How e-gold it works?

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
• Spend 5.3 grams worth of e-gold
• Spend US $100.00 worth of e-gold
• 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.

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 pays only 1% of the transaction amount for Spends less than or equal to US $50 worth of e-gold. e-gold is well suited (and e-silver is ideal) for micropayments.

Recipient pays a flat USD 50 cents worth of e-gold for Spends greater than US $50 worth of e-gold, no matter how large the payment.

The e-gold Agio fee, based on average daily balance, is only 1% per annum.

What is e-gold?

1. 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.
   
2. 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 is e-gold.
   
3. 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

Where e-gold has found a use?

The target market for e-gold is simply people and and various services 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:

1. Gambling - Play on your gold, in a e-gold casino, lotteries, and other games. Make it anonymously and quickly, with a low commission and high reliability. Enjoy game and passion!
   
2. The investments - Invest e-gold in gold economy. Want to play on forex, go in Xodds, want to develop Russian economy go on a stock exchange INDX. Money presses on a pocket? Invest e-gold in HYIP, guaranteed loss of your money!
   
3. Shops and auctions - Buy in shops the goods and services, participate in auctions. Use for this purpose only e-gold. Make it anonymously and quickly.