The Gold Blog

It was not to long ago that some US paper currency was also known as “silver certificates”. You can still find these old bills in coin shops and printed right on them is “…In Silver Payable To The Bearer On Demand“. Here is a quick close up from an old $5 USD bill circa 1934.

However, the complex financial economies of today seem to have grown so large to continue a ‘silver backed’ tradition would simply be impossible.

Consequently, the US dollars of today are backed by the ‘full faith’ and strength of the US Government. This of course means that by April 15th of each year your ‘full faith’ check gets mailed into the IRS and strengthens our fine country.

At least…that’s how it was explained to all of us who rode the ’short’ yellow bus to school each day.

A few years back, along came an amazing creation called the ‘Internet’ and it has since then been changing the way we understand money and make payments.

The Internet provides such a variety of global payment solutions a retail store in Vietnam can sell a product and instantly receive payment from a local customer in Columbus, Ohio. Not only is the vendor assured to instantly receive his funds in local currency, but he is also guaranteed that the financial transaction will not be reversed or charged back.

This is ‘electronic money’ and its commonly called digital currency. Although the US greenbacks are no longer backed by silver, there is now a private digital currency which is backed by .999% fine silver.

This product is The Phoenix Dollar.

You can’t buy a Phoenix Dollar at any discounted price, each silver ounce sells at the exact daily spot price plus a small commission.

Digital Phoenix Dollars can be used online for instant transactions to pay others, buy or barter merchandise from vendors and generally set up various methods of online commerce. The transactions are non refundable (*1) and you have the full value of silver backing every dollar in your account.

The Phoenix Dollar web site was designed with so many additional features which improve the product’s marketability the The Phoenix Dollar and it’s users like to be known more as a community than just a domain.

Please read part two of this series to find out all the advantages of the Phoenix Dollar.

*(1) Spend Reversal Policy - Last Updated - 28 August 2005 The Phoenix Dollar will reverse a spend only on presentment of a valid court order requiring the funds to be reversed into the originator’s account.

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