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Make all your Transactions in Gold!
by Flavesco Dauricomes
http://www.frgold.com
You will never have to worry about inflation and devaluation
of currency ever again. No more waiting for checks to clear.
No more waiting for credits to be made. Also, you will have
a truly worldwide payment system with global payment
options. And with fees lower than those charged for credit
cards, it may all sound too good to be true. So is their a
catch?
Firstly, there is no need to physically buy the gold
bullion, carry it around and store it in a vault when not
being used. All the transactions are done electronically and
the gold is safely stored in a secure vault and is not moved
at all. The key point is that the 'ownership' to the gold is
transferred to another party that you are dealing with.
The gold bullion is held by a 'Trust'. The 'Trust' must
insulate the physical bullion against physical, legal and
political risk. Once you have got your e gold account, you
can exchange your national currency for e gold and deposit
it into your account. There are a number of independent
exchange services. Research and find the right one for you.
Look for an accredited Digital Gold Currency Exchange
Provider (or Market Maker). Check out the testimonials they
have received as well.
With your e gold account you have online access night and
day. You can check your balance, spend using e gold,
download your account history. You can even change your
account information online. For security purposes your
allocated a passphrase, which is the key to unlocking your
account. You are given a passphrase that is unique to you
and it is in encrypted form so that even the e gold account
providers cannot learn it.
Merchants can save themselves from the expense of credit
card fraud by accepting electronic gold. The process is
simple and free. An electronic shopping cart interface is
needed and can be integrated into the existing website.
Payments are immediate and final, thereby eliminating
clearing time for checks and charges associated with credit
cards for things like exceeding the credit limit. Buying
electronic gold is like buying real gold without the
disadvantages of having to physically transfer it or
securely store it.
Gold can be used as money and can be spent electronically.
The gold will remain in storage and only the ownership will
change. You can also revert your electronic gold currency to
paper currency. And have it deposited to a bank account of
your choice. There will be a small charge for the services
provided by the electronic gold currency exchanges. Also
there is an effective maintenance charge of one percent per
annum. It is based upon the last assessed daily average
balance of gold on account. This fee is deducted on a
monthly basis. The popularity of electronic gold is set to
grow, with usage in many countries already taking place. And
finally, credit cards will have to face a competitor that is
rapidly increasing in strength.
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