This can't be right but ... using all the VERY spotty data I have
Total Days USD
0 878,826
12 1,406,435
20 1,505,357
26 2,579,490
34 1,074,743
67 1,375,354
And using the Canadian dollar that trades about 200,000 contracts per day
http://futures.tradingcharts.com/chart/CD/M
Each contract is worth 100,000 Canadian dollars or about 66,000 USD.
200,000 x 66,000 = 1.3e10
A simple linear regression results in y=ax+b
y=3396x + 1380028
((1.3e10 - 1380028)/3396)/365 = 10,000 years
But maybe the contracts are double counted (a trade has a buyer and seller so
that volume might = 2?) so maybe 5,000 years
Answer, using my simple 6 points of data, a really long time because this set
of data has a pretty flat slope. If you only use the first 4 rows of data,
e-gold could rival CD in 300-600 years :)
Right now daily e-gold turnover is 0.01% (one one hundredth of a percent) of
Canadian dollar turnover. That's pretty good considering.
Thanks, Jeff
[EMAIL PROTECTED] wrote:
> Well, we have ONE answer in for the stats contest! Not the longest
> answer, but that will win it if it's the only one!
>
> >Hello
> >
> >
> >Answer to your contest question - Some time between 8 and 9 months
> >from now. -Barb
>
> >jic> "When will the daily transaction volume
> >jic> of e-gold first begin to rival the daily
> >jic> transaction volume of one of the smaller
> >jic> national currencies?"
>
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