Yes, I have gold on me at all times. Wanna see it? Convenient, YOU BETCHA!
It's very convenient.
Scroll down to the hyperlink to a digital cam pix I just took to see how convenient it really is. $35,000 for a new truck with all the toys is basically the size of a CARDBOARD TOILET PAPER TUBE!
(A roll of charmin's is 4.5" tall/(11.5 mm)
And when large amounts are required, say for purchase of a piece of machinery or a truck, an appointment is made, the exchange of gold for the keys and title occur, they go home with my gold and I go home with their mucker, backhoe, lo-boy, dump truck, whatever. All it takes is a day-planner, i.e., a calendar to keep track of the appointment time, and keeping your word about showing up for the exchange. Very simple matter.
Whole net going down at once?
Well, let's look at that lack of probability that you use as your main argument besides convenience which I'll deal with in a minute.
There are 12 major Internet computers in the domestic sector, 8 of them owned by MICROSOFT. Anybody heard of hacker/terrorist targeting internet or Microsoft? Any denial of service attacks been personally inconvenient in the last, oh, say 20 years? Hell, I've had fires in my central office cut my service for hours and hours on end...always during business hours of course, and they aren't even related to Microsoft!
And, I've had fiber optic cable cuts denying me service, i.e., access to the internet...again, always during business hours it seems.
And I've had denial of service due to the traditional 7-9PM load allocation to local Federal Reserve Banking System needing the internet for clearing purposes, night after night after night, just when I'm trying to buy something I think I just have to have at the last minute before an ebay auction closes...
And last but not least, the latest kicker has been that the Keno Games in the state of Oregon ALLLLLLL have priority on the phone line traffic allocation over ordinary phone users or internet users. Another repeatable daily interruption of service, every friggin' hour, and THAT isn't even hacker caused.
Last but not least, have you ever gotten a "circuits are busy" annoying beep beep beep beep beep that drives you batty when you are trying to either log on or call someone?
Yeah, right, all the net going down at once and staying down in this nation for a spell...sure it could happen. But the chances are remote with only 30 million USA users right? That's only 10% of the population. What about when it is 60 mil users? Or lets get wild and say 90 million users? Think we're going to have the same annoying level of "current access" under the scenarios described above?
You keep preaching "availability" of your virtual gold ownership without dealing with the real world of inconveniences ALREADY of reliable internet access to conduct your VIRTUAL e-gold transactions.
Let's do a comparison shall we?
Let's try to buy a car your way and then compare it to my way of doing the same with physical gold as currency.
1) You do what? Ask the dealer if he has a computer terminal handy?
2) You log into your "goldgrams" account ON HIS MACHINE which automatically remembers your password entered because they have a Windows 2000 edition on their machine?
3) You access your account.
4) You access your account through THEIR ISP because their computer isn't set up for your ISP, so now not only does the Desktop PC have you password stored to your gold account, the dealership's ISP which is highly likely to NOT be the same one as yours, now has your "encrypted schmipted" e-gold account access info.
5) You find your car dealership doesn't have an e-gold account of any kind that you can transfer to.
6) You transfer to your bank account, and get the message that it takes 3-5 business days before the funds will be good in your bank account (primarily because all the e-gold outfits are working on a percentage game based on "float time"
7) The secretary, whose desk you've usurped is basically pacing because you are interrupting her work flow, as she's the very one who is responsible for typing up the sales contract, registering your tag and title, calling your insurance company to make sure you are covered and typing up the temporary window-sticker tag until your real plates show up in the mail.
8) You get off frustrated because your plan "A" payment rigamarole just bit the dust due to a "circuits busy" phone situation
How'm I doin' so far, Claude? So far, from where I'm sitting, this is neither "convenient" nor particularly "secure."
Here's what happens when I do this car/truck/backhoe buying thing:
MY CONVENIENT PHYSICAL GOLD BUYING WAY
1) I call the car dealership's OWNER and predetermine that payment in gold is acceptable.
It is.
2) I have the gold, close by, and have already estimated the quantity needed. You see, I've been window shopping I know the sticker price and have basically already struck my deal including all the options. I negotiated the price (good for 24 hours) by negotiating prior to the decision to go in and pay.
3) I call for AND GET the appointment to pay.
4) I go in at the appointed time, say, usually carrying a Wendy's or McDonald's hamburger sack with the gold bottle inside. It is dense, sure, and weighs about the same amount as a gallon jug of milk, so I hold it firmly. Big deal.
For a practical example, here is all the bigger a container I need for just $35,000 I used to buy a truck.
eoni.com
If you want to see the gold spilled out of the bottle and falling out of my hand, I'll put up that picture too, if anyone just asks.
5) I arrive. We agree on today's price per ounce of the gold (We consult a newspaper, or call a broker). We agree on the purity because I always bring a notarized certificate of purity and weight in the bottle from a 3rd party.
(Yes, sometimes I bring in raw gold. Makes no difference--- we still have to agree on the price, purity and weight.) Never had a problem with this 3 parts of information/declaration.
6) I sit and wait for the paperwork with the bottle sitting on the desk, the hamburger sack pulled down around the "bottle's ankles." I have an ANIMATED, happy car dealership owner hovering close by because he can't take his eyes off the bottle for a second except to glance at me and carry on a conversation. He's dying to pour it out into his cupped hands, a "chore" I happily do for him and the secretary before I leave. I get a big kick out of the looks on their faces as I do this!!!!!!!!!
7) They shove the paperwork across the desk, I sign, hand the bottle to the dealership owner, and walk out the door with keys, title, license and insurance in under 18 minutes. I give my partner the keys to the family sedan, I climb in the new truck, and we both drive off the lot.
8) I get back home, step to my SECURE AND PRIVATE computer for about 30 seconds, makes an entry into Quicken Business books, as to how much gold I sold, to whom, what for, and the price, Bang, I'm done.
Heck, Claude, it would take the car dealership in your IVIRTUAL gold scheme a good 15 minutes to just to move one of the two office girls off her machine, if the dealership even HAS internet access to begin with, just so you could login to your account, with all the aforementioned security risks surrounding your stored password, and effect a 3-5 business day transfer from the e-gold account.
My whole deal, start to finish walking in the door is 18 minutes, tops.
Your turn... |
