Quote:
Originally Posted by eNumbered
Correct. Depositor funds are always backed 100% by gold. Even if our correspondent bank one day shuts us down, your funds are not at risk - they are stored as physical gold bullion in a secure vault, which cannot be seized.
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eNumbered operates on more than just a profit model (of course, we intend to make a profit!). But more than that, we are ideologically inspired by the objectivism of 'Atlas Shrugged' (Ayn Rand) and deeply troubled by the dominance of fractional reserve banking, which is essentially a ponzi scheme. We believe strongly in financial privacy and the gold standard.