> >E-Gold doesn't purchase gold. The discrepancy is from storage fees, > >accumulated over time. > > > >Craig > > Dear Craig, > > I never said e-gold. I said the e-gold trust.
Hello Tristan! I didn't mean to be so abrupt. However, the Trust does not purchase gold, either. The only entity that purchases gold is Omnipay, and the gold is reconciled with e-gold which is put into their account. Moreover, the balance sheet in the Examiner lists assets and liabilities of E-Gold LTD. I think it makes perfect sense. Assets = Liabilities + Equity. They're simply not listing their equity. I don't think there's any reason to speculate that there are other liabilities or assets that are not listed. E-Gold has said, on numerous occasions, that they have no bank accounts, (hence no additional assets), and that the gold is kept free from any liability, (which is quite clear that they mean a liability OTHER than the customers' accounts), so I don't understand why this is so hard to grasp. It can't be done any other way, under E-Gold's governance model. The gold is owned by E-Gold; it is not owned by the customers, but exists as a liability on their books. Sincerely, Craig --- 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.
