The gold part of e-gold is stored in vaults in London, Zurich, and Dubai in the form of approximately 400 ounce bars of gold. There are also silver, platinum, and palladium variations of e-gold.
The electronic part of e-gold is conveyed to the web from servers in Melbourne, Florida. You can use your e-gold account to make payments, track the history of your transactions, earn incentive fees, and receive payments.
How do I get some e-gold?
You go to our Buy page. We have extraordinary rates.
How do I start an e-gold account?
Click here to start a new account
You simply fill out the form, review the account user agreement, and click okay.
What are the e-gold fees?
E-gold charges a fee to the recipient of every payment. The fee is called the "payment receive fee." The amount of this fee is currently 1% of the amount of the payment, and is capped at 50 cents. So, if you spend more than $50 to someone, the payment receive fee they are charged is 50 cents.
E-gold charges a storage fee for storing your gold. This fee is called the "storage fee." The amount of this fee is 1% of the amount of gold you have in your account each year. This fee is charged monthly based on the average balance in your account for the month. So, each month, one twelfth of one percent of the amount of gold that was in your account the previous month is removed when this fee is assessed. (If you empty your e-gold account before this fee is assessed, your account can have a negative balance.)
Why do I want e-gold?
You want e-gold to spend at any of the 50,000 or so vendors online who accept e-gold. You want e-gold in order to make value-for-value exchanges with others. You want e-gold because it is gold itself - circulated electronically.
Why is e-gold better than dollars?
Over time, gold retains its value. Dollars do not. Thus, we say that gold is a better store of value than dollars.
Sometimes as a consequence of other policies and sometimes as part of a deliberate policy, what you call dollars or Federal Reserve Notes are inflated. Since 1913, over 98% of the value of the dollar has eroded. Since 1971, there has been no facility for redeeming dollars for gold. Since 1968, silver has been no part of the common coin of the USA. Prior to 1982, copper was 97.5% of the content of the penny - today the penny is zinc which has been microplated with copper. Obviously, the debasement of the coins and the withdrawal of redemption indicates that the dollar is not what it used to be.
In 1792, the dollar was defined as 371.25 grains of fine silver, or one twentieth of an ounce of gold, or so many pennyweights of copper. Today it is none of those things. It has become an arbitrary token which means whatever the Federal Reserve System can get people to accept it to mean. By setting interest rates, engaging in "open market operations" and other conduct, the Federal Reserve alters the value of your dollars.
Since 2001, the price of gold has risen dramatically. Given the current trade policy of the USA government advocating a weak dollar and the current inflationary policies of the Federal Reserve, we can expect further increases in the dollar price of gold. By holding your wealth in part in gold you can benefit from that rise in value.
Why do merchants prefer e-gold to credit cards?
As a merchant accepting credit cards, you would pay a fee for every credit card transaction. Often this fee is about forty cents per transaction. In addition, you pay a fee based on the value of the transaction. This fee is often 5% or more. You also pay a monthly fee, often $40. You may pay a fee for equipment rental. You may pay a fee for a software license. These fees are deducted from your merchant account whether you make very many sales or not. If you have chargebacks, which many web merchants experience, you may be fined by the credit card company based on the volume of chargebacks - without regard to whether these chargebacks were contestable or valid.
By way of contrast, if you accept e-gold, you pay a 1% fee on the amount received, capped at 50 cents. You pay 1% per annum in storage fees, collected monthly. So your monthly fee is one twelfth of one percent of the average balance in your e-gold account for the previous month.
In other words, merchants should prefer e-gold to credit cards because it is better money, it is cheaper money, and it is much easier to qualify. There are no chargebacks with e-gold unless your customer gets a court order - and if a customer tries to get a court order you'll be notified and have due process to contest the order.
How does honor get involved?
Gold is an ancient token of wealth. It is one of the oldest forms of money. Money is used for two functions: to store wealth and to exchange value. Offering gold is an indication that you have honor, that you intend to honor your obligation to the vendor by making good payment in real value. Accepting gold is an indication that you have honor, that you intend to honor your obligation to the customer by accepting good payment in real value.
E-gold transfers are irrevocable by design. While it is possible to obtain a court order to reverse a transaction, it is time consuming and difficult. Thus, e-gold users have a community which acts to bring peer pressure, ostracism, and outside enforcement to bear on those who engage in fraudulent transactions or theft.
Who is behind EzEz e-gold?
You can learn more about our team.
Is there any connection to e-gold, Ltd.?
There is no direct connection between EzEz e-gold and e-gold, Ltd. EzEz e-gold is an exchange provider or cambist. We have an e-gold account, and we've had one since 1998.
Where do I send money?
To buy e-gold from us, you need to place an order on our buy page. You can reach us using the contact information on our contact page.
How small an order will you process?
We set no lower limit. If you have a means of conveying a millionth of a dollar to us, we can sell you a millionth of a dollar's worth of e-gold, for our usual fee. See our rates page for fees. The e-gold system does not presently account for less than a millionth part of whatever currency is used in the payment. The smallest value currency might be the Japanese yen, so a functional lower limit would be a millionth of a yen.
How large an order will you process?
We set no upper limit. If you are paying us in cash, there are practical limits to the amount of cash we can accept due to various laws. However, if you are sending a bank wire, the sky is the limit.
What happened to the old ezez.com site?
We liked EZEZ e-gold so much, we bought the company.
What does freedom have to do with it?
"Destroyers seize gold and leave to its owner a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it." Ayn Rand wrote these important words. You should think about them.