Ingots and coins cannot be backed-up but can be locked-up. The e-accounts which track which of us own what fractions of the gold in the warehouses should be backed upon on CD-R or DVD-R just in case we have an electromagnetic pulse erase all magnetic media and reset everyone's accounts to zero, and the backups be zeroed also. Sombody could get stuck with a warhouse full of metal, and not know to whom it belonged, if the ones and zeros of magnetism aren't replicated in ones and zeros of optical media. Quick Poll: How many Gold Commerce e-Companies which hold any balance of monetary value for themselves or their customers have non magnetic backups with offsite backups? I better be hearing a yes from e-Gold, MetalSavings, and Standard Reserve. Next we can ask the same of modern banks... how do they backup? This could be an area where at least for a while the Gold commerce could outperform the credit commerce. -- All information + transactions non negotiable and private between the parties. All Rights Reserved + Copyright 2000 Angela Kahealani. <URL:http://www.kahealani.com> --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
