[e-gold-list] Re: Scam postings...question
Concerning the nature of OSGold... It seems that OSGold is aimed at serving various scams and their customers. It is good that these people have some other place to go rather than e-gold so that the development of e-gold is not distorted by their activities. 2) They don't describe how they are holding the gold in reserve, other than in vague generalities. Quite possibly they don't have any gold. And for their purposes it probably does not matter if they don't care about sound money. What their customers do need is just an untraceable way to quickly transfer ordinary money so that the scamsters can get away with their loot. The gold part of e-gold is not what made e-gold useful to the scamsters. they said that they handle about 40,000 transactions a week, and several inconsistencies come up: 1) It took E-Gold 5 years to reach 40,000 transactions a week, but only seems to have taken OSGold 2 months; I don't find this implausible as the two cases are not the same. A substantial number of scammees were already using e-gold and they conducted a large volume of transactions. A large part of this accumulated group could have just moved to OSGold; no need for slowly attracting customers like e-gold. Why is it that E-Gold has not experienced a noticeable drop in its weekly transactions during the past couple of months when OSGold has reportedly picked up so many; That is a good question. Note however that e-gold's velocity IS MUCH lower than than it was last fall when a number of scams were in their growth phases. Perhaps there are new scams running on OSGold now and e-gold is no longer being yo-yoed by them. And the e-gold volume is a bit lower now. Maybe healthier growth has made up for some of the lost scammers. I'd also point out that e-gold's reserves have hardly budged (and have some large decreases at times) in the last 5 months; this is quite a change from last year. However, if OSGold had that kind of money, I would not discount the likelyhood that OSGold has substantial capital: the scams obviously get away with a lot of money. CCS --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: Scam postings...question
Why is everyone so afraid of OSGoldit seems to be a valid way to exchange funds ... new as it is they seem to not have missed a beat.. E-gold was new at one time also. What is the deal...please explain in plain english as I really want to understand here. Several red flags: 1) No one knows who they are; meaning that they are not known in gold-bug circles. 2) They don't describe how they are holding the gold in reserve, other than in vague generalities. 3) They make wild claims, like the one where they said that each account was backed by 150% in gold. Combine this statement with another statement where they said that they handle about 40,000 transactions a week, and several inconsistencies come up: 1) It took E-Gold 5 years to reach 40,000 transactions a week, but only seems to have taken OSGold 2 months; 2) Why is it that E-Gold has not experienced a noticeable drop in its weekly transactions during the past couple of months when OSGold has reportedly picked up so many; 3) E-Gold does about 40,000 transactions a week now, with about $12,000,000 in reserve. If OSGold has a similar amount in reserve, then they would need about $18,000,000 in reserve to be backed 150%. If they have this much gold, then someone would have had to have put up $6,000,000 in investment capital. However, if OSGold had that kind of money, we would have heard about them long ago. So, it's highly unlikely that they are backed by 150% in gold, and that they turn-over anything near 40,000 transactions per week. 4) They openly promote 'investment programs' based on pyramid schemes. These are scams because they don't openly tell those to whom they promote these 'programs', how they operate. All of these programs are doomed to fail because they return invested capital as income to previous participants. For the speculation to stop, OSGold will have to become more open about how they operate, and will have to perform an open, independent, audit. Craig --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: Scam postings...question
Why is everyone so afraid of OSGoldit seems to be a valid way to exchange funds ... new as it is they seem to not have missed a beat.. E-gold was new at one time also. What is the deal...please explain in plain english as I really want to understand here. Joyce Marie --- Ben Legume [EMAIL PROTECTED] wrote: I originally wrote Yeah, sure, OSGold is the place to put your e-gold. What a scam. If there was any doubts over the honesty (or at least honor) of those running/promoting OSGold, this settles it for me. Strangely, my e-gold account hasn't been touched. Hello Ben, 'They' responded So, you question the honor and honesty of OSGold based on our account holders writings and advertisements. This is odd, as it would bring into play the following: If OSGold is to be attacked or have their honor questioned because of what account holders choose to write to their groups: E-gold is directly responsible for: 1) The scams that have taken place by their account holders 2) The people who have lost money to market makers who scammed them Please advise me (and other members of the e-gold list) what scams e- gold is responsible for, I'm sure there are an army of attorneys who would like to hear this. Similarly if there are any ties (other than usual business to business relationships) between E-Gold and the market makers who appear to have disappeared, please provide some proof (or even a clear allegation). New Books at Discount Prices --- Send the right message --- + Today freemail + Get your free, private email address at http://www.today.com.au --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] = The Gold Casino! http://www.thegoldcasino.com/win.cgi?7102413 Find something you love to do and you will never have to work another day in your life. -- Harvey MacKay __ Do You Yahoo!? Yahoo! Auctions - buy the things you want at great prices http://auctions.yahoo.com/ --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
