On 5 Feb 2002, at 16:26, Ken Griffith wrote: > http://www.goldeconomy.com/article.php?sid=169
Hello Ken, I disagree with your conclusion that a goldgram is a claim on the total gold asset hold by the Goldmoney users. In law, there is such thing as "undivided property". Someone can have a title on part of a whole. This part does not need to be defined in other way than saying it is x% of the whole. The owners of an "undivided property" own a title not a claim. Many example exist of this time of ownership, especially in real estate. This is a law, at least here in Canada In other words, if I have 100 gg in my holding and there are 10000 gg in the vault. I own a 1% undivided in a quatitity of 10 kilos of gold. I am the owner of that quantity. Who cares in which bar it is? Claude Cormier Ormetal Inc. http://www.goldcurrencies.ca http://www.ormetal.com ============================================= Claude Cormier Public Key http://www.ormetal.com/keys/ClaudeCormier.asc ============================================= --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
