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To: E. Charters who wrote (48305)8/15/2010 4:41:30 PM
From: Claude Cormier5 Recommendations  Read Replies (1) | Respond to of 233807
 
What you say does not make sense.

|| Goldmoney is simply scrip money

Scrip money implies some form of credit and is a substitute.

Goldmoney is pure gold and not a substitute. Goldmoney is no form of credit either. Holders of Goldmoney have title to gold bars in a private vault.

|| all they need to hold is one dollar in gold for every 20 in scrip they issue

They cannot do it by their governance which is tripled checked by more than one independent (private) bodies.