On 29 Aug 2001, at 8:52, Todd Boyle wrote:
> Hmmm what about velocity?
Of course, velocity is a sign of health. But the real measure of the
success of the DGC and GBC will be the size of the money stock
and reserves. That is what shows how confident users are in using,
holding and saving the gold currencies. e-gold current average
balance on only 17g per funded account shows that they do not
understand gold and do not trust the currency enough to let their
balance grow. The fact that they are cashing it for national
currencies shows where their trust is.
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