About egold

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This 100% gold-backed digital currency payment system first went online in 1996, and it has been growing exponentially since 1999. E-gold, issued by e-gold, Ltd., a Nevis corporation, is an electronic currency that is, at all times, 100% backed by pure gold bullion held in allocated storage. The payment and exchange systems were administered by G&SR, Inc., a Delaware Corporation, from 1996 through 1999, and in 2000 e-gold, Ltd. assumed the responsibility of managing the performance of the e-gold Account Agreement,the integrity of the e-gold balance sheet, and governance of the e-gold system. Now, G&SR is a customer of the e-gold system and focuses exclusively on offering its own innovative set of currency exchange services known as OmniPay. The e-gold system and number of account holders grew very slowly in its first three years (approximately 3000 accounts), but began to grow exponentially in mid-1999 after e-gold gained more and more media and market exposure, and since that time it has experienced a growth rate of 8-20% per month.

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.

Reliability - e-gold is always as good as the gold it's backed withthis year, next year, and a thousand years from now. Pursuant to the e-gold Account User Agreement, the physical bullion that comprises the value backing e-gold must be insulated from physical, legal, and political risks.Title is held by The e-gold Bullion Reserve Special Purpose Trust that exists for the express purpose of holding bullion for the exclusive benefit of all e-gold account holders collectively. The bullion is held in the form of certified good delivery bars in allocated storage at repositories certified by the London Bullion Market Association (LBMA). Metal is held free and clear of any lien or encumbrance whatsoever and explicitly may not be attached to any liabilities of e-gold, Ltd. or any other entity.No metal may be removed from storage or any other disposition made without signatures of both e-gold, Ltd. and a third part Escrow Agent of good reputation.

Global Currency - the vast presence of the Internet requires a safe and secure global currency, and e-gold was created to fill this need. E-gold is accounted by weight of metal, not US dollars or any other national currency unit. Weights 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. In other words, anyone from anywhere can pay the correct weight of gold (e-gold) for goods and/or services as easily as if the price had been quoted in his own national currency.

All financial value will migrate to cyberspace in the coming years. E-gold is ready so that you can be too. E-gold may be Spent to any other e-gold account in the world via the e-gold shopping cart interface, the e-gold Account Manager, or any web enabled mobile phone. Payments with e-gold clear instantaneously with absolutely no charge back risk, no matter how large the payment, no matter how far apart the Spender and the Recipient.

Cost Effective - spending e-gold is FREE, even if your recipient is on the other side of the world. Also, the 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.Finally, the e-gold Agio fee, which recovers bullion storage costs, passes on economies of scale normally only enjoyed by very large holders of bullion.

So,if you use money, any money, then e-gold is for you.Any of the following activities could benefit from the increased soundness, security,efficiency, and lower cost of e-gold:

  • E-commerce
  • B2B payments
  • Point of service sales
  • Person to person payments
  • Payroll
  • Bill payments
  • Charitable donations
  • Monetary base of the AUG* economy
  • *AUG is the abbreviation for the currency unit 'grams of gold'

    Evolving Exchange Market - the e-gold system is designed to be free of any financial risk. There can be no debt or contingent liabilities associated with e-gold, and it is for this reason that e-gold does not possess any national currency of any nation and has no bank accounts. Thus, e-gold,Ltd. is not able to offer currency exchange services.This is where the QUAN Exchange services will be useful to you.

    E-gold is backed entirely by a physical commodity rather than debt or any other financial instruments and, therefore, e-gold is the only currency in the world free of any financial risks. However, absence of financial risk does not mean absence of exchange risk. As with any currency, the value of e-gold relative to other currencies continually fluctuates.

    No Barriers to Entry - 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. In short, you are just a few minutes away from opening your first e-gold account at:


    Click here to open your free account now!

    It's Better Money !

    The previous information was extracted from the e-gold website(www.e-gold.com)