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Electronic Gold Exchange!
by Flavesco Dauricomes
http://www.frgold.com
What if I told you of a new twist on an ancient form of
currency (i.e. gold exchange). Where you do not have to
worry about inflation or devaluation of your of your
currency. No more waiting for checks to clear or credits to
be made to your account. No more exorbitant fees to be paid
on transactions and a currency that you can use worldwide
just like any other. So the the thought comes to mind, what
is this author smoking?!
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.
If you need to acquire paper money in your own currency or
any other currency you can still use the services of an
independent exchange service. A small fee is charged for
this. The gold account itself has a 'maintenance' fee of 1%
per annum which is paid monthly based on your average daily
balance for that month. Exchange of gold electronically is
set grow at a phenomenal rate and there is already an Eco
system in place that deals with millions in transactions
every day. It is an ideal and more secure alternative to
credit cards and checks.
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