E-gold market is down. The rates have crossed all the psychological marks

Now you can get 100 WMZ for $20 e-gold and exchange 21 Liberty Reserve into $100 E-gold… It’s sort of a fantasy you may say? No, today it is a reality. For instance, such exchangers as GrandExchange and Wm-exchange are ready to offer you such prices. There is a direct evidence of the panic on the market. The average price has already crossed the psychological mark of 50%. Autoexchangers, with the e-gold balance more than $20k, are still trying to keep the price higher than 50%. So, we can say that such exchangers as Exchangine, GloboxChange and Intexchange, having almost $100 000 e-gold in their accounts, are over-cautious with the exchange at 50%. Probably they are trying to make business within the existing percentage range. However, the analysts agree that the rate of e-gold will continue going down after the closing of the new account creation form. And here it is important to understand the economic effect that takes place after e-gold will finally accumulate in the accounts of a narrow circle of holders who will be not able to hold the liquidity of e-gold.

New statements of Douglas Jackson surely instill some optimism and hopes, however we can say that Douglas Jackson will need to be a wizard to put e-gold on its legs again. It seems that Jackson just cannot admit the failure and tries to save the situation by hook or by crook. He is backed into a corner and is nervously shivering before three grinning lions: DOJ, Exchangers and the completely lost trust in the e-gold system.