From: Tim Philp <bplib@wat.hookup.net>
Date: Mon, 8 Apr 1996 19:54:18 +0800
To: jim bell <jimbell@pacifier.com>
Subject: Re: the cost of untracability?
In-Reply-To: <m0u65hy-0008ynC@pacifier.com>
Message-ID: <Pine.OSF.3.91.960408012840.5780D-100000@nic.wat.hookup.net>
MIME-Version: 1.0
Content-Type: text/plain



On Sun, 7 Apr 1996, jim bell wrote:

> That assumes that there is "profit" from exchanging currencies.  On any 
> given transaction, there is never any "profit."  The only thing that might 
> be called a profit is a difference in exchange rates, and that really isn't 
> an increase in wealth at any point.   Ask that CPA to look it up.

If I recall correctly, don't currency traders make REAL money by doing 
just that. By moving money into different currencys and taking advantage 
of minor fluctuations and differences in exchange rates at different 
exchanges, these traders sometimes make a LOT of REAL money. I am not 
sure, but I think that it is called arbitrage trading or something like that.

Just my $.02 US - $.05 Canadian <G>

Tim Philp

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