People continue to forget that e-gold or any electro based system cannot thrive in an environment where the internet infrastructure is week. You cannot give e-gold to somebody who does not have the ability to use it. Creating a gold based monetary system in a place like Africa (I'm assuming we are not talking about South Africa) you need two things.
1. You cannot take people who have problems with their countries paper currency and expect them to switch to an electro system. That is like taking a person who has been riding a bike all his life and putting him behind the throttle of a Harrier Jet. Therefore, you must circulate actual hard gold currency. This needs to happen first because people need to once again get used to using gold as money. 2. You have to wait for the commuations and education infrastructures to evolve to the point that people have regular access to computers and they know how to use them. Then you would be able to get them to slowly switch to the electro system. Even in the US, Europe, Korea, and Japan where the internet is readily available we don't see gold based electro currencies taking off because the public is not used to using Gold as money. What we are actually doing is getting people to make two switches. One to use electro currency, and second, to use gold currency. The public may be willing to do one of these at a time, but not both. The first of these is becoming easier to tackle as more and more people pay their bills online, use debit cards, and send wires through online banking. But the second is more difficult. Gold has not been circulated in 100s of years, people are just not used to it. And people do not want to try new things unless there is some superb benefit. Currently, those benefits are just not there. Africa however may find it easier to use gold as money because of its Muslim heritage. Most of the larger economies in Africa are Muslim countries. The recent news coming out of Malaysia seems promising to people that want to see gold circulate. Khurram Khan --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] 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.
