Danny,
> For example, why not an e-currency backed by real estate? > It could be better than gold. > A piece of land is in the same category. An acre of land today will still be > the same acre of land in ??? years, ... > But land does grow stuff, and that's where it beats gold. Trouble is, that land could also "grow" radioactive dumps or a spaceport for turism to Jupiter. The value of that land can change because some people decide to do something with it or near it. Property value depends too much of local factors, while gold does not. Having property backing a currency means you need to have people constantly evaluate the property. Why would you trust them? And imagine the enormous effort to manage it! The larger this thing goes (= the more things you use to back your currency), the closer you get to the idea of paper money since it represents the value of all property of a country. Same with stock. Stock value is inflated (= has only partial physical backing) and too volatile. Money definitely moves toward an electronic era, but I doubt it will be backed with land, houses, shares or... vodka. It will either be electronic... paper or electronic gold, or both... George Hara ------------------------------------------------------- Xnet scaneaza automat toate mesajele impotriva virusilor folosind RAV AntiVirus. Xnet automatically scans all messages for viruses using RAV AntiVirus. Nota: RAV AntiVirus poate sa nu detecteze toti virusii noi sau toate variantele lor. Va rugam sa luati in considerare ca exista un risc de fiecare data cand deschideti fisiere atasate si ca MobiFon nu este responsabila pentru nici un prejudiciu cauzat de virusi. Disclaimer: RAV AntiVirus may not be able to detect all new viruses and variants. Please be aware that there is a risk involved whenever opening e-mail attachments to your computer and that MobiFon is not responsible for any damages caused by viruses. --- 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.
