[e-gold-list] Re: GoldMoney is Open

2001-02-06 Thread jpm

GoldMoney is live at www.GoldMoney.com

Craig


Amazing, Craig!

Can you tell us a little about it here?  Is it a 100% backed 
currency, how is it related to e-gold, what are the advantages -- etc.

Thanks!

JPM


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[e-gold-list] Re: GoldMoney is Open

2001-02-06 Thread GoldDirectory.com

Their fees are interesting. I like the 1/10th of 1% payment fee. Note, also,
the lost-passphrase fee:

*Payment fee 1/10th of 1% (0.1%) of payment amount; maximum amount of 1
GoldGram (1gg).
*Storage fee  of 1% (0.5%) per annum; charged monthly and/or when the
balance of a Holding is changed by either making or receiving a payment.
*Lost Passphrase fee 100 mils minimum, 2gg maximum; the exact amount charged
depends on the amount of time spent by GoldMoney staff validating the
Holding owner.
*Zero-out Holding fee Less than 1 mil; when the balance of a Holding falls
below 1 mil, the remaining amount is debited from the Holding to bring the
balance to zero.



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[e-gold-list] Re: GoldMoney is Open

2001-02-06 Thread Claude Cormier

On 7 Feb 2001, at 12:48, [EMAIL PROTECTED] wrote:

 Certainly then, goldMoney is (considerably) more expensive for any 
 spends in the 1000s of bucks range.
 
 For those e-gold users who use e-gold to pay things like employee 
 salaries and freelance amounts, e-gold is much cheaper .. I guess.

On 7 Feb 2001, at 12:48, [EMAIL PROTECTED] wrote:

 Certainly then, goldMoney is (considerably) more expensive for 
any 
 spends in the 1000s of bucks range.

Most certainly... but a payment fee of $8.43 on a payment of 
$8,430 may not be excessive when you consider current exchange 
rates and services charges to acquire such a quantity of e-gold in 
the first place.  
 
 For those e-gold users who use e-gold to pay things like 
employee 
 salaries and freelance amounts, e-gold is much cheaper .. I 
guess.

Well again all depends how they acquire their e-gold. Also consider 
that the lower storage fee. I think that current fees structure of both 
e-gold and GoldMoney have something to offer to there users. All 
will really depend on what you do with the gold currencies.  
Investors who want to accumulate gold currencies will prefer 
GoldMoney while heavy spenders who average $500 per spend 
will prefer e-gold.

I will certainly own both! 

Claude



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[e-gold-list] Re: GoldMoney is Open

2001-02-06 Thread Eric Gaither

Craig,

   There are many of us who are GREATLY appreciative of the fact that you do 
read User Agreements.  Your insight is well respected and I, for one, 
usually gain something from the facts you point out in these lengthy, jargon 
filled, CYA, we-have-you-by-the-short-hair agreements that are so prevelant 
in today's world!

Eric


From: "SnowDog" [EMAIL PROTECTED]
To: "e-gold Discussion" [EMAIL PROTECTED]
Subject: [e-gold-list] Re: GoldMoney is Open
Date: Tue, 6 Feb 2001 19:31:37 -0600

  that is a fairly high payment fee isn't it?  that's higher than
  e-gold right -- can anyone do an anlysis?

Am I the only one who reads the User Agreement? :)

The break-even point is at $500. With a $500 payment, both sides charge 50
cents. Above $500, E-Gold charges a lesser rate because they cap their fee
at 50 cents. Below $500, GoldMoney charges a lesser fee because they charge
1/10th of 1 percent per transaction.

Craig



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