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.
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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.