Forum Archive Index - January 2004

["Woody" <solarmax@optusnet.com.au>]

I have used e-gold for nearly 3 years now. Great place to park gold, I have
made good profit buying and selling gold and silver thru them and e-bullion.
I have had no problems withdrawing my funds.

Woody
----- Original Message -----
From: "robin benson" <rob@hammerheadmedia.co.uk>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, January 28, 2004 10:29 PM
Subject: Re: [sharechat] Goldmoney website


> BAA - assume you know all about e-gold.com ?
>
> I was speaking to one of the founders of e-gold a while back and,
> apparently, New Zealanders are (proportionally) over-represented in
> terms of e-gold activity,
>
> Regards
>
> Robin
>
> On 28 Jan 2004, at 10:28, Baa Baa wrote:
>
> > Chris,
> >
> > Although I like the presmise behind e-transations underpinned in gold,
> > I'd have to say that 1. I don't use it, and 2. I suspect few do
> > either. It's so -contradictory- imo. Electronic transfer of an 'entry'
> > in an 'electronic database' which is -supposedly- linked to a physical
> > -gold- deposit is, imo, strange bedfellows, at this point in time.
> > Firstly, gold is a physical thing, tangible, real, intrinsic, basic.
> > But, e-transactions are a -mechanism- to make some funds transfer,
> > reliant on the e-regime, and e-availabiliy (of computer/network
> > systems) to effect the transfer. The two don't gel imo, yet. I only
> > own gold (and sludge) as insurance, even although my % exceeds common
> > guidelines, so, I can't reconcile the notion as yet why I would move
> > to underpin my e-transactions in a metal when the -mechanism- itself
> > is inherently risky BUT the underlying asset is not. Frankly, there's
> > no need to. We can prepare ourselves through separatist investment in
> > intrinsic value while maintaiing participation in daily transactions
> > which leverage advanced technologies. Personally, I don't see a
> > compelling need yet to blend the two. It may come, but until my
> > employers pay me in metals, I'll be happy to daily use e-banking,
> > Paypal, e-Bill, Billpay, ... or whatever, before I present my metal as
> > liquidity for a day-to-day transaction.
> >
> > Did any of this make sense?
> > BAA
>
>
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