E-Gold, another scam or the real deal?

@swapw07 (247)
United States
April 17, 2007 8:33pm CST
From it's recent popularity, one can only speculate a lof of scam stemming out of it. From my personal experience, many E-Gold sites are directly connected to HYIP which is known for scam artists 90% of the time. Now, just the fact that it takes money to transfer to E-Gold and transfer back cost money itself. Do you think it's a safe bet or a long term disaster? I'm curious as to those that are experienced and what they think.
2 people like this
5 responses
• Philippines
18 Apr 07
e-gold by itself is a pretty good payment processor. it is not very strict in membership application. every body is free to join. on the other hand, it is lax in security. a lot of persons can have 2 or more accounts with e-gold. that is why a lot of scammers prefer e-gold as their payment processor. security isn't tight enough. again, e-gold by itself is a very good payment processor. this is a tip: 1)if you want a reliable site to join look for e-gold and paypal as its payment processor on that site. paypal is the most reliable among the payment processor but is very strict to membership. some country are banned while others are not. and paypal is tight on security. if you see paypal on the site it is pretty much legitimate. but do your homework ok. research on the sites owner and history to be sure. 2)HYIP is a myth. the only people getting paid are the early birds and the owner. i have not seen an HYIP site that last for 2 years. 2 years is the maximum life span of HYIP site, after this it you could kiss your money good bye. some HYIP site close within the year. and the owner or scammer would open another HYIP site to scam yet another innocent surfer.
@moreinfo (3867)
• China
19 Apr 07
e-gold is possible more secure than paypal. the problem is, all e-gold payments are final, non reversible. so thiefts and scammers like e-gold. members have to be very careful before sending your e-gold to others. E-Gold, fund account, cash out, all about the gold backed payment processor http://www.mylot.com/w/discussions/722311.aspx Cash out small amount of e-gold, withdraw less e-gold money http://www.mylot.com/w/discussions/886326.aspx AlertPay: Alternate ECurrency Good for Cashout E-Gold http://www.mylot.com/w/discussions/696409.aspx E-Gold and Online Security Recommendations http://www.mylot.com/w/discussions/447072.aspx Online Security: How to keep your e-gold and other accounts safe? http://www.mylot.com/w/discussions/441238.aspx Online Security: Use Firefox NOT iexplorer to access e-gold and other accounts http://www.mylot.com/w/discussions/688769.aspx Use IP address to access your e-gold account securely http://www.mylot.com/w/discussions/830929.aspx Use ROBOFORM to Protect Your E-Gold and Other Accounts? http://www.mylot.com/w/discussions/452266.aspx Easy way to check if an e-gold account is blocked or not http://www.mylot.com/w/discussions/807893.aspx
@dufeng (12)
• China
20 Apr 07
Recently,the money of many friends around me was stolen,we must notice this EG account NO.4340204, it adopted a new way,when you entered your account,the money was transferred to that account aotomatically.
@moreinfo (3867)
• China
25 Apr 07
there is a trojan works like that: search and read at egold club at http://www.egoldclub.cn/forum
@mayenskie (1308)
• Philippines
20 Apr 07
I do not think e-gold is a scam. A closde friend of mine has cash out her earnings from e-gold to our currency and transferred it to her bank account. Check this discussion, a personal experience of one of mylotters on how e-gold really cares about its members. http://www.mylot.com/w/discussions/1010887.aspx
@swapw07 (247)
• United States
21 Apr 07
I think that's still kind of tough to see. Sure I see a lot of good responses toward e-gold but has anyone ever thought about the reason of why of their sudden appearance? I just tend to be a bit skeptical, I mean unlike a bank e-gold does not have the FDIC protection. According to e-gold, once a payment is transacted it is done for good. So in another words, no refund..are you all really okay with that?
@swapw07 (247)
• United States
25 Apr 07
I do want to also add to that, although E-Gold can be cashed out no one doubts that there are still fees involved though. Since there's no protection like FDIC, is it even safe? Besdies E-Gole, how many countries would actually utilize E-Gold?
• Sri Lanka
18 Apr 07
Take a famous bank as an example. A religious organisation is free to deposit money in it. Also a world renown criminal or a swindler can deposit money in it. I can open an account in any bank and publish my account number and tell people to deposit money into it which I will use for charity. But then I can swindle the money. This has nothing to do with the reputation of the bank.
@swapw07 (247)
• United States
18 Apr 07
See the thing is that from my knowledge, banks are all dumping their gold and Europeans are buying them up. I would say even two to three years prior to date that there were close to no talks about Gold here in the US. What happened? Why are all of the gold talks re-surfacing?
@maumbi (2571)
• Indonesia
18 Apr 07
e-gold is amazing payment system on internet, global and free not ask you anything,secure too. and about HYIP is funny if people never know HYIP is gamble or money game, you can WIN or LOSE, most people get THOUSAND dollar from HYIP, and another people loosing a lot money too. many system and tricks we can find out there how we defeat from a master. and yes i have been try and join their system. in 2 month i can get over $2,000, and only lose $50 !! but after that i never play again, i don't like to be adictive
@rsa101 (13337)
• Philippines
18 Apr 07
I guess egold is not scam but is being used by scammers around because of its easy access and less restrictions on transfers of money from one account to another. That is why many HYIP are using egold too.