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House Price Crash forum > Investment > Gold and other precious metals
Bearback
Due to all the fallout from the massive credit crunch, confidence in our fiat currencies will be massively dented. Will this give rise to a new opportunity for an internet based and truly international currency to evolve?

Edited to add:

Just found this by searching google.

e-gold

QUOTE
e-gold is an electronic currency, issued by e-gold Ltd., a Nevis corporation, 100% backed at all times by gold bullion in allocated storage.

the physical bullion that comprises the value backing e-gold must be insulated from physical, legal and political risks.


This is the future???
2MeterBear
I suggest this one

http://www.youtube.com/watch?v=1r3tx3IEsN4

mattsta1964
QUOTE (2MeterBear @ Nov 3 2007, 04:11 PM) *



LOL!!!

I dunno bout processed ham as currency though!
Injin
E-Gold have been raided by the feds a few times recently.

They really don't like competition.

When the fed is ******ed though, Egold and the like might fill the gap. (The trick then being to make sure they don't become the FED in future.)

More locally, you can make a time money system between yourself or for tradesmen in the local area, swapping time for time accross professions and there are a fewer other ways out there to manufacture your own currency system.
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