> BTW, how many do believe that it would make Standard Gold even
> better if it would eventually accept GoldMoney as part of its a
> money base.
I've been thinking more and more about StandardGold, because it has confused
me. However, the more I think about it, the more I think there is a future
for it. However, I have been reluctant to buy it because I am unsure of
their asset base, and I don't see the need for an e-gold debit card which
costs about $10 a month.
If Standard Gold is going to back their currency with e-gold, then the risk
associated with placing value in Standard Gold is compounded with the risk
associated with e-gold. Should the e-gold servers suffer some unexpected
fate, then Standard Gold accounts will probably be frozen until e-gold is
back up and running. The advantage to sharing value between e-gold and
GoldMoney is that the risks are independent of each other and assets in one
location can be used to balance assets in the other location. Standard Gold
cannot be used to balance risk against e-gold because they use e-gold as an
underlying asset.
On the other hand, should Standard Gold diversify their assets, make them
public, and create an independent trust, then MY trust in Standard Gold will
go up immeasurably. Additionally, these things would go a long way to make
me a true believer in Standard Gold:
1) Issue the Debit Cards.
2) Allow me to write personal checks against my Standard Gold Account.
3) Provide an easy method to move value between E-Gold and Standard Reserve,
(even if a fee was involved, it needs to be immediate and automatic).
If Standard Gold had all of these things going for it, I would become a
believer.
Sincerely,
Craig Haynie
---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]
