try http://www.metal-escrow.com/ as they do it for half the cost of the
others in oz, but I haven't yet tried them.
David Hillary
[EMAIL PROTECTED] wrote:
>
> OK, sounds like I need to do some more shopping around. I went to
> Ozziegold, and they charge 8.5% I think, if you deposit cash straight into
> their bank account, so obviously that's a bit rich. I certainly don't
> have a problem with people recovering credit card fees etc, and taking a
> reasonable margin. I just thought that the rates I had seen were too high
> to make it economic.
>
> As far as Australians being into it, I can think of three reasons none of
> them to be taken seriously! First, most of the web is priced in $US, and
> our banks really slug us for overseas credit card transations. Secondly,
> have you seen the Aussie dollar recently! Look downwards! Third, there
> are a lot of goldbugs over here, with a long national history of chasing
> the metal!
>
> Can you recommend any market makers outside the US that I could
> investigate? Do people use e-gold as a way of storing value, or just to
> fund net transactions?
>
> Thanks,
>
> Brendan.
>
> [EMAIL PROTECTED]
> Sent by: [EMAIL PROTECTED]
> 12/04/01 10:41
>
>
> To: "e-gold Discussion" <[EMAIL PROTECTED]>
> cc:
> Subject: [e-gold-list] Re: Spreads, fees etc
>
> >Can someone give me some thoughts on the best way of minimising the fees
> >and spreads that seem to be everywhere. Not so much e-gold's transaction
> >(50c) and holding (1%) charges, but the 4% I saw someone mention as a
> >buy/sell spread, or the 8% that market makers charge to do the
> >dollar-to-e-gold exchange.
> >
>
> Brendan, those unattractive rates are only if you are funding your
> account using say a credit card.
>
> And, it is very reasonable that the folks who accept credit cards
> have to charge such a rate! (Due to fraud, delays, fees etc
> associated with credit cards.)
>
> If you are purchasing a few thousand bucks of egold, and you are
> willing to pay by wire, you can get a super rate (maybe 2 or 3
> percent)
>
> Basically if you want to use a SOFT form of money (Jeff Fitzmyers:
> http://home.earthlink.net/~fitz22/may.html ) to buy gold, you'll pay
> more, use a HARDER form, pay less. Also if you're in a huge RUSH,
> you'll pay more, if you can wait a few days for eg your bank check to
> clear, you'll pay less.
>
> And how come there are so many people from Australia into egold??! :)
>
> >I like the idea of using e-gold to 'hold' phyical gold, but an 8% hit on
> >the way in makes that pretty uneconomic, doesn't it.
> >
> >The other aspect I would like to explore is using e-gold as an
> >anonymous/secret store of value. Does anyone have any suggestions or
> >thoughts on that?
> >
> >Thanks,
> >
> >Brendan.
> >
>
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