The following is off the cuff and probably wrong in some areas:
> Where physically are the e-gold accounts kept?
Probably on a server in Florida (of course if it was UNIX it could be
anywhere, but it seems to be micro$slop and last I heard there are some
administration duties that can't be done remotely).
> Which country are they [the bars of gold] kept in?
Apparently in Canada in a well respected vault. I think it says where in
the site's faq's or Agreement.
> Do they classify as an 'offshore' accounts'?
Define offshore. Then define 'accounts', then define 'offshore
accounts', then let me know :) But to get to the meaning of question, I
think the IRS wants to know about 'bank accounts'. (I am sure they will
loosen this definition soon.) Your e-gold account is not a bank account.
Don't forget if you have e-gold in MetalSavings, that 'value' might be
stored in a different jurisdiction. Then you have StandardReserve which
I think is a USA company. I guess if you live in the state they operate
from you have local tax issues. Nice and complicated :)
> Are they 'offshore' to US citizens?
???
> Are they really an account at all?
They are called bailment accounts ("The act of delivering goods or
personal property to another in trust."). Meaning someone else is
trusted to hold the metal for you under specific conditions.
> Does one have to declare earnings obtained from that account?
According to some this depends on a number of hot topics that take some
delving into.
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