[e-gold-list] Re: gold price downturn and investment vehicles

2003-12-04 Thread Patrick Chkoreff
On Wednesday, December 3, 2003, at 11:12 PM, Sidd wrote: Here's an interesting observation: ... Thus, I have been MUCH better off keeping my money in a NZ bank at an interest rate of 6.5% than I would have been if I had kept it in gold. Interesting. You mentioned USD/AU and USD/NZD, but do you

[e-gold-list] USD, GAU, EUR, AUD, etc.

2003-12-04 Thread Patrick Chkoreff
What a day for gold, with wild swings up and down, still ending up though: http://kitco.com/charts/popup/au24hr3day.html That pattern closely parallels how the US dollar did against other currencies too, including EUR, AUD, CHF, JPY, and to a lesser extent NZD. (You can bring up intraday

[e-gold-list] Re: gold price downturn and investment vehicles

2003-12-04 Thread Patrick Chkoreff
On Thursday, December 4, 2003, at 03:22 PM, Sidd wrote: Interesting. You mentioned USD/AU and USD/NZD, but do you have a bottom line figure on NZD/AU? I mean, how much has the price of gold in NZD dropped over the last two years? Actually, from the data I have, in the same time period I

[e-gold-list] Close above $400

2003-12-01 Thread Patrick Chkoreff
OK, there's your NY close above $400: http://kitco.com/charts/popup/au24hr3day.html Closed at $402.20. -- Patrick --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when

[e-gold-list] Re: Pecunix security

2003-11-26 Thread Patrick Chkoreff
On Wednesday, November 26, 2003, at 04:50 AM, FileMatrix wrote: However, this still leaves an account opened for automated password cracking. Therefore, the system has to lock (for 24 hours) an account for which there are too many consecutive failed log-ins (for example, 10). This means that

[e-gold-list] Re: Pecunix security

2003-11-26 Thread Patrick Chkoreff
On Wednesday, November 26, 2003, at 11:46 AM, FileMatrix wrote: Right, Patrick. For a moment I forgot that only a few elements from the PIK are used in a log-in. ... Gotcha. ... A separate, unique, private log-in ID is required. Besides, as Ian Green points out, locking out an account for

[e-gold-list] Re: Pecunix security

2003-11-24 Thread Patrick Chkoreff
On Sunday, November 23, 2003, at 07:34 PM, Jim Davidson wrote: I believe Patrick made the point But the way Pecunix displays the PIKs makes it difficult if not impossible to copy and paste them. ... Since we know that keystroke loggers and clipboard loggers are out there, it seems uncommonly

[e-gold-list] Re: Gold-Cart Article... trusting e-gold/delayed payments

2003-11-24 Thread Patrick Chkoreff
On Monday, November 24, 2003, at 05:02 AM, FileMatrix wrote: That's not a problem. The guy who gets your wallet still cannot log in because he doesn't have your secret Login ID. That would be true if the password could be longer. As it is now, there are about 100 millions combinations (users

[e-gold-list] Re: Goldbugs are Atheist Commie Terrorists?

2003-11-24 Thread Patrick Chkoreff
On Monday, November 24, 2003, at 12:04 PM, The Gold Economy wrote: The fact that e-gold is liked by Russians seems to be proof to some that goldbugs are atheist commies terrorists. Wow, that's the worst kind of atheist. Besides, I think they are far outnumbered by theist free-market peaceful

[e-gold-list] Re: the BEST way to save money

2003-11-24 Thread Patrick Chkoreff
On Monday, November 24, 2003, at 01:46 PM, James M. Ray wrote: http://www.post-gazette.com/pg/pp/03328/242570.stm Don't spend it with credit cards. This lesson is another reason that e-metal makes a *GREAT* holiday gift! JMR Generally good advice, but what in the WORLD is this supposed to

[e-gold-list] gold-cart.com

2003-11-24 Thread Patrick Chkoreff
Well Sidd, gold-cart.com works very nicely. In just a few minutes I opened up an account, set up a test item, and threw a button down on a web page. Then I used the button to buy two items. I paid 2.0 grams of Goldmoney and instantly received 2.0 grams of Pecunix. Pretty cool for just

[e-gold-list] Re: the world before e-gold

2003-11-24 Thread Patrick Chkoreff
On Monday, November 24, 2003, at 05:43 PM, [EMAIL PROTECTED] wrote: the world before e-gold feels like the world currently!! Zen man awakes and speaks enigma. New wonders on horizon? -- Patrick --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank

[e-gold-list] Re: Gold-Cart Article... trusting e-gold/delayed payments

2003-11-23 Thread Patrick Chkoreff
On Sunday, November 23, 2003, at 05:39 AM, FileMatrix wrote: it is far more secure to have the PIK printed and carried in your wallet True, unless someone steals your wallet, or you loose it. ... That's not a problem. The guy who gets your wallet still cannot log in because he doesn't have

[e-gold-list] Re: Gold-Cart Article... trusting e-gold/delayed payments

2003-11-23 Thread Patrick Chkoreff
On Sunday, November 23, 2003, at 09:53 AM, Katz Global Media wrote: ... But why use tempest when there are dongles hanging out of the routers at the nocs for law enforcement to plug into? Yes but intercepting a message through a dongle doesn't help if the message is encrypted. Tempest lets

[e-gold-list] Watch the NY Open

2003-11-21 Thread Patrick Chkoreff
Some kind of blip in London gold today, could get interesting in NY. http://kitco.com/charts/popup/au24hr3day.html -- Patrick --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard

[e-gold-list] Re: Gold-Cart Article... trusting e-gold/delayed payments

2003-11-21 Thread Patrick Chkoreff
On Friday, November 21, 2003, at 10:44 AM, FileMatrix wrote: ... Here are my suggestions: ... Sidd: George makes some intriguing suggestions here. But just to focus on one small point for a moment, George mentioned that he would like the ability to copy and paste his PIKs into an encrypted

[e-gold-list] Re: Gold-Cart Article... trusting e-gold/delayed payments

2003-11-21 Thread Patrick Chkoreff
On Friday, November 21, 2003, at 12:24 PM, Viking Coder wrote: I just created a Pecunix account. The system is great ... No way for a beginner to complete the registration and log-in process. This seems to be the general consesus of Pecunix. I haven't had a chance to personally check it out

[e-gold-list] Re: the all in one IG system .. JP speaks

2003-11-21 Thread Patrick Chkoreff
On Friday, November 21, 2003, at 08:13 PM, Robert B.Z. wrote: For obvious reasons Sidd, had to use pecunix for his cart, why don't you make one that gives merchants the choice in which currency to receive it in? Imagine, new IGs would be likely to pay you to include their currency in your

[e-gold-list] Re: New Shopping Cart System Accepts Multiple Gold Currencies

2003-11-20 Thread Patrick Chkoreff
On Thursday, November 20, 2003, at 11:16 AM, The Gold Economy wrote: Garzoo, Inc. has launched a new shopping cart service that accepts multiple gold currencies. Called Gold-Cart, this shopping cart service currently allows merchants to accept payments from e-gold, GoldMoney, 1MDC,

[e-gold-list] Re: Delayed payments

2003-11-20 Thread Patrick Chkoreff
On Thursday, November 20, 2003, at 12:06 PM, Robert B.Z. wrote: How about agreeing that people who get their metal stolen because they use too easy a password or have it on a postit next to their monitor *deserve* to loose their stash because it keeps them among other pedestrians and stuck with

[e-gold-list] Re: basic e-gold site usage experience

2003-11-18 Thread Patrick Chkoreff
On Tuesday, November 18, 2003, at 03:46 AM, David Hillary wrote: From: [EMAIL PROTECTED] Of course you put a COMMA between groups of three numbers in big numbers. Good grief. Give us a break JPM. John Kenrick didn't just make it up. I was taught to use a space, and never a comma at school and

[e-gold-list] Re: basic e-gold site usage experience

2003-11-18 Thread Patrick Chkoreff
On Tuesday, November 18, 2003, at 05:23 AM, David Beroff wrote: Agreed, but your very own examples demonstrate the problem. ... This one has potentially two different pivots: 123 456.789, 14159 265 Right, that's a problem, one that I missed at 4:00 AM. It is possible to refine the rule to

[e-gold-list] Re: E-land, nuts, savings

2003-11-18 Thread Patrick Chkoreff
On Tuesday, November 18, 2003, at 05:19 AM, Danny Van den Berghe wrote: Acceptable roi depends on the risk of the investment. A stock that cannot guarantee me any shareholder rights, belongs to highest possible risk. Danny, I'm honestly curious what shareholder rights you consider important to

[e-gold-list] Gold Price Retrace

2003-11-18 Thread Patrick Chkoreff
There's a nice retracing of the gold price after yesterday's plummet: http://kitco.com/charts/popup/au24hr3day.html -- Patrick --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard

[e-gold-list] Re: basic e-gold site usage experience

2003-11-18 Thread Patrick Chkoreff
I wrote: I think it is clear that if those numbers are entered as amounts of grams, dollars, or euros they should be interpreted as (123 + 456 / 1000). It would be idiotic to assume the user intends to spend 123456 of those things. David Beroff wrote: Mrrrm... Something's just rubbing me the

[e-gold-list] touched $400

2003-11-18 Thread Patrick Chkoreff
Gold just now touched $400 per troy ounce, at about 00:47 UTC on Wednesday November 19, 2003. http://kitco.com/charts/popup/au24hr3day.html -- Patrick --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's

[e-gold-list] Re: basic e-gold site usage experience

2003-11-17 Thread Patrick Chkoreff
On Monday, November 17, 2003, at 03:08 PM, John Kenrick wrote: The international standard (ISO 31-0:1992) says (Section 3.3.1, page 11): To facilitate the reading of numbers with many digits, these may be separated into suitable groups, preferable of three, counting from

[e-gold-list] Re: basic e-gold site usage experience

2003-11-17 Thread Patrick Chkoreff
On Monday, November 17, 2003, at 09:48 PM, Wilkinson Jens wrote: --- Patrick Chkoreff [EMAIL PROTECTED] wrote: Of course, what the heck is a small space in the ASCII character set? This is just a guess, but there are some languages like Chinese, Japanese, and Arabic that cannot be encoded

[e-gold-list] Re: e-wine, e-land, e-gold

2003-11-10 Thread Patrick Chkoreff
On Sunday, November 9, 2003, at 01:50 PM, Danny Van den Berghe wrote: Next suppose the market value of the 10g bottles doubles to 20g The value of our portfolio is up to 90g with still 150 shares outstanding. This means each share has gone up in worth to 0.6g To redeem the 30g botlle you need

[e-gold-list] Re: e-wine, e-land, e-gold

2003-11-10 Thread Patrick Chkoreff
On Sunday, November 9, 2003, at 02:55 PM, [EMAIL PROTECTED] wrote: Indeed, last night my wife and I went out for supper with a neighbor couple who collect wine. He brought a 1989 Margaux .. which Chateaux dude ??? Chateau Prieure Lichine. -- Patrick --- You are currently subscribed to

[e-gold-list] e-wine, e-land, e-gold

2003-11-09 Thread Patrick Chkoreff
On Saturday, November 8, 2003, at 06:52 PM, James M. Ray wrote: I still think e-wine (properly storing good reds) would be better. Think about the joy of redemption! :) A bottle or case of wine is exactly the right density, and with proper storage, packaging, and shipping you'd have an amazing

[e-gold-list] ... and e-weed etc.

2003-11-09 Thread Patrick Chkoreff
On Sunday, November 9, 2003, at 06:42 AM, Danny Van den Berghe wrote: Hey jpm You have a huge untapped market with this DGC software of yours.. Perhaps some (not so) crazy Dutch will create 'e-weed' based on the market prices for soft drugs in Holland, and redeemable for the real stuff when you

[e-gold-list] Re: Saving (was Re: e-gold for stocks)

2003-11-07 Thread Patrick Chkoreff
On Friday, November 7, 2003, at 12:23 PM, Danny Van den Berghe wrote: Saving money does not serve any purpose. Continuously invest all the money you don't need. Yes, I think it's good to invest one's savings. -- Patrick --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To

[e-gold-list] Re: Interesting Change

2003-11-06 Thread Patrick Chkoreff
On Thursday, November 6, 2003, at 10:44 AM, [EMAIL PROTECTED] wrote: I like the subtle change in the user interface ... no more accidentally spending 12.xx times what I meant to! I took a look but I don't see what changed. The interface forces you to choose the units (e.g. grams or dollars)

[e-gold-list] Re: Saving (was Re: e-gold for stocks)

2003-11-06 Thread Patrick Chkoreff
On Thursday, November 6, 2003, at 06:21 AM, Danny Van den Berghe wrote: Don't worry, I remember your major points: - an economy cannot function effectively without using fiat tokens. [Note: A few quotes from your posts might help you to understand how I arrived at certain conclusions.] My

[e-gold-list] Purpose of Saving

2003-11-05 Thread Patrick Chkoreff
Here is Ludwig von Mises writing on the subject of Capital Goods and Capital: http://www.mises.org/humanaction/chap15sec2.asp Mises views saving as integral to the formation of capital. Saving is purposeful, which is why I titled this email Purpose of Saving. Excerpts: At the outset of

[e-gold-list] Re: e-gold for stocks

2003-11-04 Thread Patrick Chkoreff
On Tuesday, November 4, 2003, at 04:06 AM, Danny Van den Berghe wrote: Danny, I'm sure we could go on discussing glittering tautologies all day long, but I don't remember what point you're trying to make. That's what happens when you are not interested to come to the point, and only arguing to

[e-gold-list] Re: e-gold for stocks

2003-11-03 Thread Patrick Chkoreff
On Monday, November 3, 2003, at 07:45 AM, Danny Van den Berghe wrote: It is possible for some people to 'save', but then you need other people who spend more than they earn by borrowing or taking away from their 'savings'. ... Danny, I'm sure we could go on discussing glittering tautologies all

[e-gold-list] Re: e-gold for stocks

2003-11-02 Thread Patrick Chkoreff
On Sunday, November 2, 2003, at 02:54 AM, Danny Van den Berghe wrote: It is possible for some people to 'save', but then you need other people who spend more than they earn by borrowing or taking away from their 'savings'. Savings are simply assets that you own now which you can consume or

[e-gold-list] Re: e-gold for stocks

2003-11-01 Thread Patrick Chkoreff
On Saturday, November 1, 2003, at 12:50 PM, Danny Van den Berghe wrote: Um, if people produce more than they consume, then they have funds to see them through a rainy day or retirement, and they have funds to invest so they can earn a reward for putting their savings at risk. That is a very good

[e-gold-list] Re: e-gold for stocks

2003-10-31 Thread Patrick Chkoreff
Patrick wrote: It's a wild wacky spending binge from top to bottom! Prices are going through the roof! And why? Because when you bail an asset into a vault and get a note for that asset, then both the original asset AND the note both EXIST! And when two items that are both technically

[e-gold-list] Re: How good is gold?

2003-10-31 Thread Patrick Chkoreff
On Friday, October 31, 2003, at 04:55 AM, Danny Van den Berghe wrote: If we compare gold with land, point by point: Decay: gold: no land: no Limited supply: gold: limited , although still mining an extra 2% per annum land: obviously limited. Some categories of land

[e-gold-list] Re: e-gold for stocks

2003-10-31 Thread Patrick Chkoreff
On Friday, October 31, 2003, at 12:35 PM, Danny Van den Berghe wrote: It's not a problem even if you take it to the absurd extreme. Assume everybody in the world keeps all of their money in any form sitting idle under a mattress. ... That is not correct. ... These Bill Gates' may be perfectly

[e-gold-list] Re: e-gold for stocks

2003-10-31 Thread Patrick Chkoreff
On Friday, October 31, 2003, at 04:19 PM, Cambist.net wrote: You just want to pump up the money supply so that savings will constantly erode in value, thus forcing people to invest when and where they otherwise might not invest. God forbid the money should just sit there. That's why we need

[e-gold-list] Re: e-gold for stocks

2003-10-30 Thread Patrick Chkoreff
On Thursday, October 30, 2003, at 11:38 AM, Robert B.Z. wrote: Patrick, Just one item: Inflation isn't the same as rising prices. Not every inflation results in higher prices and higher prices are not always caused by inflation. Right, I'm actually well aware of this Austrian concept, where

[e-gold-list] Re: e-gold for stocks

2003-10-30 Thread Patrick Chkoreff
On Thursday, October 30, 2003, at 08:39 AM, Danny Van den Berghe wrote: The same could be said about dollar bills sitting in a matress in India. As long as they are in the matress, they are not in fact part of the money supply. These dollars could sit in the matress for 20 years and never

[e-gold-list] Re: e-gold for stocks

2003-10-30 Thread Patrick Chkoreff
On Thursday, October 30, 2003, at 12:23 PM, Patrick Chkoreff wrote: I don't know if either of these is a better way of viewing it, or they are equivalent, or there is some other better way of viewing it. But I think there is a meaningful, well-defined distinction that can be made between

[e-gold-list] Re: e-gold for stocks

2003-10-30 Thread Patrick Chkoreff
On Thursday, October 30, 2003, at 12:26 PM, SnowDog wrote: So when tallying up the money supply, I would not count both a gold coin in a vault AND a paper note redeemable for that coin. That's the difference between M1 and M2 isn't it? I don't see the analogy with warehouse receipts. M1 itself

[e-gold-list] e-gold for stocks

2003-10-30 Thread Patrick Chkoreff
On Thursday, October 30, 2003, at 02:35 PM, SnowDog wrote: I wasn't making such a detailed observation. I am simply pointing out that there are several definitions for 'money', each of which has use. ... Likewise, would you ever have a reason to include only notes redeemable for the gold?

[e-gold-list] Re: Free e-gold or Pecunix exchange!

2003-10-30 Thread Patrick Chkoreff
On Thursday, October 30, 2003, at 03:43 PM, Sidd wrote: Open2exchange is accepting exchanges from GoldMoney or e-bullion to either e-gold or Pecunix at NO COMMISSION for a limited time. In other words, you can do a straight swap, instantly... http://open2exchange.com/buy.sell...c2c Try it now,

[e-gold-list] Re: e-gold for stocks

2003-10-29 Thread Patrick Chkoreff
On Tuesday, October 28, 2003, at 07:41 PM, [EMAIL PROTECTED] wrote: it is true that things like stocks, bank accounts, 1mdc-like things (derivatives of money), and any and all financial instruments EXPAND THE MONEY SUPPLY. Very few people know this, but it's true. Your point is well taken,

[e-gold-list] Re: e-gold for stocks

2003-10-29 Thread Patrick Chkoreff
On Wednesday, October 29, 2003, at 11:38 AM, Robert B.Z. wrote: Your point is well taken, but you made one small mistake there, JP. 1mdc does NOT expand the money supply in any way. -- Patrick In a way it actually does. Much in the same way a bank deposit or holding a plug type=sales balance in

[e-gold-list] Re: e-gold for stocks

2003-10-29 Thread Patrick Chkoreff
On Wednesday, October 29, 2003, at 03:27 PM, [EMAIL PROTECTED] wrote: Your point is well taken, but you made one small mistake there, JP. 1mdc does NOT expand the money supply in any way. I'd have to think about that onetricky!! (We're used to thinking about fractional reserve type banking

[e-gold-list] Re: What is TGC Share?

2003-10-28 Thread Patrick Chkoreff
On Monday, October 27, 2003, at 02:10 PM, Robert B.Z. wrote: 1,000 shares are sold, goldslots.dom outexchanges the 1,000 ounzes to pay some new software it bought. People now hold 1,000oz worth of shares, there are 1,000oz in circulation, do you see where I'm heading here? In theory the number

[e-gold-list] Re: e-gold for stocks

2003-10-28 Thread Patrick Chkoreff
On Tuesday, October 28, 2003, at 05:20 PM, Robert B.Z. wrote: Well Jim, you see, we have borrowed against our shares to buy more shares to borrow against and we then traded some gold puts and ended up with almost twice the fiat we had started with and get to keep a cut of the dividends as well.

[e-gold-list] Re: e-gold for stocks

2003-10-28 Thread Patrick Chkoreff
On Tuesday, October 28, 2003, at 06:10 PM, Robert B.Z. wrote: I actually think you got exactly where I was going with this, picked it up and took it to it's logic conclusion. And it took you only a few lines, too. Once people start using shares as a means to trade other stuff, we have a fiat

[e-gold-list] Re: What is TGC Share?

2003-10-27 Thread Patrick Chkoreff
On Monday, October 27, 2003, at 12:42 AM, Robert B.Z. wrote: Has it appeared to anyone that we are essentially turning our gold into paper when we invest in stocks? Just wondering. I know, people will now argue that shares are traded in gold and exchangeable only for gold and that therefore the

[e-gold-list] TGC IPO Now Clear!

2003-10-24 Thread Patrick Chkoreff
The TGC IPO shares are now all sold. The secondary market is wide open now. https://www.dbourse.com/guests/ -- Patrick --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK)

[e-gold-list] Re: Casino Technology/Algorithms

2003-10-24 Thread Patrick Chkoreff
On Friday, October 24, 2003, at 10:08 PM, Adam Selene wrote: I think the card-holder is called a shoe (for some reason) Duh, my bad. Although anyone know the reason?? Casino dealers shuffle two to six packs of cards together and puts them into a device which ensures that only the top card can

[e-gold-list] Re: A Free Zone in Alabama

2003-10-23 Thread Patrick Chkoreff
On Thursday, October 23, 2003, at 01:50 PM, Ben Legume wrote: Firstly, what sort of government relies on a ruling from another government's officials to give it legitimacy? That is the behaviour of a principality, protectorate or colony. But Ben, let's look at the wording of the announcement

[e-gold-list] Re: Goldbarter Post

2003-10-21 Thread Patrick Chkoreff
On Tuesday, October 21, 2003, at 04:41 AM, Phil Watson wrote: For the cigar aficionados in the group... I have posted a box of Cuban cigars - Montecristo #2 on goldbarter ellsmoke Cool! -- Patrick --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a

[e-gold-list] Re: question on coins

2003-10-21 Thread Patrick Chkoreff
On Tuesday, October 21, 2003, at 02:15 AM, Robert B.Z. wrote: I do actually believe that coins are more expensive than paper notes (to mint, transport and store) but also more durable. However there is the administrative part that allows you to simply weigh coins to determine the number of

[e-gold-list] The Nature of Value

2003-10-17 Thread Patrick Chkoreff
A good essay on the nature of economic value. http://mises.org/fullstory.asp?control=1349 Here are some excerpts: By Gene Callahan [Posted October 17, 2003] Somewhat ironically, it was one of the greatest philosophers who has ever lived, Aristotle, who was perhaps most responsible for

[e-gold-list] Economic Incentives

2003-10-15 Thread Patrick Chkoreff
On Tuesday, October 14, 2003, at 01:59 AM, Khurram Khan wrote: ... Let's take roads for example. If it is not done through the government, usually, people will not build roads because everybody will be waiting for someone else to build it. Yes! Definitely! That is exactly how it should be.

[e-gold-list] Economic Incentives

2003-10-15 Thread Patrick Chkoreff
On Tuesday, October 14, 2003, at 01:59 AM, Khurram Khan wrote: ... I know I'm about to get a swarm of emails saying You are F***ing wrong but oh-well. Oh and by the way Khurram, you are not only wrong, you are Fudging wrong! -- Patrick --- You are currently subscribed to e-gold-list as: [EMAIL

[e-gold-list] Re: Debit Cards

2003-10-15 Thread Patrick Chkoreff
On Wednesday, October 15, 2003, at 10:39 PM, Jim Davidson wrote: Have you looked at the cards from http://freeluna.dreambuildersystems.com/ yet? These look intriguing. http://www.e-bullion.com/ I've had excellent results with these folks, and own one of their cards. Same here. I liked the card

[e-gold-list] RE: retailing the Moon

2003-10-14 Thread Patrick Chkoreff
On Tuesday, October 14, 2003, at 01:56 AM, Ian Green wrote: When he goes there and asserts his claim, then I will give more consideration to his claim, but not because of any powers of the land office. Does that office derive its powers from a government that does not exist? Right, ownership of

[e-gold-list] Re: Income tax

2003-10-14 Thread Patrick Chkoreff
On Tuesday, October 14, 2003, at 02:38 PM, Ian Green wrote: ... Unfortunately, there remains a high amount of taxation on petrol. ... Petrol taxes are closer to user fees than any other tax. The more miles you drive, the more you pay for roads. So of all the despised and dreaded taxes, petrol

[e-gold-list] Re: The Myth of Insufficient Gold

2003-10-12 Thread Patrick Chkoreff
On Sunday, October 12, 2003, at 02:18 PM, FileMatrix wrote: But in the United States, the thugs outlawed redeeming currency for gold. Patrick, why is this redeeming word so important? Can't you just say you *exchange* paper money for gold on the free market? ... I understand what you have in

[e-gold-list] Re: Islamic banking

2003-10-11 Thread Patrick Chkoreff
On Saturday, October 11, 2003, at 06:18 AM, Robert B.Z. wrote: Don't you think if the maximum a bank could charge was 1% non-compounding per month or 12% per annum - OR - transaction fees and service charges, but NOT both, and if executives could not earn more that $120,000 before tax and

[e-gold-list] Re: The Myth of Insufficient Gold

2003-10-11 Thread Patrick Chkoreff
On Saturday, October 11, 2003, at 10:27 AM, Danny Van den Berghe wrote: Indeed, but making it independant from gold backing is not necessarily done by force. It may have been done by force in the past, but that does not mean it is the only way. Danny, in your 9-Oct post you described how In

[e-gold-list] Re: The Myth of Insufficient Gold

2003-10-10 Thread Patrick Chkoreff
On Friday, October 10, 2003, at 07:53 AM, Danny Van den Berghe wrote: In fact we could as well say that the interest this person pays is in fact rent he pays to use the item until it becomes his own at the end of the contract. Ah, now I have given you a great business idea how to offer consumer

[e-gold-list] Re: The Myth of Insufficient Gold

2003-10-10 Thread Patrick Chkoreff
On Friday, October 10, 2003, at 02:07 PM, Danny Van den Berghe wrote: Yeah, but isn't publicly calling someone a thug (or any other insulting statement) already a case of initiation of force against a person, and hence the person who utters these words has declared himself a thug by his own

[e-gold-list] Re: The Myth of Insufficient Gold

2003-10-09 Thread Patrick Chkoreff
On Thursday, October 9, 2003, at 03:01 AM, Robert B.Z. wrote: I actually enjoy the objections of both Patrick and Frank because they are contructive and make sense. Here we go: Patrick, if you lend someone a piece of gold and get the piece bank plus a smaller one, you won't be hauled to prison

[e-gold-list] Re: paypal to e-gold service

2003-10-09 Thread Patrick Chkoreff
On Thursday, October 9, 2003, at 04:00 PM, Katz Global Media wrote: I would disagree with this. They will make $20,000 in transactions of which they will glean about 5% of, and then realize that they are being attacked by scammers who are one by one. reversing their paypal spends and claiming

[e-gold-list] Re: The Myth of Insufficient Gold

2003-10-09 Thread Patrick Chkoreff
On Thursday, October 9, 2003, at 02:47 PM, Danny Van den Berghe wrote: Rather unnecessarily complicated constructions are being made to avoid the word 'interest'... What we call 'interest' in the West will be given other names like 'rent' Person 1 pays rent for the use of a house over a certain

[e-gold-list] Re: The impressive progress of the Caliphate

2003-10-08 Thread Patrick Chkoreff
On Tuesday, October 7, 2003, at 06:38 AM, Danny Van den Berghe wrote: No solution is perfect, but ultimately I think the idea of fiat currency is superior, if it is used responsibly. Doesn't bother me if it's not compulsory. Any group of individuals can trade amongst themselves using any

[e-gold-list] Re: The Myth of Insufficient Gold

2003-10-08 Thread Patrick Chkoreff
On Wednesday, October 8, 2003, at 05:49 PM, Robert B.Z. wrote: So, for a gold currency to really and truly work, one has to hammer the laws of physics into the masses and make them see that gold can't be made from thin air and hence, interest has to be outlawed ;o) So if I hand a piece of gold

[e-gold-list] Re: When e-gold takes off in a big way

2003-10-06 Thread Patrick Chkoreff
On Monday, October 6, 2003, at 12:55 AM, Steve Schear wrote: Under a gold standard, the amount of credit that an economy can support is determined by the economy's tangible assets, since every credit instrument is ultimately a claim on some tangible asset, ... This reminds me of another

[e-gold-list] Re: When e-gold takes off in a big way

2003-10-06 Thread Patrick Chkoreff
On Monday, October 6, 2003, at 05:01 AM, FileMatrix wrote: Why stop at 10%? Crank it up to 20% He is not creating any value... Other people are creating the value. Really?! Why should they create value if you don't. You tell Danny not to stop at 10% inflation, yet you want *other* people to

[e-gold-list] Re: When e-gold takes off in a big way

2003-10-06 Thread Patrick Chkoreff
On Monday, October 6, 2003, at 01:40 PM, Steve Schear wrote: At 12:11 PM 10/6/2003 -0400, Patrick Chkoreff wrote: It is also precisely why the US government will never allow the payment of taxes in gold, and why in the 1930's they banned businesses from writing contracts denominated in gold

[e-gold-list] Re: When e-gold takes off in a big way

2003-10-05 Thread Patrick Chkoreff
On Sunday, October 5, 2003, at 03:56 AM, Danny Van den Berghe wrote: An economy where only gold is used as money, would have some problems. Because there is only a fixed amount of gold(money) to facilitate a growing exchange of goods, obviously the value of gold will have to rise. When the

[e-gold-list] Re: units

2003-10-04 Thread Patrick Chkoreff
On Saturday, October 4, 2003, at 03:11 AM, Wilkinson Jens wrote: I actually had a scenario in mind when I asked this question. I was trying to imagine some small town grocer selling apples, and having to write up a sign that says: one apple - 0.008 GAU, which doesn't seem the easiest way to write

[e-gold-list] Re: When e-gold takes off in a big way

2003-10-04 Thread Patrick Chkoreff
On Friday, October 3, 2003, at 06:10 PM, FileMatrix wrote: The supply of gold remains constant; the supply of goods increases. Value of gold relative to goods increases. So, you're the big chief of a country. I am the big chief of another. We have economies that we equally value to 1 ton of

[e-gold-list] Re: When e-gold takes off in a big way

2003-10-03 Thread Patrick Chkoreff
On Friday, September 19, 2003, at 07:38 AM, FileMatrix wrote: Where did you get the idea that an economy can't outgrow the amount of gold a country posses? How is that? ... A piece of gold can go a long way. Let's say Alice produces food and Bob produces electricity. Alice buys some power

[e-gold-list] Re: Great Photos of both Gold and Silver US certs up to 1957

2003-10-03 Thread Patrick Chkoreff
On Thursday, October 2, 2003, at 04:33 PM, Patrick Chkoreff wrote: conversion ratio of about $19.39 per ounce, slightly less than the $20 per ounce figure you ordinarily hear about. Perhaps the balance would represent some exchange fee built into the system? It is an interesting point. I do

[e-gold-list] Re: When e-gold takes off in a big way

2003-10-03 Thread Patrick Chkoreff
On Friday, October 3, 2003, at 06:10 PM, FileMatrix wrote: ... And that is because the growth of an economy doesn't mean moving money back and forth between Alice and Bob, but creating new value! In your attempt to make a caricature of my example you have neglected the most obvious point of

[e-gold-list] Re: question about units

2003-10-01 Thread Patrick Chkoreff
On Wednesday, October 1, 2003, at 07:19 AM, Wilkinson Jens wrote: One thing I wanted to ask about is units. Gold is generally counted in troy ounces or in grams, but both of these units seem a bit far from real life. I think that a gram is worth about 10 dollars, so that means one US cent would

[e-gold-list] Re: Great Photos of both Gold and Silver US certs up to 1957

2003-10-01 Thread Patrick Chkoreff
On Wednesday, October 1, 2003, at 02:32 PM, Gold Pages Staff wrote: I have seven great photo copies here from 1899 - 1957. http://www.liberty-silver.net/US_Silver-Gold_Certificates.htm Including the US 1922 $10 Large Size Gold Note which states Payable to bearer on demand, ten dollars in

[e-gold-list] Re: The sky is crowded?!

2003-09-29 Thread Patrick Chkoreff
On Monday, September 29, 2003, at 10:47 AM, Katz Global Media wrote: Why does Kinko's have an apostrophe in the name? The term Kinko's is the possessive form meaning belonging to Kinko. Paul Orfalea, who started the business in 1970, acquired the nickname Kinko because of his curly, reddish

[e-gold-list] Re: When e-gold takes off in a big way

2003-09-22 Thread Patrick Chkoreff
On Sunday, September 21, 2003, at 05:52 AM, FileMatrix wrote: I wonder what Robert S.Z. has to say about Malaysia using gold only for a limited time. Robert *said* that! George: I searched back through the e-gold list and I do not see where Robert said that. Perhaps you can find the citation

[e-gold-list] dinar

2003-09-20 Thread Patrick Chkoreff
I just found out that in addition to the 4.25g dinar coin, Malaysia will also issue 1/4 dinar, 1/2 dinar, 2 dinar, and 4 dinar coins. http://www.khilafah.com/home/category.php?DocumentID=7961TagID=2 Each coin has a gold purity of 91.7%, also known as 22-carat gold. Weights, and USD value of

[e-gold-list] Re: When e-gold takes off in a big way

2003-09-18 Thread Patrick Chkoreff
On Thursday, September 18, 2003, at 08:08 AM, FileMatrix wrote: In conclusion, gold needs paper money so it could be valuable relative to that. George: You have it exactly backwards. Paper money needs gold so it can be valuable relative to that. That's the way it was in the United States

[e-gold-list] Re: Mugabe's bearer checks

2003-09-18 Thread Patrick Chkoreff
On Thursday, September 18, 2003, at 08:37 AM, James M. Ray wrote: http://www.sabcnews.com/Article/PrintWholeStory/0,2160,65959,00.html Wow. The fastest shrinking economy on the planet! JMR Wow, so instead of printing pieces of paper and calling them cash, they are printing pieces of paper and

[e-gold-list] Re: When e-gold takes off in a big way

2003-09-18 Thread Patrick Chkoreff
On Thursday, September 18, 2003, at 11:58 AM, FileMatrix wrote: As Graham said, it will only be a fraction of a fraction of a percentage of the worlds economies! Gold simply can't back the world's economy! There isn't enough! Paper money can exactly because it can be printed (and destroyed)!

[e-gold-list] Trade, Tokens, Taxes

2003-09-18 Thread Patrick Chkoreff
George: A few clarifications are in order. There are only individual people trading things for things. I view this as primary. A trade is just two individuals mutually causing a change in their state of affairs. Before a trade, Alice is in state X and Bob is in state Y. After the trade,

[e-gold-list] Re: When e-gold takes off in a big way

2003-09-17 Thread Patrick Chkoreff
On Wednesday, September 17, 2003, at 11:28 AM, Asiana Gold wrote: Have people considered the problem of what will happen when systems like e-gold really take off in a big way? Then US fedgov will demand a back door to monitor transactions, impose various Know Your Customer and PATRIOT-related

[e-gold-list] Re: ??? september 11th, 2001 family need donations ??? SCAM ?

2003-09-13 Thread Patrick Chkoreff
On Saturday, September 13, 2003, at 07:13 AM, FileMatrix wrote: The White House site is www.whitehouse.GOV The other site seems to be an irony toward the US government. James: George is right. Make sure you only donate to the official government sanctioned 9/11 charity run by the Red Cross.

[e-gold-list] Re: More on Micropayment Failure

2003-09-13 Thread Patrick Chkoreff
On Saturday, September 13, 2003, at 07:16 PM, Mike McNamara wrote: From a link that I saw on Slashdot: http://shirky.com/writings/fame_vs_fortune.html Also from Shirky, on a very similar subject: http://shirky.com/writings/weblogs_publishing.html -- Patrick --- You are currently subscribed

[e-gold-list] Re: Anti-hacker script - important

2003-09-12 Thread Patrick Chkoreff
On Friday, September 12, 2003, at 01:13 PM, Ragnar wrote: To all: Please save the below script as text, with the .html extension. Maybe, q.html. Then activate with your browser. This will send fake logins to hackers/spammers that author fake e-gold sites. Newer/updated versions of this script

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