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World Wide Money
04/22/2007 / in love
World Wide Money
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The world wide
web needs world wide money. e-gold was created in response to this need.
e-gold
is accounted by weight of metal, not US$ or any other national currency
unit. Weight units have a precise, invariable, internationally
recognized definition. Additionally, precious metals, gold in particular,
enjoy a long history of monetary use around the world. Thus, e-gold is
ideally suited for international transactions.
Although e-gold is accounted by weight, the e-gold payment system allows
Spends to be expressed in terms of eight major national currencies (as
of this writing). For example, it's possible to:
Spend 10 troy oz worth
of e-gold
Spend 5.3 grams worth of e-gold
Spend US $100.00 worth of e-gold
Spend CHF 685.88 worth of e-gold
This means (for example) that a Canadian can pay a German or a Japanese
can pay an Australian the correct weight of gold (e-gold) for a good or
service as easily as if the price had been quoted in his own national
currency.
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