> > I really don't see how e-gold could do the above. First of all, it
> would have
> > to be a grandmother with access to a computer, and a telephone line, and an
> > internet service.
>
>Not neccesarily. There are a lot of community internet access centers
>being set up.
>
>
> > Then somebody would actually have to accept a few grams for bailment
> into the > e-gold system and the grandmother would have to be able to
> afford shipping > those grams of gold and also insurance on the shippment.
>
>Huh? How likely is that she had the physical gold in the first place? She
>would have grams of gold in her account that she got from an exchange
>provider. No shipment of physical metal or insurance is required.
It is actually much more likely that she would have physical gold than
internet access in that part of the world. Gold has always been a prime
form of currency there. That is why most of the jewelry from Asia is 22kt
to 24kt. It is much easier to store and use your wealth.
Paul Ewing
Shining Moon Creations - Exotic and Fantasy Jewelry
http://www.shiningmoon.com
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