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Old 03-30-2011, 04:05 PM  
eNumbered
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Join Date: Jan 2011
Posts: 31
# Where is the financial institution that is backing this located?
Canada

# Where is this gold located exactly?
Secure vaults in Canada

# Who, in the end, is responsible for all this?[/QUOTE]
eNumbered Holdings INC, a BC Corporation

# Are there any insurances except for "100% backed in gold"?
A very legitimate question which we often receive so I want to take the time to really address your question here. First off, 'guarantees' in the world of banking come with a high price; government intruding into your financial privacy. The only truly 'guaranteed' bank accounts in the world are FDIC insured banks in the USA. If you don't mind the IRS or FinCEN snooping around your financial history, then you should just open an account at a big US bank. Right?

In the world of online banking, there are no iron-clad guarantees. For example, paypal accounts are known to 'freeze up' all the time, and even big e-currency providers like Epassporte can go out of business. Offshore banks are no safer - they can simply disappear, or the government can nationalize the bank and seize all deposits (this has happened more than a few times). What guarantee do you have that Paxum, Payoneer or any other online payment processor won't go out of business? No guarantee at all, but most of you use some sort of online currency solution.

At eNumbered, we have made every possible effort to safeguard your funds and your privacy. Deposits are 100% backed by gold bullion stored in vaults, so even if our correspondent bank somehow shuts down, you will not lose any funds. Since we are based in Canada, it's rather unlikely that the Canadian government will go out of business. If inflation spikes and currencies are deflated, you enjoy protection from the stability of gold. So unlike most banks or e-currencies, your funds are completely secure with eNumbered.

That being said, the only thing guaranteed in life is 'death and taxes'. Wherever you choose to put your money, you're taking some kind of risk - either of the bank or country going out of business, or the government snooping into your private life - or both. We're not going to spend your deposits making $20million movie flops like Chris Mallick did. We believe - both ideologically and financially - in the Gold Standard as applied to banking. Our mission is to protect the financial assets and personal privacy of our clients, and for this service we charge withdrawal fees and make a profit. That's eNumbered.com .. simple but effective.

If you have any more questions, I would be happy to address them.
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