>
>
> > It's GOLD for crying out loud.
>
> Er... it's not actually gold. It's value back by gold, numbers in a
computer
> "anchored" to gold's value. It's *virtual* gold!

I stand corrected to an extent. I was only generalizing the idea.

> Why do I say this? The laws of some countries forbid people to deal with
> gold! Yes, there are laws that force people to use official (= recognized
by
> the state) channels to buy / sell gold. But egold is not gold! It's as
> valuable as gold, but you don't have the gold, instead you can get gold in
> exchange for your egold.

What a can of worms. Somehow I can't imagine any state with such laws ever
recognizing this interpretation even if it is correct. I don't think they
would even understand it. More than likely they'll let it pass as long as
we're not surreptitiously cashing gold bricks through our monitors but I'm
not betting on it.

Didn't India just start something along these lines? I guess what they're
trying to say is just the opposite of what you have just stated.
Unimaginable or not, whatever became of that issue?

Joe
www.loavesandfishessoupkitchen.com




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