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MoneyMakerGroup.com Forum > Payment Processors & Currency Exchange > Payment Processors & E-Currencies > E-Gold


sarahmoore
I have been checking many E-Gold forums and the experts, veterans, gurus (whatever you like to call them) have all dismissed them. The latest rumours were started by a spam e-mail. Many people have contacted E-Gold support with every question under the sun and E-Gold has simply said \'no we are not closing in 2007\'. The rumours have just been spread by people posting \'omg e-gold is closing!!!!!!!!!!!!!\' all over the net.

Taken from the E-Gold site to backup the fact that E-Gold is not going to close.

QUOTE
e-gold® Celebrates Ten Year Anniversary

November 27, 2006

e-gold, one of the world’s foremost Internet payment systems, celebrates its tenth anniversary this month. e-gold is truly the pioneer of Internet payments.

While other payment systems have come and gone losing millions of investment dollars e‑gold has continued to successfully serve its customers. It has flourished due to its strong fundamental principles of freedom from default and finality of settlement. e-gold has always held true to meeting its User obligations. When merchants are paid they stay paid, and consumers can make payments without compromising their personal information online.

Dr. Douglas Jackson, founder and CEO of e-gold, commented on his creation’s tenth anniversary: “It has not always been easy, but we have never deviated from our original vision. While we have seen others fail, we remain highly committed to the goal of bringing, for the first time in history, to people of any financial means across the globe, a secure payment mechanism at a fraction of the cost of any other system.”

e-gold is all about security. e-gold is a robust and secure system including its AccSent program and Secure Random Keyboard to combat password theft and unauthorized account access. e-gold represents one of the most secure mechanisms available to hold and transmit value across the internet.

e-gold is about privacy, but it is not anonymous. e-gold Users can be assured that their online transactions are private, but those who may wish to hide illicit transactions should know they are not anonymous. e-gold’s advanced investigative protocols will identify and stop illicit users.

e-gold is about low costs. For any transaction, from micro payments to large values, e-gold is the lowest cost payment system available. And unlike charge cards, e‑gold has no risk of chargebacks.

e-gold is truly global, operating in nearly every country, offering isolation from fluctuations in individual national currencies.

Despite being new, innovative, and often misunderstood e-gold has survived and thrived becoming one of the world’s leading payment systems. Ten years old this month, e-gold is eagerly looking forward to the next ten years.

About e-gold:

e-gold is an alternative payment system that mobilizes the value of gold, as money, for Internet payments and funds transfers. e-gold builds upon the fundamental strength in proven customer demand for gold as a secure store of value. All e-gold is backed by a 100% reserve of physical gold in recognized repositories. e-gold offers customers a secure and robust payment system that minimizes exchange risk, operates globally 24/7, has finality of payment with no chargebacks, uses automated interfaces, and is low cost. Operational since 1996, e-gold has settled over 70M transactions, serves customers in 165 countries, and holds nearly 3.5 metric tonnes of gold.


What I say to people claiming E-Gold is closing:

SHOW US SOME FRECKIN SUBSTANTIAL EVIDENCE
davidscript
Uhh... stormpay hasn't closed either. tongue4.gif

Not sure who were saying it would close, but I think jackson's sudden and radical stance on "criminals" raised some cause for concern.
ChrisMono
QUOTE(davidscript @ Dec 21 2006, 03:55 AM) [snapback]3395282[/snapback]

Uhh... stormpay hasn't closed either. tongue4.gif

Not sure who were saying it would close, but I think jackson's sudden and radical stance on "criminals" raised some cause for concern.


if egold turns like the rest.. no hyip/matrix... then basically hyip industry is deader than dead..
really hope it doesnt though.. this industry is so much more interesting than ptr for example.
Lesbian
once our money is separated from us ie being stored in egold etc theres nothing we can really do about it except hoping the so called payment processor wil not fix us. moral of the story is do not put too much sitting there in egold or any other pp.
Chriss2006
Don't know why, but why e-gold is going to close their business? i think they got so many profit from the fee.. why they must close good business?
IMDeMan!
This same type of thing happened last year. The thing is, they invited the government in last year, and showed them the gold reserves that they have on hand. All of the gold that they have on hand is more than enough to cover what is in the accounts.

The thing that everyone needs to realize is that gold is tangible. the other processors like Pay Pal, Storm Pay etc. the funds are just a paper trail and are not really even there. So e-gold in my opinion is safer than anything else out there. thumbup(1).gif
ChrisMono
yeh it has just been confirmed to me from a gold exchanger that anything to do with hyip will just get blocked. sick.
Adurog90
QUOTE(ChrisMono @ Dec 21 2006, 03:39 PM) [snapback]3399965[/snapback]

yeh it has just been confirmed to me from a gold exchanger that anything to do with hyip will just get blocked. sick.


serious`?

Then it will be a good move to put your funds to another processor or?
ChrisMono
check www.1mdc.com thats where im putting my e-gold. Its safe for the moment, but its only a service, not a real e-gold alternative. in the long term everyone will be switching to libertyreserve.com reading other forums
..::[CoutureChic]::..
As much as I dislike eg but I agree with TS it's still here to stay
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