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C-Gold

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C-gold.com is a gold-backed (and redeemable), electronic book-entry system that serves as a platform of free and voluntary commerce and exchange between users, denominated in grams of gold.

Minimum transfer: $0.01, fee is 1%, minimum fee $0.01 and maximum fee $16 per transfer.
To add or remove funds from C-Gold system, you must use one of the independent exchange providers.

Initially c-gold.com is being established as an online presence, with gold being stored for the users at premises owned by the company and/or at convenient locations provided by third-party contractors.

Anyone who is of legal age in his country of residence can open a c-gold account and operate it to receive and make payments to any other user.

To obtain a balance of gold (G) into their respective c-gold accounts, users can either receive payments from other users who already have gold in their accounts, or they can deposit bullion bars with c-gold. The minimum bullion deposit will initially be set at one kilogram of 999.99 fine, hallmarked bars, but with a growing user base, smaller minimum weights and also several specific types of bullion coins will be accepted.

Another way for users to obtain c-gold is to use the services of independent, third-party exchangers, who will pay c-gold into user accounts in return for fiat currency payments.

c-gold.com

Posted on 2010-08-05 21:47 by najwapetir

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