Graham Kelly wrote:
I wouldn't normally disagree. However, the GoldNow terms of trade
specifically advises that we default to the USD value.


Besides, that not an ethical error, just a trading reality.

No, you are incorrect, it is a matter of ethics. If someone gives you something and you wish to return it, you must return exactly what they gave you, not some arbitrary non-equivalent valuation of it.


You were paid a certain weight of gold... all e-gold payments are settled in weight of gold, as clearly stated on the e-gold web site. The exchange rates are merely for convenience.

In order to ethically return an e-gold payment, it is necessary to return the weight of gold.

Sidd.


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