Hey, yes another bitcoin thread lol.
just putting this idea out there to see if it holds up, pick it to pieces to find any flaws.
The USD bitcoin exchange mtgox has the current value of 1 BTC at $92
while the new zealand exchange has got 1 BTC for $140+
the current exchange rate from nz to usd is
NZ $1 = USD 0.87
So buying a bitcoin on MtGox for $92 and selling it at the new zealand exchange for $140+
then transferring the $140 back into usd would net roughly a $30 profit on each coin.
The transfer fees between accounts is barely 0.0006 BTC, which is nothing.
Let me know if i have overlooked anything or you have any ideas or comments.
Currently i have signed up to a new zealand exchange and about to transfer some BTC to sell.