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1. E-standards of Gold

3. Well forgotten past

5. And if at world economy level such system suited
everybody, the genetic memory of each person
periodically prompted him that the paper banknotes
laying in his purse and digital record on his plastic card
should be basically backed with something valuable and
material. As the result in 1996 the founders of E-gold
company Douglas Jackson and Barry Dony opened a new
stage of a gold monetization history. The idea was
extremely simple - people will believe in electronic money
and will use them much more willingly if the money is
provided with gold. The funds receipting on account of E-
gold system converted in this metal by default. But while
diversifying its services, the payment system also provides
an opportunity to back money on the account by other
precious metals, such as silver, platinum and a palladium.

6. The history of E-gold payment system development is only
ten years old, however the company has already passed a
way from conceptual idea of payment system to world
service governed by American company Gold and Silver
Reserve, Inc. Its one day turnover is more than 1500000 $.
Such popularity is caused by the fact that in case of
becoming an e-gold system user the any physical or legal
person has an opportunity to perform effective financial
operations and calculations, because after funds transfer a
simple redistribution of the rights to precious metal occurs
while its physical location does not change. According to
Gold and Silver Reserve, Inc. the e-gold gold reserves are
in Brink's Global Services, Transguard Security Services
and MAT Securitas Express AG storehouses.

9. Confidence crisis

10. Every year E-gold was firmly holding the pedestals of
world financial Olympus and became a reliable and
habitual tool in the hands of its users. But simple and
functionally working system by means of which one can
control the storage and movement of cash flow, begin
drawing the interest of swindlers and the persons that
want to finance and to remain a mystery as well as
hackers and fishers.

12. But the main victims that suffer from various operations
and frauds with e-gold system are states, legal persons as
well as the population which has got into financial
pyramids, created on the basis of considered payment
system.

15. And on January, 13, 2006 the USA district court has made
a decision of cancellation of measures on freezing
accounts of Gold & Silver Reserve, Inc, in view of absence
of inculpatory evidence of system e-gold in law
infringement acts. On the contrary Gold and Silver
Reserve, Inc has insisted on bringing out of its case beyond
the court to carry on the dialog with the state publicly and
to expand a zone of the presence in the market of
electronic payment systems.

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