[e-gold-list] Re: A tough question - about the Open2Exchange Trading Floor

[Ian Green]

On 1/26/07, Tom Nicholson <tom at webmoney.co.nz> wrote:
> > WHY is nobody using Open2Exchange?
>
> I was actually under the impression that they'd closed down. Not sure where
> I got that from though.

Maybe just the extreme lack of transactions occuring?  Certainly the
site is fully operational, and if someone would set a more reasonable
price on the gold currently on offer then the very real bids sitting
on the board would transact instantly. ... Granted, it is up to the
owner of that gold if he or she doesn't want to sell for less than
USD$708.69 per ounce, and they are prepared to wait *however long* it
takes for the RWGP to catch up to that. Meanwhile the gold sits there,
not incurring a storage charge, just like the gold people have in
1MDC. On the other hand, there are the dollars that are sitting there
waiting to be matched with gold. There was a reasonable volume of
transactions for years, and one could instantly withdraw the gold to
one's dgc accounts. It all worked fine. While there is a USD$63.59 gap
between the real world bid price, and the only gold offered on the
board there will be no transactions.


Regards,

Ian Green
https://secure.pvcse.com/ex.change...000053
http://open2exchange.com/buy.sell...000024
https://www.1mdc.com/cgi-bin/paymail.cgi?107242ipgEUR
https://pri.pecunix.com/money.refined?payment=ian.green@ao.com.au
http://107242.e-gold.com/

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