High Yield Investment Programs require the ability to shift money quickly and into whatever form is needed by the appropriate program. Also, the country of origin for an HYIP and the person using it can be two different places with entirely different currencies. Because of this, there needs to be a way for the HYIP investor to translate his currency into the currency of the HYIP.

E-gold offers a rather interesting way to do this. An investor can go online and buy a certain amount of gold, which can then be transferred to someone else using E-gold. As the gold itself can be translated from country to country as a sort of absolute value. As a number of HYIP’s use E-gold because of its security features and that gold translates well.

E-gold has a number of ways to ensure that its members aren’t taking advantage of by scams and frauds. Also, there are enough safeguards that help to ensure that the money gets to where it’s supposed to get to with as few problems as possible, and that the money does in fact get there. Because of all of its features and safeguards, E-gold is used by a number of different groups.

There are a few problems with E-gold, however. The biggest of these is that “sells” (transfers from one account to another) are final. Unlike other online cash sites, E-gold does not void transfers, making it vulnerable to scams and swindles. Members are thus highly advised to make sure that they are completely sure of any transaction that they start.

The other limitation is that not every site uses it, and some don’t like it. Ebay, for example, even has use of e-gold as a reason for banning a user (you can, however, use it on PayPal, and transfer it over that way). The various sites point out that there are security issues, but that’s because of the lack of reversible transactions (bear in mind that scams take advantage of that factor). Throw in the lack of regulation and limited background checks, and there are some good reasons for not using e-gold. Also, the value of the gold in your account may vary (as gold is a commodity, its actual worth depends on the current value in your country).

However, for all of its limitations, e-gold is still considered one of the most secure ways to transfer funds, and is still one of the most convenient ways to move money around on the web. Also, there is a certain level of security in knowing that your transactions are backed by something solid, rather than mere paper money. Also, as you can request that your account be sent to you in metallic form, there is just beating able to touch your profit…