Financial bloggers focused on the future of digital currency and it’s a golden tale. Tom Taulli, over on InvestorPlace has a great article entitled:
What to Do With Apple’s $76.2 Billion? Try iGold
Here is a clip:
Well, one idea is something I call iGold.
OK, here’s the concept: As budget deficits continue to balloon and the money supply has exploded, it seems inevitable that inflation will become a big problem. The result will be a depreciation of Apple’s cash balance.
But with iGold, the company would buy roughly 48 million ounces of gold and store it under the proposed location of the new Apple mega-campus in Cupertino, Calif. It would be a cutting-edge Fort Knox and represent a smart way to hedge against inflation.
What’s more, iGold could become the basis of Apple’s mobile currency. With millions of people using iPhones and iPads, there already is a pervasive distribution footprint to create a global monetary system. But with the backing of iGold, there certainly would be lots of confidence. It definitely would have a better chance than the shaky U.S. dollar.
Read the full article here.