-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 : : Sidd wrote: "As far as I can see, "e-gold spot" is some arbitrary figure : that e-gold periodically simply "choose", based (perhaps) on the movement of : the international markets" : : Am I in the dark here??? Have I completely misunderstood things? The egold : "spot" is the forex spot for whatever currency you use to buy/sell GOLD! How : can you say it's an "arbitrary figure"? :
George, What is a "forex spot for whatever currency you use to buy/sell GOLD"? Are you talking about the latest published bid price on the international markets quoted in your chosen currency? If so, whose published info will you believe? http://kitco.com USD 344.90 http://www.thebulliondesk.com/default.asp USD 344.90 http://money.cnn.com/markets/commodities.html 345.50 http://www.goldcentral.com/ USD 345.50, http://www.e-gold.com/currentexchange.html USD 345.20 Like I said, e-gold spot is simply an arbitrary figure that e-gold have chosen at the time, that is somewhat similar to the published market rate. Note the market rate is changing constantly, so unless e-gold has a live feed from all the markets, at best they will have an approximation of current market bid. The whole point being, that if "spot" is the current market bid rate, and e-gold is "gold itself", then it must have the value of gold and should sell at the market bit rate... it is not possible to "straddle spot", spot bid is the bottom figure in the "straddle". Sidd. -----BEGIN PGP SIGNATURE----- Version: PGP 8.0.2 iQA/AwUBPv5V2r0kC5qj7gUjEQKq0QCgklvLS3mVZHwJr9Z4HhrpD/8zJckAoKsn odjbS5NJaxMdNyCC6D/pEK2q =Y8MU -----END PGP SIGNATURE----- --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] 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.
