Doug Jackson has personally told me on two occasions that there is more gold in the trust than the amount of e-gold on the books. Assuming that this is still the case, the extra gold is owned by the trust for the benefit of all the account holders.
Since the trust owns the gold bars for the benefit of the account holders, it means that your e-gold account is roughly 102% backed by gold. No one other than the trust owns the extra gold. As Jim pointed out, Omnipay has an e-gold account, but e-gold probably doesn't have an e-gold account. Omnipay's e-gold would be included in the figure for all the e-gold on the books. Therefore the extra gold is analagous to coins that contain slightly more gold than the face value. The e-gold trust contains slightly more gold than the liabilities against the trust represent. This is a good thing for the people with funded e-gold accounts. 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.
