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The system worked on the basis of allocated accounts. When investing in gold without requiring personal storage, e-gold became more & more popular. It attracted investors looking to diversify their portfolios because it offered a practical and affordable way to buy, sell, and hold gold. E-gold's prominence in the international financial market was largely due to the emergence of digital currencies and growing interest in alternative investment options. It's crucial to remember, though, that e-gold stopped operations in 2009 due to legal troubles and worries about its use for illegal purposes.