I heard that the value of e-gold fluctuates and you can earn big profits from them by investing and unloading at the right moments..? Is it true and if yes then how does it actually works.
You egold funds are in gold denomination. If the gold value appreciates, your elgold funds correspondingly appreciate. However if the gold value depreciates, your egold funds also depreciate. You must be a good speculator in order to earn from this mechanism.
Actually E-gold is being suspected from U.S for money laundering and I am really afraid they will close soon ! This is my personal opinion , i dont know whether its true or not so be careful whether you want to have e-gold or not !
Egold has been a favorite payment processor of scammers. One reason is that you can open as many accounts as you like. Egold does not have any screening process for new egold accounts. Because of "laxity" in the process of acquiring an egold, it has been abused by scammers to serve their own vested interests.
I would not invest too much in e-gold right now if I were you because of all the trouble with the government. It is also as exculiber, every scammers favorite. It has low fees for transfers tough compared with paypal..
But if you want to cash out with e-gold, you need to contact a third part who can buy your e-gold for real cash. There is also a lot of exchange sites online where you can exchange e-gold with real cash.
How does E gold Works
Linear Mode
