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

[Viking Coder]

> > GoldMoney gram of gold: US$8.93 (as of 5/25/01, er... who said they're
> > real time?)
> 
> Their main supplier, Fidelitrade, is. And when you buy gg that is 
> that price you pay.  But I agree with you, the fees will kill any 
> possible profits from a difference in rates.

The price the main supplier charges is different than the value of the gg
itself, isn't it?

If I sell you a US dollar bill for US$1.50, that doesn't mean that the
dollar bill is now worth US$1.50.

The value of the gg, or any value bearer, is set by the mint/creator of
said gg,  GoldMoney. e-gold sets the value of a gram of e-gold. Of course,
they set the value based upon the value of gold, but neither of them is
real-time.


Viking Coder
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