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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.90

+0.1%

4:00 PM EST

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To: Claude Cormier who wrote (63551)	2/9/2001 9:54:24 AM
From: Professor Dotcomm	Read Replies (1) of 116795

Turk's speech was stimulating but would you mind walking me through what actually would happen? Would it be like this? Here I am. I have US$ 1,000 in my bank account. I decide to try out the new GoldMoney card. Do I now send them a check for $1,000? Do they then convert this to four (or whatever) ounces? Then I decide to buy a book from Amazon - using my new card. The book costs $26. GoldMoney credits Amazon with $26 and deducts one tenth of an ounce from my account. I then go on vacation to Paris and spend a night at a hotel for which I am charged 275 Euro. GoldMoney gives them the Euros and I am deducted an ounce of gold...und so weiter...und so weiter. My problem is that I don't know exactly who is holding my gold. Where is the stuff physically? Or is it just "e-gold"?

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