E-gold

Singapore
March 25, 2007 10:46am CST
Can someone explain to me how e-gold works? At first I thought its something like paypal, but it keeps stressing on its gold investments. I wonder if we can actually earn money by putting money into e-gold. Anybody can help explain this please? Thanks!
3 responses
@tommy408 (361)
• Malaysia
25 Mar 07
both e-gold and paypal are internet payment system. Both has its pro and cons I guess but personally I prefer e-gold becase 1. It is more secure 2. It is backed by gold 3. Its fees are much much less than paypal Investing in gold is always better than keeping your money in the form of your national currency. It preserves your dollar value. If you are alert you would notice when the dollar value depriciates, the gold price usually rises. And since the production of gold worlwide does not really cater to its much larger consumption, the price of gold will keep on going up. So invest in gold. It's a great move. Ofcourse, unlike investing Dollars, investing in gold does not pay interest.
• Singapore
25 Mar 07
thanks for all your help!
• Singapore
26 Mar 07
I think egold money cannot be transferred directly to paypal and vice versa. You probably need to ask someone to do it for you :) Furthermore, to claim money from e-gold, they will send a cheque to you, and I don't like cheques :(
1 person likes this
• Nigeria
29 Mar 07
Egold is only a way of receiving money online and the best way to make money from egold is by refering people to join and any activit on such person egold account will earn you some percent of what every the transaction is
1 person likes this
• Singapore
31 Mar 07
I prefer to use paypal though, as they allow me to cash my money using my bank account.
@alen0224 (528)
• China
25 Mar 07
Hi there. Actually you can't earn any money by putting your money into e-gold unless you use them to make some investments. E-gold is a kind of bank online, in my opinion, where you can keep your earnings both from online and offlines, it is a kind of third party tools to deal with your money, such as deposit to and cash out from.
@Makoy1983 (1085)
• Philippines
26 Mar 07
how do you cash out e-gold?