Post
Topic
Board Announcements (Altcoins)
Re: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer
by
davisgreen
on 09/07/2014, 12:19:27 UTC
Guys, it's not a complicated concept.....

All it takes is one wealthy investor to buy 12,500 uro coins, use them to purchase 12,500 tons of urea and then sell that urea for a multi-million dollar profit.

What's the next thing that investor would do? Well obviously they would go rush to buy another 12,500 coins so that they could buy more urea and make another killing. But as they rush to buy coins, what happens to the price?

Then more investors become interested, and on and on....

It's not wishful thinking, economics 101.

Once things are established - i think 1 uro can go higher than the urea/ usd price as using uro will save in thousands of bank fee (which of course will get you more urea) and will reduce the time delay in clearance of funds internationally and stuff. Time=money

But for all this to happen, there need to be all the infrastructure and uro eco system in place where the actual users of urea have started purchasing urea with their uro certificates for their next season urea supply.