Am I only one having this problem? I recieve payments from people and friends... But egold goes down... Is the prices of gold so low that much?

No u r not one.
It depends off worth of the gold if gold goes up your money goes up if it,s down yoyr earnings also but it will newer go to 0.
For your info.
Last month gold droped from 380 to 350 so i'ts 7%
Min gold worth ewer was apoximetly 250 per oz so it,s no bad.

My money has decreased with about 4%

Yep, mine is decreasing too.
If it decreases too much more, i'll end up owing them! :ph34r:

loooooooool

The price of gold dropped this morning by about $0.50 per oz, which will explain the drop in people's egold accounts, I havent seen the gold prices yet this morning.

Also, remember that egold charge a storage fee, which could be another reason why it's gone down.

yeah my e-gold went down from $3 something to 6c!! thought i was hacked, then i checked the history and i paid hkarl 0.30 grams instead of cents! so now i'm waiting for him to come online, lol.

oops

Yep, my gold has dropped big too

I keep on recieving payments from investments.. but it doesn't look like it when I check my balance cuz of the drop in value of gold

I used to have that problem also. Now mine goes up usually 1 cent.

It seems that you do not know exactly about e-gold (Sorry if I am wrong).
Currency in e-gold is backed by gold, not by USD. So, your money can greater or lower because of Gold price.

Thank

Lol you are wrong!!!

I know but just was wondering that it dropped alot this period...

I was wondering if I was getting hacked Hacked by egold system

Actually v2gold, that is where you are slightly wrong. Even though gold prices affect the prices within egold, they are indirectly affected by the USDollar and the market, and with the prospect of war the prices are fluctuating quite badly.


If you see it drop sharply one day, look out, it means someone just did a major dump of gold onto the market and if that's the case it can only mean someone is backing something major...

I think you'll probably find that the massive fluctuations in the value of e-gold are a direct result of the current political situation with the pending war on Iraq

just something that can be overlooked, I know that in a number of areas around the world the prices of oil have gone through the roof and with that kind of thing it's the natural reaction that the stock market becomes weary and as such the value of gold bullion drops

so it's simple really to get the value of gold back up we need to bombard George Bush and Tony Blair with hate mail to stop them from going to war

maybe this is the flaw of e-gold... too much flucuation. US dollar more stable.

It's completly inversly. If there is high risik of war the gold price goes up.
Nearly a month a go the gold was most expensive since 2 years but in past month it goes down.
Gold is one of most safe assets.
If there is war stock exange goes down and the gold goes up.

There is something your missing there rayang. Who holds alot of gold bullion?? the US government and US banks..... who needs lot of money to fund a war far away from home??? you guessed it.. so they are probably selling off gold reserves to fund some of this, to get liquid cash. as are investors, who are probably investing in.... OIL! because soon as a war starts the price of oil will sky rocket. Also worthy of note - gold has been on a high for the past 6 months, the going rate for most of last year was around $320, it has been a bullish market artificially driving the prices up since december. What goes up must come down.....

Once the war starts, gold will steady and maybe even rise as investors get back into the most solid currency ever in the history of the world (keep your US$ lol).

if you cannot handle the fickle nature of egold, maybe you should stick to stormpay and paypal (no offence intended). remmber sometimes you might gain as well as lose.....

kingkano

i have a negative amount in e-gold. for storage fees for last month. i thought if i had a 0 balance they couldnt charge me?

That's weird..

Make a new account, and pass the debt over to them..

That is weird, I would actually be contacting them.

Leaving them a debt when they know your home address is not good, they can send you the bill.

i'll contact them now. i can't delete it cuz its my bubble money account. and how will i get paid then??

yeah they can take stuff away... if you have 10 ounces there from Feb 2 through Feb 27, and then switch it out on Feb 28, they'll still take ~ 1/12% of 10 oz, which could put you below zero.

where did you get your economics degree from?

the price of oil has gone up because a war on iraq would all but cease supply from (i believe) the world's second largest petroleum-producing country

this is linked to a drop in stock prices as oil is often a key cost to many large companies - directly through petrol for vehicle fleets etc or indirectly through inflation and related wage demands

however, if anything, a drop in stock prices means an increase in gold prices as investors and 'speculators' move their money from one asset into another


as for the suggestion that the us government is funding the war with gold, that is highly doubtful because the fed would almost certainly have disclosed that, and they haven't... and it makes no sense to sell gold to convert to us dollars to spend immediately on a war... such a practice would only make sense if you planned to hold the us dollars

where did i get my economics degree? i don't even have one so perhaps this is all wrong

okay lol

thats what e-gold told me.

they take the average of what i had. storage fees were for feb. okay so now i know.

they said when i get more money in the account, it will adjust.

hooo!! my e-gold used to dropped 20 cent within 1 day. yesterday i have 7.01 in e-gold account. but it has already dropped same as the day before. i think it possible the event USA and IRAK..