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.

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.