Gary wrote
> Just to see the reaction, go around to the car dealers in
> your area and tell them you want to buy a new car but, you
> will be paying in cash, not by check and see how they react.
> Or, try paying cash for a large piece of industrial
> equipment. I'm not saying that it couldn't be done, I just
> don't think it is going to be received with open arms.
>
The main reason that many large ticket merchants, such as car dealers or
industrial equipment dealers or apartment complexes, won't accept cash is
that they don't want the associated security costs/risks.
If you're a thief which would prefer?
"Let's go knock over the local liquor store and make off with several
hundred dollars."
or...
"Let's go knock over the local car dealer and make off with tens of
thousands of dollars."
I don't think many large ticket merchants would allow their merchandise to
leave on the basis of a check they received from some random person off
the street. However, they should have no problem doing this after
receiving an e-gold payment.
The only real problem I see with major corporations accepting e-gold is
something that cannot be changed. That is the fact that e-gold ISN'T
pegged to any fiat currency, namely the USD. It doesn't matter if USD
flucuates against AUG, or the other way around. The amusing anecdote that
an ounce of gold has already bought you a suit is just that, an amusing
anecdote. The whole argument of financial risk vs. fiduciary(?) risk is
only valid for the type of people who mainly use e-gold now (minus the
scammers & scammees).
For the vast majority, it doesn't matter if the USD flucuates wildly
against a set commodity. They view the other way around. The commodity's
value is flucuating wildly against the set USD. The main concern is that
the $100 I had in the account yesterday is no longer $100, it is now only
$97. It doesn't matter that USD aren't stored in the account. That is what
matters to them.
Viking Coder
________________
Worth two cents?
http://www.2cw.org/VikingCoder
http://www.2cw.org/420000&[EMAIL PROTECTED]
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