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    Aug 6th 2007

    E-bullion This piece of news is not new. I have been pondering whether the update on GDCA is recent since there’s no date indication on the page at all (Just look at the news right below, the piece on Intgold is so old!).

    Also, Mark have written an entry on the warning too. I’m guessing he’s not a fan of GDCA by the way he puts it. (tsk tsk, why not lets start one industry watchdog!)

    The warning:

    E-BULLION WARNING

    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:

    1. GoldMoney - www.goldmoney.com
    2. Pecunix - www.pecunix.com
    3. Liberty Reserve - www.libertyreserve.com
    4. c-gold - www.c-gold.com
    5. PhoenixDollar - www.phoenixdollar.com

    Whether is it true that E-bullion is suspending accounts without grounds remain a question since there are no proofs being presented. Mark has emailed them for an official response but if E-bullion is working as to what one of his reader Andy comment ‘They don’t even respond to customer complaints so I wouldn’t hold your breath.’, chances are slim that we’ll get any response.

    On the other hand, it’s good to see C-gold is gaining good grounds with the Digital Currency community. With such warning dampening E-bullion, and with E-gold facing DOJ indictment, who will emerge as the next leader in the digital bullion empire?

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    11 Responses to “E-bullion Suspending Accounts According to GDCA”  

    1. Gravatar Icon 1 cashking

      Liberty Reserve & Pecunix look like the best two contenders right now, as far as industry support (reputation, and # of exchangers that support the currency). Though the recent gush of new entrants that provide total anonymity, are very attractive as well. Time will tell.

      About e-Bullion - that they freeze accounts with no justification, no prior warning, etc. is a well known fact, it happened to me personally once and it’s happened to others I know. So that doesn’t worry me too much. What is ‘new’ here is that they’re saying the U.S. Secret Service is investigating them. Any time the Government gets involved in anything, we ALL know how it ends up….

      I think I’m going to switch to Liberty Reserve.. anyone have any experience with it?

    2. Gravatar Icon 2 Ivan

      so far I use LR to cashout from Goldage forum.

    3. Gravatar Icon 3 Josh

      This is absolutely true, I just tried to login to my E-bullion account only to find that it has been shut down. This is unaccpetable.

    4. Gravatar Icon 4 opie999

      Hey, Josh.

      Maybe you already know this but if there’s no activity for more than a month they freeze the account and you have to call them to unfreeze it.

    5. Gravatar Icon 5 Josh

      Thanks for the reply opie999,

      What if u have a balance in the account. Do they still freeze it?

    6. Gravatar Icon 6 opie999

      Absolutely, yes.

      Give them a call first thing Monday morning, Pacific time.

      They’ll ask a few questions to verify your ID and your access will be restored.

    7. Gravatar Icon 7 Levaz

      Opie999,

      Perhaps, it may be that I have the cryptocard, but the last activity in my account was way back in the first week of July. The only transactions (three of them) since have been the monthly fees.

      Having read your above message, I checked my account to see if I was also blocked as per the (1) months usage rule you mentioned. Noted that my last log in was over two months ago!!

      I only wonder if having a cryptocard makes any difference?!

      Levaz

    8. Gravatar Icon 8 Alli Rasheed Adekunle

      Dear Sir/Ma,
      My name is Alli Rasheed Adekunle, a Nigerian residing in Nigeria.
      Please, did you know an exchangers that exchange liberty reserve to e-gold?
      And also an exchangers that exchange all the e-currency?
      I will be glad to hear from you soonest.
      Best regards,
      Alli Rasheed Adekunle

    9. Gravatar Icon 9 Robert Webster

      I have just wired some funds to my E-bullion account and would like to switch to LR. How do I go about that? I need some help please

    10. Gravatar Icon 10 Paul Lahey

      Hey Robert Webster. I also just wired e-bullion some funds and I think we are in trouble. Their website is down. There phones are down. They don’t respond to my faxes. So I can only come to one conclusion. We are fucked. Anything we can do to get our money back? I doubt it but figured I would ask.

    11. Gravatar Icon 11 vincent Aso

      I `ve tired now,all my invested money is in e bullion,pls who nows what i can do to get this money bark.House pls help

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