Source: Wikipedia
E-gold is a digital gold currency operated by Gold & Silver Reserve Inc. under e-gold Ltd., and is a system which allows the instant transfer of gold ownership between users. e-gold Ltd. is incorporated in Nevis, Lesser Antilles.
According to the company's website, as of September 2006, e-gold had 111,779 oz (3,465,149 grams) of gold and 138,567 oz (4,295,577 grams) of silver in storage, which is worth approximately US$86 million. There are typically 66,000 e-gold spends each day totaling 15,000 oz (460 kilograms), which is about US$10.5 million. There are over three million e-gold accounts of which about one quarter is active.
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