E-Gold - Electronic Gold backed by Real Gold
by TheGoldShop.biz
e-gold in many ways is better then cash, far better and cheaper to use then credit cards and by far quicker and at a fraction of the cost for making international money transfers.
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About e-gold
e-gold is based offshore with a Nevis W.I. company structure, secure from the pitfalls of being located in the USA or other western countries. e-gold secures account balances in gold stored in various third party gold depositories around the world. e-gold was established by Dr. Douglas Jackson who is still the chairman and is active in the e-gold, gold and digital gold backed currency community. |
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Irrevocable Transactions
e-gold gives the user and merchant alike unparallel security against identity theft, user profiling, funds movement tracing through their semi-anonymous online payment system. Users and merchants have the freedom to send and accept transfers without the risk of identity theft and payment reversals (chargebacks).
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Where to use e-gold
There are merchants that accept e-gold and other digital currencies (or e-currencies) offering all the usual services that can be found on the internet. e-gold users can buy web hosting, domain names, coffee and other food stuffs, website design services, business services (like offshore corporations), goods and services from most online retailers even if they do not take e-gold through a "proxy shop" company AllMart - so now e-gold users can buy off all websites that takes credit cards like Amazon, Barnes and Noble, etc. e-gold also has a WAP interface so users can make payments offline using your mobile phone. You can also use E-Gold to invest in Stocks and Shares online!!
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Pay your bills using e-gold
You can also pay your bills using e-gold, many e-gold exchange agents offer check redemption services. Simply sell (or redeem) your e-gold for a check and have that sent directly to the company that you wish to pay, this could be anyone, from paying your credit card, power bill and all your local suppliers.
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The basics
The e-gold system is setup in the following way, firstly there is e-gold - this is where your money (or gold) is securely stored with online account access. To fund your e-gold account there are e-gold exchange agents, these companies take your US$ or other national dollars via cash deposit, credit card, bank wire or bank transfer and exchange your money into e-gold and into your e-gold account. Likewise, to redeem e-gold for cash (be it via bank wire or check) e-gold users also use the services of a e-gold exchange agent. Most e-gold exchange agents operate worldwide with email and phone support, so regardless where you are located in the world you can easily buy e-gold.
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Buying e-gold
Users must first have a e-gold account - e-gold accounts are free, anyone can open one and you can have as many as you like. If you do not have a e-gold account, you can open a free e-gold account here now .
Next you need to find an e-gold exchange agent. Thankfully most e-gold exchange agents offer worldwide (USA, Europe and Asia) offering funding options in many countries, typical services include cash deposit, credit cards, bank wire, bank transfer and checks.
Orders for e-gold are placed on the exchange agent website and processed by the operators usually within a few days depending of the funding option requested by customer. First orders can take longer - see "Your first purchase - getting verified!" below, returning clients should expect funding within a day or two.
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Selling e-gold
This is the opposite of buying e-gold. When you buy e-gold, you use money (your local currency), in the form of cheques, money transfer or other methods and convert it into e-gold. When you sell e-gold, you convert the e-gold you own, back into money (your local currency).
Selling of e-gold can be done either through an exchange agent (see below), or with the use of an ATM Debit Card. Argonex is a company, which provides such a card.
You can fund this card by transferring e-gold into it. You can then withdraw these funds from any ATM worldwide. You can also use this card at any establishment that displays the Maestro, Cirrus or Interac logos. |
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------------------------------------------------------------------ Where to find a e-gold exchange agent
These web pages list e-gold exchange agents;
2MyMall
Gold Agents
Global Digital Currency Association
(With the above list; verified means the identification of the exchange agent operators are known and rated means the exchange agent reputation has been rated)
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Secure your gold!
With e-gold security is the users responsibility, remember all e-gold transactions are irrevocable - even if your account is hacked! e-gold helps protect your account by giving you the security feature called Account Sentinel (AccSent), leave this feature on (it is on by default for all new accounts). AccSent will email you every time someone tries to log into your e-gold account with a different IP address - careful, if you lose your email address you will not be able to log into your e-gold account.
A tip is to use two email addresses like this; email1@email1.com, email2@email2.com (that is "email1 comma space email2") on your e-gold account - using this tip means both emails will be notified upon login or account profile changes.
Making sure your computer is protected also protects your e-gold account from unauthorized transfers, it is highly recommended that you have adequate computer security. Computer security at least includes up-to-date firewall software, anti virus software and all operating system updates are installed on your computer.
Using a long passphrase (sentence) on your e-gold account and not saving that passphrase (password) on your computer helps greatly as well.
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Benefits of E-Gold
- e-gold offers easy transfers between accounts for the purchase of a multitude of products and services at a faction of the cost of other worldwide money transfer systems.
- e-gold offers users the easiest way to pay anyone around the world without providing personal information (no risk of identity theft or profiling).
- e-gold offers merchants a worldwide client base and irrevocable transactions safe from chargeback's.
- e-gold also caters for both large and same transfers and account balances, for example maximum transfer fee is only 50 cents and all funds (large and small) are securely backed by gold held in third party gold depositories around the world.
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