[e-gold-list] Re: Kelly does it again!!

[AnyGoldNow]

Ouch...
OK, let's take these nonsenses one by one:

> If companies keep encountering these problems, the industry will be
> sliced into smaller fragments. I think that is already happening to
> some degree. how much business has exchangers lost in the last year?

Not sure for the others...
We enjoyed an increase in business ourselves, not counting
whatever has been traded through EMO until March.

> How much customer money have exchangers inadvertently 
> lost through their choices about who they partner with in 2006? 

None that I know of.
Contrary to what you seem to think, Customers drive the market,
NOT Exchangers!!

The reality is in fact the exact other way around:
How much exchangers' money have customers inadvertently 
lost through their choices of e-Currencies, as exchangers
must keep a stock of e-currencies themselves in order to be
able to satisfy market (customers) demand...
(except for "poor service" exchangers, who do not have stock
(or cash) on hand, and keep their customers waiting for their 
gold, or their wire...)

> This now of course could be asked of debit card providers.

In the case of the "Debit card providers", card merchants will 
take a loss with unsold (now lost) cards.

Apart from that, nobody will lose a dime (except for the scammers, 
and other "privacy freaks" who did not activate their card with actual 
info... and who will never be able to cash the checks that NYCCU 
will most probably send ... to the officially registered cardholder's
address...

> See I never knew that all DGC card issuers used the same card company. 

Wow...
It was only a matter of reading the respective websites!

> If I had known that I would have considered that to be a huge 
> systemic risk and would have never even bothered with BGC.

> What all this tells me is to look out for broad movement toward one
> system. EmoCorp comes to mind here as a great example. A bunch 
> of exchangers where migrating to them at the time of their raid. 

Not at all: 
There were only 2 exchangers involved with EMO when they were raided!
AnyGoldNow, and GoldEx!
Both of us lost quite a bit of money over the EMO mess, and both of us 
survived, as, contrary to what you say, we were not "migrating" to EMO 
in any way, but were in fact using EMO to complement our existing customer 
base.

> They became a broad risk and many people lost millions, 

Who became a "broad risk"? 
GoldEx, and AnyGoldNow, who survived the problem, despite the loss
we took (cash we were keeping in the system in order to satisfy 
customer's orders).

The only "broad risk" was due to poor EMO's lawyer's advices,
a new state law nobody had heard of, and Texas style political crap.

As for your "many people lost millions", this must be the most
undocumented, and poorly thought of quote of the year!!!

How do you come up with such ridiculous figures?!?

There were 140,000 + accounts in the EMO system, about
$4 to $5 million in customer's funds, AnyGoldNow being the second 
largest creditor, absolutely nowhere near being an "EMO millionaire",
and the third largest creditor was lucky enough to have less than half 
of what we had in the system at the time the system was shut down!

> its very likely they were the cause of the raid in the first place, 

This has got to get the second prize for undocumented, and poorly 
thought of quote of the year.
Your apparent ignorence of simple (and basically publicly available) 
facts is in fact frightening!

> even though you will probably disagree with that thought.

You are at least right on this one: Yes, I totally "disagree with that 
thought", as it is totally unfounded.

> That is a net loss to the ship you speak of. I have taught myself a
> lesson today.

Considering what's above, you are far from being done learning!

Quite disapointing, Gordon, to be frank with you.
I really thought you knew better.

Kind regards, however,


Patrick,
http://AnyGoldNow.com
THE Exchange Provider
Any Gold, Any time, Anywhere
Get & Fund your GoldtoCard Debit Card


> Gordon



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