I'm having a real deja vu moment right now. Where have we heard all of this before? Can you say e-gold Ltd.?
In my possession, I think I still have a few dozen old debit cards that provided fast access to my e-gold, 1MDC and Pecunix balances throughout the last decade. Some of them I used for shopping, especially buying gas at the pump and airline tickets.
What Gehrke writes "could" happen in Utah has already been done before at least 70 times over the past decade. POS shopping, ATM access to cash and even instant precious metal funding of the cards via JP May's excellent software has all been accomplished very successfully before by e-gold Ltd. and other popular digital gold currencies. What we are reading in Gehrke's article is deja vu all over again:-)
Wake Up Utah
The digital gold currency business, which has been operating for over a decade, is a 100% perfect match for the merchants, consumers and private vaults in the fine State of Utah. The commercial system needed today in Utah is not a simple bank debit card for shoppers, it is a registered e-gold style digital gold currency model, with many debit card operators offering independent cards and competing for Utah's consumer base.
Having a decade of experience with introducing everyday consumers to the benefits of digital gold currency, it is also my belief that digital gold is a perfect match for Utah's big business.
Utah needs to quickly look beyond the mom and pop local operations in SLC. The smart minds in Utah who have successfully passed H.B. 317 need to be explaining the overwhelming benefits of digital gold currency to all Utah corporations. The benefits of lower fees and instant settlement that accompany digital gold currency can quickly attract corporate business from the rest of the United States. A digital gold currency works very well using U.S. minted gold and silver coins. Look at the model which Utah now supports.
1. No state tax on the metal transactions within the system.
2. All digital gold currency transactions clear instantly 24/7. No waiting for bank wire transfers, credit card processing, cleared funds and no holidays or weekend delays.
3. No charge backs, reversals or credit card fraud.
4. Fees are extremely low, much lower than bank credit cards or wire transfers. Because there are no charge backs, digital gold currency transactions are much cheaper.
5. Private digital gold systems are just what Utah needs: voluntary, cheap to operate, easy to use and transparent.
Here are two questions I dare anyone to answer.
(Q) How many new $ Trillions are being created this week by the Federal Reserve? Who knows?
(Q) What will your inflated dollar buy at this same time next year? Who knows?
Sound money digital gold commerce is very different and much safer than Federal Reserve inflatable paper.
Here are some questions that we can easily answer regarding digital precious metal.
(Q) How much gold was deposited or withdrawn from the Utah private vaults last week? That audited amount is published each day on the web site.
(Q) How much gold is on hand in the local private Utah vaults today? This is third party audited public info. Each day of the week, an actual metal balance is publicly visible in the digital gold system. e-gold Ltd. even published the daily number of transactions and their approximate value. There were no surprises and no government agency can ever lie to you about the value held in the vaults or the account transaction stats. In a digital gold currency system this is public information and audits are conducted by third parties. Everyone, even non account holders, can quickly look up these stats, anytime on the web site.
Digital precious metal payments, even those that could be made to the State of Utah for taxes, can be instantly liquidated into a bank transfer daily. There is NO price risk to the State which may stem from an overnight or lengthy hold of precious metal. Metal can be liquidated into USD instantly 7 days a week.
In my possession, I think I still have a few dozen old debit cards that provided fast access to my e-gold, 1MDC and Pecunix balances throughout the last decade. Some of them I used for shopping, especially buying gas at the pump and airline tickets.
What Gehrke writes "could" happen in Utah has already been done before at least 70 times over the past decade. POS shopping, ATM access to cash and even instant precious metal funding of the cards via JP May's excellent software has all been accomplished very successfully before by e-gold Ltd. and other popular digital gold currencies. What we are reading in Gehrke's article is deja vu all over again:-)
Wake Up Utah
Having a decade of experience with introducing everyday consumers to the benefits of digital gold currency, it is also my belief that digital gold is a perfect match for Utah's big business.
Utah needs to quickly look beyond the mom and pop local operations in SLC. The smart minds in Utah who have successfully passed H.B. 317 need to be explaining the overwhelming benefits of digital gold currency to all Utah corporations. The benefits of lower fees and instant settlement that accompany digital gold currency can quickly attract corporate business from the rest of the United States. A digital gold currency works very well using U.S. minted gold and silver coins. Look at the model which Utah now supports.
1. No state tax on the metal transactions within the system.
2. All digital gold currency transactions clear instantly 24/7. No waiting for bank wire transfers, credit card processing, cleared funds and no holidays or weekend delays.
3. No charge backs, reversals or credit card fraud.
4. Fees are extremely low, much lower than bank credit cards or wire transfers. Because there are no charge backs, digital gold currency transactions are much cheaper.
5. Private digital gold systems are just what Utah needs: voluntary, cheap to operate, easy to use and transparent.
Here are two questions I dare anyone to answer.
(Q) How many new $ Trillions are being created this week by the Federal Reserve? Who knows?
(Q) What will your inflated dollar buy at this same time next year? Who knows?
Sound money digital gold commerce is very different and much safer than Federal Reserve inflatable paper.
Here are some questions that we can easily answer regarding digital precious metal.
(Q) How much gold was deposited or withdrawn from the Utah private vaults last week? That audited amount is published each day on the web site.
(Q) How much gold is on hand in the local private Utah vaults today? This is third party audited public info. Each day of the week, an actual metal balance is publicly visible in the digital gold system. e-gold Ltd. even published the daily number of transactions and their approximate value. There were no surprises and no government agency can ever lie to you about the value held in the vaults or the account transaction stats. In a digital gold currency system this is public information and audits are conducted by third parties. Everyone, even non account holders, can quickly look up these stats, anytime on the web site.
Digital precious metal payments, even those that could be made to the State of Utah for taxes, can be instantly liquidated into a bank transfer daily. There is NO price risk to the State which may stem from an overnight or lengthy hold of precious metal. Metal can be liquidated into USD instantly 7 days a week.
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