May 11, 200719 yr Hi All Just wondering if anyone uses E-gold.com ? Is this something like Paypal ? Can we actually exchange for real gold ? Advice required Thanks Tytus Edited May 11, 200719 yr by tytus
May 11, 200719 yr Hi AllJust wondering if anyone uses E-gold.com ? Is this something like Paypal ? Can we actually exchange for real gold ? Advice required Thanks Tytus avoid e-gold!the us federal government is taking them down for possible "terrorist" money laundering and there have been arrests of the major e-gold execs. if one wants the convenience of buying gold and silver electronically,goldmoney.com is reputable and based in jersey and headed by gold guru james turk.if one wants to redeem for physical metals,there are fabrication and shipping costs involved. i personally am long gold and silver and have perth mint certificates and mining stocks.unallocated gold and silver pool acounts and etf's are just paper promises and it is dubious if they have the actual physical metals in their vaults.
May 13, 200719 yr The US governments only interested in taking down those who were exchanging anonymously
May 15, 200719 yr Don't know how reliable the following info is as I do not have time to checkout the source. US Government Forces E-gold Redemptions - Seizes Gold By MoneyNet Producer | Published 05/11/2007 | Daily News Cast | Unrated MoneyNet Producer View all articles by MoneyNet Producer US Government Forces E-gold Redemptions - Seizes Gold This article is Copyright 2007. You may re-publish for free it if left intact and only if you give credit with weblink back to http://www.moneynetnews.com === In an unprecedented move on or just before Wednesday May 9th, 2007, the United States of America has forced Omnipay et al E-gold to redeem all the gold backing the 58 previously frozen accounts owned by e-gold, 1mdc, icegold and a handful of other exchangers and customers to be liquidated effective immediately to a us dollar account owned by the federal government. According to the reduction in the gold bar list, the bar count has dropped by 48 bars of approximately 400 oz each between May 3, and May 9. This redemption totals USD $11.357 Million. Date Gold Grams ($ Value) 03-05-07 3,489,436 77.015 Million 09-05-07 2,974,871 65.668 Milllion Gold Bars value Sold: USD 11.357 Million MoneyNetNews has learned from a reliable source that e-gold has been ordered to hand over a fresh copy of the customer database when the redemption is completed. MoneyNetNews cannot confirm if all of the 48 bars redeemed account for the forfeiture action of the United States. It is possible that a part of this activity can be accounted for by increased volatility in e-gold's general market. Not only was E-gold / Omnipay ordered to convert gold (and silver) holdings in the seized accounts into US Dollars, but that included their own (Omnipay's, and E-gold's) frozen (seized) accounts. This will ultimately result is great losses of value over time even if the victims of the seizures are found to be innocent due to the in progress bull market in gold and bear market in US Dollars. The seizure order appears to be unrelated to the criminal case in progress against E-gold and OmniPay in that the seizure of the accounts by the government was done under a (separate) civil case, for which the Government has yet to file anything. By doing so, the government was able to seize accounts without having to reveal anything to the owners of the accounts themselves. By law, the government has 30, and possibly up to 90 days to file a complaint. Until the government civil filing is done, none of the victims of the seizures can possibly do anything to defend themselves, not even obtain information as to why their accounts have been seized, or what they would have done wrong. None of the victims of the account seizures have been advised of anything officially at this time.
May 15, 200719 yr Author Read alot on internet currently e-gold got a problem with the Us Goverment but its founder assure its user that it is safe and nothing can stop them
September 19, 200718 yr Read alot on internet currently e-gold got a problem with the Us Goverment but its founder assure its user that it is safe and nothing can stop them I agree. US Government can't stop e-gold. It's not so easy. Edited September 19, 200718 yr by BangkokGuru
September 19, 200718 yr Been using it for years, never a problem, yes in theory you can exchange it for real gold, but thats not really the point nor should you want to. Yes it is like paypal, in essence. Just another way to pay and be paid. Edited September 19, 200718 yr by OxfordWill
July 24, 200817 yr September 19, 2007: "US Government can't stop e-gold. It's not so easy." July 22, 2008: "E-Gold execs face prison after money laundering guilty plea" http://tinyurl.com/592xtt http://tinyurl.com/56xwfg
July 25, 200817 yr Good luck getting your e-gold when the whole shithouse goes up in flames. I prefer to buy physical gold with cash and stay off the radar screen.
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