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Another problem with paper money – TERMITES!

The good folks at Agora Financial in the 5 Minute Forecast on Monday released this information about termites eating banknotes. I find this amusing and you probably will too!

"Here's a parable about the perils of paper money: Central bankers aren't the only ones who can destroy its value. From India, we learn of the danger posed by... termites.

Police in Barabanki, India, say a phalanx of termites invaded a steel box full of currency at a bank. Before anyone noticed, the insects had feasted on 10 million rupees in notes - about $222,000.

Detectives say the notes were stashed away in January, and the bank manager discovered the damage last Wednesday. Now police have registered a case of negligence against bank officials - a preliminary step taken in India before opening an investigation

Makes you wonder what would happen if Indian police had jurisdiction over the Federal Reserve..."

Ha! I shake my head, I count my gold coins. I shake my head, I count my numismatic silver coins. Join us today at Lear Capital to count your physical gold and silver coins - what termites can't eat!

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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