I recently signed up with e-Gold since most HYIP's pay through that, but once I signed up it said it's not actual money you deal with in the site... If it's not actual money than why do people use it? The site kind of confuses me so if anyone could explain it or help me understand how e-gold works i'd be DEEPLY appreciative. Thanks, -Jesse
HI ! It just means that the money are not real , they are virtual, the price depends of the daily course of gold , see the support center of e-gold for more information.
Egold amount value is based on gold, so it goes up or down depending on the price of gold in the world market.
Egold may have more weightage but in the end you still need to minus away the conversion and transaction costs which may be quite a lot. Egold do not provide this, conversion and transactions are provided by 3rd party vendors.
Why does E-Gold have more wieght than normal money??? And doesn't prices go up and down depending on the movement on your own currency? Like if your using USD and there's inflation Gold would be worth more. From what I got Gold supply is pretty stable in the world market and it's mainly the movement of what the currency is worth that affects the price. Am I right or Am I wrong?
Egold does not have more weight than normal, it has more weightage than other online ones such as Paypal because of its transaction fees, you normally see people change say 90 EG for 100 PP for eg