e-bullion.com
www.e-bullion.com The e-Bullion Company brings to the table a number of excellent features including numbered debit cards, redundant servers in different countries, and competitive fees. I feel it is the safest e-currency system to use of all that are available on the net.
Announcement which means they have removed
themselves even further
from the outreach of big brother .
From: e-Bullion® Company
Sent: 08/09/2004 19:11:58
Subject: NETWORK RELOC - NEWS - 08.2004
NETWORK UPDATE - ADMIN NEWS. Please be advised, Administration and Technical
Div. have been working on a project (for some time now) to update and re-locate
portions of the e-Bullion network. The project involves update
of the redundant servers as well as re-locating the Primary Server Network to a
new location. Tech Div. will make an announcement when outages are required and
Tech will keep all outages to a minimum to ensure account access &
availability. Over the next few weeks e-Bullion PRIMARY-Servers will be moved to
a new location in Switzerland (CH) and redundant servers are scheduled to be
updated as well. The end-result (once all phases are complete) will be that the
e-Bullion network will no longer maintain any Primary or Backup servers or
databases in North America. E-Bullion Corporate governance will remain as a
Panamanian-structure with primary databases located in Switzerland, and
redundancy provided via multiple Server-Networks located elsewhere
throughout the Globe. As the work progresses Admin and Tech will keep users up
to date on progress and or any scheduled outages which may be required.
Thank you for your time and consideration and for choosing e-Bullion.com
Although e-bullion now has no fees to get money
INTO their system, they now charge a 2% ecurrency withdrawal fee or a 3% gold
withdrawal fee to either put the money onto your debit card or withdraw your
funds in other manners.
You CAN convert gold to ecurrency at a 3% loss or ecurrency to gold at a 2% loss by calling them at 1-805-482-1460 and they will give you the GoldfingerCoin account number to spend to for such a conversion. They do NOT do conversions every day, which is why they want you to call them first. Put in the memo box of your spend, "Please put $300 ecurr into acct A205xxTom Jones".
NOTE!!! You can obtain withdrawals from the e-bullion system via a check for or via a bank wire for only $25 inside US and $45 international(plus the 2% or 3% withdrawal fee). There are no transfer fees to go from one e-bullion to another e-bullion account; but a $5 flat fee, not a percentage, plus the 2% or 3% withdrawal fee to transfer your e-bullion money onto your e-bullion debit card. The downside of the debit cardis that you have to have a US address to get an e-bullion debit card although it works in any country.
I use www.goldage.net for all my transfers from ebullion to other ecurrencies and vice versa
E-Bullion is considered better than E-Gold in my opinion because they undergo quarterly auditing to verify they have enough gold in storage to backup the accounts. They are far less susceptible to hacking than e-gold is. E-Gold is an excellent place to lose your money to hackers; it is a hackers paradise because nothing ever happens to them there. E-Gold will NEVER help you get your money back. And many programs are choosing e-bullion OVER e-gold because of better service as well as MUCH less chance of hacking (theft of your funds in your account by people able to access your account illegally) ; especially if you use the crytpocard technology at e-bullion..
Bulletproofing your account at
E-Bullion
E-Bullion has this device called a cryptocard you can buy from them for $99. It
can be used for up to two different accounts. It is a little hand held
calculator thingy with a numbered keypad. When you log in to your account via
your computer you just enter your account number and click enter; you do not
enter a password. On your computer screen then appears a number you enter into
your cryptocard keypad. Push a button and the device gives you back another
number. This you enter in on your computer as your passphrase to enter your
account at that time. The cryptocard device generates a new and unique
passphrase each time you enter your account. Unless you have the device in your
possession at the time you enter your account, you won't get in,EVER!
I have NEVER
EVER been hacked at e-bullion (with or without the cryptocard device) and I now
have ALL the accounts I work with cryptocarded.
Multiple Batch Transfers
This is especially useful for
those people operating payout programs needing to spend small sums of money to
many people. You create a file first in microsoft excel that contains all
the info you need to make the spend to all the people you need to make a spend
to, including what you want stated in the memo box of each spend. You next
convert this file to .csv format. There are simple instructions on the
e-bullion site as to how to do this. When you want to do the spend to all
those people you login to your e-bullion site, select "multiple batch
transfer" , browse to the .csv file on your computer you used to program
all the spend info into and with one click of the mouse you can automatically
spend to all those people without having to do individual spends which is very
time consuming. It still costs you 25 cents a person to make the spend, but it
can all be accomplished with one quick keystroke.
Debit Card
The E-Bullion debit card is a good deal at $35 and only a flat $5 and not a
percentage to fund the card from your e-bullion account direct (except for the
added 2% ecurrency or 3% gold withdrawal fee); BUT it has the
limitation of $1000/day withdrawal and $3000/5 day period so you can only take
$18k per month from the card. But you can also set your wife up with an
account and a debit card and make that $36k/mo. And you can take out
multiple debit cards. The downside is they do not have an international card
available and you have to have a US address to get one; even though the card
works internationally very well. Can't live on that??
See www.detailshere.com/cashcards.htm
for a card you can withdraw $60k/mo from but with increased loss of funds in the
process.
The Company
The Panama Corporation is headed by CEO Jim Fayed, a name long known in gold
bullion circles. The company is administered by Goldfinger Bullion Reserve
Corporation (GBRC) which is headquartered in Wilmington, Delaware, USA, and has
been in the gold bullion business for quite some time. Goldfinger holds bullion
in treasury-grade vaults in Los Angeles, Delaware, Zurich and Australia.
When asked who the shareholders and directors of the company were, the company
spokesman said that e-Bullion is privately held and intends to keep that
information confidential. But he did make the point that the directors of the
Goldfinger Bullion Reserve Corporation, which administers the e-Bullion's
operations, have over 45 years combined experience in the gold bullion business.
The Backing
The e-Bullion Company is unique among digital gold currency providers because it
allows customers to bail in gold coins, such as American Eagles and South
African Krugerrands. The competitors in this field thus far accept only 400
ounce gold bars.
While e-Bullion does accept coinage, the majority of their holding so far is in
Hallmark 400 ounce bars; whereas GoldMoney and e-gold use London Good Delivery
bars. Hallmark and the London Bullion Market Association are organizations that
certify the fineness and weight of a gold bar to be exactly what it says on the
stamp. In order to bail a foreign gold bar into one of these organizations it
must be melted down and recast by one of their refiners so they can certify its
purity and weight. Hallmark is a US refiner and semi-fabricator, whose cash gold
price has long been widely used as the "wholesale" price in the
jewellery trade in North America. The group has refineries in Attleboro, Mass.,
Phoenix, Arizona, South Windsor, Conn., and Villa Park, Illinois, and is part of
The Golden West Refining Corporation. Hallmark bars are accepted by the London
Bullion Market Association.
The e-Bullion Company also offers accounts backed with silver bullion.
The Transaction System
The e-Bullion Company takes great pride in their secure transaction system which
has backup servers in three countries, including the United States, Panama, and
an undisclosed location in Europe. The home page boasts,"Our server is
located in a disaster-proof facility and colocated with dedicated bandwidth and
rack space for expansion plus 24-hour around the clock Tech Support monitoring
and built-in systems redundancy." This statement probably refers to the
former US military base headquarters in Panama that has been converted into an
underground datacenter where some of the company's servers are co-located.
Transactions on the system are made via the Internet using 128-bit Secure Socket
Layer (SSL) to encrypt the transaction details from the user's computer to the
transaction server. Transactions are made with an account number and password
similar to competitors e-gold and EvoCash.
Pricing
They don't charge anything to make transfers from one account to the other
within the system and claim they don't assess storage fees but they do charge a
$4.20/fee called a maintenance fee on each account. You can avoid this fee by
having zero dollars in your account at the end of the month.
Governance
e-Bullion offers real-time statistics on their web page showing the amount of
E-bullion in circulation and the quantity of gold and silver bullion in storage.
Privacy
The company makes a strong point on their website that they offer the
"privacy of cash." When asked how this can be possible with an
account-based system, the company spokesman explained that since the corporation
and servers are located in Panama, which has very strict privacy laws, they can
garuantee that they will not give up transaction data to any foreign government
or individual. The company's claim seems a bit exaggerated in light of the fact
that the Goldfinger Bullion Reserve Corporation has assets and directors located
in the United States. One has to wonder how well that conviction would hold up
under pressure from the US government.
The company does not offer true digital cash (which is anonymous) at this point.
It might be more accurate to say that they offer "the privacy of a Panama
bank account."
Debit Cards
E-Bullion offers a number only debit card for only $35 fee in
US (you need a US address to get one but it can be used anywhere around the
world). This card is a numbered debit/ATM card offered through an
offshore card processor that can be used at any ATM machine around the world.
This card
does not have the users name on it, which appeals to people concerned with financial privacy.
Service
One point where e-Bullion sets itself apart from the crowd is the fact that they
offer one-stop account opening and funding at their website. Normally this is
considered risky business, as you don't want the digital currency to be
associated with the risk that exchange agents have to take.
But in this case, the exchange agent is Goldfinger Bullion and Coin, which is a
separate company from e-Bullion. So, you can open and fund your account with the
same web site.
e-Bullion also offers high quality "person to person"
customer service, something that some its competitors have not been known for.
You can call them anytime (1-805-482-1460 in California ) you need to and get to
talk to a real person, unlike most of the other ecurrencies, especially
egold.You can also email them at support@e-bullion.com
Commentary
You can tell with one look at their web site that The e-Bullion Company is a
class act. It appears that some of the larger players in the world gold markets
have taken note of e-gold's success and are now entering the arena with their
own offering. E-bullion is the only digital currency to date that has multiple database
mirrors in different countries.