On 16 Mar 2002, at 15:25, Tristan Petersen wrote: > think some would say there is a shortage in the means to obtain > e-gold. It is very hard to obtain e-gold, relative to obtaining other > digital gold currencies - for large transactions such as those cambios > would perform.
Hello Tristan, I am sure this is not exactly what you mean. Because it is very easy to obtain large quantities of e-gold at a reasonable markup above spot through Omnipay (which by the way has an excellent service), therefore leaving a reasonable margin to exchange operators. Keep in mind that most of them charge 4%-5% to their customers. Some much more than that. Most of e-gold clientele find retail rates of 4-7% acceptable. This rate is what you pay when you buy gold coins at a bullion dealer. In my opinion, rates will drop only when the users decide that this 4- 7% range is to high. I don't see happening soon. For reasons you probably suspect, most users are perfectly happy paying these rates. I agree that bailing a bar in GoldMoney is easy. G&SR should do same. But if they do, they will not make as much money. That is their decision and we have to live with it until they change their mind. GoldMoney is targetting another market and its users demand much lower rates. That is why they have build in a structure that will provide lower rates. Each has its own market and rates structure I guess. Claude Cormier Ormetal Inc. http://www.goldcurrencies.ca http://www.ormetal.com ============================================= Claude Cormier Public Key http://www.ormetal.com/keys/ClaudeCormier.asc ============================================= --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
