Dear Tristan, Very lucid argument. Just one problem: there is more than one 400 ounce bar worth of gold in discrepancy.
If your argument were the only explanation, one would expect not more than one 400 ounce bar "extra" gold to be in the trust. But, it has about 1.5 bars extra. I think the observation of Snowdog that the discrepancy changes when the storage fee is applied is a strong hint that the e-gold which is held in the e-gold account of e-gold, Ltd., is not treated as a liability, but is still backed by gold held by the trust. It all seems pretty much GAAP to me. Regards, Jim http://goldbarter.com/ --- 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.
