Dear Listmates, A thought occurred to me while sitting through a very boring Rotary Foundation seminar on Sunday. Rotary International has about a million members worldwide. It dispenses hundreds of millions of "dollars" in various aid projects worldwide. Its currency of reckoning is the Federal Reserve "dollar." It invests much of the money donated to it and uses the interest from those investments for its aid projects, but in addition to the money that is invested for gain there are large sums that are "parked" for extended periods which just need to be secure while awaiting disbursement. It seems to me that egold might have advantages as a value storage medium, provided it is easily and cheaply converted back into national currencies when it's time to shell out. At the same time, Rotary could adopt gold (or the statutory gold-based dollar at $30/oz) as its currency of record. It would then be truly international in outlook - the Federal Reserve greenback would be just another local currency. My questions are: Is there any advantage TO EGOLD if large international civic organizations adopt it as their exchange medium? What effect would the adoption of egold have on the cost of moving money internationally? Best, Marc de Piolenc Iligan, Philippines --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
