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To: IngotWeTrust who wrote (2641)10/9/2001 12:04:56 AM
From: Claude Cormier  Read Replies (1) | Respond to of 4051
 
<Are you saying Claude's virtual fractional gold scheme >

There is no fractional anything in the GoldMoney or e-gold systems. There is nothing virtual either. The gold is there unencumbered in a solid vault, one gram of .9999 gold for each goldgram.

This is how the wife of the inventor of digital gold currencies (DGC) sees it:

Physical gold and coins are like a Mercedes without an
engine - pretty to look at but what can you do with them? The point is that just like a Mercedes needs that engine to circulate, gold needs a way to circulate. And in the 21st century that mechanism will be DGC, not gold coins or bars.