Archive for April, 2010

Digital Gold Currency and the Establishment of Sovereign DGC Systems.

David Knox Barker, founder of Long Wave Dynamics, LLC, was recently interviewed by Clif Droke of the Gold & Silver Stock Report and he spoke extensively on digital gold currencies and their role in the future world monetary system. The most interesting aspect for readers of The Monetary Future revolves around the notion of sovereign players entering the digital gold currency market alongside the private digital gold currency banks. Barker states:

“All of a sudden for the first time in 20 years the central banks aren’t sellers of gold. I think we’re in a window here where gold is effectively the world’s second reserve currency. It’s not acknowledged publicly and people aren’t aware of it but I believe gold is the second reserve currency behind the dollar. Depending on what government policy does will depend on whether gold becomes more dominant. I think fiat currencies are here to stay but what most people have not yet recognized – James Turk has recognized it; he’s the founder of GoldMoney.com – is that during the next long wave advance gold will become even more important. [Turk] has created a new currency based on gold. If you combine the data system of the Internet with gold and with secure vault storage in Switzerland or London, Digital Gold Currency has the potential to become huge. Right now you can open an account with DGC at any given time and you can move in and out into other currencies into your gold account. It’s coming.

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