Quote:
Originally Posted by Vendot
How do you know you have $1000 in your bank account? You can see it on your statement on paper or via online banking. You cant physically see the money or hold it unless you withdraw it but you mostly just assume its there based on trust.
So essentially its a matter of understanding who it is that you're dealing with and making an assessment of whether or not you want to trust them. You also consider what claims they make about guarantees.
http://www.goldmoney.com/en/guarantee.html |
With banks at least the funds are FDIC insured, with gold money if something goes wrong, you are shit out of luck... if respected wall street guys can run a 50 Billion ponzi scheme for years, it wouldn't exactly be a shocker if gold money turned out to be running a ponzi scheme or some other scam too...
