Blog Stuck On You

Most of the payments today convert intoa digital form. Payment systems took a solid place in purses, they give an alternative for notes and coins - plastic. But, even debit/credit cars step back, when we are talking about new currencies. Because, they are directly and independently attached to precious metals. These e-currencies are coming up with comfortable and accessible payment system already, and it’s hard to resist against it. Is there any point in resisting this system?

Let’s try to sort this issue out with the help of our investment basics.

Evolution notes came to replace coins. Coins, in their turn came for replacing pieces of gold and silver metals. But, none type of these payment systems did not leave the stage. Each of them played the dominant role in the different period of time. Paper money was not valuable, so they always had been very vulnerable. The bunch of wood and a small barrel of oil - are concrete values. The bar of gold, platinum or silver are relative values, but they are also concrete and settled. But, paper money is spoilt sheets. 40$ per a one ton. It serves for representing other values. Back in days US dollar was improved by gold. Now its not quite so. That’s why US dollar became cheaper on 95% for the last 100 years.

By the way the price of gold is rising up. Only last year, the owners had got 15% of pure profit. Since 1998 year (#20.67/oz) it was raised up almost in 25 times.(900$/oz day). It concerns not only to USD. All currencies become cheaper. The country is wealthy if the inflation level is not low than 5-6%. They are happy to loose - but not much.

No wonder that today the trend for the popularity of investing in precious metals is growing up year after year. This method of increasing income is the most available and widespread. Soon the gold will return to our purses. There are a small group of people who will be against it. But this `group` is a government, and money control is the dominant key of management for this group.

So, what is electronic payment system for us?

In most of the cases it was about the comfort. Paper money was created for a comfort. Other things such as bunch of wood or a few kilograms of silver are not comfortable to carry. We can’t even talk about how to put all these things in women’s bag. Modern technologies and the level of development international payment systems processing are solved this problem. Instead of notes which are symbolized nothing, you are getting digitals, which are expressing the number, your own metal. These payment systems have deleted go-between - note. In the end of XX century they have already became complete currencies. Today with a help of GoldMoney you can pay in the shop. What will government say? And how will it influence one of the most crucial questions - where best to invest?

Liberty Dollar, probably, is one of the fist cognate backed gold and silver currency. In 1998 they were offering to their users coins with face-value ($5-$50 LybertyDollars).These coins made of pure silver have been already allowed to replace notes. In 2002 eLD came on the stage - e-analogue of LibertyDollar. Project was supported by presidential contender Ron Paul and liberal intellectuals, started to gain speed.

[spin]Parallel to|At the same moment of time, together with[spin] LibertyDollar such kind of projects as e-gold.com (e-Gold Ltd) and ebullion.com (Goldfinger Bullion Reserve Corporation) started they virtual way. They were more liberal and more accessible. E-gold could be bought by fake registered information. And in a minute to transfer any sum. It was easy to exchange it. E-bullion also was very accessible and these two currencies became very popular.

It is assumed by some specialists that gold and silver will be cheaper. Their real price is not higher than a price of the note. It is nothing more then decoration. But, when a society recognize their cheapness we will have another values,metals and currencies. Now we need only a choice. Right of choice. Wednesday in the morning, November 14, 2007 the FBI and the Secret Service raided Liberty Services organization. They have just took out documents, computers and few millions of LibertyDollars. In May 2007 the investigation of e-Gold ltd. activity was initiated, which finished in July of 2008. The result of this was the avowal of company’s guilt. Few weeks later, Pamela Fayed (James Fayed wife) who has agreed to cooperate with FBI, was murdered. James is the President/CEO of E-Bullion. He divorced Pamela Fayed in 2007. Since that time she applies for a part of business. Juridically she was warned not to approach to Goldfinger’s office. James Fayed was busted, life of his company was on the line.

It is not easy to explain the reasons why FBI became curious about information which Pamela knew. Who knows what was FBI looking in LibertyDollar’s office. Not everyone sure that eliminating of e-gold is better than cooperating with it. Everybody realizing that very soon E-bullion, perhaps, will be dead. That e-gold could exists only through the government control.

Read more useful insights about the e-payment systems and other important trends for the world of investments in the free investment basics.

Tags: Finance, Stocks, Investments & Retirement