[e-gold-list] Re: arbitrage -- goldGrams

[Viking Coder]

> CCS wrote
> You could execute an arbitrage in the other direction.  (1) Sell gg
> for $.  (2) Buy e-gold with $.  (3) Exercise your right to redeem your
> e-gold for bullion.  (4)  Deliver the bullion in exchange for gg.  If
> you are a successful arbitrageur then you have more gg than you started
> with.  More likely your "profits" are eaten up by transaction costs
> of various kinds and you end up with less gg.

Also, this isn't anywhere near an instant transaction. Arbitrage is by
definition an (nearly) instant set of transactions. By the time that you
have received your gold bar from e-gold and have sent it off to GoldMoney
and they have credited your account, days have passed.


Viking Coder
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