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Re: [sharechat] Goldmoney website Woody


From: "Baa Baa" <baa_baa@hotmail.com>
Date: Thu, 29 Jan 2004 18:57:02 +0000


Woody, the difference is someone else has your gold and I have mine. Have 
you ever requested delivery? Have you ever seen 'your' gold? Have you made a 
transaction during a power cut? Can you access your gold when you haven't 
got a computer?

How about we agree to disagree on our preferences for storing gold.


>From: "Woody" <solarmax@optusnet.com.au>
>Reply-To: sharechat@sharechat.co.nz
>To: <sharechat@sharechat.co.nz>
>Subject: Re: [sharechat] Goldmoney website Woody
>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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>
>
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