From: <[EMAIL PROTECTED]> > >(JP: Please at least read the end of this email. In spite of my initial > >argument, I believe I concede something that has been a real burr on your > >saddle.) > > Patrick, this is another classic Problem WIth Internet Discussions > exactly as I mentioned!
It's not a problem with Internet Discussions, it's a problem with any discussion among a group of people. That is just life; it's been happening for thousands of years; there is nothing new under the sun. > Can anyone type in English what the extra gold in the trust is? NO, nobody can because as you are so fond of pointing out, nobody knows. > >*** CONCESSION **** > > > >You know, it seems like the Trust could easily avoid this whole issue by > >simply holding these "other" liabilities IN E-GOLD ACCOUNTS. Just take the > >19,106.21 gg and divvy it up into some new accounts. Boom! Assets = > >Liabilities to e-gold account holders. > "Gee, you think so huh?" :) > > Patrick! You're a logical guy man: > > In your concession there and new theory for how e-gold related > entities should do their accounting: > > YOU ARE ASSUMING THAT YOU > KNOW WTF THAT EXTRA GOLD IS. No, I am not assuming that. IT IS A CONDITIONAL! I am saying that IF the extra gold is a liability to "other parties", THEN they can avoid the problem by opening new e-gold accounts. JP! There are only TWO possibilities man! The extra gold is EITHER a liability to other parties OR it is equity. THAT IS SIMPLE ALGEBRA AND ACCOUNTING. Again: IF IF IF IF IF the extra gold is a liability THEN they can avoid the problem by opening new e-gold accounts. Man, you have a great way of disagreeing with people even when they agree with you! ;-) > It may well have utterly nothing to do with what you're thinking. It > may well just be say some extrsa bullion that says "Jim" or "Douglas" > owns, and they generously loan it to the trust against "slop" > (accounting errors in programming) (I do exactly this for 1mdcGrams, > for instance). That's funny, as an example of something that has utterly nothing to do with what I'm thinking, you give ... an example of exactly what I'm thinking. JP! If the gold is indeed extra bullion that "Jim" or "Douglas" owns, then that is IN FACT a LIABILITY TO OTHER PARTIES on the balance sheet. And AGAIN, IF that is the case, they can avoid this accounting entry by simply having "Jim" or "Douglas" open up a freaking e-gold account. The ONLY other alternative is Equity. Period. It is either one of these two things, or a mixture of both: 1. Liability 2. Equity That's it. We don't know precisely what it is, but we DO KNOW it is one of those two things. So we DO have a clue, JP. We just don't have the ANSWER. > Seriously, you guys are infuriating. You're infuriating, JP, because we can't even AGREE with you and get a nod!!! :-) > Does Anyone Know What The Extra Gold Is? NO. NOBODY DOES. We only know that the extra gold is EITHER a liability to other parties OR equity of the Trust itself. I happen to doubt that it's equity of the Trust, leading me to ASSUME it's an "other liability". That is JUST SPECULATION, YES, but I think the odds are in my favor. > Seriously, you guys are mad - you're going mad, it's a sort of a > madness! Whaaaa! : ) They're not going mad, they're just speculating as to what the extra gold MIGHT BE. You're talking as if nobody should ever say anything until they're 100% sure. Well gee, with that attitude no scientists or detectives would ever get out of bed in the morning! > Does Anyone Know What The Extra Gold Is? NO. But it is EITHER a liability or equity. 1. IF it is a liability, THEN it is sloppy accounting which can be remedied with YOUR PROPOSED SOLUTION of opening new e-gold accounts. 2. IF it is equity of the Trust, THEN this also looks like something which can be remedied with your solution. THE ACTUAL ANSWER IS EITHER (1) or (2). And BOTH ALTERNATIVES can be remedied by simply balancing the books with new accounts as YOU DESCRIBE. JP! You've won! It doesn't matter WHAT the extra gold is! Either way it should be accounted differently. It could be Osama-bin-freakin-Laden's gold for Pete's sake. Have the bearded one put it in an e-gold account! > I give up! You give up because you won, OK? -- Patrick --- 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.
