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  1. #1
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    Default why e-gold does not use real money

    why e-gold does not use real money and trade gold instead of real currency. what are the advantages of using gold instead of real currency. how e-gold manages accounts

  2. #2
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    i think that they might have any gold business or because gold prices increases and decreases and they earn profit from that. if the prices after buying goes up then they have some profit until the person doesn't incash the gold from egold.
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  3. #3
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    Quote Originally Posted by alpine
    i think that they might have any gold business or because gold prices increases and decreases and they earn profit from that. if the prices after buying goes up then they have some profit until the person doesn't incash the gold from egold.
    may be u r right about it. but gold is more costly. thats why they do that.

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    Quote Originally Posted by alpine
    i think that they might have any gold business or because gold prices increases and decreases and they earn profit from that. if the prices after buying goes up then they have some profit until the person doesn't incash the gold from egold.
    hey that may be true . i too dont know. but i heard some people saying they can cash out egold to bank account if they have debit card.

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    i am really not aware why they have to use gold accounts. why they don't use money instead. this is really confusing. but actually i just get on with the flow. if that is how they want it to be, then i just follow it and hope to learn the system.

  6. #6
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    Quote Originally Posted by indieover
    i am really not aware why they have to use gold accounts. why they don't use money instead. this is really confusing. but actually i just get on with the flow. if that is how they want it to be, then i just follow it and hope to learn the system.
    i agree with u

  7. #7
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    I believe it is that by using e-gold your virtual money is backed by a real gold or other precious metal unlike paypal which only store your money into virtual money. So you can redeem your money for gold or other precious metal in e-gold which is actually very handy since gold value always rise. If you can have sufficient amount of money to redeem on gold there in a few years the gold value will increase greatly and you can sell your gold for greater amount.

  8. #8
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    i think that egold is geared toward investment. they are thinking of having account wehre your money has a chance to earn more money while sitting in the account. while paypal is different since our money does not grow or go down.

  9. #9
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    i don't know about its usage with gold but 1 thing i know for sure international trade of real gold is not easy as with real currency so they us dollar as trade!

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    Quote Originally Posted by stalinloud
    i don't know about its usage with gold but 1 thing i know for sure international trade of real gold is not easy as with real currency so they us dollar as trade!
    you ddon't know it well .
    the system is backed in gold which means that your capital is affected by rates of gold but its not a trade with gold .

  11. #11
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    Default Re: why e-gold does not use real money

    Quote Originally Posted by mustang
    why e-gold does not use real money and trade gold instead of real currency. what are the advantages of using gold instead of real currency. how e-gold manages accounts
    Ah because gold is priceless.

  12. #12
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    and when its priceless, so why do you give much interest about it and post more about it ?!

  13. #13
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    I think they have made this concept so that the value could either decrease or increase maybe based on the demand so that they can make sure that they will earn from time to time.

  14. #14
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    e-gold is worthless,, it was just the first method of an electronic currency and it failed to continue.

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    Quote Originally Posted by alpine
    i think that they might have any gold business or because gold prices increases and decreases and they earn profit from that. if the prices after buying goes up then they have some profit until the person doesn't incash the gold from egold.
    WELL,e-gold from its name we can see that it depend gold prices,as you said,e-gold earn profit from gold prices increases and decreases.

  16. #16
    hyxfei is offline Veteran Member I was here more times.
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    i wonder why my egold money always decrease and increase often. i think since i have received 80$egold to my account. it should be always 80$ there and egold have earned 1percent of our every incoming money at least.

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