Re: e-gold News updated

Hello Pete,

> "Despite the unfounded charges and adverse misleading publicity that
> have severely damaged both e-gold and G&SR, G&SR has continued to meet
> all financial obligations and remain completely operational."

> When you think about it, this is quite an achievement.  I'd be surprised
> if any bank could have come through the last few weeks without 
> defaulting.  Similarly a government-issued currency which was subject to
> the same rumours would have collapsed, like Argentina's, Mexico's, and
> all the others.


a long as the gold exists 100% its not possible for a backed currency to
collapse assuming one can dig up a few bucks for hosting fees. They
would have to strip things to the bare bones and out exchange everyone
but that would not be a collapse. It would just be proof of how much better
metal currencies are.

--
Gordon