Dear Friends, It seems to me that grams of gold (or other metal) are a good way of thinking about what e-gold (and other DGCs) represent. Since a gram of gold is always a gram of gold, no matter how badly inflated a fiat currency gets, it seems rational to think in grams.
Ounces are also somewhat useful, since many commodities lists show a standard contract denominated in ounces, and list the current price in (typically US dollars) per ounce. Knowing what an ounce of gold is going for is a good thing. Ounces are also good for silver, much better than grams. An ounce of silver is on the order of $5, so it is close to Claude's idea of "the cost of a meal." A couple of ounces of silver are about a gram of gold. US dollars are used worldwide. While DGCs are the thinking person's preference for money, not everyone thinks much. A very great many people think of prices in terms of US dollars. Many people who use other currencies also think in US dollars. There is no reason to push people to change their way of thinking; the reason not to do so is that it loses a lot of the market's interest. Euros have been in use for some time, and for about the last year most of the disappearing currencies have been in a mode of forced-exchange to the Euro. So, in Paris this Summer, paying in francs at Timhotel was only possible using the franc-Euro exchange rate set by fiat by the European money authorities. I found it better to exchange US dollars for francs or Euros at a cambio rather than accept this terrible franc-Euro exchange. At one point, it seemed cheaper to exchange francs to dollars to Euros at a cambio rather than accept the fiat exchange rate. Again, many people have gotten used to thinking in Euros, especially folks in Europe. Having the option of stating the payment in terms of other currencies is a good thing, and a service. It picks up Yen and CHF, which is great. Yet, these aren't cluttering the screen normally. Part of the value, for me, of using e-gold, GoldMoney, 3PGold, 1mdc, and e-bullion, is to help change the culture. The pervasive culture worldwide doesn't apply much thought to the issue of "what is money." Since that issue is paramount to the excessive and unwarranted influence of the banking cartel, and since that cartel has been responsible for very much of the evil in the world (e.g., getting between people and their property, using government to enforce fiat currency values, etc.) it is important, to me, to pressure people to think about that issue. Promoting the widespread use of grams as a unit of currency and gold and silver as metals backing hard money is important. To me. Getting off this planet, making humanity a multi-planetary species, and obtaining the kind of personal freedom I seek for myself are purposes that cannot be met within the context of the current world superpower governments and with the current banking cartel in power. I know from personal experience. Regards, Jim http://www.GoldBarter.com/ --> a free market --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] http://www.e-gold.com/stats.html lets you observe the e-gold system's activity now!
