At 9:05 PM -0400 7/10/03, Robert S.Z. wrote: ... >I'm talking about paper. My point is that nowadays we exchange paper for >gold, whereas as recently as 30 years ago we exchanged metal backed paper >for other metal backed paper, in essence metal for metal.
I see. Well, as others have pointed-out, governments (not just the US government) have done a poor job at "doing a currency" because of natural pressures on them which don't exist on a private corporation such as e-gold that can concentrate on doing what is a deceptively- tough job. >I did NOT say what everybody seems to think I said, namely that they did >not charge both ways. I did say, two tangible items where exchanged. >e-gold is NOT tangible per say. My whole point is that not that it's a bad >thing to make a profit as an exchanger but that it's simply insane from a >marketing point of view to call it fee and express it in percentage. Well, if that's true, the marketplace shall prove you right! I don't think most customers think in grams yet, or have a coin/nugget (have I said that everyone should own a nugget lately? It's TRUE!!!). e-gold also might seem more "tangible" the longer you use it, and this probably colors my arguments here. >Of course I still believe that that outexchange should be hit much more >than inexchange, but fear that the only way to do this is to set an >example. >And spare me the sour remarks about how it isn't possible, because >merchants have the edge on this one. You see, we actually earn gold. >Meaning, we get it at zero surcharge. Exchangers often have to deal with >Omnipay or each other and pay fees, we don't. It's a weird argument...You seem to wish to pay more if you're ever to get fiat currency than you otherwise would, to dissuade folks from ever doing outexchanges, I guess. I just don't see the need. The system will just grow at a natural rate IMO, with weirdnesses like outexchange after 9/11 (when I'd have been BUYING gold, BTW!) flattening out over time as sensible people bail in more gold bars. >Imagine cyfrocash.com would offer all customers to buy e-gold on the spot >at market, 2 minute delivery - and yes - we could! Stocks are not large >enough yet and we still need a few more people to join the gang, but it >will happen. I don't want to ruin anyone, I just want to proof a point. ... Awesome! That's doing it!! Go for it!! JMR --- 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.
