[e-gold-list] Re: Visit Gold

[Colonel Bosco]

In theory it all sounds good and well. However the clearances required to even get close to where bullion repositories are located are stringent.

The extra clearances to get inside are even more stringent, at least so I am told.

I am sure that Via-Mat or Brinks or whomever would simply open their doors to any Joe Schmoe who shows up on their doorstep and says: Hey, I have an acct at E_gold that has about 25 grams in it (or if it's an acct at GMoney then you would be saying; "I have an acct at GM that has about 1/2 a gram in it") -- do you to terribly mind if I come in and browse around a bit because I want to make sure that you REALLY have my $255 worth of Gold in your Vault!

I have a pretty good feeling you would get your rear-end booted about as far as 1/2 dozen heavily armed Guards could throw you.

As far as I am concerned, if you don't trust the issuer than don't do business with them, period!!

All this crap about audits and such is because of SR and OSpyrite (a description I coined BTW) -- Two companies that had NO experience in the Precious Metals business and had NO business running a metals backed system!!

E-gold and GMoney require a minimum redemption of 400oz Bars -- take your 400 Oz's and tell them to ship you a Bar if you don't trust them.

E-Bullion is even easier to trust as far as I am concerned, because they don't limit you to 400oz Bars and you can redeem as little as a KiloBar.

IMHO if you have any questions about credibility then you should apply them to a Company that requires you to shell out over $120K to see the Gold!!

Here again it all reduces to the fact that if you don't trust them don't buy or sell their product! Period. If you think you can do a better job at it then build your own GBC and have at it! After browsing all the whining about GBC's on this list over the last Year or so I would think it would be more appealing to stick needles in my eyeballs!

JB






_________________________________________________________________
The new MSN 8: advanced junk mail protection and 2 months FREE* http://join.msn.com/?page=features/junkmail


---
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.