> 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%.
>
EXACTLY! It's simple competition for market share... those that cannot
compete will be dropped along the side leaving only those that can afford
to chop the rate.
>
> 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.
>
You're right, this is a possibility.
...my 2 cents.
RJ
eCurrencyCrawler
http://www.americonn.com
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