> e-gold doesn't have to do anything when you buy gold. Because > you > are buying it from an exchange provider or somebody else who > already > has e-gold. All e-gold does is subtract gold from one persons > account, > say $15 dollars worth, and adds it to the other persons > account. > Simple right?
So e-gold buys 400oz bars of gold in advance of demand. Is that right? How much is a 400oz bar, btw? What if e-gold sells all of their gold bars to users, and needs to buy, ahead of demand, another gold bar, and once they do, demand drops. What if e-gold now has only 1 gram of a 400 oz bar sold to the general public and no one is buying any more? Does the 400oz bar (with one gram of it sold) just sit there forever, useless? See, I would have thought that they wait until they accumulate enough money to buy a 400oz bar, and only then buy it. It makes a big difference in terms of time value of money and opportunity costs. That was really the gist of my question. Regards, Ragnar __________________________________________________ Do You Yahoo!? Yahoo! - Official partner of 2002 FIFA World Cup http://fifaworldcup.yahoo.com --- 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.
