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Re: [sharechat] Goldmoney website


From: robin benson <rob@hammerheadmedia.co.uk>
Date: Thu, 29 Jan 2004 10:42:21 +0000


Hi BAA

Point taken - absolutely.

However, I understand that e-gold is underwritten by physical gold held 
in (LBMA-certified) third-party vaults with transactions involving 
escrow agents.

See:

        http://www.e-gold.com/unsecure/qanda.html

Regards

Robin

NB: I have no material interest in e-gold.com whatsoever. Anybody 
wanting to use any service like this must satisfy themselves as to the 
suitability of that service for their situation.

On 29 Jan 2004, at 10:34, Baa Baa wrote:

> Robin,
>
> That's an interesting stat. In context with my other posts on the 
> subject the basis for me is simple. No one looks after my gold but me. 
> Its a perspective I don't like to complicate with liquidity, its about 
> trust, although partly a lack of trust, it's mainly about having fewer 
> counterparties to have to trust. I always know where my gold is and I 
> can reassure myself by looking at it, holding it.
>
> If people are happy with someone else looking after their gold then 
> that's their business.
>
> rgds
> BAA


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