With e-gold, you don't put the gold in the same bank where you have your dollars. You basically set up a different account that holds gold and silver in the vault instead of dollars.
Each time you "deposit" dollars into the account, you are actually buying gold, silver, or other precious metal, and keeping that gold in your account in a vault.
Then when you want to "withdraw" from that account, you are basically selling the gold for dollars (or whatever currency you want).
The basic idea is, as money continues to lose value, your e-gold account will actually go up in value. In other words, If you deposit $632 (U.S. Dollars) today, they could put one ounce of gold in your account. Then, later, when gold is worth $700 per ounce you "withdraw" your ouce of gold and convert it back into dollars.
2006-12-07 20:49:38
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answer #1
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answered by TheDon01 1
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e-gold
ie buying without delivery &
in commodity future even without full payment (few % payment)
no holding locker cost involved
watch gold chart on
aptistock freeware with buy sell signal, &
www.stockcharts.com
copy paste link & visit blog
GOODLUCK
2006-12-07 18:34:53
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answer #2
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answered by dinu_pawar 5
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151 gold Thats aloth of gold.. i guess no one else has this plenty! hahahaha noobs!! my guild owns you!!!!!im point 11 and that i've got a cruel barb take that noobs!! i owned a point 21!! i mawsome
2016-12-30 03:18:39
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answer #3
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answered by goldie 3
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1) Currency.
2) Open a brokerage account at your Bank and buy IAU.
2006-12-08 05:12:02
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answer #4
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answered by Anonymous
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