there's nothing backed about e-gold. the day e-gold is backed by
gold is the day we all stop using e-gold.
E-Gold is 'backed' by gold. It is not gold. It is one step removed, and
exists as a 'credit' for gold, issued on the word of the issuer, 'E-Gold'.
From the website:
e-gold is an
e-gold isn't and has never been backed by gold. It can't be. It's
a payment system. What's so hard to understand about this. So what
if people are calling e-gold a GBC. The terminology doesn't decide
what reality is. It's the payment system that allows gold itself
to circulate
It would be neat to drill down on the Number of Pieces column and see
see a list of the exact stats for each bar (specifically the ID number).
Consider changing the header Coin Name to Metal Type and Fine
Weight per piece to Average Weight per Piece.
It would make things a little clearer,
Complete eCurrency exchange solution. Your can convert between eCurrencies
and purchase/cash in by various methods. Very low comissions. Referral
program and lots of other benefits for members. Membership is absolutely
FREE.
Just go to http://www.fastdigitalexchange.com and enjoy all those
IF you accessed http://www.gold-vault.com your computer is in danger. As well might
be your gold.
I don't know if this application is a Trojan for a backdoor to sniff your puter
keystrokes or just something destructive to destroy your data. All the way around it
is a very BAD thing.
IF you
Ah JP,
I can't believe how much I missed it! I am not particularly a keen
gambler but TGC has that CLEAN, PURE SMELL OF CAPITALISM.
To be able to honestly play around with a few centigrams of HONEST,
REAL MONEY -- GOLD -- with and against other burnished-pure
capitalists, is a
I think 'DGC' is a better acronym!
...and everyone has their own opinion, this is yours.
there's nothing backed about e-gold. the day e-gold is backed by
gold is the day we all stop using e-gold.
...yeah, and if you Fly the friendly skies, are you truly in friendly
skies?
e-gold is
No, e-gold is NOT gold (nor is GoldMoney, despite their assertions).
Both are transferable *derivatives* of gold. That is, they are
contractual obligations whose value derives from that of gold. The
principal contractual commitment is the obligation to redeem e-gold
in gold on demand
Forwarding, as I neglected to cc...
-Original Message-
From: PR@EG
Sent: Sunday, August 19, 2001 4:05 PM
To: '[EMAIL PROTECTED]'
Subject: metallic analogue of ice cream and chocolate
Dear Mr. Moley,
I happened upon your website (http://www.chocolove.com/) by following a link
on the
Bob wrote:
Craig Spencer wrote:
Both are transferable *derivatives* of gold. That is, they are
contractual obligations whose value derives from that of gold.
I'm not so sure about that Craig. A derivative's value is a function
of more than the underlying security.
You are
http://www.historychannel.com/gold/ (-- warning, shockwave-intro.!)
If someone were to get this on VHS tape the 21st, I'd be willing to part
with a gram or two, as this sounds interesting. Thanks.
JMR
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Very convincing, David!
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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
GOOD CALL JIM! My funbonds are paying out at about 3 to 4 times what
I paid, jesus! the second days payment will pay off what I paid!
Here's to the TGC going down for a few days!! :)
I bought more than ten by using multiple accounts, too :) Don't tell anyone.
Date: Sun, 19 Aug 2001
http://www.historychannel.com/gold/ (-- warning, shockwave-intro.!)
If someone were to get this on VHS tape the 21st, I'd be willing to part
with a gram or two, as this sounds interesting. Thanks.
Let's all write to them and ask if they'll take e-gold?
SnowDog
---
You are currently
I'm a bit behind on e-mail...
Anyone have a good name idea?
1mdc-AUG
- Reid -
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Did you know that e-gold Ltd. stores more gold on behalf of customers
than many
Craig,
{Firstly,
Namely, that altho they are right about ownership transfer and the
depository nature of the system the key issue is NOT the fugibility
or (non-allocated nature) of the gold storage.
Yes, Ken Snowy are wrong that that issue is relevant, IMHO.
However, IMHO, you're wrong
JP,
However, IMHO, you're wrong that the fact that it is a derivative is
the clincher.
Both are transferable *derivatives* of gold. That is, they are
contractual obligations whose value derives from that of gold. The
principal contractual commitment is the obligation to redeem e-gold
The only way that the claim made by JP could be true would be if the
following condition were met:
- Each account is a digital title to an identifiable, physical
piece (or pieces) of gold that can be identified individually in the vault
as belonging to that particular account owner.
{Everyone seems sick of this dissuccion, especially Craig! :) So I
won't respond any more!}
{Clever ...
To solve this problem you could take the concept even further and have a
3-dimensional grid map of each bullion bar in the GoldMoney storage vault,
so that each milligram of gold could be
Actually, JP, this seems like a small point of semantics to you. The reason
it is very significant is that the GoldMoney patents are dependent upon the
idea that they eliminate payment risk by making the holder the actual owner
of the gold in the vault.
If my thesis were to be proved right in
(I dont think you even CAN redeem egold AT ALL now, right? So what?
Who says you should be able to redeem it? What if when you stored a
bar with Viamat, the contract was you cannot take it out for 150,000
years, it must remain in there .. but of course you can still sell it
to someone else
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