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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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05-18-2006 06:56
I just ran the numbers and they are:
Sellers: 142
Linden Dollars Forsale: L$29,399,062
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Jamie Bergman
SL's Largest Distributor
Join date: 17 Feb 2005
Posts: 1,752
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05-18-2006 07:23
Thats not really as high as I would have expected. Thats only like 4.5% of the entire money supply. Hmmmm.
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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05-18-2006 07:30
But the number is mainly orders sitting idle waiting for
"The Market" to move higher and execute them. If you
factor in the daily volume, there is actually more than 4.5%
of the float being sold.
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Jamie Bergman
SL's Largest Distributor
Join date: 17 Feb 2005
Posts: 1,752
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05-18-2006 07:43
I just wonder how IGE could have gotten it so wrong. Why would they ever have bought so much L$ when they had no idea what the suppy was or was going to be!
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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05-18-2006 07:50
From: Jamie Bergman I just wonder how IGE could have gotten it so wrong. Why would they ever have bought so much L$ when they had no idea what the suppy was or was going to be! I think IGE keeps a rolling currency float. I don't think they loaded up on L$ at L$250 to then be forced to sell at L$315. I think they are daily working the LindenX with buying and selling and factoring in a profit. Now if only IGE would give up their retail model and start trading L$ and other game currencies and just charge a transaction fee to trade. |
