Friday, July 27, 2007

Own but don't possess

What if you wanted to own something but did not need to actually have it in your possession? Maybe you can save energy and resources by not having it in your permission. The best example is of a bank that needs to have gold reserves in order to have assets and protect its currency, but actually it probably never needs that gold.

It could buy the land the gold is in, but save on actually extracting the gold. Just by knowing it owns the gold (which could be extracted if required) could be enough. An interesting idea indeed, that is applicable elsewhere.

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