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,
e-gold payment system enables you to Spend specified weights of gold to other e-gold accounts. Only
ownership changes -
gold in
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
world to conduct business using what is, historically,
world’s most trusted and reliable medium of exchange: gold! Unlike
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
future of international e-commerce for many valid reasons. Like
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
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
world. Thus, e-gold is ideally suited for international transactions.