JP wrote: >>There IS NO WAY, and there will never be a way, for it to be "easy" to >>convert from national currencies to GOLD >> >>(Here's why: >>http://interestingsoftware.com/mayscale.html ) >> >>It will not, cannot and never will be easy.
Patrick wrote: >I didn't say it would ever be easy. I'm just wondering if it can be >easier than it is today. Let me pose a specific scenario. Imagine how cool it would be if I could tell an employer to direct-deposit my paycheck into a certain "bank," and unbeknownst to my employer the funds would actually go to a market maker acting "as" a bank who would then dump gold into my account. I mean, we're kind of getting there with Gaithman's and other MM's ability to direct deposit funds into their accounts and receive gold in return. All we need is a direct deposit route. Sure, the funding of your gold account would not be "easy" for the market maker. He would definitely have to confirm receipt of funds, wait the proper number of days, acquire new bars, and all the hard stuff implied by the May Scale. It's just that HE'D have to do it, not YOU. :-) :-) -- Patrick --- 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.
