At 11:31 2002-05-14 -0600, Steven T. Cramer wrote: >Of course they could do there own Gold >Storage like the USA used to do back when they could read the >constitution. But for small countries it could be easier to use a DGC.
It would probably be easier for a small country to use use e-gold than to store their own gold because of the costs involved in such a storage. Their gold would be better protected as it would be out of the reach of the average robber. It would probably cost less for the annual fees than it would be to maintain its own vaults and guards. Then again, they might fear that it would give e-gold quite a bit of power over their internal affairs as it would make it possible for e-gold to freeze their assets if they wanted to overthrow the present government of such a country. I am not saying e-gold would ever dream about doing that, but the government of a small country might simply fear of the theoretic possibility. But then, it would not be the first. I grew up in Slovakia and according to my parents the Treasure of the Slovak Republic (which existed between 1939-1945) was stored in the vaults of a Swiss Bank. They felt secure that once Slovakia regains its independence, it will be able to get hold of its Treasure. Whether that actually happened when Slovakia did become independent in the 1990's, I do not know. But that shows that a small country might be quite opened to the idea of storing its gold with a respectable corporation outside of the country limits. Adam http://PhoneCowboy.com/ --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
