April 29, 2011

More on E-Gold

You are now probably thinking “I guess I understand how this E-Gold think works, but how do I buy this gold for my account and how do I get it back to ready cash and HOW SOON can it be done?”.

Well, don’t fret because the answer to your question is the very reason why e-gold has become as popular as it is today especially with international Forex traders and Internet business men.

Who will buy my gold?
There are many companies whose business is to buy and sell gold, thereby converting it to cash. Better still, there are many local versions of these companies.

For example, several companies in Nigeria will allow you to pay money (in naira) into their bank account here in Nigeria. This money is then converted to its equivalent in gold and used to fund your e-gold according to their exchange rate.

My personal recommendation for buying and selling e-gold is Dempaynigeria. I have found them to be very reliable and their rates are actually the lowest that I’ve come across so far. They will usually fund your account within 24 hours. They also have a sister company, who will buy gold from you and pay you in naira.

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