My Hyip Escapade - eGold Issues

eGold Issues

By Casey Lim, on 26-08-2008 11:35

Published in : HYIP

Sighhh...

Have been so busy trying to make money online that I completely miss out on the happening so eGold.

1. A New Beginning
2. e-gold Team Pleads Guilty, Case Over But Biz To Survive
3. E-Gold Founder Pleads Guilty to Money Laundering

I just got reality to hit me hard, because of all this many exchangers have stopped making out exchange for egolds and those who would be doing that exchange are offering crazy crazy rates, like 90% to 95% service fee.

Damn!! Now my egold is stuck and the value of my egold is almost close to nothing...

And I thought I was happy and proud that I manage to come out in profit when I restarted playing my HYIP escapade.

This sucks... and it really sucks bad.

Nevertheless, I believe there should be an opportunity somewhere in this situation. As an old Chinese saying goes, 'With crisis comes both danger and opportunity'.

This is Chinese Character for Crisis, and each means danger and crisis.

WIth egold in crisis at the moment, there is a danger in losing ones value of gold, but on the other hand there also should be opportunity that exist in this situation.

Having known what the danger is, which is losing the value of my account, I also thought if there were any opportunity that might come out of this situation with egold.

Now it has been said that, eGold will revamp their policies to be in line with rules and regulations set to deter money-laundering ,child pornography and all the other vices which has eGold got stucked with all these years of operation.

So they set a deadline to complete the policies reforms by November 2008 which hopefully carries some weight in the sentencing of the three directors who pleaded guilty. (Their sentencing would be on the 20 November 2008)

With that in mind, I believe eGold should get itself back on track in the next few months and hopefully by then the price would be stable and improve once again.

Now I have notice that there are some people or rather exchangers who would not mind holding on to eGold, before firstly it has already been backed by gold, without a doubt even though, the founder and it's directors are or will be in jail, life SHOULD go on with egold no?

I mean, the gold that we are suppose to have in forms of digital currency just can't disappear right?? Unless, some fucked up government will confiscate it and take it for themselves. Or if egold currency was never backed up with gold.

Anyway, according to Douglas Jackson, the gold reserve are stored in Europe so the US gomen might not be able to touch it.

So, it is HIGHLY LIKELY that eGold would stablize itself and so will the price or exchange rates provided by the eCurrency exchanger.

With that in mind, I believe it will be an opportunity to start accumulating slowly some more eGold and then hope to sell it come end of the year when price would be good.

The simple principle of buy low sell high...

Does that sound like an opportunity to you??