Adam, > Could someone please explain it to me why it is so expensive to purchase > e-gold and it is so inexpensive to sell it?
It is a spread that has to be considered as one. If you look at e-gold as a currency, the spread is probably around 3-4% which is the same you would expect to pay retail if you were changing between any major currency - for example US dollars to Canadian dollars. > If I were in the business of trying to get e-currency accepted by the > masses, then I would definitely try to minimize the cost of purchasing it. The problem is that nobody is really in that business... e-gold are the ones who stand to benefit most from increased usage, and they seem to do precisely nothing in terms of trying to promote usage. > Let face it, the cost of purchasing is prohibitive, and the cost of > selling > is actually negative, some exchanges even offer a bonus of 1%. This is > counter productive and it actually encourages a diminishing amount of e- > gold > in the system. No, it does not diminsh the amount of e-gold in the system. It is just changing hands. Obviously if a market maker can buy at 1% from the public or at 4% (for example) from Omnipay then they would rather pay the 1% premium. This is good in that it encourages liquidity. Regards Nick Fidex --- 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.
