And not only that, but then there is archimedes principles of fluid displacement (I think I spelled that right).
A floating object will displace it's mass, exactly. (A mass equal to the material it is floating in)
So, if glaciers weight down a land mass, (equal to the glaciers weight), there should be no net change in water levels.--But then again, what if a tectonic plate is holding up that part of land so it doesn't "weight it down"?
I do understand the snow concept though. If it snows a lot more, and rains a lot more, there will be more water located in places other than the oceans. There not only will be more snow pack in colder locations, but more water in the atmosphere, more lakes that are full to the brim, more land that is saturated from rain. (And the oceans aren't nearly deep enough for the continents to be floating, so archimedes is out of luck here.)
Another thing I have heard, that is interesting, is that water located in ice pack/glaciers really doesn't matter anyway. Consider this. What percentage of the total water on Earth is located in ice packs/glaciers? Not very much. The oceans contain so much water, that adding that little wouldn't even be noticed. What would be noticed, are things like El Nino.- A fairly large amount of water that expands due to higher temps., and that causes far more of an increase in water volume than all the glaciers in the world melting. (I don't know if that is true, but it make sense to me. The oceans are truly immense compared to the small amount of ice located on the land.)
Rodney