Claude, one observation I have, and please corrrect me if warrant.
To me I see those citizens in the poor and unstable countries as being
those who can most receive the benefits of e-gold. Just so long that
they can get a currency conversion to a currency to buy gold or silver
or another precious metal, then they can put their savings in an object
thats seperated from the money system of their country.
This would require that their country allows them to own physical gold
and silver. Also, even if so, can they store it physically outside the
country at a e-gold storage site.
A big question this citizen has to ask themselves, even if they can use
the e-gold system and no e-gold storage is inside their country, would
their government just simple pass a law saying a citizen cannot own
gold or silver and not allow this citizen to exchange their e-gold
savings into say USA dollars, but their e-gold must be transfered to
their countries gold reserve or Central Bank.
I have heard that recently a country forced all citizens to deliver
their gold to the government as it was made unlawful to hold it.
I'am not to sure about last statement I made, but I have heard that the USA did do this in 19??. Also I heard that a country needed to
pay foreign debts and their paper money was not accepted, so they asked
citizens to sell their gold to the government in exchange for the paper
money.
Seems that those most in need of e-gold, those that can see their paper
money loose its value like in Russia, would not only have to see that
no law would prevent them from joining the system, but also that storage
can be outside their country.
Doug |
