[e-gold-list] Re: totally random fact

2001-06-26 Thread Viking Coder

> >So your point is that all advertising outlets, magazines/radio/TV/web,
> >exist solely for the purpose of pushing more advertising. This isn't
> >neccesarily true for *all* magazines, etc..., but let's go with it.
> >
> >Magazines, etc... exist for the sole purpose of advertising.
> >
> >You, and a few others, are rallying for e-gold to accept advertising.
> >
> >Then, e-gold would exist for the sole purpose of advertising.
> >
> 
> Nah, there's no logic there mate.  "All greeks are liars.." etc.


I was using you logic mate. You said...

> > > magazines, like all media, are simply things that exist because of
> > > advertising.  

If all media exists because of advertising, then if e-gold starts selling
advertising space, e-gold will become another media outlet for
advertising. Therefore, e-gold will exist because of advertising.


> Re: e-gold, I just think there will appear some "e-gold related 
> enterprises", if, there some method to reach active egold users 
> appears.

The only methods you have proposed involve turning e-gold into an
advertising outlet. Large businesses probably want to wait until they can
know something else about e-gold other than "weren't they raided by the US
Secret Service?" or "aren't they just used for money laundering?". This
will come from


> While there is NOT a method to reach active egold users, the current 
> situation will remain: there will be no EREs other than silly 
> cottage-industry ones like Bananagold.

Silly cottage-industry businesses, and their customers, will form the
large (i.e. millions), stable (i.e. not using it just because they got $5
for creating an account) user base that will greatly accentuate e-gold's
innate qualities of non-repudiability, world-wide usage, and  instant
clearance.

Another silly cottage industry would be an indepedently run advertising
list aimed at the people who are serious users of e-gold. This would
target actual users of e-gold, not just people who want to get paid for
the nothingness of receiving ad-based email. I still not seeing the net
good of putting ads on the spend page. This could just be my aversion to
being forced to view ads when I am not getting something for free.


> I was, pathetically, worrying about "mere" $1 million to $20 million
> -like enterprises that might like to become involved with e-gold.  

Are you talking about already existing businesses, or brand-new ventures?
You keep using already existing businesses as references. An already
existing business should have an already existing customer base. They can
push e-gold on their existing customers.


> >I don't think that Douglas sat down several years ago and thought "what's
> >a new way to sell ads - Oh, I know, we'll create a gold backed currency".



Viking Coder

Worth Two Cents?
http://www.two-cents-worth.com/?VikingCoder

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[e-gold-list] amazon deals

2001-06-26 Thread jpm

Here's that deal they are having
http://g-images.amazon.com/images/G/01/gateway/shift-free-shipping5.gif
FWIW


My mate Mike was just saying, wouldn't it be funny is someone wrote a 
bot which .. dealt with Bananagold.



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[e-gold-list] Re: MetalSavings withdrawals

2001-06-26 Thread jpm

>> I notice that MetalSavings has zero in its account, so that withdrawals are
>> obviously impossible.
>>
>> Isn't zero a rather slim reserve? I would have thought twenty to fifty
>> percent would be more like it.
>
>I agree, it has been at zero for a while now.  Would anyone more patient
>than me like to make an offer on 4.015g I have stuck in metalsavings?
>

No question, I'll give you 4 grams for it!

Howzat?

Spend to my metal savings account which is #29.
JPM


>cya,   Andrew...



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[e-gold-list] Re: MetalSavings withdrawals

2001-06-26 Thread Andrew McMeikan

> I notice that MetalSavings has zero in its account, so that withdrawals are
> obviously impossible.
> 
> Isn't zero a rather slim reserve? I would have thought twenty to fifty
> percent would be more like it.

I agree, it has been at zero for a while now.  Would anyone more patient
than me like to make an offer on 4.015g I have stuck in metalsavings?

cya,   Andrew...


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[e-gold-list] free shippin'

2001-06-26 Thread jpm

i notice Amazon (in a desperate bid to actually make money? :) ) is 
offering a lot of FREE shipping lately - example, buy any COMBINATION 
of books and music or dvds, and you get free shipping.  Take 
advantage on bananagold.com.

(All special offers, etc, are automatically passed on to bananagold spendors)
JP


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[e-gold-list] Re: MetalSavings withdrawals

2001-06-26 Thread jpm

>I notice that MetalSavings has zero in its account, so that withdrawals are
>obviously impossible.
>
>Isn't zero a rather slim reserve? I would have thought twenty to fifty
>percent would be more like it.


heh -- you know, there may be a new service, along the lines of metal 
savings, coming soon.

But it will be spectacularly more robust (to begin with, it wiould 
never lend e-gold to anyone in the e-gold community *wink* ), quite 
soon.

BTW, I have had no trouble normally withdrawing (lots, kilos) of gold 
in and out of MS - although I have had to write to Erich each time. 
If I'm not mistaken he's basically shutting down that service.




--
"I feel like we're inside a Civilization game and there's some
fucking idiot playing." --Michael T. McNamara




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[e-gold-list] Re: totally random fact

2001-06-26 Thread jpm

>> Someone (Viking?) was implying that the ADS in magazines SUPPLEMENT
>> magazines incomes -- ie, mazgines/newspapers get income from the
>> cover price.
>>
>> That is not correct (the cover price is all-but irrelevant),
>> magazines, like all media, are simply things that exist because of
>> advertising.  People sit down and go "whats a new way to sell ads -
>> oh I know, we'll do a motorbike magazine / a business magazine / a
>> women's magazine".  It's not the other way around.
>
>So your point is that all advertising outlets, magazines/radio/TV/web,
>exist solely for the purpose of pushing more advertising. This isn't
>neccesarily true for *all* magazines, etc..., but let's go with it.
>
>Magazines, etc... exist for the sole purpose of advertising.
>
>You, and a few others, are rallying for e-gold to accept advertising.
>
>Then, e-gold would exist for the sole purpose of advertising.
>

Nah, there's no logic there mate.  "All greeks are liars.." etc.

You had commented or implied, in passing, that magazines get their 
money from the cover price, and ads "supplement" that.  That is 
incorrect.

Re: e-gold, I just think there will appear some "e-gold related 
enterprises", if, there some method to reach active egold users 
appears.

While there is NOT a method to reach active egold users, the current 
situation will remain: there will be no EREs other than silly 
cottage-industry ones like Bananagold.

{During our discussion,though, you made an excellent point:  I was, 
pathetically, worrying about "mere" $1 million to $20 million -like 
enterprises that might like to become involved with e-gold.  There 
will be no such enterprises until there is a way to reach e-gold 
users. However, as you pointed out, truly ENORMOUS concerns, Coke, 
Amex, G.E., etc, could start EREs and just blow the odd hundred 
million on consumer advertising to reach users -- so concerns of THAT 
size are exempt from the need for any method to reach e-gold users.}



>I don't think that Douglas sat down several years ago and  thought "what's
>a new way to sell ads - Oh, I know, we'll create a gold backed currency".
>
>
>Viking Coder
>
>Worth Two Cents?
>http://www.two-cents-worth.com/?VikingCoder




--
"I feel like we're inside a Civilization game and there's some
fucking idiot playing." --Michael T. McNamara




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[e-gold-list] MetalSavings withdrawals

2001-06-26 Thread Samuel Mc Kee

I notice that MetalSavings has zero in its account, so that withdrawals are
obviously impossible.

Isn't zero a rather slim reserve? I would have thought twenty to fifty
percent would be more like it.



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[e-gold-list] Re: it never ends!!!

2001-06-26 Thread Bob

[EMAIL PROTECTED] wrote:
> 
> At 7:52 AM -0700 6/26/01, Charles Evans wrote:
> >>> Please pardon the impersonality of this message.  It is going to
> >>> several recipients.
> >>>
> >>> While attending a conference in Scotland, I was served a
> >>> 15-page civil complaint, initiated by Gold & Silver Reserve, this
> >>> morning.
> >>>
> >>> They accuse me, personally, of Misappropriation of Trade
> >>> Secrets, Tortious Interference with Prospective Economic
> >>> Advantage, Unfair Business Practices, and Breach of the Duty
> >>> of Loyalty.
> >>>
> >>> I categorically dispute these claims.
> >>>
> >>> If this adversely affects your willingness to do business with me,
> >>> please let me know.
> >>>
> >>> Charles Evans


Great! Sueing past employees! How is e-gold going to attract talented
employees in the future? What affect is this going to have on their
current employees? 

Doug, have you flipped your lid? Are you off your rocker? Do you
realize that by sueing Ian and Charles (both highly respected
people, partly due to a high degree of quality to their characters) 
that you have probably guaranteed that you will never, ever get good 
financial cryptographers to work for you again? 

Word of this is spreading fast. Do you think you have all
the code that you will ever need? Not a chance.

You can drive e-gold into the ground but the world won't care.
We already have GoldMoney and soon E-Bullion, and more to come.

And, it is my opinion that you're not the first founder and
CEO, however bright and knowledgable, that should be relieved 
of his CEO duties.

Bob

> 
> I feel like a BOZO because *I* have never been sued by GSR !!!
> 
> I'm so out of it.

I know man. It's a bummer. But you have got to try to pull yourself
out of it. It's not healthy being bummed out for too long. Come on,
JP. Get a grip on it. Remember, you're not alone.

Bob

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[e-gold-list] Re: What good is "backing"?

2001-06-26 Thread SnowDog


> The thing is, there are probably cheaper ways to get a physical bar of
gold
> in either Dubai or London, but since it can be done IMO someone's probably
> someday going to do it (but it won't be me!). IMO, speaking only for
myself,
> etc...
> JMR

Well, the important thing is, is that if there is a 'run' on e-Gold, then
several market makers COULD redeem bars of gold and sell them, returning
less than their 'spot-price' in e-gold. This will ensure that everyone CAN
take their money OUT of e-gold, if they choose, even if at a small loss.

SnowDog



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[e-gold-list] future price

2001-06-26 Thread Bob

http://futures.tradingcharts.com/chart/GD/81

Looks like another up trend has been established, although
I wasn't impressed by today's volume.

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[e-gold-list] Re: What good is "backing"?

2001-06-26 Thread James M. Ray

At 03:30 PM -0700 06/26/2001, Vince Callaway wrote:
...
>Just to be the Devils Advocate, what is E-Gold's redemption proceedure?
>
>Seems like they have left it up to the market makers to do that, same as
>OSGold.
>

>From the site:

>To take physical delivery of metal from your account, 
>you will need to have an available balance of at least 
>the weight of the smallest individual item displayed in 
>Examiner. 
>   
>If you would like to take delivery in this situation,
>please contact e-gold Ltd. to arrange  
...

The thing is, there are probably cheaper ways to get a physical bar of gold
in either Dubai or London, but since it can be done IMO someone's probably
someday going to do it (but it won't be me!). IMO, speaking only for myself,
etc...
JMR


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[e-gold-list] Re: What good is "backing"?

2001-06-26 Thread Vince Callaway

On Tue, 26 Jun 2001, Viking Coder wrote:

> Very true. Even if they claimed to match circulation 100% by hard
> un-allocated metal, without a redemption policy they are not a gold backed
> currency. Until OSGold implements a redemption procedure, they will be a
> EGC "Ether Gold Currency".


Just to be the Devils Advocate, what is E-Gold's redemption proceedure?

Seems like they have left it up to the market makers to do that, same as
OSGold.


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[e-gold-list] Offshore Banking

2001-06-26 Thread [EMAIL PROTECTED]

Can someone give me some information about the Anglo-American Bank?

http://www.angloamericanbank.com

I would appreciate getting the information from someone who has an account
in that bank already (No rumours please, just facts).

Thanks in advance for your replies.


Win 400 grams of gold!
Buy your ticket at http://www.goldenraffle.com

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[e-gold-list] Re: What good is "backing"?

2001-06-26 Thread Viking Coder

> > They have. They made a proud, high-faluting claim of being 150% backed.
> > Then they described what they actually meant when they said 150% backed;
> > 50% paper fiat cash, 50% paper gold certificates, 50% gold. Which means
> > they aren't 100% backed by hard gold.
> 
> More to the point: they have no way to redeem anything.  Without
> redemption "backing" is utterly meaningless.

Very true. Even if they claimed to match circulation 100% by hard
un-allocated metal, without a redemption policy they are not a gold backed
currency. Until OSGold implements a redemption procedure, they will be a
EGC "Ether Gold Currency".


Viking Coder

Worth Two Cents?
http://www.two-cents-worth.com/?VikingCoder

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[e-gold-list] What good is "backing"?

2001-06-26 Thread Craig Spencer


> > "The only one who is currently an "ether gold" is OSGold."
> > 
> > If they are not 100% backed, then I fully agree with you, but where is the
> > evidence.  It seems to me that we just don't know what OSGold is since they
> > have not disclosed it.  
> 
> They have. They made a proud, high-faluting claim of being 150% backed.
> Then they described what they actually meant when they said 150% backed;
> 50% paper fiat cash, 50% paper gold certificates, 50% gold. Which means
> they aren't 100% backed by hard gold.

More to the point: they have no way to redeem anything.  Without
redemption "backing" is utterly meaningless.

CCS 


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[e-gold-list] Re: Paritate?.....................

2001-06-26 Thread vicman

Fact is it does happen OFTEN and it's going to keep happening. In many cases
the reasons why it is happening may be disturbing.
Here's a another example this week:

This is a story filed under "Oddly Enough" on the Iwon news service
(run by CBS I believe.  Read the second to last paragraph.  What sort of
"pledges" to the IMF would cause a bank to close its doors?


 ISTANBUL (Reuters) - A guard at a Turkish state bankrobbed his own cashiers
and distributed $25,000 to passers-by in what police said was a response to
the planned closure of the bank.

 The security guard at an Emlak Bank branch in Istanbul brandished his
pistol and forced a teller to empty a safe before running out into the
street firing in the air, notes fluttering from a bag of cash, Anatolian
news agency said Friday.

 When he noticed the falling notes he threw some in the air, and handed out
the rest to passers-by and shopkeepers. Anatolian said the guard had been
working for four years at Emlak Bank, which Turkey now plans to close as
part of pledges to the International Monetary Fund. Police said he was
depressed at the prospect of losing his job.

===




NOthing would make me happier than if that was true.  However the reality is
that the second after they get back up and running, everyone is going to
pull their money out.  Where are they going to get that money?  They know
this.  I have been trying to open up a new account there for the last two
months.  I thought they were being even more stupid tan usual, but alas,
they were doing me a favor.  If Paritate rises from the ashes, it will fall
soon after.

Not unless it can convince a lot of very nervous people that their money is
safe.  If you have an idea on how to do that, let them know.

On Tue, 26 Jun 2001 15:55:38 -0400, Steven wrote:

>
>  Hello,
>
>  Your assumptions are a bit premature and emotionally tainted.
>
>   Paritate Bank is experiencing problems right now.  There is no word on
>  the permanency of this issue, but the bank has personally told us that
>  everything should be operational in two or three days.
>
>   It seems that Paritate Bank has placed a lot of the bank equity in the
>  US stock market and the value of the securities they are holding has
>  dropped in worth to the point where the liquidity of the bank is now an
>  issue.  They are working to fix this problem by increasing the equity of
>  the bank through potential investors.
>
>  ---
>  You are currently subscribed to e-gold-list as:
[EMAIL PROTECTED]
>  To unsubscribe send a blank email to
[EMAIL PROTECTED]


Glencannon Group Ltd.
http://www.glencannongroup.com/
[EMAIL PROTECTED]
[EMAIL PROTECTED] (for a more secure email)
fax: 419-710-4339
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[e-gold-list] Re: Paritate?.....................

2001-06-26 Thread Glencannon Group Ltd.

I sincerely hope you are right, but at this point I think my vacation money
is gone!

On Tue, 26 Jun 2001 22:06:58 +0200, offshoresurfer wrote:

>  
>  
>  
>  > Paritate is dead.  What is the first thing every account holder is
going to
>  > do?  pull out their money.  Even if the situation gets resolved, no one
is
>  > going to trust Paritate any more.  This is one of those things you
don't let
>  > happen.  ONce it happens, the bank is dead.  Even if someone bought the
bank
>  > at this point, they would be buying an empty box.  They would really
have to
>  > do some fast talking to keep even 10% of their accounts in the bank.
>  
>  I understand your point, but a rescue package from another buyer is often
an optimum solution for everybody. Just a couple of years ago the Riga
Commerce Bank went through similar problems but was bought out by a German
bank and now everybody is happy.
>  
>  offshoresurfer
>  
>  
>  ---
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[EMAIL PROTECTED]


Glencannon Group Ltd.
http://www.glencannongroup.com/
[EMAIL PROTECTED]
[EMAIL PROTECTED] (for a more secure email)
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[e-gold-list] Re: Paritate?.....................

2001-06-26 Thread Glencannon Group Ltd.

NOthing would make me happier than if that was true.  However the reality is
that the second after they get back up and running, everyone is going to
pull their money out.  Where are they going to get that money?  They know
this.  I have been trying to open up a new account there for the last two
months.  I thought they were being even more stupid tan usual, but alas,
they were doing me a favor.  If Paritate rises from the ashes, it will fall
soon after.

Not unless it can convince a lot of very nervous people that their money is
safe.  If you have an idea on how to do that, let them know.

On Tue, 26 Jun 2001 15:55:38 -0400, Steven wrote:

>  
>  Hello,
>  
>  Your assumptions are a bit premature and emotionally tainted.
>   
>   Paritate Bank is experiencing problems right now.  There is no word on
>  the permanency of this issue, but the bank has personally told us that
>  everything should be operational in two or three days.  
>  
>   It seems that Paritate Bank has placed a lot of the bank equity in the
>  US stock market and the value of the securities they are holding has
>  dropped in worth to the point where the liquidity of the bank is now an
>  issue.  They are working to fix this problem by increasing the equity of
>  the bank through potential investors.  
>  
>  ---
>  You are currently subscribed to e-gold-list as:
[EMAIL PROTECTED]
>  To unsubscribe send a blank email to
[EMAIL PROTECTED]


Glencannon Group Ltd.
http://www.glencannongroup.com/
[EMAIL PROTECTED]
[EMAIL PROTECTED] (for a more secure email)
fax: 419-710-4339
_*_*_*_*_
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[e-gold-list] Re: Paritate?.....................

2001-06-26 Thread offshoresurfer




> Paritate is dead.  What is the first thing every account holder is going to
> do?  pull out their money.  Even if the situation gets resolved, no one is
> going to trust Paritate any more.  This is one of those things you don't let
> happen.  ONce it happens, the bank is dead.  Even if someone bought the bank
> at this point, they would be buying an empty box.  They would really have to
> do some fast talking to keep even 10% of their accounts in the bank.

I understand your point, but a rescue package from another buyer is often an optimum 
solution for everybody. Just a couple of years ago the Riga Commerce Bank went through 
similar problems but was bought out by a German bank and now everybody is happy.

offshoresurfer


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[e-gold-list] Re: Ah, reporters

2001-06-26 Thread Julian Morrison

"James M. Ray" wrote:
> 
> http://news.independent.co.uk/digital/update/story.jsp?story=79745
> 
> "If you don't have any facts, why waste valuable time asking for them?
> Just skim a few articles and then dream up whatever sounds right!"
>

I don't like the tone of these recent news articles. "ungovernable",
"money laundering" and other statist blatherings.

Well they're right about one thing - this idea of digital gold money is
well and truly out there, and I suspect the free market will find routes
around any attempt to stomp or subvert it. I just hope the current
companies have structured themselves to be hard to stomp.

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[e-gold-list] Re: Paritate?.....................

2001-06-26 Thread Steven


Hello,

Your assumptions are a bit premature and emotionally tainted.

 Paritate Bank is experiencing problems right now.  There is no word on
the permanency of this issue, but the bank has personally told us that
everything should be operational in two or three days.  

 It seems that Paritate Bank has placed a lot of the bank equity in the
US stock market and the value of the securities they are holding has
dropped in worth to the point where the liquidity of the bank is now an
issue.  They are working to fix this problem by increasing the equity of
the bank through potential investors.  

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[e-gold-list] Re: Paritate?.....................

2001-06-26 Thread Glencannon Group Ltd.

Paritate is dead.  What is the first thing every account holder is going to
do?  pull out their money.  Even if the situation gets resolved, no one is
going to trust Paritate any more.  This is one of those things you don't let
happen.  ONce it happens, the bank is dead.  Even if someone bought the bank
at this point, they would be buying an empty box.  They would really have to
do some fast talking to keep even 10% of their accounts in the bank.

On Tue, 26 Jun 2001 14:32:03 -0400, Steven wrote:

>   
>  Paritate bank is closed right now, sort of.  They are having a dispute
>  fo some sort with Bank of Latvia which is like the central bank in
>  Latvia.  The Bank of Latvia suspended the international bank licence but
they 
>  are still registered as a local Credit Union.  Paritate said they 
>  should have everything wrapped up in a day or two, which hopefully 
>  will be the case.
>  
>  All the best,
>  Steven
>  
>  
>  
>  ---
>  You are currently subscribed to e-gold-list as:
[EMAIL PROTECTED]
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Glencannon Group Ltd.
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[EMAIL PROTECTED]
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fax: 419-710-4339
_*_*_*_*_
If you found the contents of this email useful to you, and you have an
e-gold account, please feel free to follow this link:
http://www.two-cents-worth.com/?107685&[EMAIL PROTECTED]





___
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[e-gold-list] RE: Fractional Reserve Banking... What is it good for?

2001-06-26 Thread C. Cormier - Ormetal Inc.

On 26 Jun 2001, at 13:58, Viking Coder wrote:

> They have. They made a proud, high-faluting claim of being 150%
> backed. Then they described what they actually meant when they said
> 150% backed; 50% paper fiat cash, 50% paper gold certificates, 50%
> gold. Which means they aren't 100% backed by hard gold.

Indeed, I think they did... but I have seen this claim only here on 
the e-gold list. It is nowhere to be found on their website nor is 
there any detailed on their coprorate governance.

As such this backing is OK, depending on the nature of paper gold 
certificates. But until they really published what they are all about, I 
am not willing to take them seriously.




Claude

http://www.goldcurrencies.ca
http://www.ormetal.com
==
Claude Cormier Public Key
http://www.ormetal.com/PGPkey.html
==

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[e-gold-list] Re: Paritate?.....................

2001-06-26 Thread Steven

 
Paritate bank is closed right now, sort of.  They are having a dispute
fo some sort with Bank of Latvia which is like the central bank in
Latvia.  The Bank of Latvia suspended the international bank licence but they 
are still registered as a local Credit Union.  Paritate said they 
should have everything wrapped up in a day or two, which hopefully 
will be the case.

All the best,
Steven



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[e-gold-list] RE: Fractional Reserve Banking... What is it good for?

2001-06-26 Thread Viking Coder

> "The only one who is currently an "ether gold" is OSGold."
> 
> If they are not 100% backed, then I fully agree with you, but where is the
> evidence.  It seems to me that we just don't know what OSGold is since they
> have not disclosed it.  

They have. They made a proud, high-faluting claim of being 150% backed.
Then they described what they actually meant when they said 150% backed;
50% paper fiat cash, 50% paper gold certificates, 50% gold. Which means
they aren't 100% backed by hard gold.


Viking Coder

Worth Two Cents?
http://www.two-cents-worth.com/?VikingCoder

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[e-gold-list] Goldavenue.com

2001-06-26 Thread C. Cormier - Ormetal Inc.

26 June 2001

FOR IMMEDIATE RELEASE

GoldAvenue.com Launches GAExchange.com

New B2B Platform Promises to Enhance the Global Trading
Capabilities for the Gold Industry

Geneva, Switzerland, 26 June ? GoldAvenue today announced the launch of
its first business-to-business operations, the GAExchange.  This web-based
trading platform enables gold market professionals to quickly purchase a
wide range of physical gold products and supports spot trades and loans,
all in a secure environment.  In addition, GAExchange offers a host of
related services such as real-time pricing, reports and analysis, market
information, and the GoldAvenue Encylopaedia.

GAExchange made its debut last week in the Italian market, and GoldAvenue
plans to expand both its service offerings and its global market
penetration. Initially, GAExchange will service primarily banks and other
large consumers of gold, but as its areas of operation evolve, it and its
affiliated companies will progressively expand its client base.

For all gold bullion transactions effected, a subsidiary of J.P. Morgan
Chase & Co., is the counter-party, with GAExchange acting as its agent.
J.P. Morgan Chase & Co., a premier global financial services firm, is one
of the three founding investors in GoldAvenue, together with AngloGold,
the world's largest gold mining company, and PAMP, the world's largest
private gold refiner.  Together the three represent some of the main
players on the international gold stage.

"We are delighted to be introducing a valuable online channel like
GAExchange to the gold marketplace," said Mehdi Barkhordar, CEO of
GoldAvenue.  "We have taken the well-established principles of trading,
and used Internet technology to make them more efficient and
cost-effective. We believe this is just the beginning of what the Internet
can do for the gold business."

ABOUT GOLDAVENUE:
The three founding investors, AngloGold, PAMP, and J.P. Morgan Chase,
announced GoldAvenue in April 2000, as a natural extension of their
existing activities.  It is an independent entity comprised of two
distinct businesses, designed to service consumers, investors, and gold
professionals alike. As a comprehensive marketplace for gold "in all its
forms," GoldAvenue will provide an extensive range of gold products and
services. Later this year, GoldAvenue will launch a second, retail-focused
company and launch its consumer operations, offering a dynamic array of
high-quality gold jewellery, watches, and accessories through its web site
and catalogue.

For more information please visit www.gaexchange.com / 
www.goldavenue.com


For trading inquiries, please contact Frederic Panizzutti, +41 22 718
3368; e-mail [EMAIL PROTECTED] / www.gaexchange.com.

For all other inquiries, please contact Phoebe Myers, +41 22 718 3311;
e-mail [EMAIL PROTECTED] / www.goldavenue.com.


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[e-gold-list] RE: Fractional Reserve Banking... What is it good for?

2001-06-26 Thread Ken Griffith

"The only one who is currently an "ether gold" is OSGold."

If they are not 100% backed, then I fully agree with you, but where is the
evidence.  It seems to me that we just don't know what OSGold is since they
have not disclosed it.  They might be 100% backed, they might be pure ether
(no backing private fiat money).  One would think that any currency issuer
wishing to be taken seriously would at least have publically available
annual audits by an outside firm.

DigiGold would also fall under "AUG equivalent" if they went to their 25%
backing plan.




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[e-gold-list] Re: Ah, reporters

2001-06-26 Thread Viking Coder

> Actually, you got that backwards:
> 
> GoldMoney is incorporated in the Bahamas
> Their operational corporate HQ is in the Isle of Man.

Oops... 

GoldMoney's corporate HQ is operated by Net Transactions Ltd. which is
incorporated in, and run out of, the Bahamas.

GoldMoney's administrative HQ is operated by Discus Ltd. which is run out
of the Isle of Man. Their domain name is registered to G.M. Network Ltd.;
same address in the Isle of Man. Their servers are located in St. Helier,
on Jersey Island, also in the British Isles.


Viking Coder

Worth Two Cents?
http://www.two-cents-worth.com/?VikingCoder

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[e-gold-list] Re: Ah, reporters

2001-06-26 Thread C. Cormier - Ormetal Inc.

On 26 Jun 2001, at 12:02, Viking Coder wrote:

> > Well, Gold Money IS incorporated in the Bahamas.
> > 
> 
> Their corporate headquarters are in the Bahamas, but they are
> incorporated out of, and have their administrative headquarters in,
> the British Isles (Isle of Man).

The GoldMoney system is operated by Net Transactions Ltd., which 
holds the exclusive right of use of the GoldMoney trademark. 
Net Transactions Ltd. is a limited liability company incorporated in the 
Bahamas, registration number 115,419B. 
 


Claude

http://www.goldcurrencies.ca
http://www.ormetal.com
==
Claude Cormier Public Key
http://www.ormetal.com/PGPkey.html
==

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[e-gold-list] RE: Fractional Reserve Banking... What is it good for?

2001-06-26 Thread Viking Coder

> A currency that is 100% backed by gold may sell itself as "AUG" or "grams of
> gold".

To which e-gold & GoldMoney, and soon e-bullion, can all stand and proudly
proclaim. Standard Reserve's gold-backed side of their accounts also meet
this qualification, even if they are 1 step removed, being 100% backed by
e-gold.


> This in my mind would solve the problem of diluting the value of gold by
> selling "ether gold" ("ether gold" = selling units of gold that are not
> actually backed by gold.).

The only one who is currently an "ether gold" is OSGold.


Viking Coder

Worth Two Cents?
http://www.two-cents-worth.com/?VikingCoder

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[e-gold-list] RE: Fractional Reserve Banking... What is it good for?

2001-06-26 Thread Viking Coder

> A currency that is 100% backed by gold may sell itself as "AUG" or "grams of
> gold".

To which e-gold & GoldMoney, and soon e-bullion, can all stand and proudly
proclaim. Standard Reserve's gold-backed side of their accounts also meet
this qualification, even if they are 1 step removed, being 100% backed by
e-gold.


> This in my mind would solve the problem of diluting the value of gold by
> selling "ether gold" ("ether gold" = selling units of gold that are not
> actually backed by gold.).

The only one who is currently an "ether gold" is OSGold.


Viking Coder

Worth Two Cents?
http://www.two-cents-worth.com/?VikingCoder

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[e-gold-list] Re: totally random fact

2001-06-26 Thread Viking Coder

> Someone (Viking?) was implying that the ADS in magazines SUPPLEMENT 
> magazines incomes -- ie, mazgines/newspapers get income from the 
> cover price.
> 
> That is not correct (the cover price is all-but irrelevant), 
> magazines, like all media, are simply things that exist because of 
> advertising.  People sit down and go "whats a new way to sell ads - 
> oh I know, we'll do a motorbike magazine / a business magazine / a 
> women's magazine".  It's not the other way around.

So your point is that all advertising outlets, magazines/radio/TV/web,
exist solely for the purpose of pushing more advertising. This isn't
neccesarily true for *all* magazines, etc..., but let's go with it.

Magazines, etc... exist for the sole purpose of advertising.

You, and a few others, are rallying for e-gold to accept advertising.

Then, e-gold would exist for the sole purpose of advertising.

I don't think that Douglas sat down several years ago and  thought "what's
a new way to sell ads - Oh, I know, we'll create a gold backed currency".


Viking Coder

Worth Two Cents?
http://www.two-cents-worth.com/?VikingCoder

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[e-gold-list] RE: Fractional Reserve Banking... What is it good for?

2001-06-26 Thread Ken Griffith

I think, Sam, that you are on the right track there.  Fractional reserve is
fine IF the institution tells the customer in the user agreement, "If you
ask for your money at any time we MIGHT give it to you, or we MIGHT NOT."

Perhaps a better way of dealing with that problem is short-term rolling CD's
where you lock your money in for a week or a month at a time.  This gives
the institution some predicatability and run protection.

As the issue applies to gold digital currencies, I would suggest the
following standard should be adopted in the industry:

A currency that is 100% backed by gold may sell itself as "AUG" or "grams of
gold".

Any financial instrument, whether it be a currency, investment, or other,
that is only partially backed by gold or gold currency, and partially backed
by something else (whether something else is "nothing" or "gold stocks" or
"mutual funds" or "currency basket") may sell itself as "AUG equivalent" or
come up with some abbreviation so that the consumer can tell that this
product is measuring it's value in units of AUG, but isn't actually AUG.
Kind of like selling a mutual fund denominated in dollars instead of shares.
The mutual fund is not backed by dollars, but it is a liquid investment that
is easily converted to dollars, so you just denominate it in dollar
equivalents.

This in my mind would solve the problem of diluting the value of gold by
selling "ether gold" ("ether gold" = selling units of gold that are not
actually backed by gold.).


- Original Message -
From: "Samuel Mc Kee" <[EMAIL PROTECTED]>
To: "e-gold Discussion" <[EMAIL PROTECTED]>
Sent: Tuesday, June 26, 2001 11:16 AM
Subject: [e-gold-list] RE: Fractional Reserve Banking... What is it good
for?


> I am quite possibly going to brand myself a pariah on this list by
standing
> up in favor of fractional reserve banking, though certainly not its
current
> incarnation.
>
> There is nothing wrong with fractional reserves per se. The problem is the
> incestuous relationship between the "checking" and the "savings" parts of
a
> bank. The "checking" part should be 100% backed by cash in the vault. The
> "savings" part should be a completely seperate entity that holds an
account
> at the bank and has no claim on the bank other than the balance of its own
> checking account. The two institutions should be incorporated separately,
> and neither should own a piece of the other.
>
> Ideally, if Sam's Savings has five million in deposits, one million in
> reserves, then the one million should be in a checking account owned by
> Sam's Savings at Joe Blow's Bank, and it should be 100% backed by cold,
hard
> cash in the vault. Sam's Savings would then pay monthly fees to Joe Blow's
> Bank to store the cash (does this sound familiar?). If Sam's Savings goes
> belly-up because of loan defaults, depositors and whoever else has a claim
> against it can come after the million but can't touch the rest of the
money
> in Joe Blow's vault because it never belonged to Sam's Savings in any way.
> If Joe's Bank goes belly-up...well, Joe's Bank _can't_ go belly-up.
>
> The virtue of this system is that people who want to earn interest can
> voluntarily deposit their money into Sam's Savings and understand that
they
> are taking a risk. People who want their money safe can keep it in a
> checking account at Joe Blow's bank and understand that they are giving up
a
> chance to earn interest and will actually pay monthly fees. It's their
> choice.
>
> Sadly, the banking system we actually have is the evil twin of the system
I
> just described. In our present banking system the two entities are
> comingled, so customers have no choice. Someone with all his money in a
> checking account is put at risk because the bank can go belly-up because
of
> bad loans.
>
> Of course, banks are "insured" by the FDIC. That simply means that
> taxpayers, who have no say in the banks' decision-making process, are
forced
> to pay for irresponsible decisions made by bank managers. When a bank
fails
> the politicians, bank regulators and all their relatives are warned in
> advance so that they can withdraw their funds. The remaining mess is then
> paid for by the taxpayers.
>
>
>
> ---
> You are currently subscribed to e-gold-list as: [EMAIL PROTECTED]
> To unsubscribe send a blank email to
[EMAIL PROTECTED]
>


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[e-gold-list] Re: Ah, reporters

2001-06-26 Thread Ken Griffith

Actually, you got that backwards:

GoldMoney is incorporated in the Bahamas
Their operational corporate HQ is in the Isle of Man.

- Original Message -
From: "Viking Coder" <[EMAIL PROTECTED]>
To: "e-gold Discussion" <[EMAIL PROTECTED]>
Sent: Tuesday, June 26, 2001 12:02 PM
Subject: [e-gold-list] Re: Ah, reporters


> > Well, Gold Money IS incorporated in the Bahamas.
> >
>
> Their corporate headquarters are in the Bahamas, but they are incorporated
> out of, and have their administrative headquarters in, the British Isles
> (Isle of Man).
>
> This reporter did even less research than Declan did a little while ago.
> Leo has fully earned the title of 'schmuck'; even to the point of removing
> it from Declan.
>
> Leo even claims that the idea of a GBC was created after the dot-com bust.
> e-gold went live long before anybody ever heard the phrase "dot-com".
>
>
> Viking Coder
> 
> Worth Two Cents?
> http://www.two-cents-worth.com/?VikingCoder
>
> ---
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>


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[e-gold-list] Re: Ah, reporters

2001-06-26 Thread Viking Coder

> Well, Gold Money IS incorporated in the Bahamas.
> 

Their corporate headquarters are in the Bahamas, but they are incorporated
out of, and have their administrative headquarters in, the British Isles
(Isle of Man).

This reporter did even less research than Declan did a little while ago.
Leo has fully earned the title of 'schmuck'; even to the point of removing
it from Declan.

Leo even claims that the idea of a GBC was created after the dot-com bust.
e-gold went live long before anybody ever heard the phrase "dot-com".


Viking Coder

Worth Two Cents?
http://www.two-cents-worth.com/?VikingCoder

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[e-gold-list] Re: Ah, reporters

2001-06-26 Thread Ken Griffith

Well, Gold Money IS incorporated in the Bahamas.

- Original Message -
From: "SnowDog" <[EMAIL PROTECTED]>
To: "e-gold Discussion" <[EMAIL PROTECTED]>
Sent: Tuesday, June 26, 2001 9:53 AM
Subject: [e-gold-list] Re: Ah, reporters


>
> > http://news.independent.co.uk/digital/update/story.jsp?story=79745
> >
> > "If you don't have any facts, why waste valuable time asking for them?
> > Just skim a few articles and then dream up whatever sounds right!"
> > JMR
>
> Incredible! Did they get anything right?
>
> * Gold Currencies are only 6 months old.
> * Amazon.com is a big promoter
> * GoldMoney is based in the Bahamas
> * Exchange fees are a flat $1.00 US
>
>
> SnowDog
>
>
>
> ---
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[e-gold-list] Re: Ah, reporters

2001-06-26 Thread James M. Ray

At 08:53 AM -0500 06/26/2001, SnowDog wrote:
>> http://news.independent.co.uk/digital/update/story.jsp?story=79745  
>> 
>> "If you don't have any facts, why waste valuable time asking for them?
>> Just skim a few articles and then dream up whatever sounds right!" 
>> JMR
>
>Incredible! Did they get anything right?

...

Mr. Lewis does meet the "makes Jim Ray very sarcastic" requirement. 

Seriously, I think he falls into a "beyond hope for any cluestick" category,
so I haven't even bothered to write him or try to set him straight.
JMR


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[e-gold-list] RE: Fractional Reserve Banking... What is it good for?

2001-06-26 Thread Samuel Mc Kee

I am quite possibly going to brand myself a pariah on this list by standing
up in favor of fractional reserve banking, though certainly not its current
incarnation.

There is nothing wrong with fractional reserves per se. The problem is the
incestuous relationship between the "checking" and the "savings" parts of a
bank. The "checking" part should be 100% backed by cash in the vault. The
"savings" part should be a completely seperate entity that holds an account
at the bank and has no claim on the bank other than the balance of its own
checking account. The two institutions should be incorporated separately,
and neither should own a piece of the other.

Ideally, if Sam's Savings has five million in deposits, one million in
reserves, then the one million should be in a checking account owned by
Sam's Savings at Joe Blow's Bank, and it should be 100% backed by cold, hard
cash in the vault. Sam's Savings would then pay monthly fees to Joe Blow's
Bank to store the cash (does this sound familiar?). If Sam's Savings goes
belly-up because of loan defaults, depositors and whoever else has a claim
against it can come after the million but can't touch the rest of the money
in Joe Blow's vault because it never belonged to Sam's Savings in any way.
If Joe's Bank goes belly-up...well, Joe's Bank _can't_ go belly-up.

The virtue of this system is that people who want to earn interest can
voluntarily deposit their money into Sam's Savings and understand that they
are taking a risk. People who want their money safe can keep it in a
checking account at Joe Blow's bank and understand that they are giving up a
chance to earn interest and will actually pay monthly fees. It's their
choice.

Sadly, the banking system we actually have is the evil twin of the system I
just described. In our present banking system the two entities are
comingled, so customers have no choice. Someone with all his money in a
checking account is put at risk because the bank can go belly-up because of
bad loans.

Of course, banks are "insured" by the FDIC. That simply means that
taxpayers, who have no say in the banks' decision-making process, are forced
to pay for irresponsible decisions made by bank managers. When a bank fails
the politicians, bank regulators and all their relatives are warned in
advance so that they can withdraw their funds. The remaining mess is then
paid for by the taxpayers.



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[e-gold-list] the end in sight

2001-06-26 Thread jpm

>Goldfingercoin.com is launching its new gold currency very soon.
>
>http://www.e-bullion.com/
>






Gee, it will be funny to see the philosophical debate there about 
them not letting trusted, large merchants who want to advertise on 
their site to e-bullion users, do so.

(Previous sentence: sarcasm.)

Looks like that about it wraps it up for e-gold.






"E-Bullion.com is controlled and administered by true professionals 
in the precious metals trade. "

they could add...

"E-Bullion.com is controlled and administered by true professionals 
in the precious metals trade, who do not spend all their time suing 
everyone"





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[e-gold-list] it never ends!!!

2001-06-26 Thread jpm


At 7:52 AM -0700 6/26/01, Charles Evans wrote:
>>> Please pardon the impersonality of this message.  It is going to
>>> several recipients.
>>>
>>> While attending a conference in Scotland, I was served a
>>> 15-page civil complaint, initiated by Gold & Silver Reserve, this
>>> morning.
>>>
>>> They accuse me, personally, of Misappropriation of Trade
>>> Secrets, Tortious Interference with Prospective Economic
>>> Advantage, Unfair Business Practices, and Breach of the Duty
>>> of Loyalty.
>>>
>>> I categorically dispute these claims.
>>>
>>> If this adversely affects your willingness to do business with me,
>>> please let me know.
>>>
>>> Charles Evans



I feel like a BOZO because *I* have never been sued by GSR !!!

I'm so out of it.




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[e-gold-list] Re: Pay-Spam

2001-06-26 Thread jpm

>Frankly, the demand for a list of all 280,000 e-gold customers would be a
>low quality list even if e-gold did rent it out.  Only about 40% of those
>accounts actually have money in them, and even fewer have more than $10
>worth.
>

Fascinating, I now know of 3-4 clients that will pay "anything" (say, 
$100 per thousand impressions -- 50 TIMES more than normal 
doubleclick rates .. maybe much more ..) to reach active users




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[e-gold-list] RE: More competition / patents

2001-06-26 Thread jpm

>Dagny Taggart wrote:
>>
>> e-gold does not have a patent in anything. So what do
>> they have to offer?
>
>Defensive patents are there to protect against patent lawsuits, not to
>start them. If that's what he's doing, he's only sitting on the patent
>as a means to wrangle a ceasefire if some other company attacks.



another exciting patent buzzword is "submarine patent", which is 
perhaps what Mr T's was?




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[e-gold-list] Re: e-gold-list digest: June 21, 2001

2001-06-26 Thread jpm

>Anybody who opened that attachment from David now has a trojan virus on
>their system.

I have a Mac, so I for one am unharmed, but "david" best not ever 
meet me or my mates in person.


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[e-gold-list] totally random fact

2001-06-26 Thread jpm

Someone (Viking?) was implying that the ADS in magazines SUPPLEMENT 
magazines incomes -- ie, mazgines/newspapers get income from the 
cover price.

That is not correct (the cover price is all-but irrelevant), 
magazines, like all media, are simply things that exist because of 
advertising.  People sit down and go "whats a new way to sell ads - 
oh I know, we'll do a motorbike magazine / a business magazine / a 
women's magazine".  It's not the other way around.

But don't take my word for it, I've only ever bought a couple hundred 
million of magazine ads on three continents, I asked a mate who does 
the finances for newspaper empires, "M, what percentage of a 
newspaper or magazine's income is derived from the cover price. I 
thought it was nothing, but you tell me to be sure..."

At 11:29 PM -0500 6/21/01, - - wrote:
>It is around 0 - 2 %, it covers the cost of printing if they are 
>lucky. Just an example, a full-page ad in the Wall Street Journal is 
>$110,000. Since a magazine or newspaper has to have at least 50% 
>editorial (that's why you get all these shit articles when you buy a 
>fat magazine - they have more ads then content, so they just make 
>stuff up!) you can do a simple calculation. Today's WSJ has 108 
>pages. Assuming they have an equal split that's 54 "pages" of ads. 
>Factoring out volume discounts and small ads pay more per square 
>inch, you can assume the average page cost is still 110k. $110k x 54 
>is $5,940,000 - just for today!
>
>The only reason they charge a cover price is to offer a "discount" 
>to subscribers, so that subscribers feel good for getting a 
>'dicsount' (it's normal 'price-point' decision making like for many 
>products). They could give a shit what you pay, but the only thing 
>that counts for determining ad rates is your subscriber base. That 
>is why magazines are obsessed with getting and retaining 
>subscribers, and keep sending you the magazine for life even if you 
>stop paying - the more you have the more you can charge for ads. 
>There is an entire independent bureau that monitors this because it 
>is so important.
>
>It is definitely a good business. Remember the guy I told you I 
>worked for that is now at AOL Time Warner and is on the Forbes 400 
>list? He started out by producing the "Mac Buyers Guide". All it 
>was, was a list of all the software you could buy for the Mac and he 
>hired some guy to write some reviews. He expanded into gaming and 
>all the *fringe* electronic stuff in the eighties. He sold it, for 
>stock, to AOL very early on because they wanted his most valuable 
>asset "his subscriber list". The damn stock is now worth over $140 
>million!! (At the time the stock was only worth 20 million, but 
>still quite a haul.)
>
>Publishing is the way to make some big bucks fast. (think Citizen 
>Kane) The problem is finding a niche that can generate a shit-load 
>of subscribers!
>
>Probably a lot more than you wanted to know, but hey, I had a few 
>minutes to spare!! Have a great trip!
>
>--

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[e-gold-list] egold newsletter

2001-06-26 Thread jpm

>I dunno if e-gold has considered it but they might want to consider sending
>an electronic
>newsletter to all its account holders periodically, new businesses could
>advertise in the
>newletter. It could be as simple as sending the most recent news from the
>"e-gold News"
>page. If the newsletter had other items of interest such as on privacy,
>liberty, etc, it might
>end up be forwarded to others and end end up pulling in new customers.
>Of course, people should be able to opt out from receiving the news letter.
>

great idea


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[e-gold-list] RE: URGENT WARKING, READ AT ONCE!

2001-06-26 Thread Ian Green

Sorry, it is a terrible coincidence. I responded before I heard about the
actual closure.

Regards,

Ian Green

> -Original Message-
> From: Glencannon Group Ltd. [mailto:[EMAIL PROTECTED]]
> Sent: Tuesday, 26 June 2001 11:34 PM
> To: Ian Green; e-gold Discussion
> Subject: Re: [e-gold-list] RE: URGENT WARKING, READ AT ONCE!
>
>
> This is no rumor.  The National Bank of Latvia closed the bank by
> withdrawing its license.  This took place yesterday morning.  I would like
> to know what happened, but don't go blaming the messenger.  The
> information
> is important.  I wish it had been delivered earlier.
>
> On Tue, 26 Jun 2001 18:18:55 +1000, Ian Green wrote:
>
> >  You're kidding me! Someone just speculated on this list on the damage
> that
> >  could be done if the mechanism of an "I love you" or "Anna Kournikova"
> >  virus, were used to propagate a claim that a particular bank
> is bankrupt,
> >  and people should immediately withdraw their money! (The main mechanism
> is
> >  the use of email and an instruction to spread the word, or sometimes
> >  automated forwarding.) Now only hours later someone does it!
> >



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[e-gold-list] Re: Ah, reporters

2001-06-26 Thread Michael Moore




> http://news.independent.co.uk/digital/update/story.jsp?story=79745
>
> "If you don't have any facts, why waste valuable time asking for them?
> Just skim a few articles and then dream up whatever sounds right!"
> JMR


This is a PR job.  Facts are irrelevant.  Positioning and perception are
not.

If this were traced back you would most likely find it came from one of the
PR houses around the traps  and the Journalist has just put his name to it.
IF  it is not under a house name.

Newspapers  are generally short staffed and journalists have little time to
go out diggin' for facts so they tend to grab the PR crap churned out by
lobby groups and  'Public Affairs' front companies owned out by government
depts. and special interests.  We have the same here.  Companies that
regularly  do nothing but churn out  'press releases' or articles for
publication and  anyone who gets up their vested interest nose gets a real
shit rundown in the 'press'.

e.g.  Right now it is winter and every winter the drug companies go on a big
push to sell lots a vaccines so there is a PR scare being generated right
now.  "Oh...There is a 'new' flu epidemic coming... coming?  "Yes it is in
New Zealand right now but sure as onions are onions it will be here in
Aussie soon! Everyone in Australia should get vaccinated now!  This gets put
out as news.  Talk about free advertising. People I have observed vaccinated
with the crap get flu immediately.  In June each year the same 'News
Releases'  are churned out.

So if someone somewhere with some influence does not like the fact that
e-gold and Goldmoney are starting to inch into their business with a better
product  you can expect some little articles about e-gold being 'not quite
right'  to come out first. Nothing hard,  just a soft perception change or
seed of doubt thrown down.   Then after a while something a bit stronger.  A
questioning of the ethics of e-gold and its proponents.  This is followed by
questions. Questions, after all are not accusations.  So you can ask all
sorts of nasty questions in all innocence.  "How do we know they are
honest?". "Can we be really sure".  "Is this money laundering?".   Real
positioning stuff.. Then 60 minutes or one of the daily public affairs
programs that gives out  PR releases as news will do a 'sudden 'expose'  and
find and expose some poor bastard who has been allegedly 'done over' by
e-gold or a Market Maker. will consist of emotive statements and a scarcity
of fact.  There will be a call for restrictions  to 'protect the innocent'.
Soon everyone will 'know' that e-gold is a scam and more rights will have
been eroded.

So don't expect accuracy or honesty and don't expect the big boys to come
along and say.  "Hey ya doin' a swell job fellows!", 'cos they won't.



Kind regards,

[EMAIL PROTECTED]
http://www.gold-today.com






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[e-gold-list] Re: Ah, reporters

2001-06-26 Thread SnowDog


> http://news.independent.co.uk/digital/update/story.jsp?story=79745  
> 
> "If you don't have any facts, why waste valuable time asking for them?
> Just skim a few articles and then dream up whatever sounds right!" 
> JMR

Incredible! Did they get anything right?

* Gold Currencies are only 6 months old.
* Amazon.com is a big promoter
* GoldMoney is based in the Bahamas
* Exchange fees are a flat $1.00 US


SnowDog



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[e-gold-list] RE: URGENT WARKING, READ AT ONCE!

2001-06-26 Thread Glencannon Group Ltd.

This is no rumor.  The National Bank of Latvia closed the bank by
withdrawing its license.  This took place yesterday morning.  I would like
to know what happened, but don't go blaming the messenger.  The information
is important.  I wish it had been delivered earlier.

On Tue, 26 Jun 2001 18:18:55 +1000, Ian Green wrote:

>  You're kidding me! Someone just speculated on this list on the damage
that
>  could be done if the mechanism of an "I love you" or "Anna Kournikova"
>  virus, were used to propagate a claim that a particular bank is bankrupt,
>  and people should immediately withdraw their money! (The main mechanism
is
>  the use of email and an instruction to spread the word, or sometimes
>  automated forwarding.) Now only hours later someone does it!
>  
>  Rumours like this have brought down many a stronger financial institution
>  (because of partial reserve backing). Please, Destiny Worldwide, provide
>  verifiable primary evidence, and do not ask people to "spread the word"
on
>  imperfect and incomplete information.
>  
>  I don't have an account with this bank, but I still would not like a run
>  like this to bring down this or any other bank that provides good
services
>  to small, not necessarily rich, individual international clients, that
most
>  banks refuse to provide.
>  
>  
>  Ian Green
>  http://two-cents-worth.com/?107242
>  
>  
>  > -Original Message-
>  > From: Destiny Worldwide Net [mailto:[EMAIL PROTECTED]]
>  > Sent: Tuesday, 26 June 2001 7:26 AM
>  > To: e-gold Discussion
>  > Subject: [e-gold-list] URGENT WARKING, READ AT ONCE!
>  >
>  >
>  > I  realize that this is not directly egold related, but as many people
on
>  > this list are freedom lovers and might have an account at Paritate
Bank,
>  > please read this immediately and spread the word!
>  >
>  > We have been informed by our contacts in Latvia that Paritate Bank is
>  > bankrupt and about to loose their license.  If you know anyone who has
an
>  > account there, it would be wise to inform them at once so that
>  > they can take
>  > their money out.
>  >
>  > John
>  
>  
>  
>  ---
>  You are currently subscribed to e-gold-list as:
[EMAIL PROTECTED]
>  To unsubscribe send a blank email to
[EMAIL PROTECTED]


Glencannon Group Ltd.
http://www.glencannongroup.com/
[EMAIL PROTECTED]
[EMAIL PROTECTED] (for a more secure email)
fax: 419-710-4339
_*_*_*_*_
If you found the contents of this email useful to you, and you have an
e-gold account, please feel free to follow this link:
http://www.two-cents-worth.com/?107685&[EMAIL PROTECTED]





___
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[e-gold-list] Ah, reporters

2001-06-26 Thread James M. Ray

http://news.independent.co.uk/digital/update/story.jsp?story=79745  

"If you don't have any facts, why waste valuable time asking for them?
Just skim a few articles and then dream up whatever sounds right!" 
JMR


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[e-gold-list] RE: Fractional Reserve Banking... What is it good for?

2001-06-26 Thread Ian Green

Apparently Bruce Springsteen also has performed this song. The lyrics are at
http://www.thuismarkt.nl/users/springsteen/Lyrics/War-7585.html

> -Original Message-
> From: Ian Green [mailto:[EMAIL PROTECTED]]
> Sent: Tuesday, 26 June 2001 11:04 PM
> To: e-gold Discussion
> Subject: Fractional Reserve Banking... What is it good for?

Can anyone come up with a funky rewrite slamming fractional reserve banking
and promoting 100% gold-backed currency? (I'm sure it would be worth some
donations from our e-gold friends!) :)

Ian Green
http://two-cents-worth.com/?107242



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[e-gold-list] Fractional Reserve Banking... What is it good for?

2001-06-26 Thread Ian Green

> -Original Message-
> From: SnowDog [mailto:[EMAIL PROTECTED]]
> Sent: Tuesday, 26 June 2001 10:14 PM
> To: e-gold Discussion
> Subject: [e-gold-list] RE: URGENT WARKING, READ AT ONCE!
>
>
> > Rumours like this have brought down many a stronger financial
> institution
> > (because of partial reserve backing). [...]
>
> Fractional Reserve Banking... What is it good for?
>
>


Absolutely nothin'! Say it again, yeah!

(I think I can hear the similar tune, 'War ... what is it good for?'! ) :)

That would be 'War' by Edwin Starr
 Audio: http://www.amvets-ct.org/Audio_Edwin_Starr-War.html

 Lyric: according to 'Joan'
http://www.memphiscat.com/wwwboard/messages/51.html
according to 'katie'
http://www.memphiscat.com/wwwboard/messages/48.html

Can anyone come up with a funky rewrite slamming fractional reserve banking
and promoting 100% gold-backed currency? (I'm sure it would be worth some
donations from our e-gold friends!) :)

Ian Green
http://two-cents-worth.com/?107242



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[e-gold-list] RE: URGENT WARKING, READ AT ONCE!

2001-06-26 Thread SnowDog

> Rumours like this have brought down many a stronger financial institution
> (because of partial reserve backing). [...]

Fractional Reserve Banking... What is it good for?


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[e-gold-list] RE: URGENT WARKING, READ AT ONCE!

2001-06-26 Thread gary


- Original Message -
From: Ian Green <[EMAIL PROTECTED]>
To: e-gold Discussion <[EMAIL PROTECTED]>
Sent: Tuesday, June 26, 2001 4:18 AM
Subject: [e-gold-list] RE: URGENT WARKING, READ AT ONCE!
Ian,

Perhaps, you missed the posts to this list by "offshoresurfer" that say if
you call Paritate's number, you will get a recording that says their
operations were suspended by the national bank.  I have heard from those
with accounts that there is no other contact, Paritate's web site is gone
and their debit cards don't work.  I have also heard that Paritate has been
in negotiations with other banks trying to arrange for someone to take them
over.  Apparently, this didn't happen.

This definately does not appear to be a rumor and one cannot bring down a
financial institution that has ceased operations.  I would hope there will
be some action by the national bank in Latvia so the thousands of people
(some of them are friends of mine) can recover at least some of their money.

Gary

> Rumours like this have brought down many a stronger financial institution
> (because of partial reserve backing). Please, Destiny Worldwide, provide
> verifiable primary evidence, and do not ask people to "spread the word" on
> imperfect and incomplete information.
>
> I don't have an account with this bank, but I still would not like a run
> like this to bring down this or any other bank that provides good services
> to small, not necessarily rich, individual international clients, that
most
> banks refuse to provide.
>
>
> Ian Green
> http://two-cents-worth.com/?107242
>
>
> > -Original Message-
> > From: Destiny Worldwide Net [mailto:[EMAIL PROTECTED]]
> > Sent: Tuesday, 26 June 2001 7:26 AM
> > To: e-gold Discussion
> > Subject: [e-gold-list] URGENT WARKING, READ AT ONCE!
> >
> >
> > I  realize that this is not directly egold related, but as many people
on
> > this list are freedom lovers and might have an account at Paritate Bank,
> > please read this immediately and spread the word!
> >
> > We have been informed by our contacts in Latvia that Paritate Bank is
> > bankrupt and about to loose their license.  If you know anyone who has
an
> > account there, it would be wise to inform them at once so that
> > they can take
> > their money out.
> >
> > John
> 
>
>
> ---
> You are currently subscribed to e-gold-list as: [EMAIL PROTECTED]
> To unsubscribe send a blank email to
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>


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[e-gold-list] RE: URGENT WARKING, READ AT ONCE!

2001-06-26 Thread Ian Green

You're kidding me! Someone just speculated on this list on the damage that
could be done if the mechanism of an "I love you" or "Anna Kournikova"
virus, were used to propagate a claim that a particular bank is bankrupt,
and people should immediately withdraw their money! (The main mechanism is
the use of email and an instruction to spread the word, or sometimes
automated forwarding.) Now only hours later someone does it!

Rumours like this have brought down many a stronger financial institution
(because of partial reserve backing). Please, Destiny Worldwide, provide
verifiable primary evidence, and do not ask people to "spread the word" on
imperfect and incomplete information.

I don't have an account with this bank, but I still would not like a run
like this to bring down this or any other bank that provides good services
to small, not necessarily rich, individual international clients, that most
banks refuse to provide.


Ian Green
http://two-cents-worth.com/?107242


> -Original Message-
> From: Destiny Worldwide Net [mailto:[EMAIL PROTECTED]]
> Sent: Tuesday, 26 June 2001 7:26 AM
> To: e-gold Discussion
> Subject: [e-gold-list] URGENT WARKING, READ AT ONCE!
>
>
> I  realize that this is not directly egold related, but as many people on
> this list are freedom lovers and might have an account at Paritate Bank,
> please read this immediately and spread the word!
>
> We have been informed by our contacts in Latvia that Paritate Bank is
> bankrupt and about to loose their license.  If you know anyone who has an
> account there, it would be wise to inform them at once so that
> they can take
> their money out.
>
> John



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