> Eventually they need to very simply explain why the e-gold trust has > - simple fact - *too much gold in it* (note point ii before > responding, dear readers!) > Again, anyone who can do so, please simply state in English typing > what that "extra" gold in the trust is. > > (If you don't DEFINITIVELY KNOW, type nothing)
I don't know and I won't offer an opinion, just a historical anecdote. In the USA during the eighteenth and nineteenth centuries gold and silver coins were minted by private refiners. The ones that gained the greatest and most enduring popularity were the coins of one or two refiners who always put a little more gold in the coin than the face value said. They charged a high enough seignorage fee to cover this, and their coins were prized above all others as good money long past the death of the refiner himself. It seems like this idea could be applied to a deposit currency, and maybe it already has been. Ken --- 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 accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
