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What is e-gold & how does it work?

E-gold or eGold was a digital gold currency operated by Gold & Silver Reserve Inc. (G&SR) that allowed users to make payments, which it called "spends", in grams of gold, silver, and other precious metals. E-gold was launched in 1996 and grew to five million accounts by 2009, when transfers were suspended due to legal issues.

Who owns e-gold?

E-gold was founded by Douglas Jackson, an oncologist, and Barry Downey, an attorney, in 1996. The pair originally backed e-gold accounts with gold coins stored in a safe deposit box in Melbourne, Florida. When e-gold was at its peak, the company stored its gold and platinum in bank vaults in London and Dubai.

How much gold is backed by e-gold?

At E-Gold's peak, the currency would be backed by 3.8 metric tons of gold, valued at more than $85 million. Continued from page 1

La première plateforme de trading de cryptomonnaies au monde

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