E-gold is claiming to store in Switzerland.
According to Examiner on the e-gold website, they have
four bars stored in Zurich, Switzerland, except that I
have been unable to find the name of the custodian or
bank or vaults, the agreement e-gold has with them or
any other reference to that
On 15 Jan 2002, at 8:25, HeinRich W. KocH wrote:
Gold is only real money if you are physically in posession of it. DGC
do not differ much from fiat currencies except that it better suited
for international payments over a medium like the internet.
Not true. The main charracteristic of fiat
--- [EMAIL PROTECTED] wrote:
This has been an interesting thread, do any of the
DGCs store gold in Switzerland?
don
E-gold is claiming to store in Switzerland.
This has been an unsolved mystery to me in the past.
According to Examiner on the e-gold website, they have
four bars stored
[EMAIL PROTECTED] wrote:
This is not correct banks do not lone out depositors money because it is a
liability to the bank.
It just creates credit out of thin air. No ones account is reduced by any
amount when the bank creates credit.
Just so you know Banks can't lone out their assets
This has been an interesting thread, do any of the DGCs store gold in Switzerland?
don
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The real reason for its existence is the making of money out of
debt.
The act of borrowing by the federal government causes money to
spring into existence.
There is no money. The FED does not create money. It creates
credit. All banks
Personally, I would prefer gold and silver coin. Small, portable, and
they are nobody's liability. DGC's are still someone's liability. They
owe you the gold should you decide to redeem. As our legal profession
says, possession is 9/10th's of the law.
Steve
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SnowDog wrote:
Let's say the 'Great Reckoning'
all happens and the USD goes to hell. The credit cycle is over!
I don't understand. How do you envision this 'end-game' scenario coming
about? What do you see happening to the value of the USD, and how can it
significantly change in value?
[EMAIL PROTECTED] wrote:
Who can answer the question? If the USD starts to collapse on
Monday, where's the best place to hold wealth?
I wouldn't want it all in one place or form.
Bob
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Let's say Japan follows Argentina the way of the Dodo, and then a
couple of other minor countries too. Let's say the 'Great Reckoning'
all happens and the USD goes to hell. The credit cycle is over!
Doom!
I don't understand. How do you envision this 'end-game' scenario coming
about? What
Let's say Japan follows Argentina the way of the Dodo, and then a
couple of other minor countries too. Let's say the 'Great Reckoning'
all happens and the USD goes to hell. The credit cycle is over!
Doom!
I don't understand. How do you envision this 'end-game' scenario coming
about?
I
If you have enough wealth to worry about such things, diversify your
holdings! Put some in DGCs (more than 1), some in gold bars or coins,
some in real estate, some in commodities, some in appropriate shares
etc. If all else fails, buy canned goods, ammunition and LOTS of
toilet paper and
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