If you have money tied up in e-bullion you could be in for a rough ride in getting your funds back when cashing in. All these gold-scams like DXinone  and the like eventually close their site, rename themselves, and set up shop again under a new name after a few months, gaining a whole new customer base.

Mark wrote many posts on this, that can be referred to here.  A recent warning in 2007  was posted on a forum. It seems this was justified.

E-BULLION WARNING (JULY 2007)
Due to numerous unanswered complaints, the Global Digital Currencies Association would like consumers and merchants to be aware that E-bullion.com closes and/or freezes accounts without any court order or reasonable justification, sometimes freezing customer funds forever.

This unscrupulous policy makes E-bullion an unfavorable system for online commerce and for the safe and secure storage and transfer of funds.

We recommend that E-bullion account holders switch to a different digital currency immediately in order to avoid frozen accounts and loss of funds, such as:

GoldMoney - www.goldmoney.com

Pecunix - www.pecunix.com

Liberty Reserve - www.libertyreserve.com

c-gold - www.c-gold.com

PhoenixDollar - www.phoenixdollar.com 

 E-bullion.com is also listed with an F rating by the Council of Better Business Bureau, Inc., and  have unanswered complaints  going back as far as 2005.

http://www.gdcaonline.org/content/news.html

moneypenny

So everyone is preparing themselves for the pinch of a recession in the U. S. call it what you will, mini recession, downturn, tempory lack of confidence, depression: the result is the same, for those paid in dollars in the US, those who travel and those who work online. Less money, when they convert it into the actual currency they live on. I prefer to be paid in Euros or Pounds if possible,  for the work I do on line, however I often work in US dollars too. The companies who hire freelancers sometimes enable them to choose credits which have a value and are then paid out in the currency of choice. For example  I have 50 credits and the value of each credit is 50 cents. I then can request it in pounds and the correct value will be calculated.

Many of my contacts bemoan the fact that their on-line consulting in design, photography or whatever, is also taking a downturn  in value when paid for in dollars. Of course one man’s meat is another man’s poison, because somewhere in the world there’s a freelancer who can work online, deliver  faster, get paid in US dollars and be happy because his currency is weaker than it.  This is the true meaning of globalization, and then you consider maybe it isn’t  always better living in the first world of Europe or US after all. Unless you are paid in Euros, and can live in a less valuable currency.  Now that’s  e currency I’m interested in.

Yours in money,

 Moneypenny.