At 07:14 AM 12/22/2000 -0800, Glencannon Group Ltd. wrote:
>You see I am not always a crank here. I am trying to be positive. I am
>still curious about the potential Markets that e-gold could serve, not
>necesarily just the technical services that e-gold can provide. I hope
>everyone sees the distinction. e-gold can do a lot of things that are
>probably not practical to market to. I still believe that e-gold capital
>gains problems make it an impractical tool for US companies that don't see a
>huge gain in handling e-gold transactions. I still think marketing e-gold
>as a safe high-tech way of buying and selling gold is the best option for
>e-gold. People buy into a commodity knowing that they will experience
>capital gains problems. Just as with any investment. Are their any other
>target markets that e-gold would fit into no without forcing the commercial
>user to invest in new software, technology, personnel, or new accounting
>procedures?
>
While I agree with your approach, I disagree with the capital
gains issue as being a show stopper. It all depends on how it is
presented. If a company can save time and/or money, then the
capital gains issue is moot. For example, if it takes 5-10 days
for a wire transfer to be enacted by one company to another, or
if it takes days of time and expenses to prepare a letter of
credit, which can be done instantly, then capital gains is not an
issue. And, if I can make money also, then capital gains is a big plus!
Consider for a moment a company having money in a savings
vehicle, which is then transferred to a checking account for
paying bills. They do have to pay taxes on the savings (ordinary
income, and not the benefit of capital gains). So why should the
benefits of immediate funding not offset capital gains?
George
> > >
> > >Potential e-gold Markets that are available now and require no
>investment by
> > >the business user in complex accounting systems (I am going to be as all
> > >encompassing as possible here and encourage people to add categories):
> > >
> > >1. Offshore Non-Taxable Transactions.
> > >2. Charities (non-taxable)
> > >3. Criminal Ponzi Scams (don't like it but it is a market)
> > >4. Offshore Money Laundering (again don't like it but its there)
> > >5. Offshore Service Providers giving immediate goods and/or services to
> > >worldwide consumers. (example URL registry)
> > >6. INVESTORS - I think e-gold is a great way of investing in gold if
>you
> > >don't want to get stuck with a lot of heavy metal around under your bed.
> >
> > If you add Standard Reserve into the equation, you can also do:
> > 1. Folks who work in one country but live in another and want to
> > send money "home" using our stored value card.
> > 2. **ALL** businesses in the retail supply chain - manufacturer
> > ---> importer ---> wholesaler ---> retailer --> consumer.
> > 3. Anybody who offers a micro-payment process, i.e., pay by page
> > view or pay by time. Great for sale of intellectual property
> > (i.e., music or software), online time charges for support,
> > telephone charges, mCommerce, etc.
> > 4. Membership dues to any organization.
> > 5. Any retailer who wants immediate access to funds (e-Gold also)
> >
> > And if I sit and really think could probably come up with a couple dozen
>more.
> >
> > George
> >
>
>
>Glencannon Group Ltd.
>http://www.glencannongroup.com/
>[EMAIL PROTECTED]
>[EMAIL PROTECTED] (for a more secure email)
>fax: 419-710-4339
>_*_*_*_*_
>For an e-gold funded Debit Card: http://www.glencannongroup.com/genucap/
>
>
>
>
>
>_______________________________________________________
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______________________________________
George Matyjewicz, Chief Executive Officer
Standard Reserve Corp. -- Atlanta, GA
Acct# 120018 Tel: 770-300-3070 Ext 2818
World Wide Currency for the World Wide Web
http://www.standardreserve.com
mailto:[EMAIL PROTECTED]
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