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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (62704)	1/16/2001 11:16:35 AM
From: Claude Cormier	Respond to of 116768

<well, my butcher for one wants paper money. Claude, what kind of shops are YOU frequenting that don't want paper money ? <gg> > Well if your butcher takes a debit card, than you have no problem. Otherwise you stop at your favorite ATM, insert your Standard Gold Debit Card, get a few paper currencies and buy your steak. That is where the gold currencies are heading in a few weeks. Ike... There is no doubt that paper currencies will stop existing within the coming decades. The US dollar, Canadian Dollar will continue to exist but they will go digital as the use of smart cards increase. They will join the gold currencies that are currently making inroads in the Internet World. So the issue is not one of paper vs digital, but rather government money vs private gold-backed money. Two good articles on the subjetc: "Competition between currencies, whether government or private, is beneficial to everyone in the digital economy. The currencies of substance that maintain their value over time and are implemented under a trustworthy and secure computer and communications system will be the ones that will circulate and be accepted globally." goldmoney.com "Money in the 21st century will surely prove to be as different from the money of the current century as our money is from that of the previous century. Just as fiat money replaced specie-backed paper currencies, electronically initiated debits and credits will become the dominant payment modes, creating the potential for private money to compete with government-issued currencies. Such competition between private and governmental monies may help countries around the world to finally live up to Lincoln's challenge of fulfilling "the duty [government] owes the people, of furnishing them a sound and uniform currency...." cato.org