I have been a user of e-gold since day one or there abouts.  I have watched
the entire phenomenon grow, e-gold move out of certain activities and the
creation of many new services to help people convert currencies to gold, buy
good, get credit cards, etc.

My only, and now still basic question is, given that when e-gold first
started, the cost seemed almost acceptable and, with one transfer to them, I
could actually just email them and pay certain bills thru their service.
Now, with the proliferation of services, I have yet to get any feeling that
the cost of moving money to an account and then using it to pay a bill here
and there, is, well, 'affordable acceptable.'

I stay away from checking accounts in principle, but there 'up front' zero
cost does set a bench mark that should be considered the standard to be met
or approached.  As it stands to date, if I move money to any service
provider, then have them write a check or use a debit card, my sense---and
this is where my question comes in--- is that the cost of this transaction,
after all is said and done, and 'assuming' the price of gold has not
changed, is between 5-10%!

My question to everyone, is, is this still true?  That using the newly
emerging gold economy costs the average user 5-10%.  How can that ever be
competitive with alternatives?  The ever government controlled banking/check
writing market?  Postal money orders?

Anyway, any insights would be appreciated.

Noël


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