> 
> Robert wrote: "Right now there is a guy who is trying for three days to sell
> a larger amount of e-gold, but he doesn't know whom to trust and indeed is
> reluctant to do the spend at -1%"
> 
> Shouldn't he trust OmniPay for such large amounts?


He could use Omnipay, and pay 2% in the process to sell his gold, not to
mention their higher wire and check fees.

We do it for 1% and a bank wire fee. I can understand his reluctance to pay
1%, but it's hard enough to stay in this business with a total 2.5% spread
considering that gold prices swing up and down all the time, a lot of effort
is needed for fraud prevention, etc. E-gold users would like to get their
e-gold for spot and sell it at spot, but that's definitely not going to
happen since that leaves $0 for the service provider.

If he doesn't want to pay the 1%, then he may not want to use e-gold.



- John
---
http://cambist.net





---
You are currently subscribed to e-gold-list as: [EMAIL PROTECTED]
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.

Reply via email to