What is e-gold?
The name e-gold comes from the fact that electronic transactions were handled through “electronic gold” which was invented by a then-tech geek and entrepreneur Sean M. Gallagher. The system was originally designed for use by international investors, however, in less than a year it was embraced by investors with varying degrees of experience who were looking for a simple but convenient way to buy and sell large sums of gold.
E-Gold was originally denoted by its abbreviation e GOLD. The system itself was designed so that each electronic gold account could be linked with a bank account. That way, one could have his own electronic gold vault, complete with a trading platform, online banking capabilities, a real-time gold quote, and the capability to transfer funds anytime – round the clock. The electronic gold also features “buy it now” features that let buyers pay for goods or services using their e-gold accounts without having to wait around for funds to arrive in the mail. There are also no commissions, fees, or hidden charges of any kind.
As far as how you can get started and get your own e-gold accounts to go, that part is completely up to you. You will need to decide if you want to invest in the e-gold market yourself, buy and sell the goods and services you see available for sale or if you would rather have an electronic cash exchange takes place for you. You can learn more about the electronic gold market from the website below. You may also find some interesting articles, reports, and even gold investment ideas on this site as well. Once you begin learning about the gold market and getting involved, you will soon be on your way to getting the financial freedom you have always been looking for.
What is e-gold investment?
E-gold is a unique opportunity that offers both the investor and the business person a new way to obtain physical gold while opening doors to an ever-expanding world of trading. This exciting new financial paradigm takes advantage of the fact that the gold market is unregulated and free from the constraints of traditional commodity exchanges.
Through e-gold investment, you are able to invest in physical gold that has been “mined” from worldwide reserves, meaning that you never have to worry about buying or selling at a “fair market price”. The investment you make is 100% risk-free because no government body can dictate how, where, or when the gold is stored.
There are many benefits associated with this form of investing. E-gold is purchased and stored as an asset class, rather than like other traditional commodities. This means that the price and supply of this precious asset are not subject to sudden changes, which keeps the investment safe. Also, because e-gold is a “fiat” asset, the supply is guaranteed by the demand for it. Because there is no “central” body controlling the gold market, investors are not at risk of being “manicured” into a gold panic, and the risk of dealing with hackers, fraudsters, or organized crime rings.
Although there are numerous methods of acquiring e-gold, your first step should probably be to visit the website of a reputable company that can help you to purchase this valuable item. Most websites will also provide the easiest ways to obtain a substantial amount of physical gold through e-gold bars, as well as selling products that utilize the e-gold method.
You may wish to visit a site that offers the best information available on the gold market so that you can develop a realistic outlook on its current trends. The goal of the investor, whether he or she purchases e-gold as an individual, through a registered service, or through a registered dealer, is to earn a profit that covers costs and provides a steady stream of income.
Pros and Cons
There are many pros and cons of e-gold investment, with some people making it a high priority while others prefer to have the option of investing in other financial products.
The pros of e-gold investment include the fact that you will be able to diversify your assets and hedge against any economical fluctuations that may occur. This is because the price of gold varies according to the current state of the economy, which means that investors can use this commodity to gain access to gold when the prices are at their highest. They will then sell the gold when the economy recovers, earning profits in the process. The cons associated with this form of gold investment include the fact that you are unable to provide tangible goods or cash for buying them.
This type of investment also has some disadvantages, such as the relatively high transaction fees. Although these are slightly higher than other investment options, the fees are much lower than those associated with purchasing physical gold, which makes e-gold an attractive option for those who are looking to diversify their portfolio without taking on too much risk. However, it is possible to reduce the transaction fees by making sure that all transaction procedures are done through a trading account. The e-gold coins are also traded more effectively over the internet, due to the fact that there is no need for physical possession of the gold itself. In addition, due to the recent increase in demand for gold, it has become easier for buyers to obtain the coins, meaning that the supply will likely exceed the demand, leading to a decreasing price.
The most obvious pros of e-gold investment are the fact that the purchase and sale of the coins are faster than other options. This is also a good way for neophyte investors to learn about the gold market before trying out other investments. If you want to learn more about the benefits of e-gold investment, then you should consult a financial advisor or consult the local stockbrokers. Keep in mind that this is a high-risk investment, so only buy it if you can afford a high-risk investment. If you are planning to hold on to your e-gold for quite some time, then this is probably a good choice.