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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.98

+0.2%

Dec 4 4:00 PM EST

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To: Claude Cormier who wrote (63594)	2/9/2001 1:40:20 PM
From: goldsheet	Read Replies (1) of 116796

> 2) You fund your account through an exchange broker (GoldMoney call them Cambios, e-gold call them exchange provider) I think this is potentially the biggest potential "flaw" in the e-gold/goldmoney concept. The exchange brokers may not have the financial security, reputation, bonding, etc.. that is required. A failure of an exchange broker could unfairly taint the entire e-gold/goldmoney system. Brokers also add an intermediate transaction layer, which increases costs due to commisssions. It also seem counter to the "Internet revolution" of disintermediation, where the middle man gets completely eliminated (i.e B-to-B exchanges, auctions, etc..)

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