Am looking at adding CreditCards to the accepted payments but at this stage there is only e-gold and IntGold.
Many people like credit cards, but I don't. I think they are a suboptimal method of purchases for many people, and a very bad option for most. They are also terrible for the merchant, compared to say, e-gold.
I think it is great you are using e-gold as a payment method. Good for you.
I think it is terrible you have chosen IntGold. There is no evidence I've seen that there is any gold to IntGold. There is no defined process for redeeming IntGold to gold. There is considerable evidence that the same guys who are running IntGold are also running Ponzi-type schemes. For these reasons, I think the comparison to OSGold is clear.
Since you may be a relatively new person in the gold currencies arena, OSGold failed spectacularly between June and July 2002 after operating for nearly a year as a gold currency. It, too, had close ties to Ponzis, had no defined method of redemption, and had no gold to it, although at one point the promoters claimed that OSGold was 150% backed by gold. By some claims, as much as sixty million US dollars worth of OSGold was left in the hands of customers, tens of thousands of whom were unable to get any value out of the worthless currency. There were several lawsuits as a result, and I doubt if full value will ever be recovered.
I think you've made a mistake in accepting IntGold. It isn't hard to correct at this stage, though.
Good luck with your business.
Regards,
Jim http://www.ezez.com/
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