[e-gold-list] Re: e-gold / SR ??
Hi, Major Bosco brought up a very interesting question here and I would be very pleased if someone out there could enlighten me on this point.. Major Bosco... Uhh,, this sounds kind of like the e-metal version of the Banking fractional reserve deposit system? Does this mean that SR endorses forward selling and short selling of its asset (e-gold)? EJ in answer to Major Bosco currency. On the other hand, E-Gold may be more attractive to some, because of its 100% gold backing. It depends upon your perspective in the future which "gold" you want to hold So what is the answer here? Is the future of SR to be a "fractional reserve" system, backed at least in part by debt instruments? Is there anyone out there who can give an honest answer to this VERY important question? In another post, EJ stated: The difference lies in the fact that there is not always the necessity to back Standard Gold 100% with E-Gold -- it is possible that in the future Gold securities may form a certain percentage of that backing. So what EXACTLY is a "Gold Security" and added to that, what is the "Gold Certificate" that SR is offering. From the gold exchange web site http://www.e-gold-exchange.com/gift.asp we read: *** "The certificate entitles the recipient to ownership of the physical gold backing the certificate, which is stored safely in a vault by E-gold Limited Trust. Standard Reserve backs each digital gram of gold with e-gold, which is backed by actual metal in the vault." *** If this is true, then how does the statement earlier by EJ, "there is not always the necessity to back Standard Gold 100% with E-Gold" fit into the picture? Hope someone can help me out on this one. Best regards, Sidd. --- 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 ??
Sidd, In an ongoing discussion on this site you posed the following: If this is true, then how does the statement earlier by EJ, "there is not always the necessity to back Standard Gold 100% with E-Gold" fit into the picture? Hope someone can help me out on this one. Here is an answer but the more definitive answer will take more than the room we have here. In fact, I am writing a book which in the near future will casr much more light on the subject, and on the Gold Economy site I am planning and already writing some new articles to provide more answers in this arena. But a short answer to these questions is provided here. Currencies == The two currencies E-Gold and Standard Gold are both currencies that are based on "gold" in a "digital" form so that gold itself can be used as "cash". E-Gold and Standard Gold are not exactly the same thing. E-Gold is "digital gold" that is exactly as the E-Gold website states, "gold itself circulated electronically". Standard Gold on the other hand is not "gold itself circulated electronically". In fact it is "digital gold circulated electronically". This means that instead of holding actual gold as the backing for Standard Reserve holds "digital gold" as the backing for Standard Gold. This gives Standard Gold potential that is simply not available with E-Gold. The potential to use that digital gold backing to obtain growth of that asset and therefore to be able to pass that growth onto the people who hold that currency and to be able to sustain Standard Reserve into the future with profits. The Asset = So in having a more liquid asset being E-Gold for which there is a market, and there are people who earn their sole income in the form of E-Gold, and there are businesses that are now beginning to base their entire activies on gold, there is a market where those individuals and businesses may need capital to grow. Standard Reserve will be in that market providing capital from its asset backing. If you take a look at E-Gold's asset, it has been growing for the last four years and is a bulk of about $15m worth of gold or something of that size. Daily activities of the E-Gold currency do not call on that asset. Similarly, with Standard Gold's asset, it will grow, and over time it will have a bulk that is not called upon on a daily basis. This is the bulk of money that is in a liquid form that can be used to loan people and businesses so that earnings can be made and dividends paid to holders of the currency. The plan This cannot occur until we achieve two things: one, sufficient asset so as to have a meaningful amount to "invest" in some way, and two, a plan in place that ensures that the public's money is not at risk. We plan to introduce this in the following manner. We will not expose the entire currency to this risk -- and there is a risk here as in any loan activity. In time we will be offering a special account type that can be selected and only that gold backing those accounts will be used in this "factional banking" style. This is the opportunity fro Standard Reserve and of which you will be hearing more about as Standard Reserve grows. Further detail will be in a number of articles on The Gold Economy in the next few weeks. Look for them. The first of these will be appearing later today in about two hours from now. Dr Elwyn Jenkins The Gold Economy www.goldeconomy.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 ??
Is it just me or does anyone else get more confused as SR tries to answer what I thought was a fairly simple question? The response given below to the question gets more complex and confusing each time Mr Jenkins tries to answer it. Why does it take a book to do this? Also the whole operation is based in the US and according to a previous post, there are a number of people with very close connections to the government involved with SR. You are asked to give quite a bit of personal information in order to open an acct including a SS# all this makes me very suspicious and starts my mind asking lots of questions. B Pate --Original Message-- From: "Elwyn Jenkins" [EMAIL PROTECTED] To: e-gold Discussion [EMAIL PROTECTED] Sent: December 28, 2000 1:05:22 PM GMT Subject: [e-gold-list] Re: e-gold / SR ?? Sidd, In an ongoing discussion on this site you posed the following: If this is true, then how does the statement earlier by EJ, "there is not always the necessity to back Standard Gold 100% with E-Gold" fit into the picture? Hope someone can help me out on this one. Here is an answer but the more definitive answer will take more than the room we have here. In fact, I am writing a book which in the near future will casr much more light on the subject, and on the Gold Economy site I am planning and already writing some new articles to provide more answers in this arena. But a short answer to these questions is provided here. Currencies == The two currencies E-Gold and Standard Gold are both currencies that are based on "gold" in a "digital" form so that gold itself can be used as "cash". E-Gold and Standard Gold are not exactly the same thing. E-Gold is "digital gold" that is exactly as the E-Gold website states, "gold itself circulated electronically". Standard Gold on the other hand is not "gold itself circulated electronically". In fact it is "digital gold circulated electronically". This means that instead of holding actual gold as the backing for Standard Reserve holds "digital gold" as the backing for Standard Gold. This gives Standard Gold potential that is simply not available with E-Gold. The potential to use that digital gold backing to obtain growth of that asset and therefore to be able to pass that growth onto the people who hold that currency and to be able to sustain Standard Reserve into the future with profits. The Asset = So in having a more liquid asset being E-Gold for which there is a market, and there are people who earn their sole income in the form of E-Gold, and there are businesses that are now beginning to base their entire activies on gold, there is a market where those individuals and businesses may need capital to grow. Standard Reserve will be in that market providing capital from its asset backing. If you take a look at E-Gold's asset, it has been growing for the last four years and is a bulk of about $15m worth of gold or something of that size. Daily activities of the E-Gold currency do not call on that asset. Similarly, with Standard Gold's asset, it will grow, and over time it will have a bulk that is not called upon on a daily basis. This is the bulk of money that is in a liquid form that can be used to loan people and businesses so that earnings can be made and dividends paid to holders of the currency. The plan This cannot occur until we achieve two things: one, sufficient asset so as to have a meaningful amount to "invest" in some way, and two, a plan in place that ensures that the public's money is not at risk. We plan to introduce this in the following manner. We will not expose the entire currency to this risk -- and there is a risk here as in any loan activity. In time we will be offering a special account type that can be selected and only that gold backing those accounts will be used in this "factional banking" style. This is the opportunity fro Standard Reserve and of which you will be hearing more about as Standard Reserve grows. Further detail will be in a number of articles on The Gold Economy in the next few weeks. Look for them. The first of these will be appearing later today in about two hours from now. Dr Elwyn Jenkins The Gold Economy www.goldeconomy.com ++ --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Play for fun or for Real, Win Gold http://www.thegoldcasino.com/win.cgi?3202416 --- 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 ??
Is it just me or does anyone else get more confused as SR tries to answer what I thought was a fairly simple question? The response given below to the question gets more complex and confusing each time Mr Jenkins tries to answer it. Why does it take a book to do this? All he's saying is that SR plans to invest and/or loan out some of their underlying assets, from time to time, in the future, for a profit. If so, they will not be backed 100% by e-gold; rather their currency will be backed by e-gold AND other assets. 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: e-gold / SR ??
B Ray wrote: You are asked to give quite a bit of personal information in order to open an [SR] acct including a SS# all this makes me very suspicious and starts my mind asking lots of questions. The SS# requirement also stopped my application for their debit account. -- Regards, Dale Pond Delta Spectrum Research http://www.SVPvril.com Sympathetic Vibratory Physics Sacred Science - Sacred Life SVP Discussion Forum: http://www.egroups.com/list/svpvril/ --- 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 ??
At 10:41 AM 12/28/2000 -0500, B Ray wrote: Is it just me or does anyone else get more confused as SR tries to answer what I thought was a fairly simple question? The response given below to the question gets more complex and confusing each time Mr Jenkins tries to answer it. Why does it take a book to do this? I think Craig Haynie answered the question very simply. BTW, Elwyn did say he was writing a book, no? ;-). Also the whole operation is based in the US and according to a previous post, there are a number of people with very close connections to the government involved with SR. You are asked to give quite a bit of personal information in order to open an acct including a SS# all this makes me very suspicious and starts my mind asking lots of questions. B Pate There are two requirements for opening accounts at Standard Reserve: 1. You pay your fees 2. You are who you say you are. We are not an anonymous payment service. We are seriously focused on introducing a large number of merchants and consumers into this new payment system. Hence we need information that can be used to verify each applicant. As far as "a number of people with very close connections to the government" please tell me who they are? As the CEO of SR, I think I should know who these government operatives are, eh? George __ George Matyjewicz, Chief Executive Officer Standard Reserve Corp. -- Atlanta, GA Acct# 120018 Tel: 770-300-3070 Ext 2818 World Wide Currency for the World Wide Web http://www.standardreserve.com mailto:[EMAIL PROTECTED] --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Money Withheld Without Explanation
To date, I have two checks ordered to vendors that have not arrived after 10 days. I have called Omni-Pay several times, and there is always "no one available" to take my call, and the message space on their voice mail is too short to describe the problem without having them call to query me about my problem, thus adding to the time for resolution, a delaying tactic I suppose. This is my first experience with a service failure from Omni-Pay. Given that I other checks in the pipeline with Omni-Pay it may very well be my last. The primary purpose in using both E-gold and Omni-Pay is their "count-on-ability" which Omni-Pay no longer has with me. There is no indication that my account has been frozen, nor any indication of any other problem with the account, only a failure to keep their service agreement. Sam --- 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: egold sale
Am I the only one to whom the thought has occured that the large amounts of e-gold being sold by this source might be the loot from one or more of the many Ponzi scams? It is not as if there was much else (with the notable exception of the gambling sites) that anyone could be doing to generate a large, periodic income in e-gold in anxious need to be anonymously converted back to fiat 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: Money Withheld Without Explanation
On 28 Dec 2000, at 13:24, Privacy wrote: To date, I have two checks ordered to vendors that have not arrived after 10 days. Sam, 10 days is no big deal, especially in the busy period which are the holidays. Aren't you quick to jump to conclusions. Claude http://www.goldcurrencies.ca http://www.devises-or.ca --- 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: Money Withheld Without Explanation
At Thu, 28 Dec 2000 13:24:15 -0500, Privacy [EMAIL PROTECTED] wrote: To date, I have two checks ordered to vendors that have not arrived after 10 days. Salutations! U may be at the mercy of the postal system. The USSA postal system always bogs down this time of year with holidays and increased load due to the holidays. don http://www.world.std.com/~dr IMPORTANT NOTICE: If you are not using HushMail, this message could have been read easily by the many people who have access to your open personal email messages. Get your FREE, totally secure email address at http://www.hushmail.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: Money Withheld Without Explanation
To date, I have two checks ordered to vendors that have not arrived after 10 days. I have called Omni-Pay several times, and there is always "no one available" to take my call, and the message space on their voice mail is too short to describe the problem without having them call to query me about my problem, thus adding to the time for resolution, a delaying tactic I suppose. This is my first experience with a service failure from Omni-Pay. Given that I other checks in the pipeline with Omni-Pay it may very well be my last. I receive money orders from my customers every day. I have noticed several problems with some mail deliveries in both US Express Mail AND US Priority Mail since Thanksgiving. Whereas most mail from my customers has been arriving on time, which is about 2-3 business days for Priority Mail and overnight for Express Mail, there is a significant number of items that are being delayed for significant periods of time. In the past two weeks, I have received two priority mail items late by 7 business days, arriving after 11 days. The week before this also saw a couple of problems. In the remote past, I have seen payments late by over 14 days. The problem with ordering a check through a payment service, like OmniPay, is that you forfeit control over the check. If it's YOUR check, and mail is delayed, you can stop payment on the check and reissue it. If you TRUST your vendor, (like I trust my mortgage company), then you don't even have to stop payment on the first check before sending the follow-up check. However, Omnipay must do one thing before responding to a request to reissue the check: they must wait for a reasonable amount of time, like 2 or 3 weeks, to allow the postal service time to deliver the check. Then, they MUST stop payment on the check, (which will cost them money), and then they can reissue it. OmniPay does need to improve their customer service, but the problem that you're experiencing is most likely the primary fault of the postal service. 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: Money Withheld Without Explanation
Sam, I am sorry to hear of your experience with Omni-Pay. Due to their size, they are experiencing "growing pains" with their Customer Service approach. I would like to recommend that you consider trying one of the recognized Market Maker services listed on the e-gold directory page. Take a close look at Git-gold.com, GoldDirectory, GoldNow, GoldToday, GoldFinger Coin and Bullion, just to name a few. My service, Gaithman's Gold Exchange, Inc., is one of the recognized Market Makers as well. We provide complete Inexchange and Outexchange services with superior "count-on-ability". In fact, our goal is to provide Exceptional Customer Service "every click of the way" to our clients. Shop around and ask your friends and colleagues about the individual Market Maker services. I am confident you will find one that can suit your needs. Regardless of your decision, I wish you and yours a wonderful holiday! Respectfully, Eric Gaither, President Gaithman's Gold Exchange, Inc. http://businesses.msn.com/GEGE/ [EMAIL PROTECTED] (317) 788-8580 Voice - Original Message - From: Privacy [EMAIL PROTECTED] To: e-gold Discussion [EMAIL PROTECTED] Sent: Thursday, December 28, 2000 12:24 PM Subject: [e-gold-list] Money Withheld Without Explanation To date, I have two checks ordered to vendors that have not arrived after 10 days. I have called Omni-Pay several times, and there is always "no one available" to take my call, and the message space on their voice mail is too short to describe the problem without having them call to query me about my problem, thus adding to the time for resolution, a delaying tactic I suppose. This is my first experience with a service failure from Omni-Pay. Given that I other checks in the pipeline with Omni-Pay it may very well be my last. The primary purpose in using both E-gold and Omni-Pay is their "count-on-ability" which Omni-Pay no longer has with me. There is no indication that my account has been frozen, nor any indication of any other problem with the account, only a failure to keep their service agreement. Sam --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] --- 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 ??
At 10:41 AM 12/28/2000 -0500, B Ray wrote: Is it just me or does anyone else get more confused as SR tries to answer what I thought was a fairly simple question? The response given below to the question gets more complex and confusing each time Mr Jenkins tries to answer it. Why does it take a book to do this? I am sorry you are confused by the explanations. I forget that many people do not want to know the details. On the other hand, the simplicity to which we often try to reduce complex issues often makes things look like something that they are not. As one of the founders of Standard Reserve, there are directions I seek to take the company. Keep watching this space for simpler explanations as we go. Often creating the actual business is different to the theory. Let me take up the explanation of the theory in another location -- I will leave the description of the actual service as it is revealed in practical action. No a book is not necessary to explain this subject. It is a way to open the details to those who are interested some of whom may be reading this discussion group. For those who do not wish to see this, I will leave the explanations to that book. Elwyn Jenkins The Gold Economy Founder of Standard Reserve ++ --- 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 ??
Hi All, Now I'm getting the picture; SR will indeed ultimately have at least part of their service as a fractional reserve system. I gather from EJ's message that as a customer one will be able to "choose" whether one has an account which is 100% backed by e-gold or not. Craig Haynie wrote All he's saying is that SR plans to invest and/or loan out some of their underlying assets, from time to time, in the future, for a profit. If so, they will not be backed 100% by e-gold; rather their currency will be backed by e-gold AND other assets. and George wrote: I think Craig Haynie answered the question very simply. But I have to wonder about this. It sounds very much like Craig's last sentence should have read ".rather their currency will be partly backed by e-gold (or other assets) and the balance will be backed by DEBT instruments." Note that DEBT instruments may be considered "assets in accountancy terms" but are by no means REAL physical assets (as is gold or property) and carry at least a certain amount of risk. Also, Craig's comment "for a profit" should probably have read "...HOPEFULLY for a profit". Even the action of INVESTING some of the underlying assets carries risk. Imagine if a portion of the underlying assets were invested in the NASDAQ earlier this year! Please realise I am not trying to suggest that SR's business plan (as I understand it) is BAD, but I just wish to know EXACTLY what it is so that I can use their (promised) excellent services in the correct context. So far SR (at least in part) looks very much to me like a banking institution, and the fact that it uses a PDC instead of fiat currency makes very little difference. In a bank, the underlying currency is of absolutely no consequence, the system is just "numbers in ledgers". A bank is a bank and as long as SR is used with that in mind, it may indeed turn out to be a very GOOD bank. Regards, Sidd. --- 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: egold sale
While I don't agree with much of what the US government does, I do agree with much of what it is based upon. Namely, in this case, a person is innocent until proven guilty. Those are sentiments with which I agree entirely. Circumstantial evidence doesn't hold up in any court of law (that isn't corrupt). This is not a court. We are not required to cease thinking or speaking about things which we cannot prove in a court of law. 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: e-gold / SR ??
At the risk of appearing simplistic it looks like SR will be turning into a bank but with a gold standard rather than a paper currency backed system. I though were were going to get away from the banking system. Very soon perhaps we will hear the term fractional used and SR loaning out reserves on the basis of savings ie. loaning out 10 times the savings or loan recovered (yes you can't loan out gold you don't have i know - but the bank loan out money they don't have on the basis that the savings will never be pulled out). and yes my terminology is not very 'cultured' but I think you get the point. Seems me the profits from 'banking' can so enamour people as to be irrisistable, hence my previous argument that these businessses are not so altruistic as I first thought. Chucky that a = Original Message From "Craig Haynie" [EMAIL PROTECTED] = Is it just me or does anyone else get more confused as SR tries to answer what I thought was a fairly simple question? The response given below to the question gets more complex and confusing each time Mr Jenkins tries to answer it. Why does it take a book to do this? All he's saying is that SR plans to invest and/or loan out some of their underlying assets, from time to time, in the future, for a profit. If so, they will not be backed 100% by e-gold; rather their currency will be backed by e-gold AND other assets. Craig --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] - Powered by http://www.telstra.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: Money Withheld Without Explanation
To date, I have two checks ordered to vendors that have not arrived after 10 days. Hello, You may want to try Pay By Gold, similar to OmniPay, you can send a check to any where in the world, but at half the cost. www.paybygold.com 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]
[e-gold-list] Negative Balances
On the public balance page there is one account with a balance of negative 7.7 oz of silver. I wonder how many other accounts with negative balances there are and how that is reflected on the examiner. I only explanation I can come up with that would explain a negative balance would be the storage fee. Once a month the e-gold accounts get charged a 1/12% storage fee for the average balance they maintained over the past month. So a person who has a large balance of metal in their account can spend from their account to another one of their own accounts and bypass the storage fee. The metal gets sent to a new account and the old one gets hit with a storage fee. Since the old account now has a 0 balance, after the storage fee it comes down to negative. However, when examiner totals up the amount of metal in circulation, the negative 7 ounces, for example, get crossed out by 7 positive ounces. This results in the examiner showing 7 ounces less in circulation then there actually is. All of a sudden, there can be 7 less ounces of physical metal in reserve then there is e-metal in circulation. It would be interesting to see how much negative metal in circulation there actually is. Khurram Khan _ 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]
[e-gold-list] Re: egold sale
one or more of the many Ponzi scams? It is not as if there was much else (with the notable exception of the gambling sites) that anyone could be doing to generate a large, periodic income in e-gold in anxious need to be anonymously converted back to fiat money. While I don't agree with much of what the US government does, I do agree with much of what it is based upon. Namely, in this case, a person is innocent until proven guilty. Circumstantial evidence doesn't hold up in any court of law (that isn't corrupt). Viking Coder Carefull you just called the Australian government corrupt ;) We have this wonderful law that allows assets to be frozen on suspicion then when found innocent in court you are given 28 days to explain where all your money came from. if you can not justify it, they take what seems to be excessive then unfreeze the rest. I wonder how successful they would be in tracking down all e-gold related accounts and getting them frozen? cya,Andrew... --- 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 ??
Seems me the profits from 'banking' can so enamour people as to be irrisistable, hence my previous argument that these businessses are not so altruistic as I first thought. Chucky Whoever said that e-gold, SR, any of the market makers, etc... were altruistic? They are business entities running under a capitalistic system. Altruism is not what running a business about, unless you are a charity. Viking Coder --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] DON'T read this if you're satisfied with...
Dear e-gold friends, Have you ever been completely *dissatisfied* and *angry* about your current webhosting company? Personally, I can't even begin to think about the *huge* number of visitors and sales I have *lost* over the course of my online business life... due to slow and inefficient connections, outdated web design, and technical web hosting problems. How about you? If you ask me, it's time that you *stop* losing visitors and sales, and *start* making the money you deserve! So what if I told you that you can... * Turn your current weaknesses into invincible strengths! * Get a new design for your website with all the "bells and whistles"! * Upgrade to the next level of professional Internet backbone hosting! ...and all that *without* the costs normally associated with doing so? UNIQUE OFFER TO TAKE CONTROL OF YOUR ONLINE SUCCESS ABC-Host.com, a major backbone webhosting company, has designed two irresistible and very affordable Special Holiday Offers. They've decided to make these offers available *exclusively* to you as an e-gold user. What's more, they *only* accept e-gold as payment! And the best thing? You can get started right away! ABC-Host.com's representatives, designers and programmers are standing by to help you turn your site into the amazing success story it deserves to be. They're working every day, even on holidays, and offer professional 24/7 support by ICQ and email. Why not take advantage of this unique chance? * Reclaim control over your online success! * Turn things around and celebrate the New Year with a decidedly unfair advantage over your competitors! * Achieve a level of speed you have to experience to be able to believe it! I urge you to check out the *full* details at: http://abc-host.com/e-gold.html "Time Limited Offer! 100% Satisfaction Money-Back Guarantee" You have nothing to lose, and everything to gain! Click here now: http://abc-host.com/e-gold.html Best Wishes - and Happy New Year! Howard McEntyre ABC-Host.com - "The Place Where Three Backbones Meet." ___ Sent via Fetchmail - free email service at http://www.fetchmail.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: BUY ANYTHING ONLINE WITH e-gold
[EMAIL PROTECTED] wrote: At 08:33 AM 12/27/2000 +1100, David Hillary wrote: why doesn't some enterprising person set up a business out-exchannging e-gold directly with online retailers and negotiate discounts with retailers based on a secure and guaranteed prompt payment and the additional business it would bring the retailers? *wave* http://www.bananagold.com unfortunately, Amazon just won't even think about discounting unless you spend vast amounts of money per year (millions). (Quite reasonably, considering they are teetering on the edge of bankruptcy.) As far as I'm aware, amazon.com is the only realistic online retailer (are there any others that do serious business?) Banana gold is really just set up as a charity to promote egold. It is unconceivable it could ever recover development costs. A very complex little robot! I notice BANANAGOLD is popular with Aussies and New Zealanders lately! Rock on! Enjoy it! I sell Cable and Wireless Optus telecommunications/ cable tv/ cable internet products door to door for a living in Sydney, Australia, and our dial-up ISPs come, not only with a free line rental on your Optus landline, but with a full refund of the monthly fee in vouchers which can be spent at selected online retailers (this offer has expired though). The only way this could have been anything like viable is for the online retailers to give discounts to Optus and commissions on additional purchases by consumers. Consumers have to pay for the ISP by credit card, so, the consumers are capable of buying additional products online with their credit cards. It would not take mauch to provide e-gold users with a substantial benefit in their online purchasing. Say, a 5% discount and 3% from the better security and speed of settlement and lower fees would add up to enough to cover in-exchange costs and make it more efficient. Factor in falling ine-exchange costs and rising e-gold user base and this type of business would seem very viable. If the business can get adequate discounts, this can offset in-exchange costs of e-gold users, making e-gold much more viable for users. It would also increase the number of goods and services e-gold could purchase and therefore the viability of using e-gold. What a great idea. Lower per transaction fees, plus immediate settlement of accounts. George __ George Matyjewicz, Chief Executive Officer Standard Reserve Corp. -- Atlanta, GA Acct# 120018 Tel: 770-300-3070 Ext 2818 World Wide Currency for the World Wide Web http://www.standardreserve.com mailto:[EMAIL PROTECTED] --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Flat Rate Gold Exchange
On 11-29-00 I wired a sizeable amount of money to Flat Rate Gold for deposit into my E-Gold acct. The next day there was a service message on their site stating there had been money orders totaling over $250k returned as fraudulent, resulting in a mandatory 30 day hold on all incoming wires, etc. to their bank. I received mail from them on 12-8-00 stating they would post a list of customers who's funds were being held, but there has not been a list, and no response to inquiries. Does any one know anything about this. Can we rely on flat Rate Gold's word, and is there any way to check this out since they are not communicating? Help would be so very much appreciated. Also, is there any sure way to fund E-Gold, with no risk of loosing funds before it even gets to E-Gold? Ann --- 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 ??
At 10:39 AM 12/29/2000 +1300, Sidd wrote: Please realise I am not trying to suggest that SR's business plan (as I understand it) is BAD, but I just wish to know EXACTLY what it is so that I can use their (promised) excellent services in the correct context. So far SR (at least in part) looks very much to me like a banking institution, and the fact that it uses a PDC instead of fiat currency makes very little difference. In a bank, the underlying currency is of absolutely no consequence, the system is just "numbers in ledgers". A bank is a bank and as long as SR is used with that in mind, it may indeed turn out to be a very GOOD bank. Our business plan does not call for any investing of funds at least not in the foreseeable future. However, we do not want to be prevented from investing assets at a later date, if it seems profitable and practical to do. We are not a bank. Our debit cards were clearly checked by banking authorities who agree they are stored value cards, and do not fall under banking regulations. Therefore we are not a bank. Our business plan calls for us to acquire many merchants who will accept Standard Currency, initially online, and later offline. With pin-based stored value cards that can be processed through POS devices, offline is not as difficult as it may appear. We have four type of agents: 1. Infrastructure Agent - who has links to the banking systems in a particular country or region. These agents must also have IT capabilities. 2. Exchange Agents - who serve a similar function as market makers with e-Gold - they exchange funds to Standard Currency. 3. Customer Acquisition Agents - who acquire customers for any of our products, who are then passed on to exchange agents for conversion of funds. 4. Merchant Acquisition Agents - who acquire merchants. Obviously there are commission or wholesale pricing structures associated with each of these agent types. Initially we will deal with consumers looking to transact business using gold-based transactions. Then we go on to folks who work in a country (i.e., U.S.) and have to send money back home (i.e., Mexico, China, India, etc). For them, our debit card process works very well. After that we go to a micro-payment process, i.e., payment for goods or services on a time-based or content-based basis. For example, an online advisor may charge you for advise on a time basis. Or a newspaper (i.e., NY Times, WSJ) may charge you for page views. Our major emphasis eventually will be the entire retail supply chain, i.e., payment processing from consumer, to retailer, to wholesaler, to importer, to manufacturer. And, yes our support is excellent. At least that's what our customers and agents are telling us. Comments regarding the speed of response, or the fact that they can actually speak to a live person on a telephone, or the knowledge of our support group. I think our VP/Controller says it all very clearly - "We Care!" I hope that answers your questions. And I truly appreciate your comments, as perceptions of what we are all about are critical for us to understand. As I always tell folks - "perceptions are often reality." If we can manage perceptions, we will be very successful. Let me know if there are any other questions. George __ George Matyjewicz, Chief Executive Officer Standard Reserve Corp. -- Atlanta, GA Acct# 120018 Tel: 770-300-3070 Ext 2818 World Wide Currency for the World Wide Web http://www.standardreserve.com mailto:[EMAIL PROTECTED] --- 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: BUY ANYTHING ONLINE WITH e-gold
At 06:15 PM 12/28/2000 +1100, David Hillary wrote: I sell Cable and Wireless Optus telecommunications/ cable tv/ cable internet products door to door for a living in Sydney, Australia, and our dial-up ISPs come, not only with a free line rental on your Optus landline, but with a full refund of the monthly fee in vouchers which can be spent at selected online retailers (this offer has expired though). The only way this could have been anything like viable is for the online retailers to give discounts to Optus and commissions on additional purchases by consumers. Consumers have to pay for the ISP by credit card, so, the consumers are capable of buying additional products online with their credit cards. It would not take mauch to provide e-gold users with a substantial benefit in their online purchasing. Say, a 5% discount and 3% from the better security and speed of settlement and lower fees would add up to enough to cover in-exchange costs and make it more efficient. Factor in falling ine-exchange costs and rising e-gold user base and this type of business would seem very viable. You're probably right. In the US, retailers face something known as "shrink" which represents 3-5% of their total business. Shrink is losses, i.e., fraud, theft, etc. The incorporate a lot of safeguards to protect their inventory, i.e. tags on merchandise, guards, etc. But not much is done about fraud or losses because of bad payments. The do verify cards and checks through services. But they also get stung quite a bit. Add to that the value of money and what it costs to fund an operation, i.e., credit card transaction charges, interest on inventory financing, factoring costs, etc. The costs could easily be 3-5%. So, yes, they should be able to pass savings on to customers, or pocket the extra savings to make up for the losses in other areas. So, do you want to sign up to become a Standard Reserve Merchant Acquisition agent? ;-). George __ George Matyjewicz, Chief Executive Officer Standard Reserve Corp. -- Atlanta, GA Acct# 120018 Tel: 770-300-3070 Ext 2818 World Wide Currency for the World Wide Web http://www.standardreserve.com mailto:[EMAIL PROTECTED] --- 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 ??
Sidd So the question is: Is there a possibility that in the future Standard Reserve currency will at least in part be backed by DEBT instruments or investments other than e-gold? YES. But always instruments denominated in Gold. The express purpose of establishing SR to have a liquid asset was to provide a means of future profitable operations. SR was created through a conversation between myself and Doug Jackson over several months. Both Doug and I see our current mode of operation as being very expensive and not highly profitable. SR was established to exploit the possibilities of a liquid gold asset being available for creating other gold denominated assets. Have we got it in our business plan for 2001? NO. When is it intended to be done? When it makes business sense to offer a product or range of services based on this activity. Elwyn Jenkins The Gold Economy ++ --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
