E-gold Manager is a monetary (payments) system which enables the use of gold as money. Gold & Silver Reserve, Inc. administers the system, and oversees an inventory of gold coins and bars held in allocated storage by third party custodians. A quantity of E-gold Manager in your account constitutes title to a precise weight (fine) of this physical gold. This means 100% backing with physical gold for the quantity shown in your account.
The primary function of the system is to facilitate payments, in gold (or silver, platinum, palladium), between E-gold Manager customers. A secondary function is for E-gold Manager customers to make payments to entities who are not E-gold Manager customers. For this purpose, the E-gold Manager system can be instructed to send payments in government money to specified entities, e.g., to pay bills. The following currencies are catered for: USD,EUO.
A secure, convenient interface - Account Manager - is provided for customer entry of transaction orders. All cleared transactions entail an increment or decrement of one's e-metal balance. The system calculates exactly how much metal belongs to each particular customer by adding all such credits and debits.
There is no cost or fee involved in opening an account. There is also no obligation. There is a small transaction fee on all transactions between E-gold Manager customers, currently 1% (with a maximum of 50 cents). There are also reasonable costs involved when converting to or from government currencies, and when switching between metals, e.g., converting gold to silver.
E-gold Manager is not merely wishful thinking, it is a reality available to you today.
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