We are becoming more conscious than ever before of the limitations of a currency system that is not based on any physical object. Making a buy with a credit card is a ‘paper’ transaction. It isn’t backed up by anything tangible. In most circumstances, if the individual who started the sale does not pay, the vendor is out of luck. Because all transactions are secured by the corresponding value in gold, using digital gold investment is unique.
Consider this: when you pay with a credit card, the person selling you the product or service does not have any assets to back up your sale. They’re letting you back it up with a ‘promise to pay.’
They will not get compensated if you do not pay your bill. If this occurs on a large scale, as it is in the current economy, it signifies that many businesses are experiencing cash flow problems.
With E-gold. You are buying goods or services and it’s like you’re handing over the exact amount of gold to cover the buy price.
It’s like how things were in the past. Consider the days of the old west, when a person would go into a general store and pay for their items in gold ounces. The notion of e-gold is that it has genuine, tangible worth.
Paper money today is only as good as the government that backs it. It is no longer linked to a gold reserve, as it once was. The government used to have a billion dollars in gold in a vault when it produced a billion dollars in money. They didn’t print any more money than they already had in gold reserves.
That doesn’t work anymore, at least not in the United States. Our existing monetary system is predicated on a debt mentality. The Treasury can print extra money whenever it sees fit, without having to worry about it being tied to any true gold standard.
Many people believe it is unavoidable to return to the gold standard method of estimating the amount of money in circulation. Nothing is supporting’ our currency, which is adding to the current economic downturn.
Investing in gold-backed currency is growing popular as the value of gold is recognized by every country. Because different countries’ currencies are worth different amounts, investing can be difficult.
When you invest in gold, yet, you can count on a set value because the investment is backed by gold bullion.
Go online to discover more about e-gold investment. There you will find all the information you need to understand the concept as well as the benefits of making gold-backed investments.