What is ... is an ... ... issued by e-gold Ltd - an offshore company - and 100% backed at all times by gold bullion. e-gold is ... into an account based payment system th
What is e-gold? e-gold is an electronic currency, issued by e-gold Ltd - an offshore company - and 100% backed at all times by gold bullion.
e-gold is integrated into an account based payment system that empowers you to use gold as money. Specifically, the e-gold payment system enables you to Spend specified weights of gold to other e-gold accounts. Only the ownership changes - the gold in the treasury grade vault stays put.
If you are not familiar with e-gold, this would be a good time to take a look. It allows people anywhere in the world to conduct business using what is, historically, the world’s most trusted and reliable medium of exchange: gold! Unlike the fiat currencies issued by governments, subject to all kinds of political manipulation and sleight-of-hand, gold is non-political, pure, and incorruptible. It’s tangible and scarce; either you own it or you don’t, and no government can print more of it if it runs short. Some financial experts say that e-gold is the future of international e-commerce for many valid reasons. Like the internet, e-gold is borderless and unbounded by national or political interests.
Is e-gold a worldwide currency? Yes. Gold is already an international currency. What e-gold does it take that one step further and makes this international currency usable over the Internet. The number of e-gold accounts is growing by 20% month on month and more and more merchants are accepting e-gold. Today, there are over 500,000 e-gold account members.
You can use e-gold to send money to friends and family in a safe, quick and inexpensive environment. Moreover e-gold is 100% anonymous!
How does e-gold work? 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 gold to be expressed in terms of eight major national currencies (as of this writing). For example:
10 troy oz worth of e-gold
5.3 grams worth of e-gold US $100.00 worth of e-gold
CHF 685.88 worth of e-gold
How confidential is e-gold? Very. When you use a cheque or a credit card a paper trail is left. Your cheque or credit card payment can be traced as leaving your account and crediting the other party. Once you know the other party, it is not difficult to track what exactly you purchased.
Your e-gold account is confidential. As e-gold accounts are assigned numbers and not names and the account can be used to purchase a range of goods and services from one anonymous e-gold account to another anonymous e-gold account, transactions do not leave a paper trail. For example, once you fund your e-gold account (which you can even do in cash), you can order an offshore bank account from us. All that is shown is an outflow from your e-gold account, which could represent anything, such as the buying of books, domain names, or even a family payment. You are never connected to the purchase of an offshore bank account. :-)
How quick are e-gold transactions? e-gold payments clear instantaneously, no matter how large the payment, no matter how far apart the Spender and Recipient. Once your account is initially authenticated you eliminate the need to authenticate each and every transaction as is the case with a credit card. E-gold speeds transactions up and benefits both customers and merchants.
James is a specialist in Offshore banking and Investment through his vast experience in the area. My Mission "is to make offshore asset protection accessible to as many people as possible. I do this through objective solutions and reasonable prices."