[e-gold-list] James Turk
From the GATA Discussion Board http://groups.yahoo.com/group/gata/message/710 ** James Turk to speak at GATA Africa Gold Summit By Bill Murphy, Chairman Gold Anti-Trust Action Committee Inc. March 10, 2001 The Gold Anti-Trust Action Committee is pleased to announce that James Turk will be one of the speakers at the GATA Africa Gold Summit in Durban, South Africa, on May 10, 2001. The summit will be held at the Durban Hilton Hotel and the Durban Conference Center. James joins Reg Howe, Frank Veneroso, and me as speakers. Announcements will be made in the near future about other speakers. In 10 days invitations will go out to African mining ministers, gold producers, South African political, business, and mining union leaders, and the world press. The summit's agenda will be to expose the manipulation of the gold market and to offer an action plan to end it. James Turk's "Smoking Gun" essay was included in the material I distributed during my journey through South Africa last month. It also was sent to Lawrence Lindsey, economic adviser to President Bush. It may be what prompted Lindsey's response to GATA. James Turk is the managing director and founder of GoldMoney.com, an electronic currency used in ecommerce, which is the result of U.S. patents awarded to him in September 1997 and June 1999. He has specialized in international banking, finance, and investments since graduating in 1969 from George Washington University with a B.A. degree in international economics. He began his business career with Chase Manhattan Bank (now J.P. Morgan Chase) and had assignments in Thailand, the Philippines, and Hong Kong. In 1980 he joined RTB Inc., the private investment and trading company of a prominent precious metals trader. He moved to the United Arab Emirates in December 1983 to be manager of the commodities department of the Abu Dhabi Investment Authority. In this position he was responsible for developing and implementing the investment strategies for the authority's portfolio of precious metals. Since resigning that position in March 1987, he has been chief executive of Greenfield Associates, a firm he established in 1985 to publish his work and to provide investment research and trading advice. James is the author of "The Illusions of Prosperity" (1985), "Social Security: Lies, Myths and Reality" (1992), and several monographs on money and banking. He writes The Freemarket Gold Money Report, an investment newsletter he began in 1987. -END- Kind regards, [EMAIL PROTECTED] http://www.gold-today.com Sign up with e-gold today and get grams of e-gold here. https://www.e-gold.com/newacct/newaccount.asp?cid=129542 subscribe to the gold-today discussion group at http://groups.yahoo.com/group/goldtoday --- 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: Parker Bradley raided by the feds?
That's a fairly major rumour Steve! Where did you get it from? how do we get more info? Spill the beans I just heard that Parker Bradley's home was raided by a platoon of U.S. federal agents, that all of his belongings were bagged and removed as "evidence", and that during his subsequent interrogation they tried to lead him to implicate e-gold itself as involved in credit card fraud. But I didn't hear it from Parker. Has anyone heard from him recently? Is he okay? --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] problem
http://www.e-gold.com/stats.html note the "Balance Distribution of Funded Accounts" section. THis is really no good any more guys ... you need to go 0 to 0.10 0.10 to 1.00 1.00 to 10 .. etc ie, it's of little value, nowadays, just saying "0 to 1.00" You're success has caught up with you guys! Move with the times!! :) JP! --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] nettime FW: Money a Waste, Economists Conclude
Note the date on Mr. Sterling's dispatch, before you jump on Google. It seems that Bruce has read Gene Fama, circa 1982 or so... Cheers, RAH --- begin forwarded text Date: Tue, 13 Mar 2001 09:12:11 -0600 Subject: nettime FW: Money a Waste, Economists Conclude From: "Bruce Sterling" [EMAIL PROTECTED] To: [EMAIL PROTECTED] Sender: [EMAIL PROTECTED] Reply-To: "Bruce Sterling" [EMAIL PROTECTED] -- From: [EMAIL PROTECTED] To: [EMAIL PROTECTED] Subject: Money a Waste, Economists Conclude Date: Sun, Mar 11, 2001, 10:31 AM September 21, 2084 Money a Waste, Economists Conclude WASHINGTON DC--A special research committee convened by the U. S. Treasury Department, and including officials and economists from the General Accounting Office and Federal Reserve Board, released on Thursday its "Final Report on the Role of Money in the Economy," concluding that "money is currently the single greatest source of inefficiency in the exchange of services and goods," and recommending that Congress "take steps to phase out the public use of the U. S. Dollar." U. S. Treasury Secretary Frieda Bootle welcomed the report, and simultaneously announced a proposed 23 step phase-out schedule for the beloved currency: "We're pleased that the Committee has come to the same conclusion that a number of us have reached privately in recent years, and we're prepared to take concrete steps to increase the efficiency and effectiveness of the U. S. economy." Pointing to recent developments in valuation, bargaining, and proxy technologies, the Committee concluded that "alternatives of considerably greater efficiency and lesser transaction costs" could save a dollar-less economy up to 14.7 trillion dollars annually, including the costs of maintaining dollar-oriented accounting and financial systems. Discussing the potential savings, Secretary Bootle noted that "it is not entirely specious to say that, by eliminating the dollar, we will be saving, on an annual basis, the total number of dollars exchanged in a given year." The majority of the currency alternatives cited by the Committee are based on a computational technology known as an "eigenutil." Eigenutils are dynamic, compressed descriptions of individual "utility functions" the function which translates an individual's needs and desires into comparative valuations of the goods and services offered in the marketplace. Because eigenutils are computationally describable, they can be easily exchanged and compared over computer networks, enabling frictionless barter transactions of unprecedented complexity and efficiency. "Money was always a dumb technology," exclaims MIT economist Professor Jessup Hare. "A useful technology, but a dumb one nevertheless. An eigenutil economy is orders of magnitude more subtle in its ability to capture and fulfill the needs of actors in a market. Translating my needs into a dollar figure was always reductive. Sure, it was easier than bartering at every step, but that increased efficiency came at the cost. With eigenutils, we no longer have to make that trade-off." Using eigenutils, bartering bots and software proxies can automatically and efficiently negotiate the direct exchange of goods, including value exchanges between employers and employees. Instead of receiving money in exchange for labor, employees will, likely, receive a negotiated bundle of goods and services, which she can in turn barter for others in the open market. "At last, all goods in the market will be accurately valued," notes Professor Hare, "and value will flow freely throughout the economy. The real difficulty with money was that it created an inefficient meta-need: the need for money itself. Resources were often expended solely for the purpose of accumulating money, which, in itself, is largely worthless." Among concerns about the move to a dollar-less economy are objections to the Treasury Department's proposal to privatize the dollar as part of the phase-out process. "First, let me say that, during this transition period, it makes sense for us to get some value out of the dollar by spinning it off," explained Secretary Bootle. "And we won't spin it off until it clearly no longer has monopoly power over the valuation market." Additional concerns about the impact of the plan on the consumer savings rate will be addressed by "the development of futures bartering and related transactions," notes Bootle. "This will be a brave, new economy, fueled by incredible technical solutions. The Fed, for instance, will be able to influence the economy directly by tweaking the eigenutil infrastructure. Once valuation technologies get smarter, so will our policies." You have received this story as a subscriber to futurefeedforward. For more stories, visit our archive at http://futurefeedforward.com/archive2.mv For a history of the future, visit our timeline at http://futurefeedforward.com/timeline2.mv To
[e-gold-list] Japan
by William Anderson Japan was once an economic powerhouse, feared by the U.S., but Keynesian-style macroeconomic planning led to its undoing. (03/12/01) http://www.mises.org/fullstory.asp?control=626FS=What+Happened+to+Japan%3F --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] GoldSpender
Greetings! Don't forget GoldSpender. We offer MoneyGram Express funding. MG Express' fee is only $4.95 not depending on amount you transfer. www.goldspender.com Regards, Pavel --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] PR: Recent Intertrader and Systemics alliance brings forth digital dollar from Hansa Bank
[Note from Rachel: this is based on the same technology as DigiGold] PRESS RELEASE FOR IMMEDIATE RELEASE Edinburgh (UK), Anguilla (British West Indies), 15th March 2001: RECENT INTERTRADER AND SYSTEMICS ALLIANCE BRINGS FORTH DIGITAL DOLLAR FROM HANSA BANK Rachel Willmer, CEO of Intertrader Ltd (Edinburgh, UK), today became the first purchaser of the new digital dollar issued by Hansa Bank (Anguilla, British West Indies). This event marks the launch of the first online dollar to be based on Systemics' Ricardo system, which is soon to be launched as a fully supported payment method within the Intertrader CashBox payment management system. Hansa Bank is the only offshore bank in Anguilla, a noted centre for financial cryptography. Hansa has been a consistent supporter of the conferences of the same name, held annually in the Caribbean. The Hansa Bank dollar is backed 100% by dollars held in a reserve account at Hansa Bank, constructed in this way to eliminate financial and credit risks. For every digital dollar issued, the Ricardian contract requires the reserves to match that with a dollar on account at the bank. "This adds no risk to the bank's operations," said Lynwood Bell, Chairman of Hansa Bank and Hansa.net Global Commerce, Inc. "Holding reserves that are one to one with the issued instrument does more to reduce systemic risk in financial systems than any other innovation." Lynwood Bell went on to say: "This represents an important step forward in the field of online payments. Hansa Bank and Hansa.net Global Commerce, Inc. are dedicated to incubating and accelerating technology in new microfinance and digital trading fields. Having digital dollars will add an important trading facility in many B2B applications." Rachel Willmer, CEO of Intertrader (Edinburgh, UK), said "I am delighted that the 'Hansa Bank dollar' is now a reality. The CashBox suite of supported payment instruments will soon be enlarged to offer the dollar and other Ricardian contracts, alongside Mondex and e-gold, to enable easy usage of digital dollars in the online retail sector." Ian Grigg, CEO of Systemics, added: "Anguilla is a 'technology campus' for innovations like ours. We needed to meld our governance model into that of a forward thinking bank. We could only have done that with an institution like Hansa who already model themselves on the evolving Internet economy." The three companies involved all recognise that building the new economy is about partnering. "It's a mistake to think you can build a financial system with just one company, or even an alliance of similar companies. Before we can build in the reliability needed to eliminate risk, we must have an interlocking network of diverse institutions, working together in separate roles, but all separately owned and governed" said Ian Grigg. For more information, please contact : Lynwood S. Bell Hansa Bank and Hansa Global Commerce Inc Email: [EMAIL PROTECTED] Tel:+1 (264) 497-3800 Fax:+1 (264) 497-3801 Ian Grigg Systemics Inc Email:[EMAIL PROTECTED] Rachel Willmer Intertrader Ltd 5 John's Place Edinburgh EH6 7EW U.K. Tel:+44 (0) 131 553 0380 Fax:+44 (0) 131 553 0381 Email: [EMAIL PROTECTED] Web:http://www.intertrader.com ### NOTES FOR EDITOR Hansa Bank -- Hansa Bank Trust Company Limited was founded in 1984. Its technology incubator/accelerator, Hansa.net Global Commerce, Inc. became publicly traded in 1985 and focuses in the areas of e-commerce location optimization, international trade technology and the marketing of Internet technologies. Hansa.net and Hansa Bank are part of the Span-Hansa Group comprised of ten organizations doing business in as many international locations. The Group's operations also include financing intellectual property, public stock offerings, acquisitions and mergers, and international marketing. Information on the Span-Hansa Group and other strategic partners can be found on the Company's Internet home page http://www.hansa.net For more information about Hansa Bank or Hansa.net Global Commerce Inc., please contact : Lynwood S. Bell [EMAIL PROTECTED] Tel: +1 (264) 497-3800 Fax: +1 (264) 497-3801 Intertrader Ltd --- Intertrader is a technology company specialising in e-payments middleware and applications. Its flagship product is the Intertrader CashBox payment management system. Intertrader have recently released Version 2 of the Intertrader CashBox, which delivers a complete value acquisition solution for payment service providers wishing to acquire Mondex and E-gold value. Version 1 of the CashBox system was used by Bank of Scotland in 1999 in a successful pilot of a pay-for-use Internet-access system. Intertrader recently announced a strategic alliance with Systemics for joint marketing of their combined systems worldwide. The integration of Systemics' Ricardo financial trading products with Intertrader's CashBox payment management system provides a complete
[e-gold-list] raided?!
Anyone have any info on what happened to poor Parker?? http://www.freedomhound.com:80/servlet/echannel?Request=RenderID=4431 49Data=111 vcallaway Yesterday at 1:30 PM Edit Topic I received this in my mailbox: ALERT: FEDS RAIDS A FRIEND I regret to alert you that Parker Bradley, an Exchange Provider for e-gold, a Redemption Center and a friend was raided by approximately 25 Federal Gestapos on Monday, March 12, 2001. Under the deception of investigating credit card fraud, Parker and his wife were kidnapped and treated to the usual gross intimidating tactics of our increasingly tyrannical government. The raid seems to have been aimed at Parker's past acceptance of credit cards for e-gold - a practice that had cost him dearly as the credit card industry is so easy to rip off which then blames the merchant. Please forward this alert to your list and report any raid or unusual police activity with anyone associated with NORFED. We all must stay well informed and ready to investigate any pattern of the government's tyranny. Bernard von NotHaus Monetary Architect [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] USD
Subject: ip: Dollar Could be Headed for Hard Times if OPEC Switches to the Euro Date: Thu, 15 Mar 2001 16:28:15 -0500 From: "R. A. Hettinga" [EMAIL PROTECTED] To: Digital Bearer Settlement List [EMAIL PROTECTED] ...From the Grain of Salt Department... --- begin forwarded text Date: Thu, 15 Mar 2001 13:33:23 -0600 To: [EMAIL PROTECTED] From: David Linda [EMAIL PROTECTED] (by way of [EMAIL PROTECTED]) Subject: ip: Dollar Could be Headed for Hard Times if OPEC Switches to the Euro http://www.tompaine.com/opinion/2001/03/09/index.html SADDAMS LAST LAUGH The Dollar Could be Headed for Hard Times if OPEC Switches to the Euro Arjun Makhijani is president of the Institute for Energy and Environmental Research in Takoma Park, Maryland. For a considerable time the United States has enjoyed a position of undisputed power among the world's countries. The superpower has been able, with some exceptions, to shape critical global policies to serve its own internal needs. Yet, its huge appetite for oil has left it dangerously vulnerable to the policies of Middle Eastern oil exporters and to the vicissitudes of the Israeli-Palestinian conflict. Historically, the fact that oil prices are denominated in U.S. dollars has accorded the United States a position of strength. This was bolstered by a strong military presence in the Middle East, which was welcomed until recently by at least some oil exporting states. But the global potential of the European Union's currency (the euro) and the rising anti-U.S. sentiment in the Middle East coupled with a series of other recent events, may lead OPEC to change oil pricing from the dollar to the euro -- a decision which could have a drastic effect on the U.S. economy and on global financial stability. Setting the Stage for Crisis U.S. domestic policy has generally been dominated by sentiment on two streets -- Wall Street and Main Street. But since the Israeli-Arab war in 1973 and the accompanying Arab oil embargo against the United States, the importance of a third "street" -- which might variously be called Oil Street or Middle East Street -- has grown steadily. Before the year is out, this last street may well dominate the scene. Oil is the energy and financial lifeline of the United States, Europe and Japan. It's a lifeline that runs through an area of intense conflict, where antagonism to U.S. and Israeli policies is as widespread as it is heated. In that context, rising tensions between the United States, the European Union, Russia and China could make for a dangerous and volatile crisis. Of the major powers, the United States is, in many ways, the most vulnerable. It certainly has the most to lose. Take the issue of oil imports. In 1973, the U.S. imported 34 percent of the oil it consumed. By 1989, that had grown to 41 percent. Today, the U.S. imports over half of the oil it consumes, and consumption is growing steadily. Western Europe imports about half the oil it consumes, but that is down from 80 percent two decades ago, and consumption has stabilized. China imports 30 percent of its oil. Russia is an oil exporter. Historically, the fact that oil prices have been denominated in dollars has benefited the U.S. economy enormously, as fluctuations in the value of the dollar had no direct effect on the price of oil for Americans. If the currencies of other countries decline against the dollar, the oil prices increase for those countries' citizens. For instance, last fall, oil prices increased faster for Europeans than for Americans, because the euro was plunging as petrol bills were soaring, triggering massive protests. At the Bretton Woods international economic conference in 1944, the U.S. dollar was assigned a fixed value of $35 to an ounce of gold, and so pricing in dollars essentially meant pricing in gold. That system unraveled between the mid-1960s and the early 70s because the "guns-and-butter policy" during the Vietnam War created high inflation. Foreign dollar holders began losing confidence and converted their depreciating dollars into gold in increasing amounts. By the early 1970s, U.S. gold supplies were running low. The U.S. devalued the dollar relative to gold in 1971 and, in 1973, unilaterally 'de-linked' it from gold. The U.S. dollar was no longer "as good as gold." Yet, oil exporters -- led by Iran, Venezuela and Saudi Arabia -- decided to continue denominating the price of oil in U.S. dollars, ostensibly a sign of confidence in the United States and in its money. But, in fact, these countries had little choice but to continue to use U.S. dollars -- there was simply no realistic global alternative at the time. With oil linked to the dollar, and a substantial U.S. military presence in the Middle East, the position of the dollar seemed to be strong. At that time, Iran was the closest U.S. ally in the Persian Gulf and welcomed U.S. military presence. Iran was also the most
[e-gold-list] RE: Standard Reserve Gold - question
The liability level is from our point of view as issuer. This is the level of customer digital accounts. The asset level is the value that is maintained on behalf of the customer by the Trustees. ej ++ -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of Claude Cormier Sent: Thursday, March 15, 2001 12:05 AM To: e-gold Discussion Subject: [e-gold-list] RE: Standard Reserve Gold - question On 14 Mar 2001, at 19:13, Elwyn Jenkins wrote: Standard Gold is Gold itself traded digitally in the liability level as well as the asset level. Hello Elwyn, Can you explain what you mean by "in the liability level" ? Thanks Claude --- 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: Standard Reserve Gold - question
So, what percentage is maintained in reserve to back the currency? (Or, do you not give out that information.) (Which would be perfectly reasonable .. banks don't!) The liability level is from our point of view as issuer. This is the level of customer digital accounts. The asset level is the value that is maintained on behalf of the customer by the Trustees. ej ++ --- "Intel is a photo printing company. Microsoft makes a text editor. All of Amazon or eBay can be programmed in one day using Perl and run on a $500 machine. The whole of 'IT' amounts to using spreadsheets and a few trivial linear databases. We are in the low-tech age." --- 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: Standard Reserve Gold - question
As already explained, we back each currency Standard Gold and Standard Dollars with a one-for-one backing. If this changes we will create additional products where customers choose whether they want an account that has a different ratio and therefore a potential for risk but at the same time potential for earning some 'interest'. 1 Standard Gold Gram = backing of 1 E-Gold Gram. ej ++ -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of [EMAIL PROTECTED] Sent: Thursday, March 15, 2001 9:33 PM To: e-gold Discussion Subject: [e-gold-list] RE: Standard Reserve Gold - question So, what percentage is maintained in reserve to back the currency? (Or, do you not give out that information.) (Which would be perfectly reasonable .. banks don't!) The liability level is from our point of view as issuer. This is the level of customer digital accounts. The asset level is the value that is maintained on behalf of the customer by the Trustees. ej ++ --- "Intel is a photo printing company. Microsoft makes a text editor. All of Amazon or eBay can be programmed in one day using Perl and run on a $500 machine. The whole of 'IT' amounts to using spreadsheets and a few trivial linear databases. We are in the low-tech age." --- 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: Standard Reserve Gold - question
As already explained, we back each currency Standard Gold and Standard Dollars with a one-for-one backing. If this changes we will create additional products where customers choose whether they want an account that has a different ratio and therefore a potential for risk but at the same time potential for earning some 'interest'. 1 Standard Gold Gram = backing of 1 E-Gold Gram. Ah, I see. Well that is quite different. Perhaps you should state that somewhere on the web site --- or indeed --- in the user agreement for SR-AUG grams / dollars ?? At the moment the user agreement is quite contrary to what you explain above. The difference between a 1:1 backed currency and a fractional currency is as great as the difference between options and equities! If I'm not mistaken there is nowhere at all on the S R web site that it explains it is a 1:1 currency. ej ++ --- 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: Standard Reserve Gold - question
Is not StandardGold backed by a primary liquidity reserve of e-gold, digigold or other electronic gold currency and by a secondary earning reserve of gold denominated investments with the split between the two reserves determined by issuer policy? I don't mind this arrangement provided that the total backing of the currency, Primary Liquidity Reserve plus Secondary Earning Reserve is adequate to redeem the currency (i.e. the value of the assets backing the currency exceed the value of the currency outstanding). The issuer should publish the following policies: 1. Capitalisation Policy -- Issuer policy stating a minimum target Owners' Equity, e.g. 8% of the Secondary Earnings Reserve (Owners' Equity=Primary Liquidity Reserve + Secondary Earning Reserve - Currency Outstanding) 2. Liquidity Policy -- Issuer policy stating a minimum target value of Primary Liquidity Reserve, e.g. 25% of Currency Outstanding. 3. Primary Reserve Composition Policy -- Issuer policy stating the allowable currencies for the Primary Liquidity Reserve (e.g. e-gold only). 4. Investment Policy -- Issuer policy stating the classes of assets that can be invested in the Secondary Earning Reserve, e.g. gold denominated securities up to 180 days maturity with credit rating of Aaa or better. In addition the Issuer should publish the actual composition of Reserves and the actual split between Reserves. The currencies could also be subject to credit rating by analysts so that independent opinion of the currency can be obtained. I have no problem with most currencies and money being backed by debt, but there needs to be better information than is currently the case on Standard Gold and Standard Dollars. I intend to open a SR instant anywhere account (with debit card) today but I would be more satisfied if issuer policy and disclosure was improved. David Hillary Elwyn Jenkins wrote: As already explained, we back each currency Standard Gold and Standard Dollars with a one-for-one backing. If this changes we will create additional products where customers choose whether they want an account that has a different ratio and therefore a potential for risk but at the same time potential for earning some 'interest'. 1 Standard Gold Gram = backing of 1 E-Gold Gram. ej ++ -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of [EMAIL PROTECTED] Sent: Thursday, March 15, 2001 9:33 PM To: e-gold Discussion Subject: [e-gold-list] RE: Standard Reserve Gold - question So, what percentage is maintained in reserve to back the currency? (Or, do you not give out that information.) (Which would be perfectly reasonable .. banks don't!) The liability level is from our point of view as issuer. This is the level of customer digital accounts. The asset level is the value that is maintained on behalf of the customer by the Trustees. ej ++ --- "Intel is a photo printing company. Microsoft makes a text editor. All of Amazon or eBay can be programmed in one day using Perl and run on a $500 machine. The whole of 'IT' amounts to using spreadsheets and a few trivial linear databases. We are in the low-tech age." --- 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] RE: Standard Reserve Gold - question
Is not StandardGold backed by a primary liquidity reserve of e-gold, digigold or other electronic gold currency and by a secondary earning reserve of gold denominated investments with the split between the two reserves determined by issuer policy? No! Apparently it is ONE HUNDRED PER CENT backed by e-gold, David! According to Dr. Jenkins. --- 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: Standard Reserve Gold - question
Taken from the website: Standard Gold Standard Gold operates the Standard Gold currency, providing accounts with which customers can store and spend their funds. The Standard Gold currency is backed by electronic gold that is ultimately backed by real, hard gold bars of metal. Standard Gold ensures the liquidity of the Standard Gold currency to ensure that you can always obtain your funds whenever you want. Standard Dollar Standard Dollar operates the Standard Dollar currency, providing accounts with which customers can store and spend their funds. The Standard Dollar currency is backed by USD, and will always be the same value as USD. Standard Dollar ensures the liquidity of the Standard Dollar currency, to ensure that you can always obtain your funds whenever you want. ++ Sure it does not say 1:1 -- but before we go into the territory of anything other than 1:1 we need to build up reserves. Second we need to give people choices. Some do not like anything other than 1:1 backing. ej ++ -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of [EMAIL PROTECTED] Sent: Thursday, March 15, 2001 10:56 PM To: e-gold Discussion Subject: [e-gold-list] RE: Standard Reserve Gold - question As already explained, we back each currency Standard Gold and Standard Dollars with a one-for-one backing. If this changes we will create additional products where customers choose whether they want an account that has a different ratio and therefore a potential for risk but at the same time potential for earning some 'interest'. 1 Standard Gold Gram = backing of 1 E-Gold Gram. Ah, I see. Well that is quite different. Perhaps you should state that somewhere on the web site --- or indeed --- in the user agreement for SR-AUG grams / dollars ?? At the moment the user agreement is quite contrary to what you explain above. The difference between a 1:1 backed currency and a fractional currency is as great as the difference between options and equities! If I'm not mistaken there is nowhere at all on the S R web site that it explains it is a 1:1 currency. ej ++ --- 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: Standard Reserve Gold - question
Taken from the website: Standard Gold Standard Gold operates the Standard Gold currency, providing accounts with which customers can store and spend their funds. The Standard Gold currency is backed by electronic gold that is ultimately backed by real, hard gold bars of metal. Standard Gold ensures the liquidity of the Standard Gold currency to ensure that you can always obtain your funds whenever you want. Standard Dollar Standard Dollar operates the Standard Dollar currency, providing accounts with which customers can store and spend their funds. The Standard Dollar currency is backed by USD, and will always be the same value as USD. Standard Dollar ensures the liquidity of the Standard Dollar currency, to ensure that you can always obtain your funds whenever you want. ++ Sure it does not say 1:1 -- but before we go into the territory of anything other than 1:1 we need to build up reserves. Second we need to give people choices. Some do not like anything other than 1:1 backing. ej Right, the language above in the two paragraphs you quoted suggests VERY strongly that it is *NOT* !! 1:1 money. I'm just saying that if it IS 1:1 money (which is absolutely fantastic, amazing, stupendous), it is really odd, a shame, unusual, that that is not explained on the web site. It would be like Amazon.com not happening to mention a little thing like that they sell books :) It would be like e-trade not happening to mention that you can trade stocks there :) You know? I could care less .. just a suggestion!!! JPM --- "Intel is a photo printing company. Microsoft makes a text editor. Amazon or eBay can be programmed in a day with Perl or Basic and run on a $500 machine. The whole of 'IT' (banking, finance, markets, etc.) is no more complicated than a $10 Casio name and address organizer. We are in the low-tech age." --- 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: raided?!
Isn't anybody worried about Mr. Bradley and his family? For trivial things you guys write pages and pages of blabber!!! Did the cat get your tongues? I, for one hope that everything is all right with Goldage and Mr. Bradley and his wife! Best wishes! --- [EMAIL PROTECTED] wrote: Anyone have any info on what happened to poor Parker?? http://www.freedomhound.com:80/servlet/echannel?Request=RenderID=4431 49Data=111 vcallaway Yesterday at 1:30 PM Edit Topic I received this in my mailbox: ALERT: FEDS RAIDS A FRIEND I regret to alert you that Parker Bradley, an Exchange Provider for e-gold, a Redemption Center and a friend was raided by approximately 25 Federal Gestapos on Monday, March 12, 2001. Under the deception of investigating credit card fraud, Parker and his wife were kidnapped and treated to the usual gross intimidating tactics of our increasingly tyrannical government. The raid seems to have been aimed at Parker's past acceptance of credit cards for e-gold - a practice that had cost him dearly as the credit card industry is so easy to rip off which then blames the merchant. Please forward this alert to your list and report any raid or unusual police activity with anyone associated with NORFED. We all must stay well informed and ready to investigate any pattern of the government's tyranny. Bernard von NotHaus Monetary Architect [EMAIL PROTECTED] = Dagny Taggart __ Do You Yahoo!? Get email at your own domain with Yahoo! Mail. http://personal.mail.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: Standard Reserve Gold - question
- Original Message - From: "Elwyn Jenkins" [EMAIL PROTECTED] To: "e-gold Discussion" [EMAIL PROTECTED] Sent: Thursday, March 15, 2001 11:21 PM Subject: [e-gold-list] RE: Standard Reserve Gold - question Taken from the website: Standard Dollar Standard Dollar operates the Standard Dollar currency, providing accounts with which customers can store and spend their funds. The Standard Dollar currency is backed by USD, and will always be the same value as USD. If the above is true, then that means, if I have 1000 Standard Dollars in my account and the price of gold goes way down, I would still be able to withdraw $1000 USDs and the USD value of my account does NOT vary with the price of gold as it does with e-gold. Is this correct? Gary --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
