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What is e-gold?
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e-gold is a monetary (payments) system which enables the use of gold as money. Gold & Silver Reserve, Inc. administers the system, serving as bailee for an inventory of gold coins and bars held in allocated storage by third party custodians. A quantity of e-gold constitutes title to a precise weight (fine) of this physical gold. The primary function of the system is to render payments, in gold (silver, platinum, or palladium), from one customer to another. A secure, convenient interface - Account Manager - is provided for customer entry of transaction orders (see Synopsis of e-gold Transactions) . 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.
*** To obtain or use e-gold you must create an e-metal Account. ***
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