Blogoforum - RE: http://www.goldxcash.com

RE: http://www.goldxcash.com

E-Gold Internet payments, 100% backed by gold
e-gold is the only tangibly backed, worldwide electronic monetary/payments system. e-gold is 100% backed by physical gold (silver, platinum, palladium)

http://www.e-gold.com/
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.

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. However, the most popular e-metal (by an overwhelming margin) is e-gold.

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.

The world wide web needs world wide money. e-gold was created in response to this need.

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.

Although e-gold is accounted by weight, the e-gold payment system allows Spends to be expressed in terms of eight major national currencies (as of this writing). For example, it's possible to:

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Spend 10 troy oz worth of e-gold
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Spend 5.3 grams worth of e-gold
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Spend US $100.00 worth of e-gold
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Spend CHF 685.88 worth of e-gold

This means (for example) that a Canadian can pay a German or a Japanese can pay an Australian the correct weight of gold (e-gold) for a good or service as easily as if the price had been quoted in his own national currency.

Spend e-gold The power of the e-gold Spend...

All financial value will migrate to cyberspace over the next few years. e-gold is ready so that you can be too.

e-gold is borderless -

e-gold may be Spent to any other e-gold account anywhere in the world via the e-gold shopping cart interface (SCI), the e-gold Account Manager, or web enabled mobile phone.

e-gold is quick -

e-gold payments clear instantaneously (with no chargeback risk), no matter how large the payment, no matter how far apart the Spender and Recipient.

e-gold is cost effective -

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Spending e-gold is free, even if your recipient is on the other side of the world.

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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.

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The e-gold Agio fee, which recovers bullion storage costs, passes on economies of scale normally only enjoyed by very large holders of bullion.

http://en.wikipedia.org/wiki/E-gold

benefits all users of money

The target market for e-gold is simply people who use money. How do you presently use money? Chances are any of these activities would benefit from the increased soundness, security, efficiency, and lower cost of e-gold. Here are some examples of how e-gold is presently used:

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e-commerce
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Business-to-business payments
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Point of service sales
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Person-to-person payments
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Payroll
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Bill payments
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Charitable donations
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Monetary base of the AUG* economy

* AUG is an abbreviation for the currency unit "grams of gold".

Current e-metal exchange rates Evolving Exchange Market
The e-gold system is designed to be absolutely free of any financial risk. There can be no debt or contingent liabilities associated with e-gold. For this reason, e-gold Ltd. 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.

http://e-gold.com/unsecure/links.htm
Instead, a growing number of independent exchange services around the world support exchange between national currencies and e-gold, accepting various remittance methods, including credit cards, bank wires, checks, and money orders.

http://www.e-gold.com/

September 20, 2006 2:23 PM
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