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e-gold is a digital
gold currency operated by Gold & Silver Reserve Inc. under e-gold
Ltd., and is a system which allows the instant transfer of gold
ownership between users. There are over three million e-gold
accounts. About one quarter of those are active.
As of May 2006, e-gold had 3,784,689 grams of gold in storage,
which is worth approximately $86 million. There are typically
66,000 e-gold spends each day, with a total value each day of
about $10.5 million (that is, about 460 kilograms of gold). In
comparison, PayPal handles transfers of approximately $60 million
per day. |
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