I agree with you 100%, e-gold would be ideal for many International
Transactions that would obviate the need for bank wires. These transactions
would most likely involve some sort of currency conversion headache anyway,
so why not use gold???? And if you are thinking of using gold as a basis
for the transaction why not e-gold??? I think e-gold needs to sell itself
as a practical gold substitute, and then go and sell gold. But e-gold is
not marketing itself in this manner. I am not really sure how e-gold is
marketing itself. The job of good marketing is to package the product so as
to convince people like me and others that e-gold is the tool to use. Are
there certain markets that e-gold should be focusing on? And if so what is
the best way of doing so?
On Fri, 22 Dec 2000 10:34:05 -0500, George Matyjewicz wrote:
> 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/
> >
> >
> >
> >
> >
> >_______________________________________________________
> >Send a cool gift with your E-Card
> >http://www.bluemountain.com/giftcenter/
>
> ______________________________________
> 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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