PGX’s announcement on ‘Sell E-gold’ transactions
In response to the current massive sell-off of e-gold funds due to the recent controversy involving e-gold, Philippine-based exchanger PinoyGoldeXchange (PGX) issued the following announcement regarding selling (and buying) e-gold transactions via the site.
Last Edited: 12:00 AM 05/10/2007 thu
SELL RATE INCREASE
Due to the current issues with e-gold, a number of major US and international exchangers have either raised their SELL rates or temporarily placed their operations on hold. These are the same exchangers PGX use to sell excess e-gold supply. To be able to continue accepting local SELL orders, we have temporarily raised the SELL e-gold fees by 1%. This seems to be the best option we can think of to compensate for the additional operating expenses. Thank you for your understanding and continuous patronage.
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SELL ORDERS OPEN
SELL egold orders are now accepted. Maximum limit is set at $150. Amount is expected to be raised on Monday. For those who have unprocessed e-gold transfers, kindly complete the SELL order form. SELL orders may take up to Tuesday May 15 to be completed due to expected queue. Thank you for your patience.
*Standard BUY e-gold maximum is currently set at $1000. Please use Premium Service if you wish to purchase e-gold above the maximum daily limit.
Standard SELL egold maximum is currently set at $150.
To buy or sell egold funds, head over to the PinoyGoldeXchange site.
For announcements, questions or suggestions related to PGX, visit the PGX discussion board in the PMT Forum.
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