Its an interesting question, that of security requirements for a global gold standard.
No new technology is needed, if all the central banks of the world decided to deregulate interest rates and irrevokably peg their currencies to wholesale gold bullion. This is a policy decision. If undertaken the interest rates on all currencies would converge at a world nomincal interest rate, and global gold standard macro-economics would become effective right away, with adjustments to factor prices and allocations in economices to adjust.to shocks. All necessary security technology already exists and has existed for decades or even centuries, its just a policy matter. The two main fundamental forms of money are bank notes and bank accounts. The three fundamental forms of payment are physical transfer of bank notes, cheques delivered to and banked by the payee, and transfer instructions delivered to the bank by the payer. The methods of authentication are myriad. One can inspect bank notes for authenticating signals, check manual signatures on cheques for authenticity, and check manual signatures on transfer instructions. The technologies for making bank notes difficult to counterfeit and easy to authenticate are myriad, and include transparent sections, woven or embedded, special paper or polymers, watermarks, microtext, increasing or decreasing font sizes on words or numbers, serial numbers, back-front image mismatch indicators, special inks and colours and imprinting or marks on transparent sections. These technologies are geared to both give notes a distinctive look and feel that would be noticed if it were missing by most users, and to the ability of banks and cash dealers to use machines and specialist inspection to detect counterfeits. Manual signature authentication is normally based on comparison with an example on another document. This can be done with the help of technology such as scanning and electronic records. David Hillary --- You are currently subscribed to e-gold-list as: archive@jab.org 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.
