At 03:49 PM 9/20/2002 -0400, Fred Michaelis wrote: >Just one quick observation. In the USA, strangely enough, most people buy >things using the US dollar. Why? Because a lot of sellers will accept >it. So, it would follow, if sellers sold more things for the value of >E-gold, it would not be a problem to have all or most of your money in >E-gold. If you have E-gold, it is no problem spending it at the grocery >store, as long as you have used it to load an offshore debit card.
I spend e-Gold at my grocery store - Krogers and Stop & Shop, and at BP Gas (petro for our Aussie friends) and this week even at a local hardware store. They have a pin-based POS machine, and I use the debit card with Cash Cards and pay from my account. The only complaint I ever heard from them was how heavy the gold bars were and how they jammed up the ATMs <g> Getting money out of the system is easy with a debit card. Getting money in the system is still the challenge, and so far nobody has any good answers. The Australian banking system and TechnoCash in Sydney are both viable alternatives, at least if you live down under. The banking system in the US is very fragmented due to antiquated banking laws, which makes it almost impossible to arrange something to have national coverage. Me thinks we need something similar to check cashing services. George _______________________________________________________ George Matyjewicz GAP Enterprises, Ltd. http://www.gapent.com/ Book Author and Doctoral Candidate in Training Moderator of E-Tailer's Digest http://www.etailersdigest.com/ Automated Press Releases http://www.automatedpr.com/ Marketing Your Web http://www.gapent.com/myweb/ Board Member AIB #34 http://www.aib-world.org/ --- 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.
