[e-gold-list] www.ozzigold.com is 3 years old!

2003-07-13 Thread Phil Stevens
Dear Australian e-gold users,

www.ozzigold.com is celebrating its 3rd birthday. To celebrate, we have
lowered our service fees and launched a new web design.
Any comments would be much appreciated.

Regards,
Phil
ozzigold.com
.

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[e-gold-list] Re: goldhedge idea (was Re: The example TGC is setting. (was: Re: The truth))

2003-07-13 Thread David Steele
> I recently saw this new goldhedge.com site, and I wondered why they are not
> offering the opposite service as well.
> They offer you a fixed US$ amount for your gold, but I think there would be
> at least equal interest for a service that offers a fixed amount Grams of
> gold for your $.
> That would be a very useful service for the market makers, because now they
> are taking risk when they accept a big order for e-gold at a certain rate,
> as the price of gold can easily go up by the time they get the check for the
> order.

In theory this is certainly true; however, from a practical standpoint, it
is more expedient for an exchange maker to wait until the customer has
delivered his funds before making such a commitment. It is simply not
reasonable to expect an exchange maker to assume this risk. Logic dictates
that it is incumbent upon the customer to transfer his funds to the
exchange maker before any transaction can occur.

> 
> Because goldhedge is using futures position to deliver their service, they
> could as easily offer fixed amount of gold for $ service.
> (and why not the same services for silver, platinum and palladium ?)
> 

We are certainly not opposed to providing hedging for the other e-metals.
Silver is the most likely possibility in the future. As for platinum and
palladium, these metals are not heavily traded, which means liquidity
(i.e. getting your orders filled) becomes an issue. We prefer to avoid
situations where we would have difficulty promptly meeting customer demand
for new hedges and redemptions.

> That would open a lot of possibilities.
> Let's say you can do a $ investment that will give you a 20% return by the
> end of the year.
> Interesting, but your fear is that the dollar will drop in the meantime,
> which could erase your profits.
> I know I will have $ coming in by year end , and I could go to goldhedge
> to fix the amount of gold I will get for these $ at near today's rates...
> If the dollar drops in the meantime it is no problem because I have hedged
> them against a fixed amount of gold...
> 
> 

Again, this is certainly a good idea and there are many investors who do
this world-wide on a daily basis; however, it is not likely be something
in which we would ever become involved. Among other things, it would
expose us to enormous amounts of government regulation and expense with
respect to money laundering laws, CFTC registration as a commodity pool
operator, etc., etc. In our current scheme of things, we are able to avoid
all of these issues. We prefer it that way... :-)

If someone is interested in hedging in this manner, I would suggest
opening a commodities trading account and having at it! We have used
Lind-Waldock in Chicago (http://www.lind-waldock.com) for many years and
are very pleased with them.

David Steele
[EMAIL PROTECTED]



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[e-gold-list] Re: goldhedge idea (was Re: The example TGC issetting. (was: Re: The truth))

2003-07-13 Thread James M. Ray
At 7:22 PM +0300 7/13/03, Danny Van den Berghe wrote:
...
>That's why I put risk free in quotes, because obviously you always have the
>risk that your currency goes down.
>But the opposite can also happen , that gold goes down in $ terms.

True,  but my point was that grams have no inflation-risk. With rates
that bad, CDs' risks seem great to me compared to just holding e-gold
and seeing what happens. The government that issues dollars has
recently seen a number of costs, not all of which may be reflected in
their price, yet. Grams will always be worth something. Dollars have
been a good bet so far, but that's past performance...  

...
>I recently saw this new goldhedge.com site, and I wondered why they are not
>offering the opposite service as well.
>They offer you a fixed US$ amount for your gold, but I think there would be
>at least equal interest for a service that offers a fixed amount Grams of
>gold for your $.
>That would be a very useful service for the market makers, because now they
>are taking risk when they accept a big order for e-gold at a certain rate,
>as the price of gold can easily go up by the time they get the check for the
>order.

Well, I think he reads this list, perhaps he will try it.

>Because goldhedge is using futures position to deliver their service, they
>could as easily offer fixed amount of gold for $ service.
>(and why not the same services for silver, platinum and palladium ?)
>

(Nobody but Jim Ray likes those three emetals) But hedging is
interesting! 
JMR

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[e-gold-list] goldhedge idea (was Re: The example TGC is setting. (was: Re: The truth))

2003-07-13 Thread Danny Van den Berghe
> >Not really a fair comparison.
> >The CD is a 'risk free' investment, meaning that your principal will be
paid
> >back to you at the end of the period.
> >So, the value of the CD cannot go down.
>
> On the contrary. The CD is paying between one and two percent, but
> in "normal" times that's not even going to keep up with inflation. Grams
> (which TGC's paying 7.2% on) don't inflate. While the share-price may
> or may-not be enough of a risk-premium for TGC shares to be a good
> buy vs a CD; CDs aren't exactly "risk-free" either.
> JMR


That's why I put risk free in quotes, because obviously you always have the
risk that your currency goes down.
But the opposite can also happen , that gold goes down in $ terms.

Leaving the currency risk aside, with the CD you have exactly your principal
amount back at the end of the period, while with stocks you don't know how
much $ or Grams of gold you will get for them in 1 or 2 years from now...

And you could also hedge your dollars.

I recently saw this new goldhedge.com site, and I wondered why they are not
offering the opposite service as well.
They offer you a fixed US$ amount for your gold, but I think there would be
at least equal interest for a service that offers a fixed amount Grams of
gold for your $.
That would be a very useful service for the market makers, because now they
are taking risk when they accept a big order for e-gold at a certain rate,
as the price of gold can easily go up by the time they get the check for the
order.

Because goldhedge is using futures position to deliver their service, they
could as easily offer fixed amount of gold for $ service.
(and why not the same services for silver, platinum and palladium ?)

That would open a lot of possibilities.
Let's say you can do a $ investment that will give you a 20% return by the
end of the year.
Interesting, but your fear is that the dollar will drop in the meantime,
which could erase your profits.
I know I will have $ coming in by year end , and I could go to goldhedge
to fix the amount of gold I will get for these $ at near today's rates...
If the dollar drops in the meantime it is no problem because I have hedged
them against a fixed amount of gold...



Danny






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[e-gold-list] freecashcards ?

2003-07-13 Thread J. D.
 Anyone used http://www.freecashcards.com/? .. any
suggestions?
 Thanks!
 Joe

 

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[e-gold-list] Re: e-gold Debit Card

2003-07-13 Thread Mark
Sir,

We can personally recommend the E-fidex Maestro card issued out of Loyal
Bank Ltd
http://www.e-fidex.com/Accepts e-gold deposits & good rates.

The E-bullion card is a great card also, fast performance on deposits is
very good here.
http://www.e-bullion.com

Finally, we are hoping that the MasterCard from DebitGold.biz will be very
good but mine is just now on the way. (very reasonable price)
http://www.debitgold.biz

We have a section listing many debit cards and brief descriptions on their
issuers.  I am sure you will also find several exchange providers who
offer excellent cards with fine service to back that up.

http://www.gold-pages.net/links/Debit_Cards/

Best of luck.

Alex
Gold-Pages.net
Gold-Stores.net


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[e-gold-list] e-gold Debit Card

2003-07-13 Thread J. D.
 Hi,
 Anyone could recommend me a good e-gold debit card? I
am looking for something similar with Steve Renner's
cashcard (with faster funding service thou..) I don't
say that cashcards is not a reliable company, and I
think that Steve is a honest man. The only problem is
that it takes 1 or 2 weeks for the card to be funded
wich is a major problem.
 Thank you,
 Joe


 

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[e-gold-list] Re: The example TGC is setting. (was: Re: The truth)

2003-07-13 Thread James M. Ray
At 10:36 AM +0300 7/13/03, Danny Van den Berghe wrote:
...
>> This is what my bank offered for CD's a month ago. (No typos)
>> CD (Minimum $1,000 for 2 years): 1.45%
>> CD (Minimum $10,000 for 2 years): 1.50%
>> CD (Minimum $100,000 for 2 years): 1.50%
>>
>
>
>Not really a fair comparison.
>The CD is a 'risk free' investment, meaning that your principal will be paid
>back to you at the end of the period.
>So, the value of the CD cannot go down.

On the contrary. The CD is paying between one and two percent, but
in "normal" times that's not even going to keep up with inflation. Grams
(which TGC's paying 7.2% on) don't inflate. While the share-price may
or may-not be enough of a risk-premium for TGC shares to be a good 
buy vs a CD; CDs aren't exactly "risk-free" either.
JMR


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[e-gold-list] Re: I can no longer recommend cashcards.net- it's a scam.

2003-07-13 Thread Lourens Human
 
> Yes, mine worked the last time I used it - I'll try today
> to withdraw money from my local ATM today to see if it is
> still in working order.

I had no problems to withdraw the available funds from my
local ATM. I'll try to transfer funds to the card an see
what happens!

Lourens

and I walked right into a 

 
==
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[e-gold-list] Re: The example TGC is setting. (was: Re: The truth)

2003-07-13 Thread Danny Van den Berghe

> >>> Even if full disclosure was given, 7.2% per annum is not exactly
> >>> breath
> >>> taking.
> >
> > Well, these days, looking at things like US banks, it's not all that
> > bad...
>
> This is what my bank offered for CD's a month ago. (No typos)
> CD (Minimum $1,000 for 2 years): 1.45%
> CD (Minimum $10,000 for 2 years): 1.50%
> CD (Minimum $100,000 for 2 years): 1.50%
>


Not really a fair comparison.
The CD is a 'risk free' investment, meaning that your principal will be paid
back to you at the end of the period.
So, the value of the CD cannot go down.

While stocks always carry a risk premium because they can fall in value and
you may have to wait many years to see it trade back at the price you bought
(if ever)



Danny




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