Forum Archive Index - January 2004

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

Robbie

What I did was to  transfer my e-gold currency to my e-bullion account then
I can get direct bailment of the physical metal.
But!
in reality it is far easier to leave it in your e-gold account, no thief can
steal it and you can sell it and recieve the cash either thru a debit card
or thru your bank within 24 hours. What I was trying to explain to BaaBaa is
the risks equal themselves out.
i.e. e-gold goes under with your cash ( hardly likely )
A thief breaks into your safe and steals your gold.

Woody

----- Original Message -----
From: "robin benson" <rob@hammerheadmedia.co.uk>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, January 29, 2004 11:48 PM
Subject: Re: [sharechat] Goldmoney website Woody


> Hi Woody
>
> My understanding is when you buy gold via e-gold, they can store it for
> you, but they cannot take it home.
>
> Regards
>
> Robin
>
> On 29 Jan 2004, at 13:29, Woody wrote:
>
> > Robin
> > Yes you are right. I have never had any trouble with e-gold.
> > When you buy physical gold you buy it from a bullion dealer you buys
> > it from
> > the mint. He can store it for you or you can take it home.
> > With e-gold you buy it from them, they buy it from the mint, they
> > store it
> > for you or you can take it home!!
> >
> > Puzzeling Baa Baa what is the difference?
> > I can take posession of the physical gold from e-gold almost as quick
> > as
> > from a bullion dealer here in Cairns.
> > Whats the dif?
> >
> > Woody
>
>
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