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A Brief Explanation Of E-gold

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



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