Mar 16, 2009

A real gold coin from a cybercountry

At times of world economic crisis Wirtland wants to offer useful economic instruments to citizens, addressing the problem of personal savings' safety. It is central in most countries today, when the future of national currencies - even those which used to be the most stable yesterday - is unclear and shaky. There are just a few options how to preserve savings, and even fewer in case your sum is not very large. One of logical solutions is purchasing gold. It's not surprising that, according to Reuters, "Mints around the world say demand for gold coins has risen sharply as interest in the precious metal soars on the back of financial instability and concerns over the inflation outlook... The chairman of the French Mint, Christophe Beaux, said sales roughly doubled last year in value terms and are expected to rise by another 50 percent this year. The 2009 catalog the mint had produced was almost entirely pre-sold, he said."

Wirtland found an interesting solution within the limited choice of options it possesses being an unrecognized cybercountry. Wirtland plans to mint its own gold coin. The quality and weight of gold will be guaranteed, so the new coin will meet the demands of people, who will be able to use it as an investment tool. Formally, Wirtland's coin will have status similar to collectible or commemorative coins and medals. Wirtland has an agreement with a private producer of such objects, who is ready to mint the coins according to Wirtland's design and requirements, and sell them online. Wirtland opened contests for the best design and name of the coin, and a poll to define optimal weight/price of the coin. Once the price is established, Wirtland will start accepting advance orders for the new coin.

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