> The thing is, there are probably cheaper ways to get a physical bar of
gold
> in either Dubai or London, but since it can be done IMO someone's probably
> someday going to do it (but it won't be me!). IMO, speaking only for
myself,
> etc...
> JMR
Well, the important thing is, is that if there
At 03:30 PM -0700 06/26/2001, Vince Callaway wrote:
...
>Just to be the Devils Advocate, what is E-Gold's redemption proceedure?
>
>Seems like they have left it up to the market makers to do that, same as
>OSGold.
>
>From the site:
>To take physical delivery of metal from your account,
>you wil
On Tue, 26 Jun 2001, Viking Coder wrote:
> Very true. Even if they claimed to match circulation 100% by hard
> un-allocated metal, without a redemption policy they are not a gold backed
> currency. Until OSGold implements a redemption procedure, they will be a
> EGC "Ether Gold Currency".
Just
> > They have. They made a proud, high-faluting claim of being 150% backed.
> > Then they described what they actually meant when they said 150% backed;
> > 50% paper fiat cash, 50% paper gold certificates, 50% gold. Which means
> > they aren't 100% backed by hard gold.
>
> More to the point: the
