> I found the OSGold site refreshingly simple, and easy to use. I guess it
> appeals to me because I don't like my life cluttered up with legal mumbo
> jumbo as I try to brush my teeth (or perform any other mundane tasks) ...
> I don't NEED to know all of the details of WHY or HOW my car radio works
> either.
>
> Perhaps YOUR life is driven by these things but it seems that the OSGOld
> folks did a little market research before opening THEIR site.
Unfortunately, the details of HOW they maintain customer assets is extremely
important, else they could likely go bankrupt after a period of time, and
then everyone would lose. From reading their website, it appears that they
are going to keep a large number of assets in a bank account, denominated in
US Dollars. If this is true, and yet the accounts themselves are denominated
in gold, then they could become insolvent if the price of gold rises
significantly. Of course, I am speculating, but with detailed information, I
wouldn't need to speculate.
Be aware, the 'devil' is in the details.
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