Having reviewed Paypal as a useful internet money transfer system I now turn my attentions to another such facility: E-Gold
I would like to point out that there may be uses of E-Gold that I am unaware of this review is designed for casual users of money transfer systems who do not deal in ... Read review
Advantages: Value of gold is fluid not static / professional site Disadvantages: little used / value of gold is fluid not static
...there may be uses of E-Gold that I am unaware of this review is designed for casual users of money transfer systems who do not deal in large amounts of money and not webmasters of investment programs who may find this program useful.
History
The money exchange sites which appeared as the internet expanded were always going to be easy targets for scams, cheats and hackers. Paypal was hijacked by these a few years ... ...the technical word here).
E-Gold was created using a system of security of "Turing Numbers" this was an added level of security above the password and user name to log in to your account. Also using gold as the currency with agents to buy and sell gold seems to have worked well in resisting cheats and hackers.
The Basics
1) You receive money from an E-Gold user it goes into your account
2) You ... more
Having reviewed Paypal as a useful internet money transfer system I now turn my attentions to another such facility: E-Gold
I would like to point out that there may be uses of E-Gold that I am unaware of this review is designed for casual users of money transfer systems who do not deal in large amounts of money and not webmasters of investment programs who may find this program useful.
History
The money exchange sites which appeared as the internet expanded were always going to be easy targets for scams, cheats and hackers. Paypal was hijacked by these a few years ago and so closed many accounts (this has since been shown to be accounts like Paid-to-Read email accounts, pointless pyramids system and the like).
This meant all the legitimate programs and the hackers all looked for other suckers (suckers is the technical word here). E-Gold was created using a system of security of "Turing Numbers" this was an added level of security above the password and user name to log in to your account. Also using gold as the currency with agents to buy and sell gold seems to have worked well in resisting cheats and hackers.
The Basics
1) You receive money from an E-Gold user it goes into your account 2) You pay for goods and services with the money in your account. 3) To "cashout" you pay a buyer to buy your gold and give you money for it.
The Costs
I will admit I do not understand fully how that side of the business works so I will not attempt to explain it here. 1) E-Gold receives its money through storage fees (which are 1 cent a year) and 2) Commissions from cashing our customers based on their value of Gold.
Obviously E-Gold does not appear too popular enough to be used in WHSmith or Tesco so why should you use this program?
Well the truth is as a general nobody I have an E-Gold account, but I really have no use for it and I am going to close it. I have amassed the grand figure of $10 from a couple of sources who pay by E-Gold and I realise that I can't "Cashout" without high fees and no one uses E-Gold except the programs I shall run through below.
If you are just someone who sells a few things on ebay and runs a trade business you are best to avoid this unless you deal in high value goods.
This program is widely used but only in niche companies (see below)
Users of E-Gold
Without meaning to belittle the organisations the only users of E-Gold I have seen are HYIP programs, Paid-to-Read email programs and the obligatory Pyramid systems. Obviously you want to avoid the pyramid systems You want to avoid the Paid-to-read email programs unless you know which ones to look for as they either don't pay / can't pay or pay next to nothing anyway for your work. The HYIP are a form of pyramid system they give you high interest on investments of E-Gold, but most of these are based on people joining - so if no one joins you lose your money.
Essentially E-Gold is a great program, and professionally run but unfortunately has no use at present. If you have Paypal stick with it. If you fancy trying your luck with HYIP then you are a fool.
There may be uses of E-Gold that I am unaware of this review is designed for casual users of money transfer systems who do not deal in large amounts of money and not webmasters of investment programs who may find this program useful.
Advantages: Easy to use, low risk, no frozen accounts Disadvantages: Transaction fees, security
...currencies, the money in an e-gold account represents gold. The company, e-gold Ltd., actually has reserves of gold in places like London and Dubai, corresponding to all e-gold in circulation; thus, you can even redeem your e-gold balance as real gold, although the cost of this is prohibitive in practice. Now, you may ask why an account holder would want to have a gold-denominated account.
* Why Gold? *
The reasoning behind investing in gold goes ... ...markets.
* Using e-gold *
The e-gold website is fairly minimalistic, as it should be. You are identified by your account number, and authorisation takes the form of a single password. After logging in, you can view your balance and account history, send e-gold (they call this "spending"), redeem e-gold for real gold, and change your personal details. That's all; e-gold isn't as complicated as it seems at first. Since for most purposes you won't ...
dead.letter 03.08.2003
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Ciao members have rated this review on average: very helpful Review of e-gold
Product package
Security and Privacy
Quick review of e-gold
If we, as a comunity,stop responding to wretched common theives, such as the poster of this chain mail scam - designed to defaud e-gold - we can help to ensure the longevity of a system which allows us greater freedom in the marketplace. Support e-gold as the currency of the new millenium! ...
globaltraveler 24.04.2007
Ciao members have rated this review on average: somewhat helpful Review of e-gold
Advantages: world wide money Disadvantages: I never have tested of problems with e-gold
...an electronic currency, issued by e-gold Ltd., a Nevis corporation, 100% backed at all times by gold bullion in allocated storage***
***E-GOLD is accounted by weight of metal, not US$ or any other national currency unit. Weight units have a precise, invariable, internationally recognized definition. Additionally, precious metals, gold in particular, enjoy a long history of monetary use around the world. Thus, e-gold is ideally suited for international ... ...***The target market for e-gold is simply people who use money. How do you presently use money? Chances are any of these activities would benefit from the increased soundness, security, efficiency, and lower cost of e-gold. Here are some examples of how e-gold is presently used:e-commerce, business-to-business payments, point of service sales, person-to-person payments, payroll and many other things***
Historical Number of Accounts Created per Week ...
Chernovalov 15.08.2003
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Ciao members have rated this review on average: somewhat helpful Review of e-gold
Advantages: It is good Disadvantages: no disadvantages
...by one $ into these e-gold accounts: 1. 753724 2. 3322704 3. 3683725 4. 3716621 5. 2659344 6. 3819712. Then delete first account number, lift the numbers up and write down your e-gold account number into number 6. Now you need to place this article minimum in 200 forums, advertisements or send to your friends and wait for your money. Remember-more information about this article you give, more money you will earn. You need to register and open your ... ...you can add into your e-gold account using your own bank internet services, using http://www.wmtransfer.com/ , http://www.wm-lt.com/e-goldlt.htm or any other webmoney transfer service. NO CHEATING will make you money. It takes only several hours to put your article in lots of internet places! Don't do this tomorrow, do it TODAY!!! Important PUT your article in as many forums and other places as you can! Good luck! ...
jonyzass 26.11.2006
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Ciao members have rated this review on average: not helpful Review of e-gold
Advantages: Customer Service, Account variety, Good interest rates and good website/online banking. Disadvantages: Many travel charges for withdrawel.
I've been with Natwest for many a year now and I've had absolutely no problems, I wouldn't switch banks unless I have to.
The great thing about Natwest is the variety of choices of Bank accounts, the majority depending on your income, e.g. Gold Premier.
I've had the best experience with their customer service and helpline than with any other bank, it is absolutely superb, they are extremely quick to answer e-mails, they post replacement cards/cheque books recorded delivery next day but the best aspect is the helpline, you can ring your branch directly meaning that there is no need for automated call centres which are terribly frustrating.
Their website and online banking is also particularly helpful.
Natwest may not be the cheapest bank when it comes to charges but I think that the customer service makes up for that.
To ...
Olivah 14.05.2008
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Ciao members have rated this review on average: helpful Review of NatWest
Advantages: Low fees, price quoted throughout the day, no fund manager Disadvantages: no fund manager
exposure to: Stock indices such as the S&P, Dow, FTSE etc.; Bond indices in many countries; Commodity Prices e.g. Gold, Silver, coffee; currencies; Agricultural commodities such as lean hogs (ticker symbol: HOGS) The ETFS web-site give a overview of the funds available from them. The majority are quoted in dollars, although a few are quoted in Sterling as well.
Conclusion
ETFs and ETCs are a very good inexpensive way of gaining exposure to investment markets, avoiding the high cost of a team of investment managers and analysts. They are probably slightly riskier and are aimed at more experienced investors who can manage their investments themselves. ETF Securities is a good provider of global ETFs and ETCs with a very good range, albeit with a heavy US investor bias. UK or European investors should also consider other providers such as i ...
AndrewPo 28.03.2009
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Ciao members have rated this review on average: very helpful Review of ETFS Securities
Advantages: FREE offshore Bank accounts, and CC world-wide Disadvantages: Takes up to 48 hours to get the improvement and open an account
This is a new word in the field of on-line banking. First free offshore Bank is giving away FREE offshore Bank Acounts connected with Visa/MasterCard or Maestro at your choice. Complete on-line accounting interface and world wide ATM CC acceptance. Free and world wide acceptance.
Isn't it really great?
Besides all mentioned above, it is accepting the E-currency, such as e-gold, PayPal, Ezine, WM, etc. so there is no problem now to exchange (buy/sell) e-currency to you local one in just several minutes.
Also they have a referral program to attract new customers ($10 USD per each one).
The claim that this willbe free forever and available world wide.
Just why not to give them a try, FREE and no claims...
Disadvantages: they are relocating their domain now, so use the miracle site... All is nevertherless working... ...
dterzi80 26.01.2001 (19.01.2001)
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Ciao members have rated this review on average: helpful Review of Free Offshore Bank
