E-Gold Payment System

Electronic Gold

E-Gold payment system uses precious metals- gold, silver, platinum and palladium, as money security. It appeared in the USA in 1996 but because of the fraud scandal in 2003 the E-Gold LTD company’s registration was annulled. Since that moment the company continues working with no registration. However, storing money in metals is still the safest and the most secure.

Facts and statistics prove the international scope of E-gold system. Today more than 2.5 million E-gold users are registered in the system. Cover funds of the payment system include about 3.5 million grams of gold. It equals 65 million dollars. Every day about 400 kilos of gold go from account to account.

E-gold users are curious whether the gold grams traveling around the web really exist. Nobody knows for sure, but the company claims that the precious metals storages are located in three affiliates: Brinks’ Global Services, Transguard Security and Services MAT Securitas Express AG.

The Most Popular Payment System

E-gold has no cover with some certain currency. All settlements are made in gold grams and ounces. It is very easy for international settlements. E-gold is used for payments as well as for making profits based on precious metal rates. Many earnings in the web imply using E-gold. They include Internet casinos, pari-mutuels, exchanges and financial pyramids. Payment system’s reliability is guaranteed by Switzerland and US major banks. E-gold users are always informed of many currency transactions providing them with the opportunity to invest money into high income projects and take part in Internet sales and auctions.

Making money transfers via E-gold is safe and legal from taxation point of view. Commission for the transfers does not exceed 1% per annum. The fees are taken every month.

E-gold popularity increases daily because many major international business entities use the system in their financial transactions.