[e-gold-list] Re: IFGETD contract - world's first

[jpm]

>e-gold usually changes their exchanges rates an avg. of 11 times a day.
>Then there are times when e-gold's rates don't change for days at a time.
>
>http://www.e-gold.com/unsecure/metaldata.asp
>

and now - you can trade that movement! :)  on the Bailed Metals 
Derivative Exchange with other members at https://bamdex


>
>Viking Coder

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[e-gold-list] Re: IFGETD contract

[Viking Coder]

> >Ah. Yes. I didn't pick up on that distinction. I guess they're
> >ready to change the price of e-gold a number of times a day
> >if they think necessary. A good proxy for the price of gold.
> >
> 
> Right -- I think they do tend to change it a couple of times during 
> the day actually (or, maybe that's just what i've noticed the last 
> few days)

e-gold usually changes their exchanges rates an avg. of 11 times a day.
Then there are times when e-gold's rates don't change for days at a time.

http://www.e-gold.com/unsecure/metaldata.asp


Viking Coder

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

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[e-gold-list] Re: IFGETD contract

[jpm]

>Suppose you put in an order for $1000 worth of gold

It does not function like a normal (say, copper on the Nymex) futures 
contract Ken --

Rather, it's a more like a cash settled one or an index contract; 
there is no physical delivery.

That's the "I.F." indefinite future part.

Read the long note at the bottom of the first page for a rational of 
this. In short, it would be useless trying to enforce delivery with 
so LITTLE volume, default would be rife. So it's a different type of 
contract.

> on 5 grams margin, and
>you want to actually take delivery - How do you take delivery of your
>contract at Bamdex?

You don't; you just go buy your $1000 worth of USD and also at that 
time take delivery of (I mean close) the Bamdex contract, and that 
contract will pay the exact difference, as if you'd bought $1000 
worth at the time your contract opened!

Hedging!

In fact here's a thing: a market maker could now offer a combined 
service where you take out $1000 worth "now" but don't pay till 
"then" but get "nows" price --- using a bamdex contract.

Any MM care to do it?  Be the first MM to offer future pricing?

The whole financial world starts with derivatives.

(Of course, obviously this would be impratical at the moment as there 
is trivial volume of the IFGETD contract.)

>
>Ken


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[e-gold-list] Re: IFGETD contract

[Bob]

Ken Griffith wrote:
> 
> Suppose you put in an order for $1000 worth of gold on 5 grams margin, and
> you want to actually take delivery - How do you take delivery of your
> contract at Bamdex?

Get out of your contract. Now you have just e-gold (hopefully
there's some left), and no contracts. Tranfer it to your e-gold 
account.

Bob

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[e-gold-list] Re: IFGETD contract

[jpm]

>> Bob, sorry if it isn't clear.  It's actually THE PRICE OF E-GOLD.
>
>Ah. Yes. I didn't pick up on that distinction. I guess they're
>ready to change the price of e-gold a number of times a day
>if they think necessary. A good proxy for the price of gold.
>

Right -- I think they do tend to change it a couple of times during 
the day actually (or, maybe that's just what i've noticed the last 
few days)



>> It's an USDollar-against-egold contract.
>>
>> Since there's 2-4 million per day in e-gold transactions (approaching
>> 1% of the level of the NZ Dollar!) it seems a good
>> price-information-source to trade the USD against.
>
>Yes. I think it's a very good source.
>

Great!

>This is an excellent trading capability that you've created here,
>JP. It's super!

Thanks!

Unfortunately there is of course a very limited market for something 
like that -- of all the active egold users, I imagine only a few 
score are interested in trading the price of gold.

Of everyone on this mailing list, probably only a handful !

Even an "ad on the spend page" would be of little use in this case :) 
It's not like selling books.

Nevertheless, it's there and it works perfectly, if anyone wants to 
trade the price of gold.  Tell a friend.

>
>Bob




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[e-gold-list] Re: Defense Fund - Update

[Viking Coder]

> It is not a fight against e-gold.  It is a defense against the fact of being
> sued.

Donating to a fund that will be used against somebody/some corporation
that you have a grudge against doesn't have anything to do with it?

If this is just a defense fund for defendants of lawsuits, why single out
Charles Evans (and his daughter) as the sole recipient of the donated
funds?


> Secondly, for those that do not know who Charles Evans is, here is some
> information which was posted a few days ago on this Discussion Board:
> ~~
> Gold & Silver Reserve, a multi-million dollar company are Suing a
> former employee whom they sacked without notice last year.

The following document link was posted on this discussion list on Jun 27.
http://www.systemics.com/legal/affidavit_BD2.txt

It is no longer a viewable document. It is still there, but the
permissions have been changed.

In the above document, it was stated that Charles Evans was not the model
employee and his termination was not without cause. It stated that he did
not do any work on the last project assigned to him; he mainly spent his
time bad-mouthing Doug's abilites and decisions. Something which seems to
be popular on this list.

There is a reason why a few people are asking for actual facts about this
lawsuit. It is possible, anything is possible, that Charles Evans actually
deserves this lawsuit. It is possible that all of G&SR's allegations are
true and factual to the letter. However, the converse is also true.
Without facts, we cannot discern one possibility from the other. Without
facts, we are simply choosing sides based on our personal feelings and/or
grudges.


Viking Coder

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

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[e-gold-list] Re: IFGETD contract

[Ken Griffith]

Suppose you put in an order for $1000 worth of gold on 5 grams margin, and
you want to actually take delivery - How do you take delivery of your
contract at Bamdex?

Ken
- Original Message -
From: "Bob" <[EMAIL PROTECTED]>
To: "e-gold Discussion" <[EMAIL PROTECTED]>
Sent: Sunday, July 01, 2001 10:06 PM
Subject: [e-gold-list] Re: IFGETD contract


> [EMAIL PROTECTED] wrote:
> >
> > >JP,
> > >
> > >How often is the price of gold calculated for the IFGETD contract?
> > >Once a day?
> >
> > Bob, sorry if it isn't clear.  It's actually THE PRICE OF E-GOLD.
>
> Ah. Yes. I didn't pick up on that distinction. I guess they're
> ready to change the price of e-gold a number of times a day
> if they think necessary. A good proxy for the price of gold.
>
> > It's an USDollar-against-egold contract.
> >
> > (So, Jay could be a cheater by temporarily changing the price to the
> > advantage of his contracts! :) )
> >
> > The price is checked every single time anything is "done" on the
> > system. So, you look at your personal details page, the price is
> > checked at that instant.
> >
> > You close a contract, the price is checked at that instant, you look
> > at the "live stats" page, the price is checked at that instant - and
> > so on.
> >
> > Since there's 2-4 million per day in e-gold transactions (approaching
> > 1% of the level of the NZ Dollar!) it seems a good
> > price-information-source to trade the USD against.
>
> Yes. I think it's a very good source.
>
> This is an excellent trading capability that you've created here,
> JP. It's super!
>
> Bob
>
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> 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: IFGETD contract

[Bob]

[EMAIL PROTECTED] wrote:
> 
> >JP,
> >
> >How often is the price of gold calculated for the IFGETD contract?
> >Once a day?
> 
> Bob, sorry if it isn't clear.  It's actually THE PRICE OF E-GOLD.

Ah. Yes. I didn't pick up on that distinction. I guess they're
ready to change the price of e-gold a number of times a day
if they think necessary. A good proxy for the price of gold.

> It's an USDollar-against-egold contract.
> 
> (So, Jay could be a cheater by temporarily changing the price to the
> advantage of his contracts! :) )
> 
> The price is checked every single time anything is "done" on the
> system. So, you look at your personal details page, the price is
> checked at that instant.
> 
> You close a contract, the price is checked at that instant, you look
> at the "live stats" page, the price is checked at that instant - and
> so on.
> 
> Since there's 2-4 million per day in e-gold transactions (approaching
> 1% of the level of the NZ Dollar!) it seems a good
> price-information-source to trade the USD against.

Yes. I think it's a very good source.

This is an excellent trading capability that you've created here,
JP. It's super!

Bob

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[e-gold-list] bamdex

[jpm]

Some bullish person just took out the two "down" contracts that were 
waiting for a partner and added an "up",
https://www.bamdex.com/cgi-bin/review.cgi

There are now one dozen ! contract sides and
http://www.e-gold.com/publicbalance.asp?pubid=501501
91 grams in the bamdex system.

When will there be 100 and a kilogram??  (Probably never!)


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[e-gold-list] Re: IFGETD contract

[jpm]

>JP,
>
>How often is the price of gold calculated for the IFGETD contract?
>Once a day?

Bob, sorry if it isn't clear.  It's actually THE PRICE OF E-GOLD.

It's an USDollar-against-egold contract.

(So, Jay could be a cheater by temporarily changing the price to the 
advantage of his contracts! :) )

The price is checked every single time anything is "done" on the 
system. So, you look at your personal details page, the price is 
checked at that instant.

You close a contract, the price is checked at that instant, you look 
at the "live stats" page, the price is checked at that instant - and 
so on.

Since there's 2-4 million per day in e-gold transactions (approaching 
1% of the level of the NZ Dollar!) it seems a good 
price-information-source to trade the USD against.

I'll have one of the Bamdex members make it clearer on the bamdex 
members site that that is the case.

About 10 contract sides now!



>
>Bob
>--

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[e-gold-list] IFGETD contract

[Bob]

JP,

How often is the price of gold calculated for the IFGETD contract? 
Once a day?

Bob
-- 
 http://www.constructiongigs.com/

Use gold as money. It's easy. Create a free e-gold account here:
http://www.e-gold.com/e-gold.asp?cid=101670

ConstructionGigs.com's PGP public key is here:
http://www.constructiongigs.com/assets/DH-DSSkey.txt
Fingerprint:
3C4D A63F 3C8B 2D7B 7E1A FFE8 9A2E 4D78 CAD6 66B7

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[e-gold-list] Re: please help

[Dagny Taggart]

I have been able to find the answer to my previous
question, thanks to Trill's wonderful and
comprehensive site and search capabilities.

http://tril.tunes.org/e-gold/links.html

Thank you for having such a great, comprehensive and
easy to use e-gold directory.

Dagny

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[e-gold-list] Please cancel my Eurocredit account, immediately

[Graham Kelly]

Garry Stroud,

I would like you to cancel "my" EuroCredit "bank" account, as I never
applied for it in the first place. The EuroCredit account number is 103346,
and at last attempt, was unaccessible as Chance revoked the password.

Also, numbers of people have "spent" EuroCredit credits into this account.
As I don't have access to this account, could you please return these
"funds" to the senders?


Graham Kelly CEO
GoldNow Corporation http://www.GoldNow.St
Fax +1(312)777-4270 or +1(509)278-2268
UK Phone/Fax +44 (0)709-233-7612
USA Phone +1(817)238-9955 or cellphone +1(817)266-1678

If you would like a free e-gold, Standard Reserve, or OSGOLD account,
please apply at my site!



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[e-gold-list] Please help

[Dagny Taggart]

Could someone please provide the link for the
comparison chart of 
privately issued gold currencies?

I have benn unable to find it.

Thank you!

Dagny

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[e-gold-list] Subscribers

[George Matyjewicz]

Hi:

Do we have a count of the number of subscribers to this list?

TIA

George

__
George Matyjewicz,  President/General Manager
Standard Transactions (BVI) Limited
World Wide Currency for the World
http://www.standardreserve.com
mailto:[EMAIL PROTECTED]


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[e-gold-list] Yes_Lloyds_FDIC

[George Matyjewicz]

At 6/30/2001 04:50 PM -0500, you wrote:
>Hello!
> >
> > Details of the policy will be forthcoming.  Probably next week.
>
>If possible, please post these details to the e-gold list. I think account
>insurance against unlawful entry is GREAT. I'm hoping that E-Gold LTD will
>follow suit, if this type of insurance is possible.

I will, if there is an interest.  In this weeks Standard Reserve 
newsletter, we had  three sentences, seeking to see what the interest 
was.  If anybody is interested, please read and click on the link.  It is 
merely a tally now to see the interest.

Some folks have wondered whether they can get special FDIC-like insurance 
on their accounts, so they could maintain a balance of $50,000 or 
$100,000.  So, we contacted our friends at Lloyd's of London, and we can 
have a special program for you at a reasonable price.  If you are 
interested, click on this hyperlink so we can tally the 
interest.  mailto:[EMAIL PROTECTED]?subject=Yes_Lloyds_FDIC

George

>Thanks,
>
>Craig Haynie

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http://www.standardreserve.com
mailto:[EMAIL PROTECTED]


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[e-gold-list] Re: Insurance for Unauthorized Access / fone 860-277-0111

[Bob]

Which reminds me.



Anybody know if Doug ever got e-gold off of the Windoze operating
system? It can be made pretty secure but with a lot of unnecessary 
work. And, it can be kept pretty secure but with a lot of unnecessary
work. Wasting scarce or non-renewable (time, energy) is not too cool.

Bob

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[e-gold-list] Re: Defense Fund - Update

[Bob]

Chris Lord-Van Voorst wrote:
> 
> There are those of us on the e-gold list who don't even know who Charles
> Evans is.  No one has yet to explain why Evans deserves funding in his
> fight against e-gold.  If there's more to the story, I'd like to hear it.
> Until then, any pleas on Evans' behalf are meaningless, in my opinion...
> 
> Chris Lord-Van Voorst

Chris,

People fear frivolous law suites now a days so you probably 
won't get much history from this list. 

However, this is a great example of the importance of reputation 
capital. This list is almost 2 years old now. Both on and off list, 
Charles and Ian have built impecable reputations. Doug has built a 
reputation also. Reputations are built by what one says and doesn't 
say. By what one does and doesn't do. On list and off. A single action
can ruin the value built of years of what you say and do. Charles and 
Ian understand this and take their reputations dead seriously. I have 
no doubt about those two. I'd put money up for Charles in a heart beat.
And I have.

And, as a shareholder in G&SR, I'm really, really dissapointed
in Doug and Barry, and think Doug's CEO butt should be fired. I
believe chairman of the board is the appropiate place for Doug's
butt.

I think these suits (according to a Bob Hettinga post to his list, 
Ian was served again in Edinburgh, "They got Ian Grigg, too.") that 
Doug has decided to pursue are going to turn out to be a substantial 
negative for e-gold and the value of my shares. As Khurram Khan a 
while back on this list pointed out, there is no mystery to starting 
a private gold backed currency business. Time will tell.

Did you miss this post?

> Subject: 
> [e-gold-list] Termination of services to DigiGold II
>   Date: 
> Wed, 20 Jun 2001 01:04:50 +0100
>   From: 
> "R. A. Hettinga" <[EMAIL PROTECTED]>
> To: 
> Digital Bearer Settlement List <[EMAIL PROTECTED]>
> 
> 
> --- begin forwarded text
> 
> 
> Status:  U
> Date: Tue, 19 Jun 2001 16:41:04 -0400
> From: Bob <[EMAIL PROTECTED]>
> Reply-To: [EMAIL PROTECTED]
> Organization: Bearerinstruments.com
> To: "e-gold Discussion" <[EMAIL PROTECTED]>
> Subject: [e-gold-list] Termination of services to DigiGold II
> 
> > Subject:
> > [Webfunds-users] Termination of services to DigiGold II (June
> >19th)
> >Date:
> > Tue, 19 Jun 2001 11:21:58 -0400
> >From:
> > "Jeroen C. van Gelderen" <[EMAIL PROTECTED]>
> > Organization:
> > Systemics Inc.
> >  To:
> > WebFunds Users <[EMAIL PROTECTED]>
> >
> >
> > L.S.,
> >
> > On 21 May 2001 Ian Grigg announced that Systemics Inc. would
> > cease supporting DigiGold on the 25th of May 2001 due to
> > non-payment leading to termination of the contract between
> > both parties.
> >
> > In a subsequent email this shutdown date was pushed forward by
> > one week to give DigiGold users a bit more time to take action.
> >
> > Tuesday 29th of May an injunction was filed against Systemics
> > to prevent us from shutting down the DigiGold Issuance Server.
> > The matter was deferred until the 19th of June.
> >
> > This morning we went to court 9:00 (GMT-4). The judge heard
> > the case in private chambers so we do not have all the details.
> >
> > We know our counsel proposed that the injunction could be
> > sustained if DigiGold were to pay our operational costs. The
> > opposition apparently did not accept this offer.
> >
> > The net-effect is that the judge decided to discharge the
> > injunction and to award Systemics costs.
> >
> > We are still faced with an unfortunate situation: Systemics
> > has operated the DigiGold Issuance Server at it's own expense
> > for the past year. We can no longer afford to do so as this
> > negatively impacts our paying customers.
> >
> > We have therefore decided to take the DigiGold Issuance Server
> > offline. That will happen today (June 19th).
> >
> > For DigiGold users this means that it will no longer possible
> > to make payments in any of the four DigiGold metals.
> >
> > We regret any inconvenience this may cause.
> >
> > Regards,
> > Jeroen
> > --
> > Jeroen C. van Gelderen - [EMAIL PROTECTED]
> >
> >
> >
> > ___
> > WebFunds-Users mailing list
> > [EMAIL PROTECTED]
> > http://www.webfunds.org/mailman/listinfo/webfunds-users
> >
> 
> ---
> You are currently subscribed to e-gold-list as: [EMAIL PROTECTED]
> To unsubscribe send a blank email to [EMAIL PROTECTED]
> 
> --- end forwarded text
> 
> 
> -- 
> -
> R. A. Hettinga 
> The Internet Bearer Underwriting Corporation 
> 44 Farquhar Street, Boston, MA 02131 USA
> "... however it may deserve respect for its usefulness and antiquity,
> [predicting the end of the world] has not been found agreeable to
> experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'
> 


Or this one:


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

[e-gold-list] Re: Defense Fund - Update

[SnowDog]

> Mr Evans has categorically disputed these alleged claims and is now
> struggling to find the 10,000 dollars required to defend himself and
> his family against this heavy handed attack as a reward for the
> loyalty he displayed whilst working for e-gold.

What damages is G&SR seeking? It's not possible to sue without seeking
damages?


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