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Re: [sharechat] Goldmoney website Woody


From: "Woody" <solarmax@optusnet.com.au>
Date: Thu, 29 Jan 2004 23:29:00 +1000


Robin
Yes you are right. I have never had any trouble with e-gold.
When you buy physical gold you buy it from a bullion dealer you buys it from
the mint. He can store it for you or you can take it home.
With e-gold you buy it from them, they buy it from the mint, they store it
for you or you can take it home!!

Puzzeling Baa Baa what is the difference?
I can take posession of the physical gold from e-gold almost as quick as
from a bullion dealer here in Cairns.
Whats the dif?

Woody
----- Original Message -----
From: "robin benson" <rob@hammerheadmedia.co.uk>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, January 29, 2004 8:42 PM
Subject: Re: [sharechat] Goldmoney website


> 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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