> SR does not have its own gold as you state in 
> your article, it has e-gold which it buys at a steep discount (because the
> owner of e-gold also has a equity ownership position in SR) - and then 
> re-issues the e-gold as SR gold.
> 
> Therefore SR is no more then a clone of e-gold, sure, SR has more features
> and more options available than e-gold - but, in the long run, as long as SR
> is simply "Re-named" e-gold they shouldn't tell everyone that they are 
> Completely Unique.
> 

This is a very interesting question and one which many may not really
undersand. Standard Reserve does not re-issue E-Gold. Rather, Standard
Reserve holds E-Gold as the asset backing Standard Gold. In doing this,
Standard Reserve has a far more liquid asset than E-Gold making it
possible to handle that asset in a different manner than E-Gold.

The unique-ness of Standard Gold is that its asset, in that it is "gold
money", can be held as money in its E-Gold account, or a portion of it
could be held as a security, and so on. This takes the world of "gold
money" a step further towards providing a wide range of financial services
to customers, including providing loans, paying interest where a person
elects to hold their value in an account where the asset can be loaned
etc.

Standard Gold is certainly related to E-Gold but it is not E-Gold under a
different name. The discount at which Standard Reserve buys gold is not as
deep as you may think. The future profits for Standard Reserve lie not in
the purchase price when it must obtain E-Gold, but rather in the services
it can provide once it has that E-Gold backing in place.

Standa Reserve is positioning itself to provide a wider range of services
than E-Gold can ever do simply because of the nature of Standard Gold as a
currency. On the other hand, E-Gold may be more attractive to some,
because of its 100% gold backing. It depends upon your perspective in the
future which "gold" you want to hold - one that has 100% gold backing, or
one that can give you a return on your gold holdings. The difference may
not be as apparent between the two now, but it will be soon.

Dr Elwyn Jenkins
The Gold Economy
www.goldeconomy.com
++


---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]

Reply via email to