You ask very good and important questions.

> Why does this list cater to such blatant fraud?

I don't know that the list caters to fraud.  But it certainly
seems to attract gullible people and the people that prey
on them.

> Is it the nature of people who invest in Gold and view the capital 
> markets as overvalued?  Is it just that the "Offshore" and "Gold 
> Backed" world is prone to wackos??? ...  And I am curious as to 
> why e-gold seems to attract so many wackos and so few "serious" 
> people.  

Superficially that does appear to be the case!  But I think that 
is an overgeneralization.  

Most people don't go beyond the bounds of well worn common 
routine.  Anyone looking into offshore activities or considering 
gold is deviating from the common routine of our society.  The only
people who will do this are either 1) those who don't have good sense
or 2) those who think for themselves.  Even in the later case this
usually entails a certain amount of ignorance/misconception 
and (hopefully eventual) learning.  So there are good reasons to 
expect a higher percentage of wackos and fumbling.

Furthermore, the ambiguities of establishing and maintaining trust 
in confidential relationships and the opportunity for abuse in
the e-gold system attracts crooks for obvious reasons.

The question I would like to pose is: how can we devise means to
solve these problems?  A code of ethics?  A BBB?  Adoption of
certain business practices...

Best,
 
CCS

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