|Digital Gold Circulation Rises to 2.5 Tons|
|Reuters News Wire (firstname.lastname@example.org)|
Tue, 9 Aug 2005 09:31:53 -0500
Internet payment system e-gold now holds around 2.5 ton of gold, an|
increase of 40 percent since 2004 and more than the official gold
reserves of countries like Chile and Luxembourg.
"The e-gold system has now surpassed 27 out of 109 gold-holding
The system (www.e-gold.com) allows people anywhere in the world to
A Canadian, for example, can pay a German the correct weight of gold
The system currently processes over 10 million user-to-user payments
According to e-gold's Web Site, the most frequent gold spend over the
Spot gold currently trades at around $433 an ounce.
But the amount of gold involved is still only a fraction of bullion's
Copyright 2005 Reuters Limited.
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