From: <[EMAIL PROTECTED]>
> [1] PC! there are actually numerous **very good reasons** that the
> e-gold act 808081 might have more e-gold in in than the sum of all
> 1mdcGrams balances at that minute.
Good. Then there are numerous very good reasons that the Trust might have
more gold in it than the sum of all e-gold balances at that minute. We
agree.
(I only said "put all the gold in e-gold accounts" because you insisted that
(1) There could be no Other Liabilities and (2) There could be no Equity.
Putting everything in e-gold accounts would follow logically from that.)
> ... your assertion about accounting metatruths is just daft man, sorry!)
It's not a metatruth. It's just the way balance sheets are DEFINED.
When you say "oh, it's neither Liability nor Equity, it's just Slop" -- now
THAT's a metatruth. I never saw the "Slop" category in my accounting
textbook.
Assets = Liabilities + Equity + Slop.
Nope, I don't like it. I prefer the traditional definition.
> I see no astonishing reason that the extra gold **MIGHT NOT** belong
> to e-gold holders.
>
> That would be totally, totally, totally, totally, totally normal.
Good. Then who owns the extra gold is literally none of our business. The
Trust is not a public company, so they have no obligation to disclose their
full balance sheet.
-- Patrick
---
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.
