Does anyone know about e-gold ?

Discussion in 'General Business' started by wkcalvin, Mar 12, 2007.

  1. #1
    I got no idea about how e-gold operation, but many many topic is say" Make $$$ with e-gold" :confused:

    Can anyone share experience about using e-gold and make money with it ?

    Thanks
     
    wkcalvin, Mar 12, 2007 IP
  2. eddy2099

    eddy2099 Peon

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    #2
    In theory, e-gold houses real gold in their vault which backs your deposits in them.

    As you know, gold prices goes up and down and if it goes up, you make money. If it goes down, you lose money. That's the short story.

    Of course, the other thing is that e-gold is the main currency which is used in the High Yield Interest Programs (HYIP) and some of these HYIP programs supposedly yield something like 2 to 3% interest per day. Thus in theory, if they work, you will make loads of money in your investments.

    However, some are nothing more than just pyramid scams which may pays for a while then when the money dries up, you may lose. It all depends.
     
    eddy2099, Mar 12, 2007 IP
  3. wkcalvin

    wkcalvin Peon

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    #3
    Thanks, that is:

    Direct buy/sell e-gold will like trade bullions.

    Right ?
     
    wkcalvin, Mar 12, 2007 IP
  4. eddy2099

    eddy2099 Peon

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    #4
    Somewhat. E-gold itself does not do selling or buying of e-gold so you pretty much need to find an exchanger who would do that for you.

    E-gold is pretty much virtual gold.
     
    eddy2099, Mar 12, 2007 IP
  5. lankengate

    lankengate Peon

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    #5
    Could you please some one tell me where an i buy egold by uisng credit cards!
     
    lankengate, Mar 23, 2007 IP
  6. BannerSpot

    BannerSpot Peon

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  7. d16man

    d16man Well-Known Member

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    #7
    e-gold is great for those trying to market it and get people to invest in it...however, other than that, it is pretty much worthless...don't do it.
     
    d16man, Mar 27, 2007 IP
  8. npennington

    npennington Well-Known Member

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    #8
    Actually all HYIPs are pyramids. There isn't a single honest one.
     
    npennington, Mar 27, 2007 IP