At 9:36 AM -0500 11/20/02, C. Cormier - Ormetal Inc. wrote: ... >The best price you can get these days for a one ounce silver coin >(Say a Silver Maple Leaf) is $6.81-$7.00 > >STill a lot cheaper than $10.
Claude's right. Seigniorage is the net revenue from issuing stuff like coins (in this case electronic money). It comes from the (often substantial) difference* between face value and the cost of production/distribution. The smaller the "coin," the worse it gets. For example, I LOVE my 1 gram Credit Suisse gold "bar," and I got "a good deal" on it, but I ended up paying almost $20, back when gold was somewhere between $8 & $9/gram instead of over $10! JMR * If you think Bernard has chutzpah, you ought to see the cost of printing/issuing the average unit of government-money! I think a $1 bill costs about $0.11 to print, IIRC. --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
