[e-gold-list] Re: Gold-backed Digital Currency
> Annual production and demand are not relevant when it comes to > determining the long term price of gold. At best, they are only short > term influence. The reason is because of a very large above ground > inventory that is at least 40 times larger than annual > production/demand numbers. The past decade saw a steady > annual deficit which was covered by gold dumped on the market by > various sources holding inventory including mostly central banks > and bullion banks playing the "gold carry trade". The price of gold is the intersection of supply and demand curves. Gold has two demands -- demand for consumption and demand for investment (inventory building/bullion stockpiling). The non-investment demand (a.k.a non-monetary demand) is determined by the marginal revenue product of gold in industry. This will be like any other industrial input, subject to dimising returns the more it is used, and thus its demand curve will be downward sloping. The supply of gold is made up of mining and recycling supplies, and the supply function is similar to that of other competitive industries (i.e. number of firms is that which minimises average cost, price equals margin costs, supply is an increasing function of price etc.). The price of gold can therefore be modelled as a traditional supply/demand curve graph. The price can be read from the graph by finding the price where the surplus (supply less non-monetary demand) equals the gold accumulation. In the case of a sharp accumulation the price of gold would rise, reducing non-monetary demand and increasing supply, in the case of a reduction in accumulated stocks the price of gold would fall, increasing non-monetary consumption and reducing supply. In the long term the price of gold is tedetmined by the marginal cost of extraction and the marginal revenue product in industry, in the short term it is influenced by inventory accumulation or reductions. David Hillary --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
[e-gold-list] Re: Gold and Gambling
Hey, the last time I checked the Federal Constitution there was nothing giving the government a monopoly on gambling--but I did find the ninth and tenth amendments prohibiting them from doing this. As you mentioned Washington State claims a monolpoly on gambling but as you surely know there are many many casinos where you can gamble within the borders of Washington State. You can gamble on the Indian reservations (and disputed land that is supposed to be an indian reservation like Tacoma), such as Nisqually, Tulalip, Tacoma, Shoalwater, Steamboat Island.. I think the Squaxins have a casino now as well. As Indian Reservations are on equivalent level as States, they can have all the gambling & other "freaky" laws they want. Most states (with the exception of Nevada and Montana but I'm sure there are others) ban gambling, and Nevada state law currently prohibits online gambling (due to the mafia/casino lobby), there are no such laws on the Indian Nations which reside in our borders. As Washington (along with New Mexico) are the last hold outs for Native Soverignity, I suggest that you take your plans "offshore" to an Indian Reservation instead of abandoning them. The great part of this is that you are still in the US. As a knife merchant, I trade with the Nisqually, Shoalwater and Quinault Indians periodically. I could assist you in locating tribal leaders who are sympathetic to your cause. Its not that the NAZIs in Olympia don't illegally raid the tribal casinos from time to time but for the most part they are operational. Hey, they sell "illegal" fireworks & "illegal tax free" cigarettes as well but rarely get busted. Why not an online casino. If you are seriously intrested there are many other tribes that many be intrested as well. And I don't even trade with the more powerful Indian Nations such as the Yakima and Colville. Whats more illegal, online gambling or the unconstitutional Federal usurpation of power? I feel it's the latter. Zach Smith http://www.sasquatchvalley.iwarp.com --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
[e-gold-list] Re: Gold and Gambling
>So it P2P file sharing. I laugh my ass off every time some would-be >on-line gambling entrepreneur complains that "I cudda been a conteda >but the Feds wouldn't let me." Grow up. Anyone who even considers >operating an on-line, U.S.-based, casino, sportsbook, lottery, >raffle, and is surprised at the State AJ or DoJ response is naive in >the extreme. I looked into these ventures in '95 and had an opinion >from a leading gaming law firm prepared. It was all pretty-well >spelled out then. Doing all these things is possible but one must >think things through a bit better and carefully use jurisdictional >arbitrage is success is to be at all possible. > >steve Steve, to some extent it is (annoyingly) a bit worse than that. The "obvious" ploy FOR AN AMERICAN CITIZEN, who wants to run an online casino, is to start a company in say Antigua .. Antigua Investments Corporation, lets say, and then have AIC run the company. Then, AIC can send profits back to another company (or perhaps an individual) in the US. Quite simply, though Steve, every American citizen who has done this, is now in jail. Over the last 5 years, things have "gotten worse". Courts in numerous states will pierce either corporate protection or offshore protection (If the entity is offshore .. but you are deemed to be "operating" it, you're cocked. "Operating" is utterly subjective, of course, and the Govmint wins.) There's a simple word for this: Totalitarianism, which is what America is heading towards. On an other legal question, regarding US Citizens *playing at* online casinos, this is NOT a settled legal question. In fact, quite simply (i) no US Citizen has ever been prosecuted or gotten in trouble for gaming at online casinos, and moreover, (ii) there havce been many, many legall situations where parties have openly admitted to playing at online casinos [for example, when losers sue Visa to recover money they have lost at online casinos .. you know, "its visas fault for addicting me"] inside the law -- without that person being prosecuted (or persecuted). From time to time there's all sorts of plans to have federal legislation enacted, but nothing ever comes of it --- for the extremely simple reason that the internet onlly exitsts because of porno and online gaming, and Visa just shuts up any Senators or Congressmen who make pathetic noises about banning it. Indeed Nevada recently almost LEGALIZE running online casinos, but they ended up dropping the issue. Again, it's worth remembering that, what, 85% of online financial transactions are online casinos or porno, so, Visa / MC won't let the Pols "kill the goose" --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
[e-gold-list] that "one ounce for a suit of clothes" nugget
There's an "old saying" that "a man's reasonable suit of clothing .. such as a merchant might wear [neither a king nor a serf] ... has ALWAYS COST about ONE OUNCE of gold" That's roughly true -- for $300 today you can get a pair of Nikes and polo shirt and some undies and a pair of Levis or slacks. (See caveat below.) And people dig up historical examples from Roman times, etc. This is and interesting observation and says something anecdotal abotu the nature of inflation and money, etc etc. Go gold! One interesting caveat though: it's important to note that, IN THE LAST 100-200 years, due to the mind-bending advances in technology caused by the progress of laissez-faire capitalism, there has been INCREDIBLE decreases in costs of production of stuff (or, increase in quality, which is the same thing) Thus consider my example above about levis, nikes, ralph lauren etc note that for MUCH LESS, say $50 or even less, you CAN get absolutely acceptable clothes --- you can pop into Target or K-Mart and get a simple business shirt ($5), pants ($10), undies ($5) and a nice pair of canvas shoes ($10) ... all of which would FANTASTICALLY EXCEED in quality anything anyone could get before a few hundred years ago. So, the old saying "a man's reasonable suit of clothing has ALWAYS COST about ONE OUNCE of gold", is a great observation and very interesting, but, it is worth remembering that die to the incredible technological advances of the last couple centuries, real prices have actually DROPPED substantially. >| I heard a statement at a conference last week that Christ's robes cost 30 >| grams of gold, or the equivalent value in today's dollars of approx >| $262. Which is close to the same price one might pay for a suit of clothes >| today. Therefore, in 2,000 years gold has been stable. > >Roman legionaires were payed 1 aureus per month - about 7 grams of gold. Seems >like an expensive suit, though not impossible. --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
[e-gold-list] Re: Gold-backed Digital Currency
"C. Cormier - Ormetal Inc." wrote: > > Thus the gold price would have to rise to roughly $5500 per ounce > ($25/1.26 * $275) for each unit of fiat currency to be 100% backed > by gold. Demand draws supply - if gold got that valuable, sources would be found, and the supply would reinflate. --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
[e-gold-list] Re: Gold and Gambling
At 03:39 PM 9/10/2001 -0400, eCurrencyCrawler wrote: > > > ...I am totally uninterested in online gambling, and I suspect that goes > > > for more people... > > > > There are also a LOT of other people who ARE interested in gambling. > > > >Both opinions are valid, heh, in my opinion. Although, here's the REAL >pitfall to online gambling - ILLEGAL IN USA! So it P2P file sharing. I laugh my ass off every time some would-be on-line gambling entrepreneur complains that "I cudda been a conteda but the Feds wouldn't let me." Grow up. Anyone who even considers operating an on-line, U.S.-based, casino, sportsbook, lottery, raffle, and is surprised at the State AJ or DoJ response is naive in the extreme. I looked into these ventures in '95 and had an opinion from a leading gaming law firm prepared. It was all pretty-well spelled out then. Doing all these things is possible but one must think things through a bit better and carefully use jurisdictional arbitrage is success is to be at all possible. steve --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
[e-gold-list] Re: It's all relative (was Re: Gold-backed Digital Currency
| I heard a statement at a conference last week that Christ's robes cost 30 | grams of gold, or the equivalent value in today's dollars of approx | $262. Which is close to the same price one might pay for a suit of clothes | today. Therefore, in 2,000 years gold has been stable. Roman legionaires were payed 1 aureus per month - about 7 grams of gold. Seems like an expensive suit, though not impossible. --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
[e-gold-list] It's all relative (was Re: Gold-backed Digital Currency
At 06:13 AM 9/10/2001 +1000, David Hillary wrote: >Gold stocks are like any other inventory, something which can be increased >by investment (surplus of production over consumption). The supply curve for >gold is upward sloping, like most supply curves, and thus an increased >demand for gold inventories would increase the price of gold. The increase >in price would reduce gold consumption and inventories of gold would rise. I heard a statement at a conference last week that Christ's robes cost 30 grams of gold, or the equivalent value in today's dollars of approx $262. Which is close to the same price one might pay for a suit of clothes today. Therefore, in 2,000 years gold has been stable. Of course, I would like to know where the 30 grams of gold statement came from, as I can't find it on Google. George __ George Matyjewicz, President/General Manager Standard Transactions (BVI) Limited http://www.standardtransactions.com http://www.standardreserve.com mailto:[EMAIL PROTECTED] Standard Transactions Agent Xchange http://128.121.218.67/stax/ --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
[e-gold-list] Re: Gold-backed Digital Currency
Claude, > > What are the comparable figures for fiat currency? Do you know? > > I don't have the number but I am sure it is very high. I would still like to know what it really is. Out of every $1000 in circulation how many $ change hands each day? I'd be surprised if it is anywhere near 10%. > But I don't think that the velocity matters. No matter how the velocity > of digital gold currencies and and the velocity of fiat paper > compares, the question remains.. what is supporting the value of > the fiat curency. What is supporting its value is: DEMAND. > If we want it to be supported by something else > than "a promise to pay", we need a 1:1 ratio between the > governement currency and the hard asset supporting its value. Velocity does matter because it is a direct factor in the demand. The reason is that you don't need so much currency if it is used more efficiently. Therefore, in the GBC eventuality the demand will be less than you expect based on present demand for less efficient fiat currencies. So in trying to anticipate what the price of gold would be if all money were gold (backed, at least) you can't simply divide the currency in use now (the current currency in use) by the stock of gold. You have to anticipate what the demand for the gold currency would be IF gold backed currencies were used. You may be right that fiat velocity is very high. I don't know. I'd be interested in real figures. But what makes me doubt that it compares favorably with e-gold the the following. Your typical check, ACH transfer or even wire transfer takes on the order of days to clear. This occupies the fiat for that period of time. To make the same payment with e-gold takes a few minutes (less if it is not done manualy). So while one fiat payment is being made you could use the same value of e-gold to make, say, 1000 payments. Thus to conduct the same amount of commerce might require .001 as much value of e-gold. Thus the commercial demand for gold (and hence the portion of the price of gold due to this demand) if e-gold were used for all commerce might be 1000 time less than you have estimated. Best, CCS *** Craig Spencer [EMAIL PROTECTED] *** --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
[e-gold-list] Re: Gold-backed Digital Currency
On 10 Sep 2001, at 6:13, David Hillary wrote: Hello David. > Gold stocks are like any other inventory, something which can be > increased by investment (surplus of production over consumption). Gold, unlike most other products, is not consumed for the larger part. It is accumulated (saved) in the form of jewellery, gold bars, coins. Most of the gold produced since man-kind exists is still available and held by someone as a store of value. Annual production and demand are not relevant when it comes to determining the long term price of gold. At best, they are only short term influence. The reason is because of a very large above ground inventory that is at least 40 times larger than annual production/demand numbers. The past decade saw a steady annual deficit which was covered by gold dumped on the market by various sources holding inventory including mostly central banks and bullion banks playing the "gold carry trade". Claude http://www.goldcurrencies.ca http://www.ormetal.com = Claude Cormier Public Key http://www.ormetal.com/keys/ClaudeCormier.asc = --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
[e-gold-list] Re: Gold-backed Digital Currency
Come on guys lets have some clear and logical thinking. Gold stocks are like any other inventory, something which can be increased by investment (surplus of production over consumption). The supply curve for gold is upward sloping, like most supply curves, and thus an increased demand for gold inventories would increase the price of gold. The increase in price would reduce gold consumption and inventories of gold would rise. The global stock of money includes all bank deposits, not just the monetary base of notes, coins and reserve/settlement bank balances. Individuals hold money to obtain interest as well as to make transactions, and thus there is a demand for money backed by interest bearing lending as well as liquid reserves, i.e. bank money. The stock of gold needed to support a gold monetary system is a small fraction of the stock of money, even if the monetary base were to be 100% gold backed. The price of gold would rise if the world were to adopt a gold monetary system, but not exceedingly greatly. It all depends on the elasticity of the supply and demand gold production/consumption, and the additional need for inventories a gold monetary system would demand. David Hillary --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
[e-gold-list] Re: Gold and Gambling
> > ...I am totally uninterested in online gambling, and I suspect that goes > > for more people... > > There are also a LOT of other people who ARE interested in gambling. > Both opinions are valid, heh, in my opinion. Although, here's the REAL pitfall to online gambling - ILLEGAL IN USA! That's right, online gambling is illegal for advertising to, and participation for, United States citizens. The ONLY individuals that can participate in an online gambling establishment are residents of those countries where the activity is actually legal. Anyone see any casinos in Las Vegas soliciting business on the Internet? Nope! You might see variations of advertising, but the variations are defined by lobbyists FOR Las Vegas casinos TO prohibit the activity... they feel that online casinos take away walk-in players... it's too easy to logon to the Internet and go play in an online casino. Thus, it's the money that talks and the US citizen that walks. It's sad but true. Now, raffles have an edge... small but there. I strongly suggest reading your local laws prior to participation in ANY game where, and this quoted from Washington State Government where I reside, "...COST, RISK, REWARD is a factor at any level" end quote. I know, that pretty much covers everything from waking up in the morning to eating fast food. Heck, the stock market holds those values... with one exception, IT'S TAXABLE! Yikes, I won't even go there... Trust me on this, I worked on an e-gold lotto for over 6 months... communicating with government on a state and federal level, only to be denied the right to operate ANY kind of activity that was even remotely related to gambling or wagering... and I had an AWESOME plan for the proceeds... didn't matter... denied - denied - DENIED! We can all thank congressman Bob Goodlatte from the sixth district of Virginia... here's a link: http://www.house.gov/goodlatte/netgambling.htm Prior to the establishment of this ridiculous piece of legislature, the defining lines were very slim... confining telephone wagering, hence the Wire Wager Act. Now things are a bit more harsh and defined. I can understand most of it and agree, although, it's nothing more than the US government trying to police the world again. You can locate more information regarding this subject in most any search engine, I use MetaCrawler and WebCrawler myself (what an anti-Ya-Who? crawler freak I am)... do a phrase search for "gambling prohibition act" (or similar variation) and you will locate quite a few references to articles and legal documents. Good reading for the uninformed online gambler. Quite a few people don't realize this and end up "in the shorts" when they report a bogus gambling outfit... the legal response is always the same... "You were participating in what?..." says the federal dept. while they plan to confiscate your equipment for violation of federal regulations. In the beginning, there were no laws... now the US is trying to corral the whole show... nice Democratic move with a sneaky Republican undertow. ...again, my "2 cents"... GODSPEED! (not a religious reference - look it up) RJ eCurrencyCrawler (there's that crawler thing again...) http://www.americonn.com --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
[e-gold-list] Gold and Gambling
Answering the Rick van Rein comments: > ...I am totally uninterested in online gambling, and I suspect that goes > for more people... There are also a LOT of other people who ARE interested in gambling. > And I imagine if I would be into gambling, that I'd want to see _real_ > lights flashing, not JavaScripted pixels. Wow, what a demolishing description of my site. "JavaScripted pixels"!? I think you should be more interested in winning a prize, not in flashing lights. If you want bells, whistles and lights, better watch a TV commercial. BTW, the more bells and whistles you put to a site, the more it takes to load. > Oh, and there's the matter of trust too, I suppose. What do you base your > random numbers on? How can I verify his payout scheme? Online cheating is > s easy with gambling games. Did you ever go to the Golden Raffle home page? As soon as you go to http://www.GoldenRaffle.com you can read a FAQ which explains everything. Once you read the whole thing you'll learn that is NOT possible to cheat at my raffle. Besides, what would you loose? Many people spend $5 in a lottery in which they have literally millions of times less probabilities of winning. 0.5 grams is not even 5 bucks now. > Anyhow, building a site is fun anyhow, and you always learn a few new > tricks and expand your library of cut/pasteable code... so it's > hardly ever waisted effort. I take such risks all the time, and never mind doing so. > Sooner or later, an initiative pays off bigtime!!! Maybe you don't mind because you already have a lot of money to waste in flops until something good comes out. But that's unfortunately not my case. Cheers, Alexis. mailto:[EMAIL PROTECTED] http://www.restyoureyes.com http://www.mastercrypt.net --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
[e-gold-list] eCurrencyCrawler Search Engine
Hello everyone. Just wanted to send an email to the list as a reminder/notice for new and established merchants accepting e-gold®. Submit your website to eCurrencyCrawler. We are "The World's Largest eCurrency Search Engine" and Directory Listing for eCurrency Merchants, Exchanges, Games and Investment Opportunities. eCurrencyCrawler http://www.americonn.com For those that are new or do not know - eCurrencyCrawler is not a simple list of sites. eCurrencyCrawler is a complete indexing crawler, similar to Go and engines powered by the Inktomi engine such as MSN Search, HotBot and AOL Netfind. We're not a multi-thread like AltaVista, but we can pull the weight. Webmasters can also add their site to our exclusive e-gold® merchant catalog/directory. Only e-gold® associated organizations are accepted. Go to: eCurrencyCrawler's e-gold® Directory http://www.americonn.com/catalog/index/directory/ Our monthly statistics are on the upside for unique visitors, page-views and hits. In this economy of waves and landslides, we're quite pleased with these statistics. We're posting these statistics in simple format at: eCurrencyCrawler Site Statistics http://www.americonn.com/site_statistics.htm We're still finalizing our enhanced advertising options. This process is taking a bit longer than we anticipated. Stay tuned... we love to try and blow the competition away... ;] Also, before I forget, our main goal over here is to promote global eCommerce using the popular eCurrencies available. If you have banners that promote your site, we want'em. It's free to get your banners at eCurrencyCrawler in the search results and the banner exchange. BRING'EM ON OVER. :) With that, have a great day everyone... GODSPEED to all. Sincerely, RJ LeVeque eCurrencyCrawler http://www.americonn.com --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
[e-gold-list] Re: Gold-backed Digital Currency
Claude, This is an interesting question. > > If the entire world switched to using e-gold today, for all their > > direct debit financial transactions, is there enough "gold" currently > > available to "back it?" > > Sure. The price would simply have to go up. Yes, but there is another factor which perhaps you will have the facts to elucidate. > It is estimated that there are 140,000 tons of gold in global world > reserves (of which e-gold has almost 2 tons) worth approximately > $1.26 trillions. > > The money stocks of fiat currencies are estimated at 25 trillions in > USD equivalent. > > Thus the gold price would have to rise to roughly $5500 per ounce > ($25/1.26 * $275) for each unit of fiat currency to be 100% backed > by gold. It might not actually have to go so high to do the job. How much e-gold would actually be needed? This depends on how efficiently it is used or how fast it circulates. Currently on the order of 10% (sometimes less, sometime more) of the total backing value of e-gold circulates EVERY day. What are the comparable figures for fiat currency? Do you know? If, as I suspect, e-gold is much more efficient than fiat currency and circulates with a much higher velocity a much smaller value of e-gold might be required to support the same trade. Best, Craig --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
[e-gold-list] Re: ||||| Slow Debit Cards ||||||||||||||| |||||||||||||||||||||||||||||||||||||||||||||||||||
At 05:55 PM 9/10/2001 +1000, [EMAIL PROTECTED] wrote: >Hello everyone :) >Jonathan Regan here. > >Just thought I'd post publically that I'm very >annoyed because I ordered and PAID for a >Standard Reserve debit card over 5 weeks >ago. It still hasn't arrived. And I would be too. Which I'm sure you can now understand why we had to switch card processing companies. We simply outgrew the old card processing company, and had to find one that could process in a time period that is acceptable to us and to our customers. Many of our accounts reported delays of 8-10 weeks, which is ridiculous. With the new Cashlinks card, accounts that have been approved have been processed and delivered within 3-5 days. Our initial pilot test was for 400 accounts in Japan and they arrived within 72 hours of receipt of the order. Last week we had folks ordering cards from all points on the globe, and the longest time was five days (which was to Australia). Does this mean you will get your card within seven days? Absolutely not! At least not if your information is not clear. I know, as MINE was REJECTED twice!!! We require additional information to comply with the anti money laundering laws of most civilized countries. And if that declaration form comes in clearly, you card is processed quickly. And thank you for bring this issue to my attention and for giving me this opportunity to clear the air. George __ George Matyjewicz, President/General Manager Standard Transactions (BVI) Limited http://www.standardtransactions.com http://www.standardreserve.com mailto:[EMAIL PROTECTED] Standard Transactions Agent Xchange http://128.121.218.67/stax/ --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
[e-gold-list] Re: Gold-backed Digital Currency
On 8 Sep 2001, at 9:42, David Barrington wrote: > If the entire world switched to using e-gold today, for all their > direct debit financial transactions, is there enough "gold" currently > available to "back it?" Sure. The price would simply have to go up. It is estimated that there are 140,000 tons of gold in global world reserves (of which e-gold has almost 2 tons) worth approximately $1.26 trillions. The money stocks of fiat currencies are estimated at 25 trillions in USD equivalent. Thus the gold price would have to rise to roughly $5500 per ounce ($25/1.26 * $275) for each unit of fiat currency to be 100% backed by gold. For sure gold will trade to new highs (above USD 850) this decade, but it would be extremely surprising if we reach $5500. However, as digital currencies progressively replace paper currencies in the next few decades, the odds are strong that private digital gold currencies will have a much larger share of the currency market helping the price of gold in USD and other fiat currencies. Claude http://www.goldcurrencies.ca http://www.ormetal.com = Claude Cormier Public Key http://www.ormetal.com/keys/ClaudeCormier.asc = --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
[e-gold-list] Books
Hi Guys The software has gone but I still have three books I want to get sell for e-gold They can be seen at: http://www.tarasvirtualstudio.com/books.html I'll take an offer for all three too! Thanks T. --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
[e-gold-list] Political Art Acution on Ebay (RE: Gold-Age SS-Raid)
Below are links to current artwork ebay auctions whose topic is the March 2001 SS-Raid on Gold-Age (e-gold and other value-backed currencies are accepted). For more information on this tragic event see http://www.gold-age.net/ldf/ldf.html - "Rage" http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=1464345211 "Elements of Rage" http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=1464343589 "Rage II" http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=1464347465 "Rage III" http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=1464348393 "Contemplation of Rage" http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=1004242053 "Is It True?" http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=1004242564 "USA -- The New Fascist State?" http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=1464349851 - --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
[e-gold-list] TOTALLY free
WELL written, EXCELLENT grammar, PROPERLY researched, USEFUL links, and completely FREE: http://www.bananagold.com/bob.html --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
[e-gold-list] Re: Gold-backed Digital Currency
- Original Message - From: "David Barrington" <[EMAIL PROTECTED]> To: "e-gold Discussion" <[EMAIL PROTECTED]> Sent: Saturday, September 08, 2001 11:42 PM Subject: [e-gold-list] Gold-backed Digital Currency > Question ??? > > If the entire world switched to using e-gold today, for all their direct > debit financial transactions, is there enough "gold" currently available > to "back it?" > Answer: Yes! But... It's not going to happen. One currency (or transaction system) will never have 100 percent market share on financial transactions, and even if gold-back currencies had 100 percent, other GBCs would have some market share. Even if e-gold had 100 percent, then other e-metals would be purchased and used long before all the available gold in the world were bailed into the e-gold system. One may calculate the current value of gold against the quantity of gold and the current value of such transactions conducted worldwide if one has the data, and claim that there is not enough gold to cover that much money worth of transactions, but (regardless of the actual quantity of gold or global direct debit transactions) if all the gold were demanded for these transactions (that ain't going to happen) then the price would rise sufficiently to buy all the gold, and *that price* multiplied by the quantity transacted would be sufficiently high to match the entire world's direct debit transactions. Ian Green http://two-cents-worth.com/?107242 e-gold estas monda mono! [Esperanto] e-gold is world money! [English] --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
[e-gold-list] Re: Gold-backed Digital Currency
David Barrington wrote: >Question ??? > >If the entire world switched to using e-gold today, for all their direct >debit financial transactions, is there enough "gold" currently available >to "back it?" > Probably not at $300 an ounce but there would be at some much higher price. -- Life, Love and Laughter, Dale Pond Sympathetic Vibratory Physics Sacred Science - Sacred Life http://www.svpvril.com SVP Discussion Forum: http://groups.yahoo.com/group/svpvril/ --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
[e-gold-list] RE: Gold-backed Digital Currency
-BEGIN PGP SIGNED MESSAGE- Hash: SHA1 Hello David, very good question! > If the entire world switched to using e-gold today, for all > their direct > debit financial transactions, is there enough "gold" > currently available to "back it?" Basically yes - but that would mean that gold will cost much-much more than in costs today as there will be much bigger demand for it. Maybe you can buy good shoes with 1 gram then... Regards, Paul Vahur IceGold http://www.icegold.com -BEGIN PGP SIGNATURE- Version: PGP 6.5.8 iQA/AwUBO5x6TkkfcBeFLocdEQLPpQCfdc2EAJyP0lsRPZadD+kv8jonsKYAnjDz Rmz/uK8red9MyxPXJ4Ip/J1+ =zV5N -END PGP SIGNATURE- --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
[e-gold-list] ||||| Slow Debit Cards ||||||||||||||| |||||||||||||||||||||||||||||||||||||||||||||||||||
Hello everyone :) Jonathan Regan here. Just thought I'd post publically that I'm very annoyed because I ordered and PAID for a Standard Reserve debit card over 5 weeks ago. It still hasn't arrived. Yes, I understand they have changed to the new CashLinks cards, but I also understand what it is like to be told something will arrive soon, and then it simply doesn't ... I really hope that Standard Reserve maintains its customer support standards, and I sure hope my debit card arrives soon. Anywhere in the world in 7 business days? Rubbish. How about 5 weeks? How about 4 weeks since I sent my debit card application, details etc for the new CashLinks cards? Not 7 days. Is anyone else experiencing incredible delays ??? Perhaps it is me, and yet I followed their instructions perfectly, and have been in contact with support numerous times ... I hope that once things get smoothed out, they will in fact be able to provide debit cards to an international audience within 7 days. Oh yes, and I live in Australia. Pretty easy to send stuff here right? Set the standards for the other gold currencies to follow! Sorry, just had to air my feelings, and satisfy myself that I'm not the only one who is waiting ... Cheers, Jonathan --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
[e-gold-list] Gold-backed Digital Currency
Question ??? If the entire world switched to using e-gold today, for all their direct debit financial transactions, is there enough "gold" currently available to "back it?" --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
