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E-GOLD - WHAT IS IT?
E-gold is an electronic currency, issued by e-gold Ltd., 100% backed at all times by gold bullion in allocated storage.
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. But the most popular e-metal (by a huge margin) is e-gold.
E-Gold is integrated into an account based payment system that allows people to use gold as money. More 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.
E-Gold is accounted by weight of metal, not $US or any other currency unit. Weight units have a precise, invariable, internationally recognised definition. Additionally, precious metals, in particular gold, have a long history of monetary use around the world. Therefore, e-gold is ideally suited for international transactions.
To set yourself up to use e-gold, you have to do the following:
1. Open an e-gold account online (if you don't have one yet). It will only take a few minutes, and it's free. Your account is protected by a confidential passphrase of your choice.
2. Put some funds into your e-gold account, using any number of ways: wire transfer, cheque, demand draft, money order, and of course credit card too. You may consult GoldDirectory.com for a list of independent exchangers for this purpose.
You may use your e-gold account number to make or receive payments on the net. For example, it is possible to use e-gold on major auction sites like e-Bay, Amazon, Yahoo. Or buy books and other goods from Amazon, Barnes & Noble or ThinkGeek with e-gold on proxy sites like BananaGold.com and MetalProxy.com.
HOW TO OPEN AN E-GOLD ACCOUNT
1. Click here to go to http://www.e-gold.com .
2. Choose “Create An Account” option.
3. Read through the user Agreement and click on “I AGREE” button.
4. You will see “New e-gold Account Creation Form”.
5. Fill in your personal or company information and click on the “Open” button.
6. You will receive your e-gold acount number delivered to your e-mail address.
7. You may now login to your e-gold account.
HOW TO FUND YOUR E-GOLD ACCOUNT
First go to http://www.e-gold.com/unsecure/links.htm#marketmaker and choose among multiple businesses for funding your e-gold account.
You may check out aslo the independent exchangers for the best service and rates for your currency or credit card. It may take some time to put gold into your account, especially if you are sending payment by offline methods such as wire transfer, so set up your e-gold account well in advance of your intended purchase.
In addition to the above mentioned you can fund your e-gold account via credit card or other payment systems also through the following businesses:
Business Express - Checks and Bank Wires to e-gold
FastGold - Walk In Cash Deposits, Western Union, Bank Wires, Money Orders, Checks, C2IT and Ecount to e-gold, OSGold, and Evocash
Gaithman's - Credit Cards, Debit Cards, X.com, eMoneyMail, Bank Wires and Money Orders to e-gold
Gold Directory - US$ to e-gold and vice versa via a variety of payment options
Gold Age - e-gold exchange maker
GoldFinger - Visa and MasterCard, Bank Wires, US Postal Money Orders, and Checks to e-gold
Gold Now - Credit cards (Visa & MasterCard) to e-gold
Gold-Today - credit cards, cash, cheques or international money orders to e-gold
IceGold - Europe, Worldwide: 17 currencies accepted - Also http://www.icegold.ee/
OzziGold - e-gold in Australia |
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