Internet payment system e-gold® circulation surpasses gold reserves of Luxembourg

Internet payment system e-gold® circulation surpasses gold reserves of Luxembourg

e-gold announced today that it has surpassed 2.5 million fine grams of gold in circulation, a 40% increase since 2004. At this level of gold holdings, e-gold exceeds the official gold reserves of 27 countries including Albania, Hong Kong, Uruguay, Qatar, Chile, and Estonia as reported by the World Gold Council. e-gold now processes over 10 million user-to-user payments annually with a value exceeding $1 billion USD.

Dr. Douglas Jackson, e-gold’s founder, stated that, “Each time e-gold surpasses the gold reserves of a sovereign nation we regard it as a significant milestone. The e-gold system has now surpassed 27 out of 109 gold-holding nations and is on track to exceed Canada’s gold reserves by year-end. e-gold’s sustained growth in reserves and transaction volume indicates the growing acceptance of the e gold system for Internet payments. e-gold has the critical mass necessary to meet the needs of any consumer Internet payment or user-to-user funds transfer.”

About e-gold:

e-gold is an alternative payment system that mobilizes the value of gold, as money, for Internet payments and funds transfers. e-gold builds upon the fundamental strength in proven customer demand for gold as a secure store of value. All e-gold is backed by a 100% reserve of physical gold in recognized repositories. e-gold offers customers a secure and robust payment system that operates globally 24/7 and assures finality of payment with no chargebacks. The system features easily implemented merchant payment interfaces and supports micropayments. Operational since 1996, e-gold has settled over 47 million transactions, serves customers in 165 countries, and holds over 2.5 metric tonnes of gold.

For more information visit www.e-gold.com or e-mail jray {at} e-gold(.)com