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What is
e-Gold?
better
money since 1996
e-Gold
is...
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.
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.
trustworthy
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 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 the signatures of both e-gold Ltd. and a third party Escrow Agent
of good reputation.
transparent
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 utility accessible from the e-gold
website, as well as Statistics relating to the use and growth of the
e-gold
system.
world wide
money
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:
-
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.
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 -
-
Spending e-gold is free, even
if your recipient is on the other side of the
world.
-
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.
-
The e-gold Agio fee, which recovers
bullion storage costs, passes on economies of scale normally only
enjoyed by very large holders of bullion.
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:
-
e-commerce
-
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".
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.
nstead, 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.
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Financial risk vs.
exchange risk
e-gold
is entirely backed by a physical commodity rather than debt or other
financial instruments; therefore, e-gold is the only currency in the
world free of financial risk. However, absence of financial
risk does not mean absence of exchange rate 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 minutes away from opening
your first e-gold account at:
better
money since 1996
Prime
GoldBank
Limited, UK introduces 06 different Gold products,
and their associated very powerful Income Plans which
are designed to reward its e-Gold account holders who
introduce new sales.
Therefore, ritmaGold
MY are highly committed to promote 01 of 06
Gold products by introducing;
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Open G-5 e-Gold account
Product Price US$50
Maximum Commission US$300 / day Purchase once a life
time income |
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