:: Articles - E-gold troubles

The world wide web needs world wide money.

e-gold was created in response to this need.

e-gold is an electronic currency, issued by e-gold Ltd., a Nevis corporation, 100% backed at all times by gold bullion in allocated storage.

e-gold is accounted by weight of metal, not US$ or any other national currency unit. Weight units have a precise, invariable, internationally recognized definition. Additionally, precious metals, gold in particular, enjoy a long history of monetary use around the world. Thus, e-gold is ideally suited for international transactions.

Although e-gold is accounted by weight, the e-gold payment system allows Spends to be expressed in terms of eight major national currencies (as of this writing). For example, it's possible to:

• Spend 10 troy oz worth of e-gold
• Spend 5.3 grams worth of e-gold
• Spend US $100.00 worth of e-gold
• Spend CHF 685.88 worth of e-gold

Other e-metals are also issued: e-silver is 100% backed by silver, e-platinum is 100% backed by platinum, and e-palladium is 100% backed by palladium. However, the most popular e-metal (by an overwhelming margin) is e-gold.

e-gold is integrated into an account based payment system that empowers people to use gold as money. Specifically, the e-gold payment system enables people to Spend specified weights of gold to other e-gold accounts. Only the ownership changes - the gold in the treasury grade vault stays put.

Main reasons to get e-gold account:

e-gold is borderless

e-gold may be Spent to any other e-gold account anywhere in the world. Weight e-gold units have a precise, invariable, internationally recognized definition. Additionally, precious metals, gold in particular, enjoy a long history of monetary use around the world. Thus, e-gold is ideally suited for international transactions.

e-gold is quick

e-gold payments clear instantaneously (with no chargeback risk), no matter how large the payment, no matter how far apart the Spender and Recipient.

e-gold is anonymously

Noboby will know your real name. Spender and Recipient get only account information about each other that you set in registration form. It can be your Nick name or just a word you like!

e-gold is safety

Pages on the e-gold Ltd. web site that require your account password or display/edit account information, are secured using Secure Socket Layer (SSL) technology. This technology provides high-level anti-hack protection.

e-gold is cost effective

Spending e-gold is free, even if your recipient is on the other side of the world. Recipient transaction fees range from substantially smaller to orders of magnitude smaller than those of credit cards and bank wire transfers, no matter how large (or small) the payment.

e-gold is easy-to-start

It costs nothing to open an e-gold account. There is no credit check. There is no minimum balance requirement. There is no concept of a "merchant account" in that all e-gold accounts may Spend e-gold or receive e-gold payments. Register new e-gold account >>>

You can:

• Know more about e-gold here >>>
• Make new e-gold account here >>>