e-gold

Ironic that natasha snipped-for-privacy@ntlworld.com spams a newsgroup and uses a munged address so as not to get spam.

What's E-gold anyway?

Tiddy Ogg.

Hi,

Dunno about e-gold, but if it is gold u r look> >

E-gold is a clever scam whereby punters are "sold" gold over the internet. You don't buy actual gold which will be shipped to you so that you can hold it in your hand, polish it, and keep it in the safe in your wall (concealed behind a fake Turner or Rembrandt) bringing it out only on special mammon-worshipping occasions.

No, you buy "certificates" which register you as "owning" specific quantities of gold which the scammers keep "safe" in their own vaults (in Nigeria, of course - where else?), so nobody will know whether the gold *really* exists.

I think they must have picked up the idea from the market in fake real estate, in which whisky firms sell you square inches of peat bog.

But this is even worse, because you don't even get nice parchment certificates, all you get is electronic certificates, and, let's face it, anyone can string a few numbers together and "sell" you them.

Thanks. I'll just stick to buying plots of land on the moon, then, and having stars named after my family pets.

Tiddy Ogg.

Scammers breed illiterate spammers, eh?

Tiddy Ogg.

well I do know that bullionvault works ok as I withdrew all the money and profit and it arrived in my account quite quickly.

If you really want to invest in Gold without physically buying and storing it, a good option right now could be to look at the new Gold Tracker fund launched by ETF Securities.

This aims to track the Dow Jones/AIG Gold Index.

See:

mrcheerful . wrote: