Dear e-gold trust feuding list members, It seems to me to be quite simple in the discreprency. the e-gold trust has in fact purchased more gold than they are liable for, to cover all liabilities, and to cover future liabilities when the time arises. It's much simpler to buy 400oz bars at a time, than it is to divide gold to two decimal points, simply because some people are confused.
It's very simple: the extra gold is owned by the e-gold trust until it is needed to cover user account liabilities. There's nothing wrong with this - it's like a dam holding reserve water in case the natural supply runs out (what an idea!). However, in this case, the supply will always be 100% backed by gold, so this means e-gold must purchase bars in advance of actual demand. And the e-gold trust system only deals in 400oz bars. Which means you will always have the discreprency. Think about it, if the e-gold trust just backed the gold at all times with the amount of gold in user's accounts, then they'd have to continuously change their reserve. By dealing only in 400oz bars, they save money, but this means they will have this discreprency. The e-gold trust owns (assets) 1,952,954.93 grams of gold The e-gold trust owes (liabilities) 1,933,833.44 grams of gold The rest of the gold in the e-gold trust sits there until needed. The amount in the e-gold trust can change at any moment. This is the reason. Regards, Tristan Petersen http://goldbarterholdings.com/ http://goldbarter.com/ http://cambist.net --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
