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Gossip from Around the Forums Gold Storage is currently in the process of redesigning a more secure script. Their site should hopefully be back inplace within a few days. Serious Gold Seemingly The Admin has been caught rating their own site. Gold Commerce which has stopped paying members has had claims to be coming back soon. Bookie Basher It has been reported to be defaulting on payouts to their members and looks like they have closed up. Watch this space? Bonded Investing Has announced to their members they will soon have their Evocash, and Netpay transactions credited to their accounts instantly. GoldenLevel It has been reported that the admin of this program has stopped making payouts and has closed communication to all members. so beware? Power Of Gold which closed a few weeks ago has announced that they will be making partial refunds soon. LexGold seems to have been shut down due to hacker activity. Whether this is true or not remains to be seen. P-Club which stopped paying Are claiming that they are trying to recover. whether this is true remains to be seen . Alchemy Are closing their program down through lack of funds .obviously a Ponzi scheme. Sunlife Gold has been accused of using pirated HYIP software. which makes it a questionable investment . Trade For Gold have announced that they will be going "semi private" at the end of September and will no longer allow new members to sign up. |
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II - WILL THE RISE IN THE GOLD PRICE HELP HYIP'S? In the last 2 months Gold has risen from about $330 an ounce to over $380 an ounce This is an increase of 15%. Thats almost as much as a stable low paying HYIP pays. Many times when the price of Gold changes people think that this will either help or hurt many HYIP's. When Gold Prices decline, often HYIP admin use that as an excuse for lower payouts or program problems. When Gold prices rise, however, we rarely hear any good news from HYIP admins. Why is this? Even though programs often claim that the fall in gold prices negatively affected their program, this usually is not the case, unless the program is a scam. Unless the money is being kept in their account and not being reinvested, minor changes in Gold price will not affect the program. If they are investing the money like they claim, then falling gold prices should not be problematic. Sure if the prices decrease substancially in a short period of time, the entire HYIP market may take a minor hit, but nothing that would force a program to close or halt payments. I recall back in March and April when the gold price dropped about 5 or 6% within 2 weeks, VBU claimed that this was a major reason for the 50% drop in payouts. How do they figure? I have no idea. First of all, they claimed to be reinvesting the money. Atleast 50% of the programs they were investing in were fixed payout programs. This means that the most they could have lost was probably about 3-4%. When the Gold price rose the next week 10%, their payouts were still the same. I'm not trying to pick on VBU, just use then as an example of how many program admins use the fluctuating gold prices as an excuse for lower payouts. All in all, the rise in gold price is a good thing for the HYIP arena, however I don't feel the impact is going to be very large. |
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Originally Posted by hphyips
Does anyone have any UPDATED news on TIG and Phill-Ex?
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Sent on the 1st October2003)
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Originally Posted by hphyips
There will probably be a members update in the next day saying that the trouble makers and death threats have started again and their team of legal experts have taken action against these new threats
There has been NO communication or reports of refunds nor has anyone been able to visit Dan or the warehouse after numerous attempts A Planned SCAM by Dan from day 1 [-X |