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