Forum Moderators: buckworks
But, why do you want to make that your only method of payment? It's been around for ten years and many people still haven't heard about it.
If gold bullion is what you want, you'd most likely be better off accepting credit cards or PayPal, etc. as payment, and then buy gold bullion with your earnings. You'll probably end up with more gold that way then if you accept only e-gold payments.
I'm guessing it has to do with tax avoidance or money laundering
I think that's it. Next question: E-gold is a Panamanian corp. I don't see any certification from a major CPA firm on their site.
Only this bizarre statement:
"No metal may be removed from storage or any other disposition made without the signatures of both e-gold Ltd. and a third party Escrow Agent of good reputation.
Who's behind E-Gold?
How do you know the gold is really there?
Who's their CEO?
Who's this "well-reputed" escrow agent?
"Bullion storage
As of November 2005, it is unclear if e-gold has an independent auditor of the physical bars, so there is no way of knowing if e-gold Ltd. really has the reserves to back the currency in the e-gold system. e-gold does maintain an "Examiner", a web page with updated statistics on outstanding liabilities and the total amount of each precious metal in its holding [21]. While proponents generally consider this assuring enough, some critics remain skeptical."