1MDC

1MDC is somewhat different in that it is not actually a gold currency issuer but rather a ‘holding‘
company. I have included this as it is:
A secure method of holding and retaining one’s gold
A very simple system to use.
No Storage Fees
Very private
In fact, 1MDC is simply e-gold moved to a collective e-gold account and with a simple doubleentry
bookkeeping system on top: this has nothing to do with banking or risk, 1mdc does not
"use" the grams for anything or "invest" in anything. All the grams are there all the time. Exactly
as e-gold stores gold bars, 1mdc stores e-gold. Additionally, to promote 1mdc, 1mdc even pays
the storage fees on the overall quantity of 1mdcGrams, so you don't have to! Very simple.
You can even spend from one 1MDC account to another, avoiding the transfer fees normally
associated with e-gold transfers. The gold of course stays in the 1MDC account and it is just a
simple transfer of ownership of that gold from one 1MDC account to another 1MDC account. A
sort of e-gold within e-gold you might say. But without the charges.
So lets look at how we open a 1MDC account. Firstly you will need an e-gold account of course.
If you have not done so already you will need to open an e-gold account and fund it through an
exchange provider.
Here is the 1MDC screen you will see when you go to https://www.1mdc.com/
There is more information about 1MDC if you scroll down but the three main links are at the top
left main screen. Log in and Create Account. Here we will select Create Account and get the
following screen.
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As you can see I have entered some details. An e-gold account, some initials, a password which
one enters twice to check for any errors. I chose a PIN number. One does not type this in but
selects it from the 4 drop down boxes. (Remember this PIN, you will use it along with your
password and initials to log in to your account)
Then select Create Account. The following screen will come up.
This confirms your account has been created. With 1MDC you do not get an email so be sure you
have retained your login details.
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To log in you go to the Login Link at the top left. And your log in screen will look like this:
Here you enter your e-gold account, initials, password and select your PIN number from the pad
as shown. The moment you select the last PIN number you account page will come up thus:
This is the main screen from which you work. The left side of the screen shows the current status
of your 1MDC account. The right side contains the links you use to perform the usual actions.
You can ‘spend’ 1mdc to another 1MDC account holder, get your history, move, or bail, e-gold to
your 1mdc account or move, un-bail, e-gold from your 1mdc account to your e-gold account.
To bail in or out gold from 1mdc you select the appropriate link and you will be taken to the
relevant page where you simply fill in the amount in grams of gold you wish to bail in or out of
your 1mcd account.
1mdc is easy to operate and a good place to store your gold.