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<p>[QUOTE="-jeffB, post: 3930955, member: 27832"]Those fractionals can carry a premium on buyback, too. But there's generally a fixed component to transaction cost, so the smaller the amount you're buying or selling, the larger the bite that fixed component will take.</p><p><br /></p><p>I fully agree with the rest of your comment. We didn't move to paper (now electronic) accounting because of some evil plot; we moved because it was <i>cheaper, easier, safer, and more convenient</i> than lugging around physical material as store of value/medium of exchange -- <b>in general</b>. (Yes, there are specific exceptions. No, the exceptions don't negate the general principle.)[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 3930955, member: 27832"]Those fractionals can carry a premium on buyback, too. But there's generally a fixed component to transaction cost, so the smaller the amount you're buying or selling, the larger the bite that fixed component will take. I fully agree with the rest of your comment. We didn't move to paper (now electronic) accounting because of some evil plot; we moved because it was [I]cheaper, easier, safer, and more convenient[/I] than lugging around physical material as store of value/medium of exchange -- [B]in general[/B]. (Yes, there are specific exceptions. No, the exceptions don't negate the general principle.)[/QUOTE]
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