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Golden Way launches a NEW Real Estate site

(Click here to view the original thread with full colors/images)

Posted by: admin

Golden Way Investors waiting for payments to re-commence check this out

http://www.goldenway.tv/

The old site is gone and Scott is now selling real-estate on the Gold Coast, Queensland, Australia. Unyet the old investors are left with No updates, No payments!

Quote:
We are now able to offer property and land for sale on the Gold Coast of Australia, or any other location through Goldenway.

Just one of the many new and exciting developments we are planning for Goldenway

If you have property for sale, or you are interested in buying some land we can now offer a complete service, including property design, marketing, building and development



Posted by: awty

Well, looks like I helped 'inadvertantly' fund a new project. Suffice it to say that I will NOT be investing, and that I do not consider goldenway.tv to be trustworthy in ANY sense of the word. Emails to support personnel with what I felt were valid concerns, and requesting updates on the program were read, but ignored.
---JERKS!---
Just my opinion,
Jeff


Posted by: betrdanevr

Ha! The nerve of some folks. Well, thank goodness that's *one* ripoff I missed. I did, however, send him a one-liner on behalf of the ripped off ones: "So this is what you do with the money you've ripped off from your HYIP investors?"

Doubt that somebody like that will lose much sleep, though!

Grrr.
Terri


Posted by: admin

I sent the admin named SCOTT in Australia an e-mail last night asking for an update and just got this reply from DAVE his trading partner based in the UK

I think Dave is the Admin from the old Gold Vaults. Many members will remember that one, which was paying 5 % a day and collapsed after the Money Works SCAM shot thro which was paying 10 % daily

Quote:
Hi and thank you for your recent email. This is the current situation with Goldenway.

Interest payments are suspended until working capital has been established which will permit trading to resume and give a balance which can allow trades to fluctuate and give a profit. The minimum required for this is $10k.

Why $10k?

As an example I will explain how the following trade has progressed. I am currently trading on behalf of a private account. This account is independent of Goldenway and was funded with $15k from a private bank account on behalf of a 3rd party and I only have trading privileges and cannot withdraw or make deposits. .

This is a recommendation from Saxo Bank in Copenhagen which is used as the basis for buying and selling currency pairs, received on 4th December 03 06:00am

British Pound/US Dollar
GBPUSD (1.7275 @ 14:32 GMT)
GBP/USD pulls back after hitting a 1.7319 top and may extend the corrective decline to 1.7250/40 area. But the upwards trajectory may resume thereafter -- and so prospects of further large correction to 1.7050 - 1.7000 have become slim indeed. A breach of 1.7350 from here confirms a new upmove to 1.7500, then on to 1.7700 thereafter.

Buy GBP at 1.7250. Stop-loss: 1.7190. Profit target: 1.7500

Updated recommendation received on 4th December 03 at 11:04pm

British Pound/US Dollar
GBPUSD (1.7256 @ 07:41 GMT)
GBP/USD has been to 1.7232, slightly lower than expected -- but prospects of a large correction to 1.7050 - 1.7000 have become slim nonetheless. A breach of 1.7350 from here confirms a new upmove to 1.7500, then on to 1.7700 thereafter.

Bought GBP at 1.7249. Move stop-loss from 1.7190 to 1.7150. Keep profit target at 1.7500.

Updated recommendation received on 5th December 03 11:06pm

British Pound/US Dollar
GBPUSD (1.7211 @ 15:22 GMT)
GBP/USD has been to 1.7207, rallied to 1.7286, then fell back down to 1.7180 area again. But with the other principal currencies making inroads against the greenback, the currency should make a move towards the 1.7230 top from here. A breach of 1.7320 from here confirms a new upmove to 1.7500, then on to 1.7700 thereafter.

Bought GBP at 1.7249. Move stop-loss from 1.7190 to 1.7120. Keep profit target at 1.7500.


You will notice the varying stop loss. This allows the currency rate to vary within set limits. I entered this trade at a rate of 1.7250 on 4th December 03 and bought 3 contracts which results in a cost per pip of $30 i.e. a rise to 1.7255 would give a profit of $150

As shown in the chart below the rate has been as low as 1.7190 at 11:20am on 4th November, which was a running loss of $1800 at that time. The current rate is 1.7290 and is giving a profit of $1200 at close of business on 5th December 03.

This is a typical example of the fluctuations in currency markets and shows why a significant margin is needed to ensure a purchase can move down and up over the course of a few days. This account is averaging $3k per week in profits.


See attached chart


In his email to me dated November 30th Scott stated he would be willing to send $5k to the account, although this has not been confirmed yet. I am trying to raise more funds by offering property for sale both on and offline
with the commission fees going to the trading "pot". Once a significant
balance is available for trading I can assure you, your interest payments will resume.

I was unwilling to continue with the previous website, which had a deposit function, and made claims re interest etc. as I felt this was misleading. I have therefore changed the site to offering property for sale, which I hope, will provide some much needed equity.

I hope this helps explain the problems I am having and the steps we are taking to resume trading on a sustainable basis ASAP.

Best wishes and Merry Xmas

Dave

P.S. The trade mentioned above was closed on 17th December 03 at 1.7500 and gave a profit of $7,500



Posted by: admin

http://www.hphyips.com/admin/chart.bmp


Posted by: awty

Thanks for the information, Phil! Appreciated!
Jeff



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