One of the big news channels here in Los Angeles did a big expose on e-gold and it's shady and questionable practices. Further emphasizes why I'd never use it or trade with it.. The link is below if interested.. http://www.myfoxla.com/myfox/pages/...n=3&locale=EN-US&layoutCode=VSTY&pageId=1.1.1
Typical one-sided nonsense that gets circulated about e-gold. e-gold has been at the forefront of the fight against child pornography, and is a charter member of the Financial Coalition Against Child Pornography (see [ur=http://tinyurl.com/pfbhg]here[/url].) Some people use e-gold for nefarious purposes -- um, do they never use banks, cash, Western Union etc.? Of course they do, by a factor of several thousand to one compared to e-gold's total turnover, legit and otherwise. Frank
Yes, this is non-sence... How can you say that only one specific company is being involved in this. Paypal,webmoney,western union. Could and probably is being miss used.
You could find misuse with any big site. End of story. You can find misuse with government services as well. Ask the Department of Transportation for Arkansas. One of their servers was being used by terrorists to store propoganda (60 minutes).
I used to use e-gold a while ago when I started trying to make money on the internet. I'd even forgotten that I had an e-gold account! There's not much money in it. What can e-gold be used for now? Which useful sites accept it?
e-gold is a good company, this creates business online to person and country not approved by paypal, there are lots of reputable sites and company that accepts e-gold. It is not the e-gold company that is at fault but the users who abuse the service and use the account to fraud people. These of course has the same scenario on other payment processor. So what is the difference?
Wow, basicly we are all just saying the same thing to this person. Conclusion is, "it can be abused, just as any other payment processor.
It would not surprise me if more negative reports surfaced in regards to e-gold or any other digital gold currency system. If one uses a currency backed by gold it means your currency has actual value. The currencies we use today are fiat currencies and their value can fluctuate based on the will of the banks that control them. In the USA, since 1913, that bank(s) is the Federal Reserve Bank. In other words, people using a currency backed by gold (as the dollar used to be) does not fit into the plans of big business nor the media that is owned by said big business. The control of the value cannot be easily changed. “Fiat money is the cause of inflation, and the amount which people lose in purchasing power is exactly the amount which was taken from them and transferred to their governments by this process.†—G. Edward Griffin, “The Creature from Jekyll Islandâ€
And the value of gold does not fluctuate? The value of ANYTHING, fiat or not, is set in our minds. Gold is freely traded on the same markets as paper currencies. The actions of traders and the supply and demand functions of open markets determine the actual value at any given moment. The argument, set forth by the gold bug camp or the conspiracy theorists, that gold has always had an intrinsic store of value is a load of bunk! It is no less of a fiat than paper is. Inflation, deflation, market bubbles, market crashes, up, down goes the yo-yo of value. Always has, always will. Before and after Breton Woods. Before we ever used paper to represent gold in a bank. Before we stamped crude coins out of gold. And in the future when its all electronic. Up, Down. Some loose, some profit. Supply and demand is never constant. BUT, Creature form Jeckyll Island is a cool book. A tad slanted (well more than a tad) but an interesting read. And the big currencies like USD, JPY, EUR, GBP, CHF, AUD, CAD are no longer in control by their central banks. The foreign exchange market is so large today that even a government does not have enough capital to move the market for a significant amount of time. The market itself would slowly erase any influx of capital into the market. It's just too liquid. Some of the lesser currencies may still be more easily manipulated. But were supposed to be talking about e-gold. Why is the e-gold camp so full of HYIP and MLM ponzi schemers? The only people getting rich in this get rich quick sector of the net is e-gold itself with their transaction fee's. Not that Paypal is much better. (Just noticed what they take when I accept Credit Card payments, ouch!)
Egold is very weird.......lolz, i mean i wanted to buy this product and the guy accepts Egold and the product value is 10$ and in order to add $10 to Egold you have to pay an additional $10 to Egold network sites who actuly do the funding part, How crazy is that..? And even more u have to go thru hell to add funds to your a/c via egold, well this is 21st century and business and payment processing should be very customer friendly without too many confusing procedures.
Well any ecurrency is going to have scammers, even paypal does. People have you send them money then they withdraw it and then shut there account down. One sided story.
Man you are so right!!! May I give you another story to ponder on? Think about dollars!! They have been used over time to pay assassins, buy land mines and sex slaves, they have created wars and worst of all they were used to buy huge amounts of burgers. I advise you to switch immediately to the Japanese yen just to be on the safe side. Regards, George
I love E-gold, although yes it can be difficult to work with and if you do get ripped off, there is no recourse. Even if you do contact E-gold (and I have) regarding a scammer all they will do is close their account BUT unlike Paypal this doesn't prevent them from moving their money out of that account, they can just create a new E-gold account and send it there.