can someone condense the recent spread arguments down to a sentence or paragraph?
am i right in thinking everyone thinks exchangers should have a spread between bid and ask, but are discussing how that spread should be centered? lets say i went to kitco.com just now and decided to buy some gold...they quote a spot price of $346USD/XAU, looks like i could get a 10oz bar at $358USD/XAU, some Krugerrands at $353USD/XAU, or into their **unallocated** pool account at $347.5USD/XAU. i could sell the same things back at $338USD/XAU, $338USD/XAU, $344USD/XAU. those are spreads of 5% (+3% -2%), 4% (+2%, -2%), 1% (+.4%, -.6%). i go over to OmniPay.com and check things out...they quote a spot price of $346.5USD/XAU, buy at $353USD/XAU and sell to them at $340USD/XAU - a spread of 4% (+2%, -2%). (forgot to mention, i also pay shipping and insurance using kitco, so add in say $100 USD on a 50 XAU buy). it looks to me like getting the useful stuff called e-gold at OmniPay is competitive with getting/sending a heavy package from/to kitco? can someone give me a real-world counter example? thanks, jay w. [EMAIL PROTECTED] --- 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.
