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A Brief Explanation Of E-gold

E-gold is known as private currency as it money ought to be anchored to it. E-gold
is not issued by governments. E-gold is boasts that its digital currency is
integrated into an account based payment backed by a stash of gold bars stored in
system that empowers people to use gold London and Dubai. E-gold also operates
as money. E-gold was created in response outside the radar screen of federal
to this need. regulators and the world's financial
E-gold transactions - a "spend" - are establishment.
completed electronically, usually using E-gold is a closed system, the only way
the web interface, and they always settle to obtain E-gold is by receiving a
by weight of the metal even if transfer from someone who already has
denominated in some other way. some, and the company maintains a
E-gold is a form of commodity money, so permanent record of all transfers.
it is subject to the price fluctuations E-gold investing is a all about a system
of that commodity. E-gold does not sell that allows you to profit from the money
its e-metal directly to users. E-gold, that is being traded everyday on the
unlike e-Bullion for instance, does not internet. An E-gold account can be used
sell digital currency directly to the by anyone who is or wants to engage in
user. one transaction or the other on the
E-gold charges an account fee (or Agio Internet. E-gold is like a bank that
Fee) of 1% per annum (deducted in monthly simply keeps your money stable and
payments) on all e-metal stored. E-gold handles your transfers for a very low
spends clear instantly, in contrast to fee.
checks or credit card transactions. E-gold machine is money-making system
E-gold clients can place a referral link that is created for any E-gold account
on a website to generate a few cents in holder who want to earn money
referral income. automatically. E-gold is succeeding where
E-gold has been perceived as the medium other electronic payment initiatives are
of choice for many online con-artists, failing because it is designed
with pyramid schemes and High Yield specifically for worldwide eCommerce.
Investment Programs ("HYIPs") E-gold is the store of wealth in cases
commonplace. E-gold and OmniPay have also when inflation and other circumstances
been accused of being a medium for money had caused credibility loss in the
laundering, although this is questionable Federal government and the paper they
given that there were only 24 customer print so eagerly lately. E-gold is second
accounts holding over 10kg of gold only to PayPal in popularity.
(approximate value$200,000) by April E-gold is ideally suited to international
2006. transactions because weight units have a
E-gold has a long history of cooperation precise, invariable,
with law enforcement agencies in the US internationally-recognized definition and
and worldwide, providing data and precious metal prices are less volatile
investigative assistance in response to than paper currencies. E-gold can be
lawful requests. E-gold's Terms of Use thought of as a foreign currency that has
stipulate that all transactions are final a value relationship to your usual
and E-gold cannot be held responsible for currency and to other foreign currencies.
any spend. E-gold offers no protection E-gold isn't banking, so you won't be
whatsoever if an attacker succeeds in paid interest on the metal in your
obtaining the user's E-gold account account.
number the user's E-gold password access E-gold, however, as a matter of
to the user's registered email account incontrovertible fact, is the most
(web-based email accounts without a effective of all online payment systems
secure login are especially vulnerable). in detecting and interdicting abuse of
E-gold is also contractually prohibited its system for child pornography related
from freezing E-gold accounts or payments.
releasing E-gold account information in E-gold has settled over 70M transactions
the absence of a court order or subpoena. and has over 3 million accounts in more
E-gold cleared an administrative issue than 165 countries and has the
and as of July 14, 2006, it is properly credibility of significant tenure, having
registered in Nevis. E-gold does maintain been in operation online for almost 10
an "Examiner", a web page with updated years. While other payment systems have
statistics on outstanding liabilities and come and gone losing millions of
the total amount of each precious metal investment dollars. E-gold is a robust,
in its holding. secure system including its AccSent
E-gold runs a non-reversible transaction program and Secure Random Keyboard that
policy, meaning that there is no combats password theft and unauthorized
protection for purchasers if vendors fail account access. E-gold users can be
to supply goods. assured that their online transactions
E-gold is an online currency 100% backed are private, but those who may wish to
by solid gold, at all times in bullions. hide illicit transactions should know
E-gold is integrated into an account they are not anonymous.
based payment system. E-gold is E-gold is accepted at online bookstores,
considered a pioneer in the field of web hosting and web design companies,
alternative currencies. E-gold many auction sites, travel agencies, and
Investments Online is an internet many other retailers. E-gold s unique
representation of an offshore company features and investigative protocols make
registered in Belize. E-gold Investments it the poorest choice a criminal could
Online is the participant of one of such make.
programs. E-gold attorney Andrew Ittleman said no
An E-gold exchanger is someone who consumer can join the service without
exchanges national currencies for depositing money through other banking
e-currencies. There is a charge of a few institutions. E-gold does not offer
cents to make each E-gold "spend" and authorizing credit cards transactions or
E-gold itself now earns well over a funding you E-gold accounts directly from
million USD per year from fees. credit or debit card. E-gold does not
E-gold also operates outside the radar have any geographic restrictions, so
screen of federal regulators and the anyone can join. E-gold allows multiple
world's financial establishment. E-gold accounts for individuals and does not
sells the customer gold, silver, check your personal data (unless account
platinum, or palladium -- whatever the is blocked).
customer chooses -- at a price determined E-gold can also be used by small
by E-gold , which is roughly the going businesses abroad that don't qualify to
spot price for each precious metal. accept credit cards or don't want to pay
E-gold can also be used by small credit-card company fees of about 3% per
businesses abroad that don't qualify to charge. E-gold 's antigovernment message,
accept credit cards or don't want to pay along with the apparent privacy of E-gold
credit-card company fees of about 3% per , have created some rabid enthusiasts.
charge. E-gold may appeal to those who share the
E-gold has struck a chord especially with company's philosophy about the value of
members of libertarian and antigovernment gold as currency. E-gold appeals to "gold
groups E-gold 's antigovernment message, bugs": people who invest in the precious
along with the apparent privacy of E-gold metal and believe money ought to be
, have created some rabid enthusiasts. anchored to it.
E-gold may appeal to those who share the The bottom line is that E-gold has some
company's philosophy about the value of drawbacks, but in my opinion its still
gold as currency. E-gold is a major one of two best online payment processors
attraction to "gold bugs": people who available.
invest in the precious metal and believe




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