http://www.zerohedge.com/news/2014-11-12/russell-napier-declares-november-16-2014-day-money-dies
pretty funny.
explains why big money individuals were looking to transfer into gold 4-6 weeks ago