> This is one issue that bothers me -- the statement that e-gold is > 100% backed by gold? This seems improbable to me because; > > 1) The only assurance we have that there is real metal backing is the > examiner page -- which is administered by e-gold personnel only (guess you > just have to believe!) On the spur of the moment few months ago during the Indian River Summit, I bought ~50 silver maple leafs that they produced minutes after I made the request. > 3)If e-gold were 100% backed by metal -- how could e-gold possibly have > enough liquidity cash to handle the daily outexchanging and conversion of > metal to fiat currency (without selling and buying metal daily -- and this > obviously is not done since the numbers on the examiner page would fluctuate > in proportion). If the examiner were true to form -- e-gold would have to > have a section listing the amount of cash held in reserve also - and they > do not. Good mind for detail! ~6 months ago they had more stats on the stats page that, if I have it right, showed the exact amount in the e-gold system (fluctuated with in & out exchanges) and the total amount held by G&SR (pretty static) - the original exchange provider. I think now they just show the latter to reduce load on the server and all the numbers might have been confusing. --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
