Can some kind person help me out? I need a small quantity of e-gold for
an on-line project but can't afford to buy from a wholesaler which is
usually a couple of hundred dollars minimum so I'm told.
my e-gold account is 3820267
thank you a lot
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.
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.