I am starting a new business, so I have been designing my website. When I go to pay for it, the only way they have listed is to pay through e-gold. I had never heard of that.
So I set up an e-gold account and try to figure out for a whole day how to get money into that account, when I stumble onto some links on their website that lets you buy gold bullion to back your account from an exchange service.
After hitting all 16 sites, they either want you to pay by certified check or MO, and finally on the last site, I have the ability to go to my local Wells Fargo branch and deposit the exact amount into their account, which will fund my e-gold account. Most of those sites were from different countries, like Nigeria, and Germany.
I wonder if this method is being used to circumvent the restrictions on banking. After all, the bank is only funding egold. What you do with that egold is a different matter.