> I suppose time will tell, but I can almost see people exchanging shares > instead of e-gold because at times it's so darn difficult to get e-gold. > And I am basing this on experience as well. We were actually offered 2 TGC > share as payment for something...
I completely agree that this is the way where we are heading. What used to be illiquid assets yesterday, are becoming liquid 'means of exchange' (money) today. Instead of paying with 'money' we will pay with a piece of our home or some of our stocks, bonds, gold,... whatever has value. Computer and information networks make this possible, and it will happen. In fact it is already a reality. People have creditcards against their home equity or aginst their stocks, and when they pay with that card they are in fact paying with their stocks or home. At the end of this year the gold backed ETF is supposed to start trading. It is quite probable that other commodities will follow. That will mean that anybody with a brokerage account can park his assets in stocks, bonds, gold, commodities,... whatever he deems the best store of value at the moment. When he needs to pay something he will be able to pay from this account. 'Money' will not only be backed by gold, but by everything that has value in the economy. The dollar (or euros) will probably not disappear, they will just function as the 'unit' in which the values of the other things are expressed. Just like we can express length in centimeters or inches. The unit of measure has only a practical purpose, it is in fact just symbolic. At that moment 'money' , 'dollars' has become just 'information' The real value is in the real things, and we express their value in a certain number of 'units' Danny --- 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.
