[e-gold-list] Fw: OS Gold

[Mike Poulos]

Very interesting when one will post something with truth into it.

I just received this reply from my posting earlier.

MIKE


From: "shupperd1" <[EMAIL PROTECTED]>
To: "Mike Poulos" <[EMAIL PROTECTED]>
Sent: Monday, April 16, 2001 9:27 PM
Subject: Re: [e-gold-list] OS Gold


| MIKE to bring to your attention:
|
| Thank you for bringing this concern to our attention.
|
| While it is true that in the 1st days of OSGold's opening, we were backed
| 100% by gold certificates, that is no longer true.  We are, in fact,
backed
| 150% of our deposits, with a breakdown as follows...
|
| 50% by gold certificates
| 50% by gold bars
| 50% by cash
|
| Your money is completely safe with us.
|
| One further note on gold certificates...while it is true that more gold
| certificates are issued than gold exists, everyone would have to cash them
| in all at once for it to be a problem...This is the reason we did not
| hesitate to purchase them for our own use.
|
| We will always do everything in our power to ensure the safety of our
| members deposits...Please feel free to copy my response to you, to the
other
| posting you noted.
|
| Thank you,
|
| Laurie Dyke
| OSGold Operations Director
|
|
|
| For Gold Games, join my yahoo group by sending a blank email to
| [EMAIL PROTECTED]
|
| Tired of games? Join my investment list by sending blank email to
| [EMAIL PROTECTED]
|
|
| Money to Gold, and Gold to Money. Service you deserve
| and the SPEED you require www.fastgold.net
|
| Stay informed about all the latest egold investments, games, and scams. BE
| INFORMED!!!
| http://www.e-told.com/?157585
|
|
| for all of your internet shopping needs visit my mall
| www.multiplexmall.com/js1460  Notify me of any purchases
| made at my mall, and I will give you a rebate in GOLD
|
| God Bless You and Yours,
| James Shupperd
|
| Contact me anytime
| ICQ # 99212386
| Aol Instant Messenger:     James Shupperd
| yahoo messenger        shupperd_james
| PaLTalk     James_CA
| ----- Original Message -----
| From: "Mike Poulos" <[EMAIL PROTECTED]>
| To: "e-gold Discussion" <[EMAIL PROTECTED]>
| Sent: Monday, April 16, 2001 4:01 AM
| Subject: [e-gold-list] OS Gold
|
|
| > Here is what one person had to say about OSGold:
| >
| > OSGold is not a good operation to have anything to do with because
| > they issue Gold CERTIFICATES issued by a Malaysian bank.  Not worth the
| > paper they are written on. This is even worse than not having gold at
| > all.  A gold certificate is about as worthless as the Malaysian dollar
| > right now.
| > Gold certificates are not backed by gold. Gold certificates are not hard
| > money and are not precious metals.
| > The last time this happened the entire Malaysian monetary system flopped
| > bringing banks to their knees. Law suits are guaranteed to fly here.
| > Charge 10% to get in and 10% to get out.  Plain greed and larceny.
| >
| > Their reply to me was that "No, we are not full time bullion dealers. We
| > are businessmen involved in many facets of investments and trades."
| > They are not bullion dealers period, never mind full time.
| >
| > In answer to "What insurance or protection of a clients funds are in
| > place." the following was their reply.
| > "Customer funds are converted into gold, so I am not quite sure what you
| > are asking. We have placed the gold certificates with our
| > bank, and they are the ones who insure our funds and the safekeeping of
| the
| > certificates.
| > These insurance policies are private and confidential matters between a
| > bank and their customers."
| >
| > Recommendation. Don't touch with a thousand foot barge pole.
| >
| >
| > Well, after that scathing review I thought I'd let you know.
| >
| >
| > MIKE
| >
| >
| > ---
| > You are currently subscribed to e-gold-list as: [EMAIL PROTECTED]
| > To unsubscribe send a blank email to
| [EMAIL PROTECTED]
| >
|
|


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