http://bullion.com/blog The Bullion.com Blog Fri, 04 Feb 2011 18:06:56 +0000 hourly 1 http://wordpress.org/?v=3.0.4 http://bullion.com/blog/2010/10/12/welcome-to-the-bullioncom-blog/comment-page-1/#comment-301 therooster Fri, 04 Feb 2011 18:06:56 +0000 http://66.161.7.37/blog/?p=23#comment-301 Not sure if the consciousness is out there on this important issue ? It relates to the development of the floating status of the dollar and other currencies in relation to gold. Here's a simple fact -> without the development of the pure floating currency system after BW, the further development of real-time gold backed digital currencies would not have taken place. It appears that the ultimate purpose of the dollar was not necessarily for the use as a currency, as it is in the fiat paradigm , but for its use as a real-time measure for commodities (gold) where it can act as a "bridge" within a gold-as-money paradigm. Keeping in mind that we still price economic widgets in fiat currency, a "bridge" from fiat pricing to weighted gold payment requires a real-time "translation". That is where the dollar has its true value within the law of weights and measures. We can now buy a single stick of gum using fully gold backed digital currency in real-time, anywhere on the globe and close out the transaction without leaving any lingering debt ... and do so in the twinkling of an eye. There is no monetary problem as per design. It's a fait accompli. The challenge is simply marketing and scale up. Not sure if the consciousness is out there on this important issue ? It relates to the development of the floating status of the dollar and other currencies in relation to gold. Here’s a simple fact -> without the development of the pure floating currency system after BW, the further development of real-time gold backed digital currencies would not have taken place. It appears that the ultimate purpose of the dollar was not necessarily for the use as a currency, as it is in the fiat paradigm , but for its use as a real-time measure for commodities (gold) where it can act as a “bridge” within a gold-as-money paradigm. Keeping in mind that we still price economic widgets in fiat currency, a “bridge” from fiat pricing to weighted gold payment requires a real-time “translation”. That is where the dollar has its true value within the law of weights and measures. We can now buy a single stick of gum using fully gold backed digital currency in real-time, anywhere on the globe and close out the transaction without leaving any lingering debt … and do so in the twinkling of an eye. There is no monetary problem as per design. It’s a fait accompli. The challenge is simply marketing and scale up.

]]> http://bullion.com/blog/2010/10/12/welcome-to-the-bullioncom-blog/comment-page-1/#comment-215 Gold Bullion Guy Thu, 16 Sep 2010 15:34:18 +0000 http://66.161.7.37/blog/?p=23#comment-215 A really informative piece which really showcases the impact of gold bullion on the markets and why gold bullion investment is such a worthwhile endeavour. A really informative piece which really showcases the impact of gold bullion on the markets and why gold bullion investment is such a worthwhile endeavour.

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