10/25/2005

About E-Gold

Note:The introduction about E-gold is from their official web site
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.

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.

So in my POV e-gold is well back-up by the really gold .It is a good way to keep the value of your property
.However the question in my mind is how many people in the world accept e-gold as the way of payment in their life ?

1 Comments:

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