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Anyway he's a theory although I am still going to do more research.
All the popular electronic money systems now are backed by gold (although some are backed by silver, platinum, etc...) but by far the most popular seems to be gold. Many governments now are quietly holding down the price of gold artificially (The US, Switzerland, Britain...) if you read about this it gets VERY interesting. There are gold mining companies in Africa that are going out of business because of this... Anyway gold will never lose its value... and the governments don't like this fact.
Once people like me start buying and trading w/ electronic money backed by gold -- the value of gold will climb -- there will be no way for the governments or anyone else to continue to hold down the price... and a lot of people are going to lose a lot of money. There's already over 1 ton of gold out there being used to back electronic money -- and this is just the beginning. The internet is very powerful -- look how many people said that trading stocks over the internet would never catch on or affect the stock market -- now everyone trades online... This is just the beginning...
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-- TheFLY.net/pete.jpg
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