[e-gold-list] Re: Standard Reserve Funding
At 03:04 AM 2/9/2002 -0500, khurram wrote: I just read the last newsletter from Standard Reserve. They allow funding of an account directly for any SunTrust Bank branch in the US. Very nice! Khurram Khan At 03:04 AM 2/9/2002 -0500, khurram wrote: I just read the last newsletter from Standard Reserve. They allow funding of an account directly for any SunTrust Bank branch in the US. Very nice! Khurram Khan Thanks. And very shortly we will have an arrangement at another major bank, which should help us cover the entire country. This means you can now go to a Kroger's supermarket (the largest in the US) and do a direct deposit into our ST-USA-SE Deposit Account at Sun Trust while you shop for Groceries. While you can't purchase ST-Currency at Kroger (at least not yet), you can send us a currency order, and then deposit the funds. It's the quickest and easiest way for customers to fund accounts. And, of course, we have the two way street between e-Gold and ST, which means you can send funds to e-Gold from your ST account and vice versa. Stay tuned for a lot more interesting developments, and check our sites regularly www.standardtransactions.com for worldwide and www.standardtransactionsusa.com for the U.S. George PS Our regional counterparts in Canada, Australia and Caribbean can also accept direct deposits. __ George Matyjewicz, Chief Executive Officer Standard Transactions USA http://www.standardtransactionsusa.com mailto:[EMAIL PROTECTED] This email and any files transmitted with it are confidential and may contain legally privileged information. If you received this email and the information does not apply to you, please notify the sender immediately and immediately delete the email and any attachments from your mail system. Unauthorised copying, distribution or use of any information contained in this email or contained within any attachments is prohibited and may be subject to legal action. Any information contained within this email is the intellectual property of Standard Reserve Holdings Limited a British Virgin Island International Business Corporation with offices in Road Town in the British Virgin Islands. You can contact a representative of Standard Reserve Holdings Limited by forwarding the email to the addressed person or you can visit the website www.standardtransactions.com for further information on how to contact The Standard Group or one of its members. Under international copyright law you are requested to not use any information you receive either directly or indirectly for any other purpose than personal information unless you receive express permission from The Chief Executive Officer, Standard Reserve Holdings Limited, [EMAIL PROTECTED] --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
[e-gold-list] Re: Standard Reserve
Hello Michael, Thursday, December 06, 2001, 3:27:02 AM, you wrote: MM Does anyone know if Standard Reserve is down or not functioning MM properly? First, you need to go to your account via Standard Transactions. If you live in USA then go to our new USA exchange agency: http://www.standardtransactionsusa.com/ Or, if you live in Australia go to our new exchange agency: http://www.standardtransactions.com.au/ Or, if you live in Canada then to go out new exchange agency at: http://www.standardtransactionscanada.com Or, if you live in the Caribbean or South America go to our new exchange agency at: http://www.standardtransactions.vg We have regionalised. This means, Standard Reserve is the holder of your money only. Standard Transactions Agencies is where you in-exchange, out-exchange, send money from one account to another, and from one country to another. Then, it will work fine. -- Best regards, Elwynmailto:[EMAIL PROTECTED] --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] http://www.e-gold.com/stats.html lets you observe the e-gold system's activity now!
[e-gold-list] Re: Standard Reserve Took His Gold
Subject: Standard Reserve Took My Gold From: SnowDog [EMAIL PROTECTED] Date: Sat, 12 May 2001 19:19:38 -0500 X-Message-Number: 20 Hi Craig, I have read about your situation with the closing of your Net Anywhere account. I understand that you may not see the value of the Net Anywhere account. I on the otherhand see an enormous value to these accounts. We call these accounts our Cash Card Classic accounts. In fact, I was the one of the 1st to suggest that Standard Reserve should charge for these accounts. As a business man and exchange agent with one of the largest customer groups in Standard Reserve, (27,000 Members and growing strong), I can give you a laundry list of reasons why people are actually getting a bargin at only $3.00 per month for the service that this account provides. Needless to say, I would be honored to assist you in recovering your $9.00 from your account. Therefore I have transfered 1.05 grams ($9.00) of gold to your egold account# 106762 (Name:SnowDog). I would further like to offer you and the other members of the e-gold list a special discount on our Cash Card - powered by Standard Reserve. The Cash Card gives you access to your egold funds at over 500,000 ATM's worldwide. Simply transfer your funds from your egold account to your Cash Card account, and they are instantly available to spend at any ATM or 1,000's of merchants who accept debit cards. And as always egold transfers are FREE! Also, we will gladly exchange funds for you from Standard Reserve accounts to egold anytime. --- Here is a testimonial from 1 of our customers: Dear Steve, My thanks to Steve Renner at CCI for recent Support. Whatever happened to my missing egold transfer? CCI acted quickly and responsibly with professional support, attempting to track down what went wrong, and ultimately, a return transfer of funds to my e-gold account in the nick of time to meet my deadline! I'm very happy to be a member with CCI and look forward to a long and profitable relationship. Best regards, Kate Szal -- BTW: We have a Great Reseller Program, and all Cash Card Mermbers are automatically FREE Resellers. I have set up a special site just for Egold List Members -- Goto: http://www.cashcards.net/rep/1030 Just sign up as a FREE Member and send me an email with your Member ID and I will get you in for the Special Egold List Members price. (Too Low To Publish) Yours In Success, Steve Renner, Founder Cash Cards International, LLC 250 Second Ave S #110 Minneapolis, MN 55401 Phone: (612) 333-3893 Fax: (612) 332-3834 ~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~ http://www.cashcards.net mailto:[EMAIL PROTECTED] ~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~ --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: Standard Reserve Took His Gold
On 13 May 2001, at 20:49, Steve Renner wrote: Simply transfer your funds from your egold account to your Cash Card account, and they are instantly available to spend at any ATM or 1,000's of merchants who accept debit cards. Is this really true? The way I undestand it, e-gold is first transfer to SR-gold for free. But then, before the funds can be used through an ATM machine, they must first be transfered to the USD account. This must be done manually and there are costs in this operation, both a conversion costs and a transaction costs. Can you staright me out if I am wrong and give more details ? Claude http://www.goldcurrencies.ca http://www.ormetal.com == Claude Cormier Public Key http://www.ormetal.com/PGPkey.html == --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: Standard Reserve Took His Gold
Hello! Thank you very much for your offer, and Elwyn Jenkins has already paid-out my account. In fact, I probably owe him an apology; I should not have mentioned my predicament to the e-gold list so soon. There just seemed to be a series of events that led me to believe they had adopted a bad policy. It turned out that it was just a misunderstanding. However, with regard to the Net Anywhere account, I still don't understand why they want to charge $3 for the account. It is my understanding that the Cash Card is not available for use with the Net Anywhere account. The card is used with the Instant Anywhere account, which has always had fees, from my understanding. The $3 fee would be worthwhile if the Net Anywhere account was useful. From my perspective, it may be very useful in the future, but as of now, it hasn't built up any significant level of 'critical mass' yet. [I can't use it to go bowling, for example.] Thank you again. I've now more than doubled my money with this error, and I'm not sure what I can do to make your gift to me worthwhile for you. Craig --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: Standard Reserve Took His Gold
The tradgedy is that e-gold (GSR ... whatever) invests/invested in Standard Reserve. Yet another massive opening for litigation against e-gold. Everyone makes mistakes in business, that was a doozy. I received a letter from Standard Reserve a few days ago saying they were going to start charging a monthly fee. Here is part of that message: [--- Effective May 1, 2001 your Net Anywhere Account at Standard Reserve comes of age. Services that are surviving the dotcom age no longer come free. To ensure that we can serve you into the future, we will be charging a service charge of USD $3 per month. Your Net Anywhere Account still remains the best value account online. Our level of customer service will be maintained, and new services will be brought online to meet your ongoing needs. If this does not meet with your approval, you can close your account by sending an e-mail to: mailto:[EMAIL PROTECTED]?Subject=Close_NetAnywhere ] So I sent a message asking to close the account, and asking to send the gold to my e-gold account, or advise otherwise: [-- Please close my net-anywhere account, #-- If possible, please transfer my gold to e-gold, account #-- Otherwise, please advise as to how I am to withdraw the gold. ---] Now, 12 days later, I find that the account has been closed, and the gold is gone: [-- Per your request, we have closed your account. We hope that you will come back and visit us sometime in the future. --] --- Great ventures create great mottos. --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: Standard Reserve Took His Gold
The tradgedy is that e-gold (GSR ... whatever) invests/invested in Standard Reserve. Yet another massive opening for litigation against e-gold. Everyone makes mistakes in business, that was a doozy. I received a letter from Standard Reserve a few days ago saying they were going to start charging a monthly fee. Here is part of that message: The owner(s) of the e-gold conglomeration own 37% of Standard Reserve or thereabouts. Kind regards, [EMAIL PROTECTED] http://www.gold-today.com Sign up with e-gold today and get grams of e-gold here. https://www.e-gold.com/newacct/newaccount.asp?cid=129542 Sign up with osgold and get an osgold account today http://www.osgold.com/index.php?id=1008 subscribe to the gold-today discussion group at http://groups.yahoo.com/group/goldtoday --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: Standard Reserve Took His Gold
Everyone makes mistakes in business, that was a doozy. Yeah, a whopping $9 mistake. :) I suppose it could have been an oversight, but I am a bit baffled by their actions: 1) Why are they raising fees? Everyone wants to make a profit, but the account that I had was the free one, without the ATM card, and without any type of liquidity. I can't convert the account to e-gold, and I don't think anyone accepts Standard Reserve currency yet. So how are they justifying their fee of $3 per month when the only thing you can do with the account is just sit on the money? If people wanted to sit on gold, they should put it into GoldMoney, since they only charge 1/2 of 1 percent per year. Even if they had it in E-Gold, they would have to have over $3600 in e-gold before the fee is $3 per month. 2) Why did it take 12 days to close my account, after I made the request? Are they closing a LOT of accounts after their letter sent April 30? If so, what are they doing with the gold in the other accounts? 3) Since they are 100% backed by e-gold, then why didn't they just send the gold back to my e-gold account? That would have been the honorable thing to do. Even if they justified taking $3 out for the month of May, it would have been more beneficial to me. The last thing they should have done was to close the account and take the gold, since I requested to close the account to AVOID paying the $3 fee. Did anyone else close their Standard Reserve account with this fee increase? If so, what did they do with your SR-AUG gold? Craig --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: Standard Reserve Took His Gold
FYI, I closed my account because of the excessive charge. It was one of the 'free' accounts when I opened it and I had not yet funded it. It did take several days to receive a reply to my request to close the account. I will be charitible and assume they are swamped with requests to close accounts... Dave SnowDog wrote: Did anyone else close their Standard Reserve account with this fee increase? If so, what did they do with your SR-AUG gold? Craig --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: Standard Reserve Took His Gold
the account that I had was the free one, without the ATM card, and without any type of liquidity. I can't convert the account to e-gold Since they are 100% backed by e-gold, What! You can't redeem SR for e-gold? Then what does backed mean? If that is the case then SR is no better than OSGold! What are people thinking of when they say backed; it doesn't mean anything if there is no redemption. Best, CCS --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: Standard Reserve Took His Gold
the account that I had was the free one, without the ATM card, and without any type of liquidity. I can't convert the account to e-gold Since they are 100% backed by e-gold, What! You can't redeem SR for e-gold? Then what does backed mean? If that is the case then SR is no better than OSGold! What are people thinking of when they say backed; it doesn't mean anything if there is no redemption. Where does this comes from? Of course Standard Reserve Gold can be redeemed for E-Gold. Go and see any of our agents who will do this for you. In the next couple of weeks this will also be a totally automated feature!! Standard Reserve in its exchange function only deals with redemption above a limit. It is the job of Agents or Market Makers to do smaller amounts. More than 50 people a day redeem SR for E-Gold. Who gave you such mis-information? Dr Elwyn Jenkins Chief Executive Officer Standard Reserve ++ --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: Standard Reserve Took His Gold
Elwyn Jenkins wrote: Who gave you such mis-information? See previous, quoted message (from SnowDog) in thread. CCS --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: Standard Reserve Took His Gold
STANDARD RESERVE REPLIES TO THIS MOSTLY MISINFORMATION: 1) Why are they raising fees? Everyone wants to make a profit, but the account that I had was the free one, without the ATM card, and without any type of liquidity. There are more than 12,000 people to whom you can spend Standard Reserve Gold. As well there are more than 3 ways to exchange Standard Gold for other monies: exchange into Standard USD, exchange into CARD-USD and therefore to obtain monies from an ATM. Even from one of the smaller and unvalidated ownership accounts you can access all of these methods of exchange. One can also go to any Agent on the Standard Reserve list and obtain national currencies and even e-gold. I can't convert the account to e-gold, and I don't think anyone accepts Standard Reserve currency yet. There are more than 12,300 people who accept Standard Reserve currency!!! So how are they justifying their fee of $3 per month when the only thing you can do with the account is just sit on the money? If people wanted to sit on gold, they should put it into GoldMoney, since they only charge 1/2 of 1 percent per year. Even if they had it in E-Gold, they would have to have over $3600 in e-gold before the fee is $3 per month. Yes. we are favoring those people who want to hold more than $3,600 in Standard Gold. We are looking for the serious people who want to hold larger amounts and not be penalized by e-gold's 1% per annum, which for $5,000 would be $50 and in Standard Reserve only $36. We are seriously looking for the serious holders and users of gold. 2) Why did it take 12 days to close my account, after I made the request? Are they closing a LOT of accounts after their letter sent April 30? If so, what are they doing with the gold in the other accounts? By the way, no $3 fee has actually been charged to any account as yet. And, the fact that it took 12 days to close has nothing to do with charging a fee or making you pay. We have allowed a month for people who wish to close their accounts before the fee is charged. As a matter of fact, the reason why your account was not closed for 12 days was that we had in that 10 day period the greatest growth we have had yet! We opened 5,350 accounts on the week we announced the $3 fee and could not attend to closures as we were dealing with accounting openings. We have since the day we announced the new charges the greatest growth Standard Reserve has experienced yet. 3) Since they are 100% backed by e-gold, then why didn't they just send the gold back to my e-gold account? That would have been the honorable thing to do. Even if they justified taking $3 out for the month of May, it would have been more beneficial to me. The last thing they should have done was to close the account and take the gold, since I requested to close the account to AVOID paying the $3 fee. Your Gold has not been taken. You asked for an account closure. An email indicating that you have value in the account was sent to you. I have not had a reply as to what we should do for you. Please reply to my personal email address ([EMAIL PROTECTED]) and I can make sure your value is exchanged into something you find suitable. Did anyone else close their Standard Reserve account with this fee increase? If so, what did they do with your SR-AUG gold? Any of our Agents will give you your value in USD, e-gold or whatever you would like. Dr Elwyn Jenkins Standard Reserve ++ --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: Standard Reserve Took His Gold
Where does this comes from? Of course Standard Reserve Gold can be redeemed for E-Gold. Go and see any of our agents who will do this for you. In the next couple of weeks this will also be a totally automated feature!! The point I was trying to make was a secondary point, (supporting another point), that the Standard Reserve Net Anywhere accounts did not have easy liquidity by allowing them to be automatically converted to e-gold. You can automatically convert from e-gold to SR-AUG with a very minimal fee, but not the other way, even though such a promise to provide this type of transfer has been made for over 6 months now. On another note: Is it possible to remove $9 in SR-AUG through an agent without a larger fee than it took to move the value from E-Gold TO SR-AUG? Craig --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: Standard Reserve Took His Gold
Your Gold has not been taken. You asked for an account closure. An email indicating that you have value in the account was sent to you. I have not had a reply as to what we should do for you. Please reply to my personal email address ([EMAIL PROTECTED]) and I can make sure your value is exchanged into something you find suitable. Thank you very much for your consideration. It is quite comforting to know that this was simply an oversight, rather than a policy issue. I do believe that the matter is trivial, since I only had $9 in the account. Unfortunately, the account HAS been closed. I received an email to that effect, and I cannot log into the account. I received no email acknowledging the value in my account, though I mentioned it in my request to close. My SR account was: 120007 My E-Gold account is: 106762 (Name:SnowDog) Deduct whatever you believe necessary for the fee. I have no way to go to an agent since I cannot log into the account. Please understand that I believe this to be a trivial matter. It was the policy that I was concerned about. Sincerely, Craig Haynie (SnowDog) --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: Standard Reserve Took His Gold - Rubbish!!
Thank you very much for cashing out my balance. I notice that you overpaid. Was this intentional? Of course it was intentional! Go figure!! ej ++ --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: Standard Reserve Took His Gold - Rubbish!!
I would like to thank Elwyn Jenkins for cashing out my account. Indeed, he overpaid me by cashing the account out for $12, instead of the nine. However, there is a caveat... communication is so difficult. Just when I thought we were communicating, I get this in the email from Mr. Jenkins: Craig. If you would please go and look in your e-gold account you will find it there right now. I find it rather clever of you to provide misinformation in the manner you have. Why in the world would I want to provide misinformation about Standard Reserve? What a shame... Craig --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] RE: Standard Reserve Gold - question
The liability level is from our point of view as issuer. This is the level of customer digital accounts. The asset level is the value that is maintained on behalf of the customer by the Trustees. ej ++ -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of Claude Cormier Sent: Thursday, March 15, 2001 12:05 AM To: e-gold Discussion Subject: [e-gold-list] RE: Standard Reserve Gold - question On 14 Mar 2001, at 19:13, Elwyn Jenkins wrote: Standard Gold is Gold itself traded digitally in the liability level as well as the asset level. Hello Elwyn, Can you explain what you mean by "in the liability level" ? Thanks Claude --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] RE: Standard Reserve Gold - question
So, what percentage is maintained in reserve to back the currency? (Or, do you not give out that information.) (Which would be perfectly reasonable .. banks don't!) The liability level is from our point of view as issuer. This is the level of customer digital accounts. The asset level is the value that is maintained on behalf of the customer by the Trustees. ej ++ --- "Intel is a photo printing company. Microsoft makes a text editor. All of Amazon or eBay can be programmed in one day using Perl and run on a $500 machine. The whole of 'IT' amounts to using spreadsheets and a few trivial linear databases. We are in the low-tech age." --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] RE: Standard Reserve Gold - question
As already explained, we back each currency Standard Gold and Standard Dollars with a one-for-one backing. If this changes we will create additional products where customers choose whether they want an account that has a different ratio and therefore a potential for risk but at the same time potential for earning some 'interest'. 1 Standard Gold Gram = backing of 1 E-Gold Gram. ej ++ -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of [EMAIL PROTECTED] Sent: Thursday, March 15, 2001 9:33 PM To: e-gold Discussion Subject: [e-gold-list] RE: Standard Reserve Gold - question So, what percentage is maintained in reserve to back the currency? (Or, do you not give out that information.) (Which would be perfectly reasonable .. banks don't!) The liability level is from our point of view as issuer. This is the level of customer digital accounts. The asset level is the value that is maintained on behalf of the customer by the Trustees. ej ++ --- "Intel is a photo printing company. Microsoft makes a text editor. All of Amazon or eBay can be programmed in one day using Perl and run on a $500 machine. The whole of 'IT' amounts to using spreadsheets and a few trivial linear databases. We are in the low-tech age." --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] RE: Standard Reserve Gold - question
As already explained, we back each currency Standard Gold and Standard Dollars with a one-for-one backing. If this changes we will create additional products where customers choose whether they want an account that has a different ratio and therefore a potential for risk but at the same time potential for earning some 'interest'. 1 Standard Gold Gram = backing of 1 E-Gold Gram. Ah, I see. Well that is quite different. Perhaps you should state that somewhere on the web site --- or indeed --- in the user agreement for SR-AUG grams / dollars ?? At the moment the user agreement is quite contrary to what you explain above. The difference between a 1:1 backed currency and a fractional currency is as great as the difference between options and equities! If I'm not mistaken there is nowhere at all on the S R web site that it explains it is a 1:1 currency. ej ++ --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] RE: Standard Reserve Gold - question
Is not StandardGold backed by a primary liquidity reserve of e-gold, digigold or other electronic gold currency and by a secondary earning reserve of gold denominated investments with the split between the two reserves determined by issuer policy? I don't mind this arrangement provided that the total backing of the currency, Primary Liquidity Reserve plus Secondary Earning Reserve is adequate to redeem the currency (i.e. the value of the assets backing the currency exceed the value of the currency outstanding). The issuer should publish the following policies: 1. Capitalisation Policy -- Issuer policy stating a minimum target Owners' Equity, e.g. 8% of the Secondary Earnings Reserve (Owners' Equity=Primary Liquidity Reserve + Secondary Earning Reserve - Currency Outstanding) 2. Liquidity Policy -- Issuer policy stating a minimum target value of Primary Liquidity Reserve, e.g. 25% of Currency Outstanding. 3. Primary Reserve Composition Policy -- Issuer policy stating the allowable currencies for the Primary Liquidity Reserve (e.g. e-gold only). 4. Investment Policy -- Issuer policy stating the classes of assets that can be invested in the Secondary Earning Reserve, e.g. gold denominated securities up to 180 days maturity with credit rating of Aaa or better. In addition the Issuer should publish the actual composition of Reserves and the actual split between Reserves. The currencies could also be subject to credit rating by analysts so that independent opinion of the currency can be obtained. I have no problem with most currencies and money being backed by debt, but there needs to be better information than is currently the case on Standard Gold and Standard Dollars. I intend to open a SR instant anywhere account (with debit card) today but I would be more satisfied if issuer policy and disclosure was improved. David Hillary Elwyn Jenkins wrote: As already explained, we back each currency Standard Gold and Standard Dollars with a one-for-one backing. If this changes we will create additional products where customers choose whether they want an account that has a different ratio and therefore a potential for risk but at the same time potential for earning some 'interest'. 1 Standard Gold Gram = backing of 1 E-Gold Gram. ej ++ -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of [EMAIL PROTECTED] Sent: Thursday, March 15, 2001 9:33 PM To: e-gold Discussion Subject: [e-gold-list] RE: Standard Reserve Gold - question So, what percentage is maintained in reserve to back the currency? (Or, do you not give out that information.) (Which would be perfectly reasonable .. banks don't!) The liability level is from our point of view as issuer. This is the level of customer digital accounts. The asset level is the value that is maintained on behalf of the customer by the Trustees. ej ++ --- "Intel is a photo printing company. Microsoft makes a text editor. All of Amazon or eBay can be programmed in one day using Perl and run on a $500 machine. The whole of 'IT' amounts to using spreadsheets and a few trivial linear databases. We are in the low-tech age." --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] RE: Standard Reserve Gold - question
Is not StandardGold backed by a primary liquidity reserve of e-gold, digigold or other electronic gold currency and by a secondary earning reserve of gold denominated investments with the split between the two reserves determined by issuer policy? No! Apparently it is ONE HUNDRED PER CENT backed by e-gold, David! According to Dr. Jenkins. --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] RE: Standard Reserve Gold - question
Taken from the website: Standard Gold Standard Gold operates the Standard Gold currency, providing accounts with which customers can store and spend their funds. The Standard Gold currency is backed by electronic gold that is ultimately backed by real, hard gold bars of metal. Standard Gold ensures the liquidity of the Standard Gold currency to ensure that you can always obtain your funds whenever you want. Standard Dollar Standard Dollar operates the Standard Dollar currency, providing accounts with which customers can store and spend their funds. The Standard Dollar currency is backed by USD, and will always be the same value as USD. Standard Dollar ensures the liquidity of the Standard Dollar currency, to ensure that you can always obtain your funds whenever you want. ++ Sure it does not say 1:1 -- but before we go into the territory of anything other than 1:1 we need to build up reserves. Second we need to give people choices. Some do not like anything other than 1:1 backing. ej ++ -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of [EMAIL PROTECTED] Sent: Thursday, March 15, 2001 10:56 PM To: e-gold Discussion Subject: [e-gold-list] RE: Standard Reserve Gold - question As already explained, we back each currency Standard Gold and Standard Dollars with a one-for-one backing. If this changes we will create additional products where customers choose whether they want an account that has a different ratio and therefore a potential for risk but at the same time potential for earning some 'interest'. 1 Standard Gold Gram = backing of 1 E-Gold Gram. Ah, I see. Well that is quite different. Perhaps you should state that somewhere on the web site --- or indeed --- in the user agreement for SR-AUG grams / dollars ?? At the moment the user agreement is quite contrary to what you explain above. The difference between a 1:1 backed currency and a fractional currency is as great as the difference between options and equities! If I'm not mistaken there is nowhere at all on the S R web site that it explains it is a 1:1 currency. ej ++ --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] RE: Standard Reserve Gold - question
Taken from the website: Standard Gold Standard Gold operates the Standard Gold currency, providing accounts with which customers can store and spend their funds. The Standard Gold currency is backed by electronic gold that is ultimately backed by real, hard gold bars of metal. Standard Gold ensures the liquidity of the Standard Gold currency to ensure that you can always obtain your funds whenever you want. Standard Dollar Standard Dollar operates the Standard Dollar currency, providing accounts with which customers can store and spend their funds. The Standard Dollar currency is backed by USD, and will always be the same value as USD. Standard Dollar ensures the liquidity of the Standard Dollar currency, to ensure that you can always obtain your funds whenever you want. ++ Sure it does not say 1:1 -- but before we go into the territory of anything other than 1:1 we need to build up reserves. Second we need to give people choices. Some do not like anything other than 1:1 backing. ej Right, the language above in the two paragraphs you quoted suggests VERY strongly that it is *NOT* !! 1:1 money. I'm just saying that if it IS 1:1 money (which is absolutely fantastic, amazing, stupendous), it is really odd, a shame, unusual, that that is not explained on the web site. It would be like Amazon.com not happening to mention a little thing like that they sell books :) It would be like e-trade not happening to mention that you can trade stocks there :) You know? I could care less .. just a suggestion!!! JPM --- "Intel is a photo printing company. Microsoft makes a text editor. Amazon or eBay can be programmed in a day with Perl or Basic and run on a $500 machine. The whole of 'IT' (banking, finance, markets, etc.) is no more complicated than a $10 Casio name and address organizer. We are in the low-tech age." --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] RE: Standard Reserve Gold - question
- Original Message - From: "Elwyn Jenkins" [EMAIL PROTECTED] To: "e-gold Discussion" [EMAIL PROTECTED] Sent: Thursday, March 15, 2001 11:21 PM Subject: [e-gold-list] RE: Standard Reserve Gold - question Taken from the website: Standard Dollar Standard Dollar operates the Standard Dollar currency, providing accounts with which customers can store and spend their funds. The Standard Dollar currency is backed by USD, and will always be the same value as USD. If the above is true, then that means, if I have 1000 Standard Dollars in my account and the price of gold goes way down, I would still be able to withdraw $1000 USDs and the USD value of my account does NOT vary with the price of gold as it does with e-gold. Is this correct? Gary --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] RE: Standard Reserve Gold - question
Some time ago I signed up for Cash Cards Int, which is backed by Standard Reserve Gold. This is not quite correct, the cash card is backed by Standard Reserve's WORD. Even the standard reserve currency is not backed by gold. It is partially backed by e-gold which is backed by gold. Note that Standard reserve dollars SR-USD are backed by ? OR RATHER, Standard Reserve backs Standard Gold by E-Gold 100%. I find that rather confusing, Dr. J! Do you mean "ONLY" e-gold is used (100% e-gold!), or, do you mean the reserve fraction is 1.0? Thus: For each kilogram of SR-AUG that I have, how much e-gold does SR keep on hand to cover my ownership of that 1kg of SR-AUG? If it is truly 1., it's exceedingly strange that you don't trumpet that on the web site ... what don't I understand??? JP! During the month of March we are constructing a Trust which is called "Standard Reserve Purpose Trust" which provides customers of Standard Reserve with a contract guanranteeing Standard Reserve's backing and handling of value. We have separated Standard Reserve from Standard Transactions which handles all exchanges. If Standard Transactions went bankrupt customer money is safely returned to them by the Trustees. Trustees have been elected and are to provide management of the Trust Monies. They will guarantee the backing of Standard Gold and Standard Dollar. Auditors Earnst Young will provide an audit of the Trustees activity and will provide a public statement once per quarter regarding the activity of Standard Reserve. As soon as the Trust has been completed and your money managed by the Trustees, we will make the Trust document and the Trustees contract available for all to read. This will occur within the next six to seven weeks. Should Standard Reserve ever decide to back Standard Gold with anything other than 100% E-Gold, then customers will be given a new product other than Standard Gold. Customers will have to choose specifically anything that is backed in any other way. Standard Gold is Gold itself traded digitally in the liability level as well as the asset level. Dr Elwyn Jenkins CEO Standard Reserve Holding Limited (IBC) Standard Transactions (BVI) Limited --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] RE: Standard Reserve Gold - question
On 14 Mar 2001, at 19:13, Elwyn Jenkins wrote: Standard Gold is Gold itself traded digitally in the liability level as well as the asset level. Hello Elwyn, Can you explain what you mean by "in the liability level" ? Thanks Claude --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: Standard Reserve site down
Interesting how the world works... Your wrote this about a week ago, now it is coming back to bite you! I guess back to e-gold it is! Dagny Taggart --- George Matyjewicz [EMAIL PROTECTED] wrote: Yes, others have reported the same issue to us. Another reason why it's better to use Standard Reserve ;-). G --- George Matyjewicz [EMAIL PROTECTED] wrote: Hi All: Our Standard Reserve site is down as we upgrade our server capabilities. Our technical team is diligently working on it now, and we expect to be back online shortly. Sorry for any inconvenience. George __ George Matyjewicz, President Standard Reserve Corp. -- Atlanta, GA World Wide Currency for the World Wide Web http://www.standardreserve.com mailto:[EMAIL PROTECTED] __ Do You Yahoo!? Yahoo! Auctions - Buy the things you want at great prices! http://auctions.yahoo.com/ --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: Standard Reserve site down
Hi All: We're back up, and better than ever.Sorry for any inconvenience. Our policy is to inform our customers and colleagues on the good and the bad (and sometime even the ugly). George __ George Matyjewicz, President Standard Reserve Corp. -- Atlanta, GA World Wide Currency for the World Wide Web http://www.standardreserve.com mailto:[EMAIL PROTECTED] --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] RE: Standard Reserve
Could not agree with you more. Does anyone think that some sort of escrow sytem similar to ebay might help solve some of the problem with the dishonest buyers and sellers on the egold system? Boyd Pate --Original Message-- From: [EMAIL PROTECTED] To: e-gold Discussion [EMAIL PROTECTED] Sent: December 30, 2000 4:40:14 PM GMT Subject: [e-gold-list] Standard Reserve Anyone else sick to death of Standard Reserve's posts here? Andthree cheers for Destiny Worldwide's philosophy! --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Play for fun or for Real, Win Gold http://www.thegoldcasino.com/win.cgi?3202416 --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: Standard Reserve and Privacy
The SS# requirement also stopped my application for their debit account. I'm also curious why SR want this number. I can see the need for a passport number or driver's license number for identification purposes (even though it is pretty useless without verification). But AFAIK a social security has nothing to do with 'telling who you are'. (I must admit that I do not know too much about social security numbers in the US. In the country I live in, it is even illegal for businesses to ask for a social security number.) 1. SR is not really opening up to international clients, and you can tell this from their application form. I checked that I was from Costa Rica and therefore did not fill in an SSN as per directions,b ut their system bounced the application for that reason, so I typed in 999-99-. That worked. I was able to submit a test application without SSN, claiming to live in Antigua and Barbados. (note to SR: feel free to delete account 120861) they are showing that they are not part of the freedom movement, but a part of the system most egold users are trying to get themselves out of. SR never claimed to be part of the freedom movement. In fact, they made a clear business decision not to be part of it. If you don't like that: don't do business with them. Time will tell if more people feel like you. Edwin --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: Standard Reserve and Privacy
George, Please let me be one of the first SR Agents and e-gold Market Makers to publicly thank you for your efforts: Ours is not an anonymous service, never has been, and was never touted as such. Rather, we actually verify that the applicant is who they say they are. We owe that to our agents who take the risk. We need to verify that you are who you say you are. On this list there have been many reports of fraud, rip offs, etc. Ask any of the market makers about the issues with fraud. We are trying to avoid that. I am quite sure I will not be the last. What many individuals who are concerned about privacy do not understand is that the current e-gold system is ripe with abuse. (Sniff..sniff...can't you smell that?) Anonymous services are great and have many wonderful uses, but open up those of us who act as portals into the system to the targeting eyes of thieves, scoundrels and counterfeiters. I do not think it is anyone's business HOW someone spends his or her money. However, as an SR agent and e-gold Market Maker, it IS my business if the payment someone is sending to me to obtain these currencies is legitimate. We have seen a dramatic increase in the use of stolen credit cards, counterfeit checks, bogus money orders, so on and so on! The only way for our company to accept these forms of payment and fund accounts is to know that the person sending the payment is the person they claim to be. John makes several good arguments about BB and the use of SS #'s. I personally am VERY skeptical about giving mine over the Internet no matter WHO is asking and HOW secure they claim to be. I prefer to mail it by snail mail. Is there a chance that a drivers license and/or SS card can be photocopied and notarized as proof of identity? This may ease some of the privacy buffs concerns about hackers hitting the SR on-line databases. To those of you out there that do not want ANYONE to know who you are or HOW you spend you money, I ask you what faith does someone in my line of work have in accepting a payment from you? You have to obtain your e-gold and SR-AUG and SR-USD somewhere with fiat currency. Unless you send cash via mail (which is NOT recommended) certain trust must be demonstrated. Proving to me you are who you claim to be is the basic foundation of any client/service relationship I see as mutually beneficial. This is done by being verified by Standard Reserve's system. Lastly, if you STILL desire to remain 100% anonymous, might I suggest my secret "Invisible Man Formula"? Guaranteed to turn you invisible! No one will know who you are, where you are from, or how you spend your finances. Just send me, oh, $25 K in an unmarked envelope with no information inside in small USD, non-sequential bills. It will work...trust me:0) As always, these are just my opinions and not meant to become part of any routine medical treatment, diet and exercise plan, or for children under the age of 21 years of age. Some assembly required. Batteries not included. Gaithman's Invisible Products: www.nosuchplaceonearth.com Happy New Year! Eric - Original Message - From: George Matyjewicz [EMAIL PROTECTED] To: e-gold Discussion [EMAIL PROTECTED] Sent: Friday, December 29, 2000 1:59 PM Subject: [e-gold-list] Re: Standard Reserve and Privacy At 01:06 PM 12/29/2000 -0600, Destiny Worldwide wrote: I have noted several things about Standard Reserve, all of which I do not like. We were going to use Standeard Reserve and even introduce clients to it, but it is obvious that Standard reserve intends to play by the rules of Big Brother, something that we abhor: 1. SR is not really opening up to international clients, and you can tell this from their application form. I checked that I was from Costa Rica and therefore did not fill in an SSN as per directions,b ut their system bounced the application for that reason, so I typed in 999-99-. That worked. Standard rEserve needs to learn that it is ILLEGAL to demand a SSN frm soneone, and that the provision of an SSN is 100% voluntary, and they need to make provision for this. By acting like the BB banks, they are showing that they are not part of the freedom movement, but a part of the system most egold users are trying to get themselves out of. Also, SR says that they are doing this to apeal to a larger market. Well, in actuality, the future is AWAY form BB. As the internet grows in power and net currencies based offshore, along with offshore services such as ours, WE will someday become the mainstream, not the other way around. Locating themselves onshore and spending a ton of money to comply with ridiculous US government regulations that force them to SPY on their customers liek the banks is surely the wrong thing to do. It woudl have been better if they had gone in the direction of Goldmoney and located themselves safely OFFSHORE. Even egold
[e-gold-list] Re: Standard Reserve and Privacy
I personally am VERY skeptical about giving mine over the Internet no matter WHO is asking and HOW secure they claim to be. I prefer to mail it by snail mail. Interesting. I personally have always been more comfortable providing my details over a 128-bit encrypted SSL session than providing them over-the-counter or through-the-mail. But perhaps that's just me ... seeing as I've spent the last five years putting financial institutions on the Internet. (In December 1995, I was part of a team that put St George Bank, in Australia, on the Internet. We followed up by putting Australia's then-largest bank on the Internet. So far so good: no security breaches.) Is there a chance that a drivers license and/or SS card can be photocopied and notarized as proof of identity? This may ease some of the privacy buffs concerns about hackers hitting the SR on-line databases. Eric, hackers won't find SSNs or other identity details online. We retain online only the information required to operate the account. --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: Standard Reserve and Privacy
"Loryn E. Jenkins" wrote: I personally have always been more comfortable providing my details over a 128-bit encrypted SSL session than providing them over-the-counter or through-the-mail. But perhaps that's just me ... Interesting. Providing personal information to ANY person should always be suspect: http://www.svpvril.com/cofe.html PS: I appreciate the "new and open" policy just posted by SR. It's a step in the right direction. -- Regards, Dale Pond Delta Spectrum Research http://www.SVPvril.com Sympathetic Vibratory Physics Sacred Science - Sacred Life SVP Discussion Forum: http://www.egroups.com/list/svpvril/ --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: Standard Reserve Gold Certificate
At 08:38 AM 11/11/2000 -0500, Bob wrote: Hello Elwyn, http://www.goldeconomy.com/changer/certificates.htm Assuming a certificate was given to me as a present, what do I do to cash it in? And, is PayPal the only way of buying it? Hi Bob: Some clarification on the gold certificates: At present, you can also purchase from Eric Gather at Gaithman's E-gold Exchange, Inc. He will have a page up today describing the certificate and payment options. And World Currency Trader also accepts checks by fax and other means, which will be at the site this week. If you do want to purchase from WCT now, send a note to Elwyn Jenkins at [EMAIL PROTECTED] I've used checks by fax (or e-mail) for four years, and it works wonderfully. I have received as much as $50,000 in one check by fax. BTW, any Standard Reserve market maker can sell the SR Gold Certificates. All you need to do is have them available on your site. This week we start a major PR campaign with the Gold Certificates. We are sending out a press release to 2,387 media contacts throughout the US and Europe. Then we will do another 400 through Asia and Australia. We are also sponsoring some discussion lists promoting the certificates. Right now we can only direct them to Gaithman and WCT. And we have a team adding merchants where SR gold can be spent. They will be on board in time for folks to use the gold certificates. We have some B2B sites on board, and are now working on malls. Let me know if you have any other questions. George __ George Matyjewicz, Chief Executive Officer Standard Reserve Corp. -- Atlanta, GA Acct# 120018 Tel: 770-300-3070 Ext 2818 World Wide Currency for the World Wide Web http://www.standardreserve.com mailto:[EMAIL PROTECTED] --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
