What is gold currency?

What is gold currency?
Basically it is a very simple concept.
Gold is currently (at the time of writing) around 444USD per ounce. Of course the value
compared to fiscal (dollars and cents) currency varies and has been as low as 300USD per ounce
and as high as 800USD per ounce. But the variation is usually only a few cents or a dollar or two
each day and not particularly significant for people using gold as an immediate currency. It does
become important when one is using it as an investment or holding on to it for any length of time
and transacting in large amounts perhaps. However carting around even an ounce of gold is not
very convenient. If you wish to purchase a product or service for say, 100USD then it is difficult
to break off a slice of gold to that value and hand it over to the merchant. There is another method
however.
Corporations such as e-gold, GoldMoney and Pecunix
operate on a basic principle of accounting. Without
going into the technicalities of it, all that happens is that
you open an account with either e-gold, GoldMoney,
Pecunix or another gold issuer and then you can fund
your account with gold. Gold is obtained from exchange
providers who make a business simply converting or
transacting fiscal funds to gold and visa versa. More on
exchange providers later.
The currency supplier holds in trust a quantity of gold
bars. These are usually 400 troy ounces (1 kilogram is
equivalent to 32.1507 troy ounces)the size of the
internationally traded London Good Delivery bar. The
term “small bars” refers to bars weighing 1000g or less.
So gold issuers such as e-gold, GoldMoney and Pecunix for example, supply and act as custodians
on behalf of clients who own a specific quantity of gold metal.. With this system an account
holder, who can be a consumer or a merchant, holds a quantity of gold which may be anywhere
from fractions of an ounce to entire 400 ounce bars and their holding is represented as accounts
which display the value of gold held by that account holder. Transactional history and balances
are available upon inspection and a small fee is charged for each transaction and for storage. This
gold is in the form of actual gold bars and held in escrow in banks around the world. Each account
holder actually ‘owns’ an amount of that gold and this holding is reflected in his account. A
consumer can fund their account through one of the exchange providers set up for this purpose
and then ‘spend’ any amount, even down to a penny, to a merchants account. The value of gold is
then transferred from the consumer’s account to the merchants. The merchant can redeem his
gold or ‘cash it in’ with an exchange provider when he has sufficient.
Having opened your account with one of the currency suppliers (usually free) you then ‘fund’ the
account through an exchange provider. If, for example you wanted 200 US dollars worth of gold
you would supplied that amount of dollars to the exchange provider and he or she would fund
your account with the gold to that value less his commission. Your account would then show gold
to the value deposited in your account by the exchange provider. This is simply a transfer of
Gold Currencies and How to Use Them
7
ownership. The gold is not moved. It stays in the bank vault. All that has happened is the portion
of one of those gold bars which was ‘owned’ by the exchange provider has now been transferred
to you.
Of the gold bars resting in the bank vault, you would own a sliver of one of those bars. The value
of that 200 dollars worth of gold may go up or down. If gold goes down compared to the US
dollar your gold ‘holding’ would reflect this in a slightly less value, perhaps 190 dollars worth of
gold. The actual gold does not change. It continues to sit there. Only the value of it may change.
By the same token, if the price of gold rises dramatically then your small sliver might suddenly be
worth 240 dollars.
But let’s say that, having acquired the 200 dollars worth of gold, you then decide to spend it on a
nice up market DVD player available across the country for 150 dollars. You don’t want to pay
by check or use your bank account. The retailer accepts e-gold so you simply spend the 150
dollars to his account. This is an instant transaction so the retailer is happy, he has his gold
without waiting and at a relatively small cost (usually the currency issuer will charge a few cents
for the transfer to the recipient). The ownership of that amount of gold has now changed again.
You still own a tiny sliver of gold worth 50 dollars but the retailer now owns that portion of the
gold bar in the vault worth 150 dollars which you owned. When you make your spend the
currency suppliers software makes the record in both accounts of the transfer of ownership.
Sometimes it is called gold credits.
Presumably, of course, you will get your DVD.
There are some variations to the above and one can go into the technicalities of how it works and
for those keenly interested there are some links and references at the back of the book. There are
some important factors to be aware of however.
Firstly, although the transactions are not expensive, especially when compared to conventional
systems such as banking, credit card, Western Union and the like, there is still a cost to be
considered. Exchange providers traditionally charge anywhere between 2 and 15% depending
largely on how you fund them. If you use a credit card to buy gold you will incur higher charges
naturally. If you pay cash then the charge will be less.
Second, the transaction is instantaneous. There is no ‘waiting period” for any party. Once the
’spend’, as it is called, is done the debit from your account and the credit to the account you have
spent to is done. So it pays to ensure you do it accurately and not make any mistakes.
Third, the ‘spend’ is irrevocable. That is to say irreversible. Not like a bank check which one can
claim was falsely issued or a credit card payment which one might claim was unauthorized. The
currency issuer will not reverse a transaction once make. One should therefore be totally sure that
one wants to make the spend and that one is spending to the correct account. You cannot rely
upon the person you are spending to reverse it in the event of an error.

FREQUENTLY ASK QUESTION (FAQ) about HYIP

What is HYIP (High Yeld Investment Program)?
HYIP is an abbreviation of High Yield Income Program. What it means is that investing in a HYIP will bring great returns on your investment.

Are HYIP Legal?
The real HYIP's are legal, they are a form of investing, but they are only legal if you declare your earnings from them on your tax form (similarly, you can put your losses on them aswell). However, Ponzi's are not legal, anywhere or in any country under any circumstances. It's your choice alone to invest in them and take the risks.

How Much Can I Make?
It depends entirely on how much you invest (obviously the more you invest, the more you make), and the daily percentage of the program (higher daily percentage = more money daily).

How Much Can I Lose?
Again, you can lose as much as you invest. Therefore remember the golden rule of HYIP: ONLY INVEST WHAT YOU CAN AFFORD TO LOSE.

How Much Can I Invest?
Depends on the company. Some companies allow you to invest from $1, and most have no upper limit. Check the specific company for more details.

How Do I Invest?
You invest your e-Gold into the companies. Actually making the transaction is simple, enter the amount you wish to invest, and away you go.

How Do I Know They Are Not Scams?
Simple and straight answer: You don't. You can take advice from people in the industry, read forum posts. The decision to join should be entirely your own, and you should understand the risks involved.

Want to start??

Risks of online investments

First and foremost you must understand that the reward is directly proportionate to the risk. That is what speculation is all about; you cannot expect to make a substantial return if you are not prepared to accept a certain amount of risk. Any experienced financial speculator will tell you that successful speculation involves being able to quantify risk. The amount of risk attached to any particular HYIP, is for the most part, unquantifiable.
Many of the genuine small Internet based HYIP's are considered high risk, as they are not particularly well thought out programs, often with no sound methodology from which to generate returns. They receive thousands of small deposits from participants, which only adds to the problem. The larger specialist programs, many of which are not plugged on the Internet, can be much safer in many respects, as they are usually run by professional traders who know how to generate returns using sound trading methods. They keep a low profile due to the risk of interference by some authorities, but this does not mean that they are not genuine investment programs.

There is yet another type of HYIP trading program which allows you to set up your own offshore company and a bank account, the funds are then traded through this account, but the program administrator and/or trader never has any kind of access to your funds, he/she only has the authority to place the trades on the account. This method of funding is without a doubt the safest that is available to the HYIP investor. The only risk is that which is attached to the trading method used to generate the returns, although most professional traders will operate with specific risk parameters in mind.

The program administrators should also be forthcoming about how they intend to generate the quoted returns. You should be extremely wary dealing with any HYIP that refuses to disclose details about their system, after all they are asking you to show good faith in them by investing your hard earned money, so they should at least be willing to tell you how they intend to generate the quoted returns. Once you know how a program works, you are in a much better position to be able to assess the viability of that program. For example there is one HYIP that claims very high returns from investing in domain names. This type of HYIP might have been feasible a few years ago, but is highly unlikely to be profitable these days. There have been many high profile court rulings against domain name speculators over the last few years, and registering domain names is hardly an area that requires specialist knowledge and expertise.

As a rule the larger the sum of the investment the safer the program is likely to be, assuming that you are afforded adequate capital security. The frauds are usually the ones that request small investments and membership fees, as well as offering referral fee arrangements. Programs operating in this manner can draw in a greater number of participants in a short time before shutting down. The larger programs tend to be much more professional, with their focus on making steady returns for investors and taking a small part of those returns as their profit. Most of the larger programs also appear to understand the need for frequent client communications, which is often an area of complaint amongst many of the smaller HYIP's. Usually your only source of regular information is the HYIP website (assuming they have one), and in many cases these websites are not updated as frequently as they should be.

Biografi Carlo Ponzi

As the legend goes, the scheme that would make Carlo Ponzi a household name occurred to Carlo when he was a young man. Carlo would sit on his front steps in Boston and watch his neighbours return home from a day's work. It was during one of these daydreaming sessions that his innovation struck. Predictably enough, the first victim of what would become known as the Ponzi scheme was Carlo's friend Tony. Carlo made an intriguing offer: if Tony lent him $20, Carlo would return $30 in ninety days. "I'll meet you right here and pay you 50 percent on your money."
If only Tony had not taken Carlo up on his offer. Nevertheless, he did. Moreover, the next day, so did Carlo's friend Guiseppe. Therefore, ninety days later, true to his word, Carlo met with Tony and presented him with his $30. Perhaps like most of us, Tony let his worst half get the better of him and told Carlo, "What the hell, keep it and give me another 50 percent interest in ninety days." The Ponzi scheme was born. Guiseppe, the second-generation sucker, subsidized Tony, the first.
Before young Carlo Ponzi pioneered in financial chicanery, he had already lead an interesting--and criminal, to anyone who should have bothered to check--life. Immigrating from Italy at the age of 17, Carlo soon found an alternative to dishwashing and waiting on tables: he would assist his fellow Italian immigrants in sending money back to the home country. However, when it was discovered that Carlo was pocketing a generous portion of the funds, he was sentenced to three years in prison.
Perhaps illustrating the observation that government incarceration simply educates more criminals, instead of learning a lesson from his imprisonment, Carlo, once released, began plying his entrepreneurial skills smuggling Italian immigrants into the U.S. from Canada. Nabbed again, Carlo was off to prison for another three years. Setting his mind on going straight, Carlo then moved to Boston and found a job as a $16-aweek clerk. Soon thereafter he met and married Rose Guecco, seeing her as someone willing to take a two-time loser, and Rose had faith that her Carlo would one day rise to the $25-a-week pay bracket.
Now around this time, the "war to end all wars" was ending in Europe, and the boom of the roaring twenties was just beginning. Wages were rising and malinvestment was charging ahead, driving an emerging speculative investing craze. And Carlo knew he didn't like working for a living; watching his neighbours trudge home day after day from work as he sat on his Boston stoop only further convinced him that he needed a scheme to get ahead. He thought and thought on that stoop, and, as we know, Carlo came up with quite a scheme. With the success he experienced with Tony and Guiseppe, Carlo started Securities Exchange Company at 27 School Street in Boston the day after Christmas 1919. Advertising a 50-percent return in ninety days, money from investors large and small poured in. With all this money pouring in, Carlo had to figure out a plausible explanation for how he could pay 50percent interest in ninety days when no place in the world paid that much. However, Carlo's ingenuity for frauds came through again.
He told investors that he had a network of agents in Europe that purchased depreciated European currencies, converting the currencies into international postal coupons, which were then redeemed at face value in the United States in US dollars. Carlo claimed all the high rollers were doing it, the Rockefellers, J.P. Morgan Jr, everybody. But Saint Carlo instead was sharing the wealth and helping the common man (while helping himself of course). Redistributing their money was more like it.
Every day, tens of thousands of dollars were deposited with Carlo's tellers. Outside the building, crowds lined up, waiting to invest. Every day, Carlo would arrive at work in his chauffeur-driven limousine. The key to the entire scheme continued to work its magic, as the deposit counters were usually a swarm of activity, and the withdrawal counters were practically deserted. As the deposits grew and grew, Carlo even opened branch offices, eventually totalling thirty-five. He also used some of the deposits to purchase two actual businesses, Hanover Trust Co. and J.P. Poole Co. Carlo even found time in his busy schedule to buy his wife a mansion.
It was not long however, before Carlo's claims attracted attention from the wrong people. In a few short months, he had transformed himself from a mere clerk to a veritable financial wizard, he and Rose were swaddled in luxury, and anyone who wanted to cash in immediately received their deposit with interest, no questions asked. Carlo's success invited scrutiny. The U.S. Postal authorities advised the federal government that Carlo's given explanation for how the Securities Exchange Company conducted its "investments" could not possibly work. However, since the federal government operates on its own concept of time, it was not until months later that the feds conducted an official audit of Carlo's operation.
Moreover, as news of the audit hit the street, the whiff of insecurity began to work its magic, creating a run on the Securities Exchange Company. However, it seemed as though Carlo had an inexhaustible supply of cash: all of the investors who lined up to withdraw their deposit, each received their cash plus 50 percent. As the audit progressed, the auditors were stumped. The company kept meticulous records of all deposits and withdrawals. No one was being cheated, and no law had been broken. The only thing that they could not find was how the company made its fantastic profits. When asked, Carlo indignantly replied that that was a company secret.
The feds responded to this by placing a restraining order on the company, prohibiting it from accepting any further deposits while the investigation was proceeding. Carlo, glimpsing impending doom, hired the wellrespected William McMaster to handle public relations until the investigation blew over. This move did not turn out so well for our friend Carlo. Shortly after being hired, McMaster issued a statement to the press that the Securities Exchange Company had never conducted even a single foreign financial transaction.
Again, investors created a run on Carlo's company, and once again, Carlo appeared to weather the storm, even serving coffee and donuts to depositors as they waited. But eventually the toll of the investigation and revelations took their course, and more and more investors showed up to withdraw their money, until eventually the money ran out. On August 9, 1920, Carlo's bank issued a statement that it could no longer honour checks from the Securities Exchange Company. Two days later, Carlo's criminal record was released to the public.
Panic now gripped those investors who held back, and Carlo feared for his life. He asked for and received police protection. One by one, his assets were seized. First to go were Rose's mansion and their three luxury cars. Then Hanover Trust and J.P. Poole. As the investigation progressed, investigators discovered that Carlo at his height had 40,000 investors, and the total take was nearly $15 million, and this was back when hotdogs cost a nickel. On October 21, 1920, Carlo, now penniless, was sentenced to five years imprisonment for embezzlement. Released in 1924 and faced with further charges, he was once again imprisoned, this time for nine years. It was obvious to Carlo that his frauds had not worked out exactly as planned.
Out of jail again in 1934, Carlo was deported to Italy, where, sizing up a sucker if he ever saw one, he quickly offered his services to Mussolini. Once hired, Carlo dispelled any confidence in his claim to be any sort of financial wizard and was soon dismissed by Il Duce. Carlo next turned up with an Italian airline and was sent to Rio de Janeiro. Carlo had no sooner than arrived to take up his new duties when the airline abruptly folded. Stranded in Rio, Carlo Ponzi would end his days penniless, nearly blind, and partially paralysed. He died in a charity ward in Brazil in 1949.
As we all know, however, this would not be the end of the Ponzi scheme. Carlo Ponzi's spirit, if not his ghost, would live on under the tutelage of not the marketplace, but the state. Though Ponzi's great reputation as a financial wizard was tarnished and tattered, other men would come along to claim his mantle. Instead of falling into obscurity, the criminal scheme of a poor boy from Italy would be institutionalised as a system of deceit and privilege and thereby expanded into a racket the size and scope of which, with ingenious and elaborate rationalizations, not to mention decades-long duration, Carlo Ponzi surely couldn't have dared imagine.
The Social Security Act was ostensibly a fund to pay pensions, but it doubled as a hidden tax to fund a Treasury reserve fund for cloaking tax increases and higher government spending. Contributors to Social Security do not receive the returns from the money they paid into the "fund" in the past. Rather, just as in a Ponzi scheme, they are paid from the funds of current contributors (taxpayers), and these taxpayers will in turn be paid from the taxes paid by the generation that follows them. In other words, its purpose is the redistribution of income, not investment toward the production of new wealth.
The temptation to consume today what is due tomorrow is irresistible to politicians. Tax money is always spent. The essential deceits that lay behind Social Security are of course even more evident today. The socalled budget surpluses of the Clinton '90s exist solely as an accounting shell game in which surplus revenues generated from Social Security taxes are deposited with the U.S. Treasury and included as part of the general tax-revenue fund. In return, the Treasury then issues IOU's to the wildly misnamed Social Security Trust Fund. The IOU's are not included as liabilities in the federal debt, and are not included in the official U.S. budget.
A keen observer of FDR was John T. Flynn, who described Social Security's racketeering design. "The plan was to make the payroll tax big enough to pay the benefits, plus enough more to create a so-called reserve of $47 billion in 40 years. It was given the fraudulent name of Old-Age Reserve Fund. The Security Board would collect the taxes each year, use a small part of it to pay the pensions and put the rest in the "Fund." That is, it would lend it to the Treasury and the Treasury would then spend it for any purpose it had in mind. At the end of 40 years, Roosevelt was told, this money could be used to pay off the national debt."
This was sixty-five years ago, and of course, the deceit of Social Security allowed the accumulation of ever more debt, rather than the retirement of it, and the creation of an enormous "off-budget" slush fund. Carlo's scheme lasted less than a year, and was exposed by his own PR man. The government's Ponzi scheme has lasted through good times and bad, for more than half a century. This suggests that while Carlo Ponzi's brilliance lay in the creation of ingenious frauds, perhaps he should have plied his talents as a politician, where he would have been able to fleece his victims legally.

Penjelasan ringkas tentang e-gold

E-gold adalah emas yang disirkulasikan secara elektronik via internet। Konsepnya: Perusahaan e-gold Ltd., menyimpan emas dalam suatu tempat (vault) yang mana emas tersebut dipergunakan sebagai cadangan yang menopang emas yang diedarkan oleh e-gold Ltd. melalu internet. Nilai emas yang disimpan di e-gold adalah dalam berat emas. Yang mana dari waktu ke waktu bisa berubah seiring dengan perubahan harga emas internasional. Manfaat dari e-gold antara lain:

• Berbelanja online, misalnya di: goldstores।com
• Menyimpan emas secara praktis dan efisien,
• Melakukan pembayaran dari orang ke orang,
• E-commerce,
• Payroll,
• Membayar tagihan,
• Menyumbang,
• Spekulasi/trading

Disadur dari : http://greatachiever.com/hyip.html

Jika Anda berminat untuk memiliki rekening e-gold secara gratis, silakan kunjungi:

https://www.e-gold.com/e-gold.asp?cid=4512231

फॉर थे नेव वन ओं HYIP Monitors - What's real and what's not in the hyip world

Hyip montitors or hyip rating sites are sites where owners of hyip programs spend a little money in order to place their program in the hyip listings. The Hyip Monitor administrator then spends the money back in the program and communicates to the site visitors the performance of the program.

After a placement is made in the monitor, the listing will display a Waiting sign that tells if the hyip invest sites are paying or not. This means that the monitor admin is waiting to see if the hyip program delivers the payment. After the first Payment, the sign will change to Paying.

When there is something wrong with the program the sign will change to Problem. At this point in time it is advisable not to become an investor of any given hyip program.

Usually the Hyip Monitor will perform a little bit of due dilligence to help investors make an informed decision.

Beware: Hyips investments are supposed to be a fasttrack to generating

Picked From: http://business-blog1.spaces.live.com/

Scam Hyips

Most High Yield Investment Programs do not survive for very long , turning out to be a scam. Scam HYIPs are Ponzi schemes.A Ponzi scheme is an investment operation that involves paying abnormally high returns ("profits") to investors out of the money paid in by subsequent investors, rather than from net revenues generated by any real business.This approach allows the scam to continue as long as new investors are found and/or old investors leave their money in the scheme, known as compounding (because even higher profits are promised).

Picked From: http://business-blog1.spaces.live.com/

Mengamankan E-gold

Berbagai cara dilakukan oleh hacker untuk berusaha menguasai dan mengurasi isi rekening e-gold Anda. Berikut ini adalah berbagai cara untuk melindungi e-gold Anda:
1. Gunakan komputer pribadi, jangan meminjamkan komputer kepada orang lain, tanpa pengawasan Anda.
2. Gunakanlah min 15 kombinasi huruf (besar dan kecil), angka dan tanda baca untuk passphrase e-gold Anda. Jangan gunakan passphrase yg mudah ditebak spt nama, tgl ulang tahun, dsb.
3. Biasakan menulis passphrase dengan SRK.
4. Jangan simpan passphrase di harddisk, anda bisa menulis di kertas misalnya.
5. Ganti passphrase 1 minggu sekali.
6. Selalu login dari bookmark/favourite browser Anda. Pastikan: https://www.e-gold.com/acct/login.html
7. Jangan pernah Anda login dari link yang diberikan oleh e-mail, walaupun e-mail tersebut seolah-olah datangnya dari e-gold. E-gold.com tidak pernah mengirimkan e-mail berisi link kepada Anda.
8. Hindarilah untuk login e-gold dari tempat public, misalnya warnet, dsb. Pastikan Anda menggunakan SRK dan mengganti passphrase Anda, jika Anda harus akses rekening e- gold Anda dari tempat umum.
9. Sentinel (Accent PIN) di setting ke high (detect IP change) dan enable (browser change)
10. Bila anda melakukan spend e-gold dari web lain (misal web HYIP), pastikan url dimulai dengan https dan simbol gembok terkunci (secure).
11. Pastikan Anda menggunakan operating system, seperti Win-XP, yg ASLI (Original).
12. Install anti spyware dan anti virus di komputer (no crack software)
13. Jika memungkinkan aktifkan Firewall
14. Autoupdate antispyware, antivirus, dan windows anda.
15. Scan spyware dan virus minimal seminggu sekali (full scan)
16. Selalu log out setelah mengakses account anda.
17. Jangan mengunjungi situs yg aneh2 spt porno, crack, mp3, dsb.
18. jika Anda curiga komputer anda terkena virus, jangan segan-segan untuk melakukan full format!

Disadur dari Http://www.greatachiever.com/ by Mr. Fernandus AG

Introduce

No Much Words... Just For Money On Line