> GoldMoney and e-gold maintain this ratio at exactly 1 digital gram / 1 > physical gram. The old US gold standard maintained this ratio at exactly 1 > dollar / 23.22 physical grains.
A gold standard, and fractional reserve banking are two different things. The US has always had fractional reserve banking. I can't imagine that any future gold standard would restrict banks from loaning out money. If banks loan money, there's going to be fractional reserve banking, because the people who borrow the money will put it in a bank and increase the reserves in the second bank, though the money also exists in the accounts in the first bank. Craig --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
