Quote:
Originally Posted by smarty  Since I am now thinking to join eGold,
I have a few questions regarding it..
1. Does it need to be verified by a credit card like PayPal??
2. What are the transaction processing fees?
3. What amount do they take to withdraw a cheque?
4. Can the cheque be encahsed?
5. What are the currencies available? |
I'm pretty sure you don't need to be verified.
e-gold charges an account fee (or "agio Fee") of 1% per annum (deducted in monthly payments) on all e-metal stored.
Spending e-gold is free, with processing fees (or "spend fees") deducted from the recipient. As of 2007 these spend fees vary on a sliding scale from about 5% for spending 0.1 grams of gold to 1% for 5 grams of gold. Over 5 grams of gold, the fee is capped at 0.05 gram of gold (about $1.48 with gold at US$922 per ounce).
I think there's a $2-$3 fee for checks.
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Gold (XAU), silver (XAG), platinum (XPT) and palladium (XPD) each have recognised three-letter international currency codes under ISO 4217.