On 26 Aug 2001, at 12:22, SnowDog wrote:
> Goldfinger Coin and Bullion is selling GoldMoney GoldGrams for only
> 2%. They must be bailing in the gold to offer this kind of rate.
And that is the way it should be. If we want digital gold currencies
and gold-backed currencies to rival national currencies one of these
days, some excessive spreads of 5-13% that are currently in force
will have to come down to 2-3%.
e-gold will have no choice to make it easy to bail in. Otherwise,
GoldMoney and e-bullion might well win this game over the long
term.
Claude
http://www.goldcurrencies.ca
http://www.ormetal.com
==================================
Claude Cormier Public Key
http://www.ormetal.com/PGPkey.html
==================================
---
You are currently subscribed to e-gold-list as: [email protected]
To unsubscribe send a blank email to [EMAIL PROTECTED]
Did you know that e-gold Ltd. stores more gold on behalf of customers
than many countries? See http://www.gold.org/Gra/Gra1.htm and the
e-gold Examiner at http://www.e-gold.com/examiner.html for details.
