We'll start with known quantities. e-gold in circulation - 44,475.17 oz. gold ($11.7 million) total - 46,400.00 oz. gold ($12.2 million) daily transaction volume - 5700 oz. gold ($1.5 million) US in circulation - $562.949 billion total - $817.577 billion GDP - $8.511 Trillion ($23.32 billion/day) The ten smallest GDPs for countries that have their own currency. STD Dobra (São Tomé) - $164 million TOP Pa'anga (Tonga) - $232 million VUV Vatu (Vanuatu) - $240 million WST Tala (Samoa) - $470 million MVR Maldivian Rufiyaa (Maldives) - $500 million DJF Djibouti Franc (Djibouti) - $530 million SCR Seychelles Rupee (Seychelles) - $550 million CVE Cape Verdean Escudo (Cape Verde) - $581 million BZD Belize Dollar (Belize) - $700 million SBD Solomon Islands Dollar - $1.15 billion (Solomon Islands) An e-gold velocity historical data point. http://www.mail-archive.com/e-gold-list@talk.e-gold.com/msg02528.html 9 Jun 1999 daily transaction volume - $6700 This works out to 225x in 20 months or 31%/month. Now on to the mathematical analysis... The GDP isn't the same as the transaction volume. The GDP is the amount of official/logged transactions, i.e. retail, etc... However, we can figure out the neccesary transaction volumes given two assumptions. - The correlation between circulation volume and transaction volume is the same for all currencies. - The correlation between GDP and transaction volume is the same for all currencies. (This isn't true, but we something to work with) We know the circulation of AUG & USD, the AUG transaction volume, and the USD GDP. (Don't we just love TLAs :) This gives us... USD daily transaction volume - $72.17 billion Which gives us the daily transaction volumes for the above ten currencies. STD (Dobra) - $1.35 million TOP (Pa'anga) - $1.9 million VUV (Vatu) - $1.97 million WST (Tala) - $3.86 million MVR (Maldivian Rufiyaa) - $4.11 million DJF (Djibouti Franc) - $4.36 million SCR (Seychelles Rupee) - $4.52 million CVE (Cape Verdean Escudo) - $4.78 million BZD (Belize Dollar) - $5.75 million SBD (Solomon Islands Dollar) - $9.45 million Using the given e-gold growth rate, we can determine when e-gold's transaction volume will exceed the listed currencies transaction volume. STD (Dobra) - Already exceeded TOP (Pa'anga) - April VUV (Vatu) - April WST (Tala) - August MVR (Maldivian Rufiyaa) - August DJF (Djibouti Franc) - August SCR (Seychelles Rupee) - September CVE (Cape Verdean Escudo) - September BVD (Belize Dollar) - October SBD (Solomon Islands Dollar) - November Viking Coder ________________ Worth Two Cents? http://www.2cw.org/VikingCoder --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
