I wholeheartedly concur with Jim Davidson on this issue.

BEWARE, Graham Kelly continually proves (see list archives) he has no
concept of what constitutes a legitimate, secure or trustworthy
currency. To accept his opinion on issues such as this is very
dangerous.

Jim Davidson wrote:
> INTGold hasn't provided proof of backing.  INTGold has
> faxed some pages indicating that someone, at some point,
> bought some gold.  So what?  How is that proof of backing?
> 
> How do we know the gold was ever actually bought?
> 
> What due diligence was performed to trace the gold sales to
> an actual seller?
> 
> How do we know that gold is still in the possession of INTGold?
> 
> How do we know that gold isn't encumbered by some other lien?
> 
> How do we know that amount of gold is equal to the amount of
> INTgold in circulation?

Until all these questions are answered by a trusted third party
source and all this information is available to the INTGold users,
INTGold must be considered as unsafe and a possible scam.

Graham Kelly wrote:
>>As far as INTGold is concerned, GoldNow is succesfully completing many
>>INTGold sales, exchanges & redemptions daily. Why not try it and 
>>see...?

As they did with OSGold. I say again, beware, Graham also actively
promoted OSGold on this and other lists...

Graham Kelly wrote:
>> the OSGold fiasco was a serious learning
>>opportunity. We learnt manifold lessons...

Under the present circumstances, it does not appear that this is true.

Sidd.



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