[e-gold-list] Re: e-gold-list digest: December 25, 2000
Subject: RE: Feds seized ee-biz-US--Right or Wrong???/Your wrong but you don't even know it!! From: Angela Kahealani [EMAIL PROTECTED] Date: Sun, 24 Dec 2000 18:54:57 -1000 X-Message-Number: 1 Sidd wrote: It is really sad that people who get taken for a ride by ponzi schemes like this blame the people around them instead of the perpetrators of the scheme. Ponzi schemes, when done by a government, are, therefore, 'seen' for what they are? Social Security SCAM? The Federal REserve Banking system using fractional reserve model is the ultimate ponzi scheme! May you agree and see this, moving ever away from such scams and moving ever toward honest systems: e-gold, off shore banking that is legit, banking outside the existing system, moving your monies away from SS and disavowing these systems. N --- 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: e-gold-list digest: December 25, 2000
Re: another way for Standard Reserve "e-gold "to market itself... I use e-gold, but still find it, after a year, a most expensive alternative. Now SR is talking about a minimum of over 3% to have $5,000! They give the example of moving monies from one country to another. After their cost and the money makers piece of the action, it still runs 5-10% to move money. Believe me, I HATE fiat currencies and what they represent as a way of stealing value from each and every person. But, the addiction of the existing banking system and moving monies can't be beat. For example, I can have any bank account with a debit card and move monies quickly and easily by having a card for me and my relative from the same account. It cost next to nothing to take money out! If I do this with an off shore bank and credit card, one issued to me and another to a relative, voila! If I am concerned with the access, I have one account in their name and one in mine! This saves me the 5-10 percent SR or e-gold or money maker charges. Why or why are they so expensive for a 'round-trip from one end of a transaction to the other?! Until the transaction cost drops into the very low percentage arena, this is a doomed competitor for moving monies. Noel --- 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: e-gold / SR ??
Now you are being very confusing. SR does not have its own gold. SR holds its assets in e-gold, which costs 1% per year. Metal Savings pays interest. If you are not going to store your gold, then why are you not holding your assets in Metal Savings or something else that does not cost you anything? --- Elwyn Jenkins [EMAIL PROTECTED] wrote: SR does not have its own gold as you state in your article, it has e-gold which it buys at a steep discount (because the owner of e-gold also has a equity ownership position in SR) - and then re-issues the e-gold as SR gold. Therefore SR is no more then a clone of e-gold, sure, SR has more features and more options available than e-gold - but, in the long run, as long as SR is simply "Re-named" e-gold they shouldn't tell everyone that they are Completely Unique. This is a very interesting question and one which many may not really undersand. Standard Reserve does not re-issue E-Gold. Rather, Standard Reserve holds E-Gold as the asset backing Standard Gold. In doing this, Standard Reserve has a far more liquid asset than E-Gold making it possible to handle that asset in a different manner than E-Gold. = Dagny Taggart __ Do You Yahoo!? Yahoo! Shopping - Thousands of Stores. Millions of Products. http://shopping.yahoo.com/ --- 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: e-gold / SR ??
If you are not going to store your gold, then why are you not holding your assets in Metal Savings or something else that does not cost you anything? Good Point. the 1% storage fee starts to become a killer when you have a large amount of gold in your account. SR maintains a reserve in e-gold for liquidity but sooner or later will probably invest a portion of the gold into Metal Savings or a similar institution to offset their costs. It goes back to one of my previous postings concerning the profit model for a currency. Khurram _ Get email for your site --- http://www.everyone.net --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
