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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.90

+0.1%

4:00 PM EST

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To: Professor Dotcomm who wrote (63590)	2/9/2001 11:28:41 AM
From: Claude Cormier	Read Replies (2) of 116795

Professor Dotcom, Both e-gold and GoldMoney are very similar in essence even if they have some interesting differences. The information you are asking is very detailed on their websites. But it goes like this. 1) You open an account with them 2) You fund your account through an exchange broker (GoldMoney call them Cambios, e-gold call them exchange provider) 3) You access GoldMoney or e-gold payment system and do a spend in gold grams equivalent to the appropriate account (the account that belongs to the individual or organization from whom you are buying the good or service... or one of the proxies ) (Shameless plug: You can pay me in grams if you subscribe to my newsletter) 4) You can also use a payment service that will take your e-gold and cut a check in national currency to any third party who may not have a gold currency account and therefore is not taking them yet form payment. As for the gold backing the currencies, it is held by Trusts in reputable international vaults. This info is published on both e-gold and GoldMoney sites.

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