At 9:27 AM -0800 2/29/00, Tim May wrote:
>Once enough accounts have been frozen, with the account holders "dared" to
>sue in U.S. courts, all confidence in E-Gold will evaporate.
>
>Sounds like an excellent way to nuke these guys.
>
>A bank which freezes on suspicion and then "dares" the account holder to
>sue in U.S. courts is headed for oblivion.
>
>Given that gold is fungible anyway, just what the hell is the supposed
>advantage of "grams of gold," except to gold worshippers, compared to any
>other fungible unit of money? What matters is not whether they claim to
>have little bars of gold sitting in socks in their drawer, or vaults in
>their garage, or whatever...what matter is what their _policies_ are.
>
>And their policies seem to suck.
>
>
>--Tim May
First they're not a bank. Secondly they have more than just gold, ie
silver, palladium, etc. I've personally inspected one of their
storage facilities and met e-gold's founder Doug Jackson and most of
their staff. I didn't see anything that made me suspicious of their
operation. I'm comfortable in personally recommending their service.
I've used e-gold for over a year now and haven't had any problems.
In fact it has become the easiest way to transfer wealth on a small
scale overseas. I even used it to donate to the Jews for the
Preservation of Firearms Ownership. I'm not speaking for them, but I
sense fear of regulatory headaches if monkey wrenchers, like the
ideas you suggested, were to bring on the attention of the government
in a negative way. Remember the power to regulate is the power to
destroy.
Regards, Matt-
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Matthew Gaylor,1933 E. Dublin-Granville Rd., PMB 176, Columbus, OH 43229
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