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

[CyberFrontier Global Support]

>> > WHY is nobody using Open2Exchange?

I can only speak for myself, of course, but my reason for not using it (even 
though I was quick to open an account at O2E years back), is the chicken and 
egg dilemma:
        If there isn't enough volume, it's not worth my time, and if not 
enough people
        spare the time, there won't be enough volume...

Sure, at times there are trades offered that will make the patient buyer or 
seller a few percentage points in a single deal, which is good. On the other 
hand the volume of these trades is usually to low to make it worthwhile. In 
the end, if I can buy an ounze at 3% below spot, and turn around and sell it 
to an exchanger through CF$ at spot, then I earn 3% free and clear. Which is 
about $19.00... ;o)

That doesn't even account for the fact that our exchanger clients would 
probably find it a nuisance if we contacted them with any offers below 25 
ounzes, and we don't retail to the public.

So, the O2E is definitely a great idea (considering that it was mine, well, 
that I discussed the knitty gritty of a plan with an Aussie just two or 
three months before Sidd launched O2E), but without volume, like all DGC 
ventures, it'll have difficulties finding wide adoption.

Maybe publicity and advertisment is what is needed?

Cheers,
Robert.

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