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Posted on October 7, 2015e-gold Founder launches Better Money blog
Ever since e-gold® suspended commercial operations in 2009, I, along with a highly competent team, have been working on a next generation system that applies the many lessons learned from that experience. This new system will merge the monetary and transaction logic of e-gold with unprecedentedly sophisticated AML and other compliance elements. In view of my felony conviction, however, I will not be permitted to own any portion or exercise any form of control over this next generation system once operational.
But I am allowed to talk about it and to explore the monetary principles it will implement. So I've launched a new blog, Better Money.
Quoting from my introductory blurb:
This blog, as is obvious from the title, is about money. The thesis is that money needs to be, and can be, done better. It describes a system of Better Money, a system informed by critical analysis of historic and contemporary monetary regimes. The system is designed to eliminate embedded flaws and to resolve contradictions that have tended, in my opinion, to undermine all antecedent monetary systems. Better Money is not a call for monetary reform. Its implementation does not require any sort of consensus to proceed...
I've often heard folks say that e-gold was ahead of its time and that this played a part in its demise. If that's true, I think it is safe to say that the new system is timely indeed. My hope is that I can play a useful role making a case and setting the stage for Better Money. [Plus, once it's launched, I'm hoping to get a bunch of Progeny from its vastly improved Referral Incentive Program!]
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Posted on January 20, 2015 -
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Posted on December 19, 2013e-gold Value Access Plan – Claims Filing Deadline Extended a Third Time
The time window in which Users may file a VAP Claim has been extended through December 27, 2013 11:59 PM CST. This is the third extension. The second extension was through November 22, 2013. The first extension was through November 1, 2013. The original deadline was October 1, 2013.
Users who have not started the VAP Claim Process should do so immediately and login to their e-gold account regularly until they’ve seen the process through to submission of their VAP Claim. Following submission, User should immediately finalize their VAP Claim with Rust Consulting Inc, the E-Gold Claims Process Administrator (“Rust”). A VAP Claim is not filed until it has been finalized via the Rust website.
As previously described, User must first complete User CIP and Owner CIP (collectively VAP CIP) to be eligible to submit a VAP Claim. Upon completion of VAP CIP, User must then click the VAP Claim icon on the e-gold website to start the VAP Claim Process. Upon User’s submission of a VAP Claim from the e-gold website, e-gold will provide User login credentials for the Rust website. User must login to the Rust website using those login credentials in order to finalize their VAP Claim, which includes provision of payment information.
VAP Claims must be submitted by the User via the e-gold website and finalized via the Rust website no later than December 27, 2013 11:59 PM CST.
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Posted on October 31, 2013e-gold Value Access Plan –Claims Filing Deadline Extended a Second Time
The time window in which Users may file a VAP Claim has been extended through November 22, 2013 11:59 PM CST. This is the second extension. The prior extension was through November 1, 2013. The original deadline was October 1, 2013.
Users who have not started the VAP Claim Process should do so immediately and login to their e-gold account regularly until they’ve seen the process through to submission of their VAP Claim. Following submission, User should immediately finalize their VAP Claim with Rust Consulting Inc, the E-Gold Claims Process Administrator (“Rust”). A VAP Claim is not filed until it has been finalized via the Rust website.
As previously described, User must first complete User CIP and Owner CIP (collectively VAP CIP) to be eligible to submit a VAP Claim. Upon completion of VAP CIP, User must then click the VAP Claim icon on the e-gold website to start the VAP Claim Process. Upon User’s submission of a VAP Claim from the e-gold website, e-gold will provide User login credentials for the Rust website. User must login to the Rust website using those login credentials in order to finalize their VAP Claim, which includes provision of payment information.
VAP Claims must be submitted by the User via the e-gold website and finalized via the Rust website no later than November 22, 2013 11:59 PM CST.
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Posted on September 27, 2013e-gold Value Access Plan – Claims Filing Deadline Extended
The time window in which Users may file a VAP Claim has been extended through November 1, 2013.
Users who have not started the VAP Claim Process should do so immediately and login to their e-gold account regularly until they’ve seen the process through to submission of their VAP Claim. Following submission, User should immediately finalize their VAP Claim with Rust Consulting Inc, the E-Gold Claims Process Administrator (“Rust”). A VAP Claim is not filed until it has been finalized via the Rust website.
As previously described, User must first complete User CIP and Owner CIP (collectively VAP CIP) to be eligible to submit a VAP Claim. Upon completion of VAP CIP, User must then click the VAP Claim icon on the e-gold website to start the VAP Claim Process. Upon User’s submission of a VAP Claim via the e-gold website, e-gold will provide User login credentials for the Rust website. User must login to the Rust website using those login credentials in order to finalize their VAP Claim, which includes provision of payment information.
VAP Claims must be submitted by the User via the e-gold website and finalized via the Rust website no later than November 1, 2013. -
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Posted on June 5, 2013e-gold Value Access Plan – Claims Interface Now Available
We are pleased to report that the VAP Claims Process was launched June 3, 2013 (“VAP Launch”) as scheduled. Starting from VAP Launch, Users have a 120 day window in which to submit a VAP Claim ending on October 1, 2013.
Upon completion of VAP CIP, a User may submit and finalize a VAP Claim as follows:
- Submit VAP Claim
User may submit a VAP Claim from the e-gold website by logging into their account, clicking the VAP Claim icon, and following the directions.
- Finalize VAP Claim
Upon VAP Claim submission, e-gold will provide User with login credentials needed to finalize their VAP Claim with Rust Consulting Inc, the E-Gold Claims Process Administrator (“Rust”). If VAP Claim is for Linked Accounts, separate login credentials will be provided for each account. User must login to Rust website with each set of login credentials to finalize their VAP Claim for each Linked Account separately.
Prior to finalizing a VAP Claim on the Rust website, User should read Rust’s Claim Filing Information to collect all information required to finalize their VAP Claim in advance. For example, Rust specifies that the payment method used to pay approved VAP Claims is determined by a) the country in which payee bank account is located and b) the amount claimed. Rust provides downloadable forms for User to collect required banking information in advance of finalizing their VAP Claim. If User does not have all required information when they begin the process of finalizing their VAP Claim, User may cancel and start again once they’ve gathered all required information, but their previously entered work (on the Rust website) will be lost and User must start again.
For more information regarding the processing and payment of finalized VAP Claims, please see the e-gold Value Access Plan Overview and Rust’s Frequently Asked Questions page.
For questions about VAP CIP or submitting a VAP Claim, please contact us via our Customer Service web form.
For questions about finalizing a VAP Claim or the processing of finalized VAP Claims, please contact the E-Gold Claims Process Administrator.
- Submit VAP Claim
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Posted on May 22, 2013e-gold Value Access Plan – Launch Date Scheduled
Rust Consulting, Inc, the E-Gold Claims Process Administrator (“Rust”) sent postal notifications dated May 14, 2013 to VAP-eligible Users to emphasize that completion of VAP CIP will be a prerequisite to making a VAP Claim. The notice indicated that the VAP Claims Process was scheduled to commence on May 22, 2013.
Due to the high volume of responses to Rust’s VAP CIP mailing, the US Government has made the decision to start the VAP Claims Process on June 3, 2013 (“VAP Launch”). As previously published in the e-gold Value Access Plan Overview, Users will have a 120 day window in which to submit a VAP Claim upon VAP Launch (the “VAP Claims Process Interval”).
Although Users will continue to be able to complete VAP CIP during the VAP Claims Process Interval, we urge Users to complete the VAP CIP process as soon as possible.
For questions about VAP CIP, please contact us via our Customer Service web form.
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Posted on April 12, 2013e-gold Value Access Plan - Monetization Complete
Following up my prior monetization progress report, I am pleased to announce that the e-metal monetization process is now complete:
e-metal Bullion Reserves Monetized Value
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e-gold XAU 56,635.060 USD 89,677,031.54
e-silver XAG 85,243.842 USD 2,421,743.46
e-platinum XPT 400.000 USD 560,734.48
e-palladium XPD 396.473 USD 224,215.56As previously announced, Balance reports include the Monetized Value of the Final Balance of each e-metal in your account. To view the Balance report for your e-metal Account, please login to your Account and click the Balance icon.
For an outline of how the monetized value will be distributed, please see the e-gold Value Access Plan Overview.
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Posted on January 25, 2013e-gold Value Access Plan – VAP CIP
We are pleased to announce that the Customer Identification Program effective for purposes of the e-gold Value Access Plan (“VAP CIP”) is now available on the e-gold website. Since completion of VAP CIP will be a prerequisite to making a VAP Claim, we encourage Users to complete VAP CIP as soon as possible. Users who have already completed User CIP should login to their accounts to confirm no required actions are listed in their VAP CIP Checklist.
VAP CIP Checklist
After a successful e-gold account login, a context sensitive VAP CIP Checklist is displayed to the authenticated User. Throughout the VAP CIP process, the VAP CIP Checklist summarizes the User actions required to complete VAP CIP, provides direct hyperlinks to any pages requiring User actions, and reports the current review status of information previously submitted.
VAP CIP Requirements
VAP CIP requirements can be summarized as follows:
- Complete User CIP.
- Complete Owner CIP.
While Users have previously been able to categorize account ownership (User, Business, Trust, Joint, etc), Users have not been able until now to provide the information and supporting documents pertaining to account Owners necessary to complete Owner CIP for Ownership Compositions that include an Owner other than the User.
Ownership Composition
An Ownership Composition consists of the following:
- Linked Accounts – List of accounts controlled by the same User and having the same ownership composition.
- Owners – Identifying and address information for the Owner(s) of Linked Accounts, including documents to verify identity and address of Owner(s) that are human beings (“Individuals”).
- Owner Resolution – A resolution by the Owner(s) delegating control of account(s) to the User. An Owner Resolution is only required if there is an Owner who is not the User.
- Signatories – Identifying and address information for any Individual(s) signing Owner Resolution on behalf of Owner(s), including documents to verify identity and address. Examples: Director for a corporation, a Trustee for a Trust, or a parent for a minor child.
VAP CIP Questions
For questions about VAP CIP, please contact us via our Customer Service web form.
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Posted on July 5, 2012e-gold Value Access Plan – Claims Administrator Contact Information
Contact information for the government nominated, court approved Claims Administrator follows below.
Claims Administrator Name:
Rust Consulting, Inc.
Contact Information:
E-Gold Claims Process Administrator
PO Box 2565
Faribault, MN 55021-9565
Toll Free: 1-888-764-7519e-gold Claims Process Information Website:
https://www.egoldclaimsprocess.com/
