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What is e-gold?
e-gold is an electronic currency, issued by e-gold Ltd., a Nevis corporation, 100% backed at all times by gold bullion in allocated storage.
Here to stay
e-gold is always as good as the gold it's backed with - this year, next year, 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.
e-gold Ltd. offers an unprecedented level of transparency: total e-gold in circulation vs. total bullion reserves are provided in real-time via the e-gold Examiner accessible from the e-gold website.
World Wide Money
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.
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 minutes away from opening your first e-gold account.
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