> "When will the daily transaction volume > of e-gold first begin to rival the daily > transaction volume of one of the smaller > national currencies?" Answer: "I submit that answers to this question will need to be based on gross assumptions about any quantity or volume of transactions in any national currency. No country can or does know or publish overall transaction volume statistics. Because of the centralized nature of the e-gold system, and the public knowledge of its transaction volume, its numbers for comparison are accurately known. The Fisher identity (MV=PT) is an idealized equation which we can not insert real numbers for on any national currency. Only systems such as e-gold can provide meaning to the constituent components of that equation - namely the number of transactions and velocity. We can guess and speculate at answers - and have fun doing so - but large assumptions will swing the results over such a range as to become next to meaningless." HR IMPORTANT NOTICE: If you are not using HushMail, this message could have been read easily by the many people who have access to your open personal email messages. Get your FREE, totally secure email address at http://www.hushmail.com.
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