Forum Archive Index - January 2004

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

BaaBaa
You obviously have not read old post of mine. I do have physical gold stored
in a safe place. I Sold my last yacht for X amount of Gold. The buyer paid
me the value of my yacht in 1 once perth mint nuggets when gold was US$398 I
cashed half in at US$450.00.
I trade gold options, I buy physical gold and I buy and sell gold thru the
e-metal sites, e-gold, e-bullion,forexgold.
And yes I have taken delivery of e-currency gold.
I don't know where you live but I can travel o'seas and pick up my gold in
any country I like. The diaspora Chinese use e-gold, that is how it became
so big and powerful.

Woody
----- Original Message -----
From: "Baa Baa" <baa_baa@hotmail.com>
To: <sharechat@sharechat.co.nz>
Sent: Friday, January 30, 2004 4:57 AM
Subject: Re: [sharechat] Goldmoney website Woody


> Woody, the difference is someone else has your gold and I have mine. Have
> you ever requested delivery? Have you ever seen 'your' gold? Have you made
a
> transaction during a power cut? Can you access your gold when you haven't
> got a computer?
>
> How about we agree to disagree on our preferences for storing gold.
>
>
> >From: "Woody" <solarmax@optusnet.com.au>
> >Reply-To: sharechat@sharechat.co.nz
> >To: <sharechat@sharechat.co.nz>
> >Subject: Re: [sharechat] Goldmoney website Woody
> >Date: Thu, 29 Jan 2004 23:29:00 +1000
> >
> >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
> >----- Original Message -----
> >From: "robin benson" <rob@hammerheadmedia.co.uk>
> >To: <sharechat@sharechat.co.nz>
> >Sent: Thursday, January 29, 2004 8:42 PM
> >Subject: Re: [sharechat] Goldmoney website
> >
> >
> > > Hi BAA
> > >
> > > Point taken - absolutely.
> > >
> > > However, I understand that e-gold is underwritten by physical gold
held
> > > in (LBMA-certified) third-party vaults with transactions involving
> > > escrow agents.
> > >
> > > See:
> > >
> > > http://www.e-gold.com/unsecure/qanda.html
> > >
> > > Regards
> > >
> > > Robin
> > >
> > > NB: I have no material interest in e-gold.com whatsoever. Anybody
> > > wanting to use any service like this must satisfy themselves as to the
> > > suitability of that service for their situation.
> > >
> > > On 29 Jan 2004, at 10:34, Baa Baa wrote:
> > >
> > > > Robin,
> > > >
> > > > That's an interesting stat. In context with my other posts on the
> > > > subject the basis for me is simple. No one looks after my gold but
me.
> > > > Its a perspective I don't like to complicate with liquidity, its
about
> > > > trust, although partly a lack of trust, it's mainly about having
fewer
> > > > counterparties to have to trust. I always know where my gold is and
I
> > > > can reassure myself by looking at it, holding it.
> > > >
> > > > If people are happy with someone else looking after their gold then
> > > > that's their business.
> > > >
> > > > rgds
> > > > BAA
> > >
> > >
> > >
>
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> >
> >
> >
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