I've been lurking here for a while and would like to correct an apparent misconception regarding the Gold Economy Article comparing currencies ( http://www.goldeconomy.com/compare.htm ). The text from the article was as follows: [Fractional Reserve E-gold and GoldMoney are both 100% gold-backed. However, e-gold allows and holds stock in companies that use e-gold as the basis for ractional reserve banking (DigiGold and Standard Reserve). Standard Reserve is presently 100% backed by e-gold, but has plans to pursue fractional reserve banking in the near future. GoldMoney is both 100% gold-backed and does not allow holders to use the currency as the basis for fractional reserve banking. Gold Money gets one star for being 100% gold-backed.] The article did not say anything negative about e-gold or Standard Reserve, it merely gave GoldMoney a star for apparently having the greatest committment to the concept of 100% backed currencies. Readers are free to decide for themselves whether they think it matters or not, as with all of the other criteria that were examined in the article. The goal of the article was to present factual information in a format that would allow readers to evaluate the currencies for their own needs, not to create controversy. Thanks, Ken Griffith www.goldeconomy.com --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
