Yes, you ABSOLUTELY hit the nail on the head, Craig. All we currently know is that something called "the trust" has a shit-load of gold, which happens to be approximately the same as!! (and greater than!!) the gram figure of the amount of e-gold in circulation.
Again -- this is all UTTER SPECULATION until someone states what the magic excess gold is. has e-gold surpassed, OS Gold's 150% backing ???!! :-) >The purpose in publishing this information is to establish that >they have sufficienct gold assets to cover their e-gold >liabilities. But what they have published establishes that a >significant part of their assets are NOT obligations to e-gold >users but owned by some other party. Since we have no way of >knowing the extent of these other obligations we have no way >of knowing if what is left really is sufficent to cover the >e-gold in circulation. JP's 1ts law of DGC business: Customers will gore you on the minutia of your system. Corollary: live with it, your business is offering the world "money." --- 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.
