[e-gold-list] Re: Re Gold Age

[Craig Haynie]

> Craig Haynie wrote:
>
>> I suppose that if e-gold is not a currency then transmitting it can't be
>> considered money transmission. The problem is that the DA, in the Gold 
>> Age
>> case, is considering the idea of money tranmission to be nothing more 
>> than
>> buying with one form of payment, and then selling with another, 
>> effectively
>> moving money.
>
>
> Yes.  So if you sell a piece of gold to Bob one day, and then the next
> day you buy a piece of gold from Carol, you have committed a felony.

Actually, I think Ragnar is being accused of selling a piece of gold to an 
undercover officer one day, then buying it back from him on a different day, 
using a different payment method than the one he used when he bought it. So 
the guy buying the gold and then selling it would effectively be 
transferring money.

But the same holds true of anything bought or sold. You could buy something 
on eBay using cash, then sell it the next day for a bank wire to your 
offshore account. It's a misreading of the law. The law was never meant to 
prevent people from buying and selling things like gold.

Craig



---
You are currently subscribed to e-gold-list as: e-gold-list at kobly.com
To unsubscribe send a blank email to leave-e-gold-list-512001C at talk.e-gold.com

Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.