Hey Eric!
Welcome to the argument from hell! :)
> What we're seeing is an itemized
> > list of the Assets of E-Gold LTD, and their Liabilities. No matter how
you
> > look at it, they have MORE assets than liabilities.
> (end snip)
E-Gold LTD has a liability to their customers for the e-gold in
From: <[EMAIL PROTECTED]>
> >(JP: Please at least read the end of this email. In spite of my initial
> >argument, I believe I concede something that has been a real burr on your
> >saddle.)
>
> Patrick, this is another classic Problem WIth Internet Discussions
> exactly as I mentioned!
It's no
anation as to why this statement makes
sense thought contradicting itself???
Eric
- Original Message -
From: "SnowDog" <[EMAIL PROTECTED]>
To: "e-gold Discussion" <[EMAIL PROTECTED]>
Sent: Tuesday, June 04, 2002 9:19 AM
Subject: [e-gold-list] Re: [dgc.c
> *** CONCESSION
>
> You know, it seems like the Trust could easily avoid this whole issue by
> simply holding these "other" liabilities IN E-GOLD ACCOUNTS. Just take
the
> 19,106.21 gg and divvy it up into some new accounts. Boom! Assets =
> Liabilities to e-gold account holders.
But you
>(JP: Please at least read the end of this email. In spite of my initial
>argument, I believe I concede something that has been a real burr on your
>saddle.)
Patrick, this is another classic Problem WIth Internet Discussions
exactly as I mentioned!
>True, but the Agreement also says (3.1.2)
>> Craig dude - WHAT is it a balance sheet of?
>
>> the e-gold SP Trust? e-gold Ltd? GSR? ominpay?
>
>E-Gold LTD!
>
>They Trust just stores the gold. I don't think they have a balance sheet.
Sure it does man, we now know for a fact that there's one "line item"
unexplained.
The SPTrust 'owe
(JP: Please at least read the end of this email. In spite of my initial
argument, I believe I concede something that has been a real burr on your
saddle.)
From: <[EMAIL PROTECTED]>
> Title is held by The e-gold Bullion Reserve Special Purpose Trust
> that exists for the *express* purpose of h
> I wouldn't be so sure, Craig. The Examiner page really seems to be saying
> this:
>
> Assets of E-Gold SP Trust:1,952,954.93
> Liabilities of E-Gold SP Trust: 1,933,848.72
>
> Therefore, any balance sheet that includes these numbers would have to be
> the balance sheet of E-Gold SP Tr
From: "SnowDog" <[EMAIL PROTECTED]>
> > Craig dude - WHAT is it a balance sheet of?
>
> > the e-gold SP Trust? e-gold Ltd? GSR? ominpay?
>
> E-Gold LTD!
I wouldn't be so sure, Craig. The Examiner page really seems to be saying
this:
Assets of E-Gold SP Trust:1,952,954.93
Liabilitie
> It's utterly inconceivable they would take that account "offbooks"
It's NOT off-books. It's an asset! It cannot be listed as a liability of
E-Gold LTD.
Craig
---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]
Use e-gol
> Craig dude - WHAT is it a balance sheet of?
> the e-gold SP Trust? e-gold Ltd? GSR? ominpay?
E-Gold LTD!
They Trust just stores the gold. I don't think they have a balance sheet.
E-Gold OWES their customers the gold they have listed as assets. Their
liabilities are less than their assets.
From: <[EMAIL PROTECTED]>
> >One might consider such a practice immoral simply because it
> >introduces the possibility of error and the appearance of impropriety.
>
> PC, the idea that you can slush funds around in non-segregated
> accounts. ... A corporation can't get away with it.
JP:
All
From: "SnowDog" <[EMAIL PROTECTED]>
> If we were to do it the GoldMoney way, then there would be NO
> liabilities listed for E-Gold LTD, and the balance sheet would be only ONE
> sheet, indicating the total amount of gold in the system. There would be
NO
> liability column.
Interesting that you
From: <[EMAIL PROTECTED]>
> >Oh yeah, one more thing. I don't give a rat's ass if there's an "extra"
> >kilo of gold in account 808081. It doesn't hurt my 1mdc account one bit.
> >All you have to do is ACCOUNT FOR IT.
>
>
> Right!
>
> i.e., on the web page somewhere, it would have a five word n
From: <[EMAIL PROTECTED]>
> NOWHERE ON THAT PAGE does it assert that that table "is a balance sheet"
Technically you're right: a balance sheet is something showing Assets =
Liability + Equity. I have been ASSUMING that they have listed ALL the
liability of the trust, and therefore the differen
From: <[EMAIL PROTECTED]>
> Mother Mary .. think of what you're saying. It would be like if you
> were looking through the 1mdcGrams situation, PC, and you found an
> "extra" kilo of gold in account 808081. And I was like "oh yeah!
> that's mine! it's for this car I'm buying, dude!" :)
Oh yea
From: <[EMAIL PROTECTED]>
> PC!
>
> You're saying that e-gold Ltd ... would hold one of their assets ...
> IN THE E-GOLD SPECIAL PURPOSE TRUST?!?!?
All I'm asserting with confidence is that SOMEBODY has this balance sheet:
Assets: 1,952,954.93
Liabilities: 1,933,849.01
Equity:
From: <[EMAIL PROTECTED]>
> (Just again as an aside, you guys are off on these mind-boggling
> tangents, if I had to GUESS the reason for the discrepancy, a
> spectacularly more normal, easy-going guess, would be something like
> "GSR load up a few extra bars in there to save time." But that is
Jim my friend!
This is utter speculation?
Do You Know why there is a discrepancy between te two figures?
I believe the answer is no ... but clear that up for me!
(Just in an "aside" sense...
>There is one e-gold Bullion Special Purpose Trust. It holds
>a bunch of gold in allocated storage
> Are we violating the Copernican Principle by supposing
> that there are special accounts in the e-gold system which
> have non-liability status? I don't think so. I think it
> is obvious that there have to be accounts which have
> special status: e-gold, Ltd., is not rich, but it does have
> a
20 matches
Mail list logo
