Windfall Of Publicity

Okay, E-Gold had a glitch earlier today that saw gold tracking at 300 bucks an ounce rather than the $600+ area it should have been.

There was much panic in the areas that still don’t understand how E-Gold works (you own GOLD not US DOLLARS in an effort to create a global currency, peeps) but one thing this temporary glitch has done is given Aut0Surf (with a zero!) an awesome opportunity to jump on the bandwagon.

Seriously, this is some great free publicity for them, and I’m impressed to see ‘Scott’ their admin jumping on it so quick and running around the forums spreading the good news…

This glitch runs onto the field with perfect timing to give Aut0Surf a real. life. example. of the positives of using grams. Score for them.

“A few hours ago all e-Gold users saw first hand what could happen if there was a sudden price change in gold, and the panic it caused.

Due to a still unexplained error by e-Gold.com (if someone knows a true answer, please email me) mass panic was caused due to e-gold suddenly quoting Gold at $320 per oz, while the actual world markets were still trading at $620 oz.

In basic terms this meant when people logged into their accounts they saw that half of the money in USD had vanished.

I was on the MoneyMakerGroup forum at the time and the thread which was discussing this soon had over 100 people in, all shocked that there e-Gold balance in USD had been cut in half.

You can see the mass panic here

Money Maker Thread Example

However, during this error which lasted about 90 mins, one thing did not change. That being the amount of gold you actually owned. The weight of gold did not change it stayed the same.

How can a sudden drop in the price of Gold affect the HYIP/Aut0Surfs out there?

Well, let me explain.

Lets say you were in a autosurf and had a pending payout request for $620. If the owner of the surf had paid this request before the e-Gold Hic-up, the admin would of sent $620 to the member. This $620 would of weighed 1 oz of gold.

If the owner of the surf had paid this request during the time that e-gold got it wrong, the admin of the surf would of sent $620 to the member, which of course is just under 2 oz of gold.

Now, like what happened during this serious error by e-Gold, when the price corrected itself and e-Gold was showing Gold back at $620 oz what would of happened?

Well the member who got paid $620 (just under 2 oz) would now be displaying approx $1200 in USD value for the payment which was made, because the surf admin had to send him just under 2 oz of gold to cover the $620 payment. That member is probably thinking he got a good deal, and is not thinking about others and the surf admin and how this could result in the surfsite closing and people losing money.

So how did this affect the surf program?

1.Lets assume the surf site had 3oz of gold in there account, and gold was at a $620oz. The USD value would of been $1860.

2.The e-Gold error then occured, and they were quoting gold at $320oz. The USD value would of been $960.

3.The request for $620 came in and the admin paid.

4.The surf site actually paid this amount, to cover the $620 payment 1.93oz of gold would of been transfered to the members account. Leaving the surf site 1.07 oz of gold with a USD value of $342.40.

5.Once e-Golds price had been corrected and went back to $620oz, the surf admins account, still having 1.07oz of gold would show a USD value of $663.40

Now look at 1, 3 & 5, Can you see anything wrong?

$1860 ( Original Balance) Minus $620 (Payment) = $1240. However the actual balance is $663.40

$600 difference just from one payment. This difference may result in the site closing as the admin can not afford to pay out to the members.

Conclusion.

I know first hand by the number of emails I have got, that alot of people do not understand how e-Gold works and find the whole Gram Concept confussing.

If you sat back and actually thought about just how e-Gold works, its easy to see how random and sudden price changes of Gold can affect any HYIP/AutoSurf that deal in USD.

Using Grams as a ‘Unit’ of currency not only protects the admin of a site, by securing themself from any sudden changes, it can also benifit the end users as a set weight of gold is transferd and not the USD value.

If any member finds this totally confussing and would like more examples and a clearer explanation please get in contact.

Scott.”

And yes, he goes onto explain gold/grams/etc. again.

WHY you may ask? Well, many people STILL don’t get how it all works (not just Aut0Surf, but E-Gold in general) so I suppose repetition is the only.

Though I know you, dear readers, are smart cookies and caught the drift long ago!

Aut0Surf.