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Re: [sharechat] Goldmoney website


From: "Baa Baa" <baa_baa@hotmail.com>
Date: Thu, 29 Jan 2004 11:02:23 +0000


Robin,  "... e-gold is underwritten by physical gold held in 
(LBMA-certified) third-party vaults with transactions involving escrow 
agents."

... and that makes people feel safe? Not me.



>From: robin benson <rob@hammerheadmedia.co.uk>
>Reply-To: sharechat@sharechat.co.nz
>To: sharechat@sharechat.co.nz
>Subject: Re: [sharechat] Goldmoney website
>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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