SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?


To: dpl who wrote (5995)12/10/1998 12:53:00 PM
From: Daniel Goncharoff  Read Replies (1) | Respond to of 12617
 
Ponzi's original concept was to arbitrage International Reply Coupons, which could be bought at the price of int'l mail in country A and cashed in for stamps representing the price of int'l mail in country B. The plan was to buy loads of IRCs in country A and get them refunded in country B.

He just decided to simplify the concept by not actually buying the IRCs...

The Gonch