E-gold Exchange Agents Are Now Gouging Their Retail Clients

Should you hold on to your e-gold and wait out the storm or sell it?

Many digital metal customers are holding on to their gold which may turn out to be the smart move. However, some users have no choice but to sell frequently because the cash flow is a big part of their legit daily business. Trying to sell e-gold today at major exchangers today is costing anywhere between 5% and 50%.

I have a good friend who accepts e-gold for his very successful online business. Since the allegations were made by the US government some weeks back, many of his clients have been spending e-gold and adding value to their online commercial business accounts with his company. This spending has created a much larger than normal balance in his daily company account.

At present, my friend’s e-gold business account is overflowing with more digital value than ever before, only he is now facing some very high rates for outexchange.

Here are some examples of independently operated digital metal exchange agents. Me-Gold is now charging 50% on any outexchange of e-gold, other well known agents are at 15% and the list goes on. Thankfully, it appears that Graham over at GoldNow.st seems to be still level at 5% for any outexchanges. Additionally, existing retail consumers seem to be having a hard time on any exchanges with OmniPay and I’m not even sure they are still working directly with the public anymore.

OmniPay is NOT winning the prize this month for customer communications…. I think the question in my mind, at least today is….will OmniPay even be around in June?

This is pretty outrageous and clients are writing me to ask if I can try and prevent price gouging. Sorry, but this is DigitalMoneyWorld not the BBB and I can only point out to agents that there is a karmic balance in the universe and greed can come back to bite you.

This reminds me of how some petrol stations in the US were charging almost $5.00 per gallon just because it was the first day of Hurricane season. Where is that crazy bald lady from the TV infomercials, we need someone to yell, “Stop the insanity!”

5/16 UPDATE: https://www.e-forexgold.com/ is reported to be exchanging at their usual reasonable rates with just minor delays, please visit them for more info.