E-gold can be redeemed for gold. Which is another way of saying that e-gold is NOT gold. It is something that can be redeemed for gold.
Fair enough. I would, though, wish to contrast it with other things which are not redeemable for gold, such as Federal Reserve Notes, or which are known to have falsely claimed to be or implied that they are redeemable for gold such as OSGold.
A case in point would be INTGold. I am uncertain whether there is any gold to it. I am clear that there is no stated process for redeeming INTGold into actual gold.
So, I prefer to differentiate between systems which are gold, where there is really gold involved, and systems which don't involve gold, except in the name.
Regards,
Jim http://www.ezez.com/
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