JP,
On the surface, I would agree that it would be detrimental to
e-gold's very existence to repudiate a spend.
However, there is a BIG difference between repudiation and
fraud protection. With the security and tracking devices
available
to firms today, it would not be a difficult task to
I'm no lawyer, and have never viewed the documents e-gold
requires
of its Market Makers, so I won't even begin to comment on the
legality
of today's announcement.
With that aside, put into perspective, today's move on the
part of Reid
and staff really will have NO impact on the gold community.
I am quite glad that you trust and are pleased with your
relationship
with e-gold. You do business with those you trust. Our
customers
do business with us because they trust us, and that is
ABSOLUTELY
all that matters to us.
We are not out to gain approval from this list or any list,
but to
Actually, Ben only posted a portion of my reply to him.
I never said that e-gold is responsible for the scams
that have been perpetrated using their services.
What I DID say is that it is unfair to call OSGold a scam
because some customers feel their funds are safer there
and advertise as such.
