Viability of PM Digital Currency

[steel_ag]

How do precious metal digital currencies figure into your portfolio?

[steel_ag]

examples,

goldmoney
e-bullion
e-dinar
crowne gold
pecunix
c-gold
virtual gold
phoenix silver

[Twisted Avatar]

It is only a matter of time before TPTB change the rules on digital gold


of course it will be for our "protection"



play with paper instruments and computers accounts for quick plays and profits.


just make sure that you SYSTEMATICALLY convert a portion of that paper to physical



NO ONE KNOWS WHEN THE OTHER SHOE IS GOING TO DROP AND I REFUSE TO BE ON THE WRONG SIDE OF THIS MARKET MELTDOWN.

[Master_Ho]

"If you don't hold it - you don't own it!"

Can it be any clearer than that?

[Canadian-guerilla]

"If you don't hold it - you don't own it!"

Can it be any clearer than that?


Canadian translation

" If you don't hold it - you don't own it!, hey "

[jonahtrainer]

I use digital gold currency for a lot of my physical bullion needs. I have had great dealings with GoldMoney (http://www.mygoldmoney.com) and highly recommend them.

"If you don't hold it - you don't own it!"

Can it be any clearer than that?

I'm not sure how applicable this is today. Melting or taking more than $5.00 of pennies or nickels out of the USA can land you in jail. What good is a gold coin for someone in Zimbabwe?

The US is less likely to invade Switzerland to confiscate gold than Iraq or your home. Look for jurisdictions that protect property rights and put your assets there. It is not wise to put all your eggs in one basket. Heck, I got multiple baskets (homes, real estate, etc.) in the US and several more baskets throughout the world.

TPTB are rapidly losing control. Sometimes I think we attribute more power to them than they really have. There are a lot of countries chomping at the bit to have capital deposited there. They craft their laws to protect it so they draw it.

The US can only invade so many countries before the private capital ($17T in Switzerland alone out of about $50T worldwide) out there gets tired of it and hires China or Russia to nuke the US. Even after that happens people will wake up the next morning and still want breakfast and there will be someone there to cook it for them. Life goes on.

[eyeofliberty]

I used to use GoldMoney as a savings account, but I have closed it out now that they have changed their U.S. banking policy.

Too bad, so sad...

I really liked having that account. It would have come in handy if I needed to beat a hasty retreat from U.S. soil, or something. Now it's all physical for me.

[Malus]

Canadian translation

" If you don't hold it - you don't own it!, hey "

Its not "hey", its "eh". You call yourself a Canuck!:D

[Aussie]

I'm with you jonahtrainer, I've had a GoldMoney account for a while now and couldn't be more pleased with the way it operates and their integrity.

James Turk is a straight-up GATA type guy and he has gone the extra mile to do it right.

Regardless, it forms only a part of my portfolio but I believe that some diversification within the gold sector is important. I have a lot of physical as well a very decent gold and silver stock portfolio.

[Fullpower]

When the Canadian pronounces the "period" at the end of a sentence, the 'H' is silent, so hey is actually pronounced "eh?"

[Twisted Avatar]

Canadian translation

" If you don't hold it - you don't own it!, hey "

New york translation:

"If you dont hold it - you dont own it"


CLICK!! CLICK!!


T

[morganchaser]

I like the implications of digital currency. Cryptoanarchy man.


http://en.wikipedia.org/wiki/ECache


"eCache is an anonymous bank operating through interfaces in the Tor network. The bank issues cryptographic certificates, "Digital Bearer Certificates", that can be exchanged among the banks users. The certificates can be bought and sold for real money through the bank. The owners and operators of the bank is uknown and the bank is said to operate outside the laws of any country.

[edit]
Currencies supported
COW -- A dummy currency that is used only for testing the system. The currency is copied from the predecessor Yodelbank.
GG -- A currency that is backed by gold. One GG is worth one gram of gold.

[edit]
Operators accepting GG
Metropipe -- An Internet Service Provider that has specialized in anonymity. [1]
keepyourassets.net -- An asset protection company. [2]"

It's supposedly backed by gold.

[Canadian-guerilla]

Its not "hey", its "eh". You call yourself a Canuck!:D


just trying to make it easier for foreigners to understand
without getting into all the linguistic specifics, . . . . eh :D

[morganchaser]

Yeah, that sounds like a good idea. Put my money into the hands of a bank where the owners and operators are completely unknown?! :sarcasm:

As long as it's accepted by someone it serves a purpose, although savings might not be it.

[Malus]

just trying to make it easier for foreigners to understand
without getting into all the linguistic specifics, . . . . eh :D
No problem, eh.:D

[Malus]

When the Canadian pronounces the "period" at the end of a sentence, the 'H' is silent, so hey is actually pronounced "eh?"

LMAO:applause_