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22-09-07, 11:10 #1Master Member I was here more times.
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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
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23-09-07, 15:39 #2Senior Member I was here more times.
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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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31-12-07, 15:59 #3Originally Posted by alpine
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03-01-08, 07:08 #4Master Member I was here more times.
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Originally Posted by alpine
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14-01-08, 01:37 #5Veteran Member I was here more times.
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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.
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18-01-08, 16:44 #6Member
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Originally Posted by indieover
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19-01-08, 23:04 #7Senior Member I was here more times.
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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.
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20-01-08, 23:30 #8Veteran Member I was here more times.
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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.
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07-10-08, 09:36 #9Senior Member I was here more times.
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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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20-10-08, 04:29 #10Veteran Member I was here more times.
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Originally Posted by stalinloud
the system is backed in gold which means that your capital is affected by rates of gold but its not a trade with gold .
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16-02-09, 13:43 #11Junior Member
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Re: why e-gold does not use real money
Originally Posted by mustang
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16-02-09, 21:01 #12Veteran Member I was here more times.
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and when its priceless, so why do you give much interest about it and post more about it ?!
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13-05-09, 19:22 #13Senior Member I was here more times.
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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.
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16-05-09, 02:36 #14Veteran Member I was here more times.
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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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26-05-09, 11:53 #15Senior Member I was here more times.
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Originally Posted by alpine
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27-05-09, 10:33 #16Veteran 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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