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Old 19-10-2005, 03:35 PM   #1
justGeorge
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Default E-Gold as an investment?

Hi,
Was wondering if anyone is investing in E-Gold.
I was checking the Kitco graphs and calculate that Gold (and E-Gold) has increased in value by about 180% over the last 5 years and about 12% over the last year. These are not bad returns and it's ramping up.

I think someone touched on this awhile back but I can't find the post.

Obviously not high returns compared to 1%/day (365%/year), but compared to the .15%/year I get on my checking acct it is huge.

g
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Old 19-10-2005, 04:46 PM   #2
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Do you mean, buy e-Gold and let it stay in your account?
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Old 19-10-2005, 05:03 PM   #3
justGeorge
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yes.
buy E-Gold, hold it, cash out when the value is high.

g
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Old 19-10-2005, 05:16 PM   #4
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it's too risky. However, gold price will rise and rise in the future but who knows what will happen with egold in lets say next 5 years..
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Old 19-10-2005, 07:53 PM   #5
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Yup to risky, at times the price goes way down also. So you really cant say.
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Old 20-10-2005, 02:00 AM   #6
justGeorge
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Don't see that it's risky.
Seems to me to least risky of all.
You can choose when to buy and when to sell.
And it's been increasing in value for the last 5 years.
Imagine a currency that increases in value over time, the opposite of inflation.

E-Gold is the currency of choice in HYIP-land, if it went down then wouldn't this game be pretty much over anyway, as very few hyips would survive?

Strange day to be saying this as E-Gold site was down today.

Actually would have been a good day to buy E-Gold as the price plummeted..but site was inaccessible. I think just a coincidence or maybe some cause and effect at work there.
g
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Old 20-10-2005, 07:30 PM   #7
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I don't see it being risky as well, in fact I'm very interested in buying silver in e-gold instead of gold
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Old 20-10-2005, 11:42 PM   #8
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For sure that it is better than having your money in the checking account, if the gold price keeps going up could be safe investment, but if it goes down.....
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Old 21-10-2005, 05:31 AM   #9
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Well ya i guess better than leaving it in checking.
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Old 21-10-2005, 06:29 AM   #10
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Buying e-gold solely for the purpose of having it as an investment, I think, is not a good investment. The bid-ask spread, the buying and selling price quoted by e-gold the company itself, costs you about 5-10%, when you convert it back it costs you another 5-10%, when you convert it into your national currency you pay another bid-ask spread. In all just buying then converting it back into your national currency puts you in the red by about 30%.
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