Texas gold bullion...

Would it be possible to create a gold-backed DIGITAL currency where the State of Texas would only own the DIGITAL, but the digital coins would be directly exchangeable for physical gold?

No storage costs or fees.
No possibility of theft.
Full audit trail.
Distributed vault.

Gold WITHIN Texas (at local shops) would have to maintain at least the total amount of digital coinage.  That could be done through legislation, or perhaps market forces?

Possibly 10% of the billion could be purchased in physical gold with a public vault on the UT Austin campus. Stealing $100 million in gold from the center of UT with overhead planes and security cameras and 50,000 students is kind of difficult.  $20,000 each?  Not enough to buy them off.

https://bitcoinmagazine.com/21283/texas-bullion-depository-challenges-federal-reserve-system/

Banks are databases & money is an entry in a ledger

Everyone has a buy-off point.


So, there is no more mystery about the concept of money or what it is:  it is simply accounting fraud today.

Bank of America halts wire transfers to Belize

In July:  Bank of America halts wire transfers to Atlantic Bank International.

Back in April: Bank of America halts wire transfers to Belize Bank


"So, the books aren't balancing, huh?"

"So, where'd the cash to buy THAT, come from?"

I bought the HIGH tick of the morning on the SET 50

The daily is in an overall downtrend, and I shorted 926.30 shortly after the morning open.  Price moved in my direction about 2 points, then buying started about 925.00.  I am new to the SET 50 and while I almost covered at 925 due to seeing the strong buying at 925, the volume was insufficient.

My stop was at 927.50, which was a couple ticks higher than the previous swing high (5 minute chart).

I think all of about 5 contracts traded at 927.50.  One of them was mine.