***EGold Investing.. A Secret of Internet Wealth..

Testimonial from a Beginner Investor that Learned Quickly

I just discovered a way to make money on-line that isn't a scam. i did it at home in front of my computer wearing funky pajamas. The investment was  minimal. I found that anyone can do it once they learn the system and can start with only $1 USD(!) but more is better.

There is some risk, of course, but I feel the risks are minimal enough to make me write about it and share it with others so that they can profit from it too.  There is so much profit made in these tradings that there is enough to go around.

 It deals with buying and selling egold currencies. The procedure for the investment is quite involved and can be frustrating at times. There is a learning curve including new terminology to learn. I believe the effort is worth it. If it were easy, everyone would be doing it, right?  In fact, people are trying to sell information on how to do this for as much as $300!

Also, this is not a get rich overnight scheme. However, given time, and getting the right knowledge and sources the payouts can snowball into something potentially huge! Your income is received through interest (0.1% to 21%) earned every 24 hours. You may invest the interest back into your investment for compound earnings. Depending on how you invest your funds, you can do very well in a few years. I leave it up to you to figure this out. By the way, this is way better than you can earn in any US bank which pays 0-2% per year in a savings account if you're lucky.

First, you have to convert your investment money into egold units. What are egold units? egold is the on-line version of money based on the metal gold. Another way to look at it. Imagine the Internet being a foreign country with it's own rules, traditions, culture and money! If you go into a foreign country, you need to exchange your money to the currency of that foreign country. Rather than pesos, bahts or patacas, the money unit for the Internet is egold.

You can't carry around your egold. You need to keep it somewhere safe but have ready access to it. To do this, you need to open a few egold/ecurrency accounts. The accounts are free to open and you do not have to immediately deposit money into the accounts when you open them.

The reason you open so many accounts is, it makes it easier to move your funds around. Also, websites go down occasionally and, if you need your funds right now, it's good to have other options. At the very least, you should open an eGold account. They are the oldest and most popular. Please note the difference between eGold, the service that holds your egold, and egold, the unit of currency. Don't you hate it when companies call themselves their product? They make it confusing.

Now deposit the money you want to invest into one of these egold accounts. Remember you need a minimum of $1 for this investment. Your money is exchanged for egold. Each service is different in their deposit procedures so check their websites on how to do this. Pay attention to fees, if any.

For example, to deposit money into eGold, you need to use an exchange service. What is an exchange service? As its name implies, it's a service that exchanges money for egold. You use one of these services by depositing your money with them to buy egold and informing them your eGold account number. The service will convert your money into egold and deposit it into your eGold account automatically.

You will get an email confirming this and you can login to your eGold account to verify this. Again, each service is different in their deposit procedures so check their websites on how to do this. Pay attention to fees. Exchange service's fees are usually a percentage (3%-4%) of the amount you deposit. So if you want to deposit, say $100, you need to deposit a little more to take into account the fees. Some exchange services work faster than others. Some will take a few hours. Some will take a few days.

It will also depend where you are located in the world..

Note: Your biggest first hurdle will be opening the egold accounts, converting your money into egold and deposited into one of the above accounts. This is because you are out of your comfort zone and everything is strange and new. Don't worry though. The hard part is getting it into the system (Internet). Once your egold is in the system, you will see it is easy to make money with it. This is a classic corridor effect. You will see more, once you get this far. But you will have to go this far in order to see it!  Just reading about it won't do. The best way is to jump in and do it.

Why Are We Doing This? The Point!

You make a profit by lending your egold to merchants in the gold market for short periods of time (i.e. 24 hours or more). You do this by buying digots which is short for digital gold. For your loan, you get some interest (0.1%-1.5%) earned on your money. You do this every 24 hours. You may reinvest any profits for compounding earnings to occur. Since you are lending, your egold is safer than if you were just speculating in gold. It should be safer anyway since you are going for the interest payments. This is a long term investment and the payouts are potentially huge.

This is the simplified, easy explanation about this investment. There is much more to learn especially the terminology which I have barely glossed over here. But I believe the effort is worth it. The gold is there. Have fun!