Thread: E-Gold

E-Gold is gold currency. It is internationally accepted as a currency - a method of online payment. With E-Gold, you may buy things online; sell things online and accept payments in E-Gold currency; and do online investments. Other online payments are credit card, PayPal, E-Bullion, AsianPay, etc.

Like USD, E-Gold value is fluctuating too as its value is tied one-to-one to international gold value. Thus many gold investors invest in E-Gold. As the gold price drop, they buy E-Gold and as gold price drop, E-Gold is sell.

Almost all HYIPs accept E-Gold as their payment medium. HYIP is High Yield Investment Program, which offers high returns over your investment.

**When you sign-up a new e-gold account you begin making money $$$$$/month!
- Every time that account spends or receives you get 10% of the fees
- The spend does not need to be with you, any transaction pays
- It's automatic; your 10% is deposited directly into the account you designate
- Sign-up can be automatic; put an e-gold link on your site and if a customer uses the link and sets up an account, you receive the Incentive

As an e-gold account holder you are automatically an "Originator".
When you direct a new user to the e-gold system through your links, they become your "Progeny" and you receive an e-mail confirming a newly "born" Progeny

You become the beneficiary of incentive payments generated by the Progeny
When a new user clicks through your links, a cookie, with a one-week expiration, is set on the prospect's browser. If they create an account anytime within one week, the new account is awarded to you as the Originator.

In the event that the prospect clicks links to e-gold from several sources, the last one clicked is awarded the Progeny account.

This is intended to be an ongoing, even permanent, arrangement.


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The problem is that the authorities want to be able to regulate the payment system. They want the payment system to be associated with a registered financial institution.

I would rather go for e-dinar.com, non US registered nor regulated.

Marek

Originally Posted by livefree

The problem is that the authorities want to be able to regulate the payment system. They want the payment system to be associated with a registered financial institution.

I don't see this happening any time soon. E-Gold and GS&R will likely pull completely offshore and use euros instead of USD.

But e-gold office is in the USA

I've been using Webmoney more and more lately as I remove risky egold from my portfolio of e-currencies. Webmoney is also out of reach of the US government's sticky fingers.

Originally Posted by Aqua

But e-gold office is in the USA

So, what's stopping them from moving to Panama or Grand Cayman?

Originally Posted by chicosan

So, what's stopping them from moving to Panama or Grand Cayman?

Doesn't matter where they move.
If people in the US use e-gold, authorities are going to get involved.

Reasons: scams, tax avoidance, Patriot Law infractions and child porn

Originally Posted by chicosan

So, what's stopping them from moving to Panama or Grand Cayman?

Nobody here will know the answer to that as we are not the OWNERS of e-Gold, but I can tell you that the essence of the OWNERS's problem now is that it is a well known FACT that they are US Citizens!!!
So no matter where their business location would re-locate or move to, the "legal enteties" accusations are already tied to the USA as jurisdiction and I don't think moving the company off-shore will make much difference in that regard.

I will be the first to tell you that this is NOT AN OFFICIAL statement only my own thoughts as an answer to your question thought.

freechoice

Originally Posted by livefree

Reasons: scams, tax avoidance, Patriot Law infractions and child porn

sensationalist pap in other words ;)