What is E-Gold?
Egold is the most popular e-currency that has been in use since 1996. It is widely acceptable and used by millions of people worldwide. E-gold is backed by real gold stored in vaults in different parts of the world. If you have $20 in your egold account, it means you actually own $20 worth of gold at the prevailing market price.
E-gold is an online payment processor similar to PayPal. There is one big difference between them and PayPal and that is E-gold pays is gold bullion that can be converted to cash whereas PayPal just pays in cash. Keep in mind though that the current prices for gold dictate the conversion rates. One day your gold may be worth a dollar and the next day it might only be worth fifty cents. They also offer silver, platinum and palladium bullions. For more information, look here: http://www.e-gold.com/unsecure/qanda.
