24/05/09. GoldNuggetInvest Updated Review and Other News

GNI IS CURRENTLY HAVING SERIOUS CASHFLOW ISSUES! IT’S THEREFORE NOT RECOMMENDED TO INVEST THERE FOR THE TIME BEING!

Hi guys! I hope you’re all having a nice weekend so far. It feels like the warmest day of the year so far where I am and I’m looking forward to many more like it this summer. Anyway for today’s review I’ve decided it was long overdue to go back and and take a second look at an old friend of money-news-online. The tried and tested (not to mention trusted) GoldNuggetInvest. Regular readers will probably be aware that in the last couple of months I have given over some space on my blog to second follow-up interviews with the admins of some programs I had already interviewed some months earlier. More recently I thought it mightn’t be a bad idea to look back a couple of the longest running and most successful programs and to re-evaluate them.

So today will be the turn of GoldNuggetInvest. I first became vaguely aware of them a couple of years back but never thought too much about them as at that time they were a private members only program and not available to the wider online investing community. All that changed last year when it was decided to open it up the general public and the rest as they say is history. I first became involved with them as a member in October of 2008 and let me tell you that I have never regretted a single minute of it. I have been in this industry for a good number of years now and let me tell you honestly that I list GoldNuggetInvest as being very comfortably in the top five programs I have ever seen. With regards to long term low ROI programs, it’s probably the best.

Now of course most of you already know I’m simply a huge fan here, that’s never been a secret. But what I want to do today is take a closer look at some of the changes that have taken place since I last reviewed them all those months ago. I’ll try to be as brief as possible with anything I’ve covered in the past (for that you can always see my last review published here) and concentrate instead on the practical steps of becoming a member and on how the plans have changed.

To start with, just in case anybody out there really has been living under a rock for the last eight months or was working on a space station or something and really doesn’t know what GoldNuggetInvest is all about, it’s a long term low rate of interest HYIP that is based around gambling on sports events. Not just gambling but arbitrage betting. In simplified terms that’s taking advantage of the fact that different bookmakers will always offer you different odds on any given event. Arbitrage betting involves spreading the bet between different bookmakers to then ensure that you will have one winning bet regardless of the outcome and that this winning bet will not only cancel the losses from the other bets, but leave you with a handsome profit for your efforts. It’s already been covered on my blog before so I won’t go on about it at length again. Don’t worry if it’s not so clear to you though, I interviewed the admin Robert Spearman twice and he explained the whole process much more eloquently than I ever could. You can read the interviews here and here.

The change in GoldNuggetInvest that most people will notice first is the plans. There have been a few adjustments made here and just like everything else in GNI, it’s not without good reason. The daily payment plan has been scrapped and you now only have a choice between plans that pay weekly. The membership of GoldNuggetInvest now numbers several thousand so it must be agreed that the logistics of making daily payouts to so many people must have been an absolute nightmare. The decision to scrap it was the right one and anything that benefits the program ultimately benefits the members. So what are our options now? Well first of all there is the Weekly Fixed plan. You will need a minimum of $50 to invest here and can spend anything up to a maximum of $20,000. In return for that you will receive a fixed weekly payment of 6%. So if you invest $100 you will earn $6 per week. Invest $1000 and get $60 per week.

The next plan is called the Weekly Fixed Premium plan and is strictly for the high rollers. It is both profitable and sustainable, but with a $21,000 minimum it’s simply not affordable to most. It works the same way as the previous plan except this time it offers a weekly return of 7.5% on your principal which can be anything from $21,000 to a maximum of $50,000. At that rate of interest your principal will be earned back in a period of 14 weeks and everything after that is again a steady passive income. Take the bare minimum as an example. An investment of that size will earn you $1575 per week. At this point in any review I would usually advise anybody with that kind of money to spare to do absolutely anything with it except put it into an HYIP. Not this time. This is no scam and there are many investors out there who will happily vouch for it. In fact I know several people in this plan myself and none of them have ever looked back. Granted it’s a massive leap of faith, but $21,000 to purchase a weekly pay check of $1575 is simply not an opportunity to be missed. To put it into perspective, it adds up to almost $82,000 per year which is approximately what a lot of commercial airline pilots might expect to earn. Except you don’t have to leave your sitting room.

There is one more plan available from GoldNuggetInvest and it is the most recent to be added. It’s called the Fixed Weekly Rollover plan and it was introduced last February. I suppose if I was to over simplify it I could call it almost a type of compounding (actual compounding itself not being allowed). It works out like this: If you are already in either of the afore mentioned plans but would prefer not to withdraw your weekly payment, either in whole or in part, you may choose to re-deposit some of it here where you will earn a reduced rate of interest. Deposits begin at a minimum of $3 and go to a maximum of $1000. For this you will be paid a daily rate of interest of 0.8% five days per week, Monday through Friday. This will give you a total of 4% profit per week. Like the others, there is no expiry date on this one either so the money stays put as long as you want it to. So the next question is why would you want to join this plan when there is a better return available elsewhere? Well it’s quite simple. In order to join this plan you must first already be a member of one of the other two plans. This is available to those who wish to re-invest their profit but can’t because of the minimum investment rule.

Here is an example. Let’s pretend I am a member of the Weekly Fixed plan with a deposit of $100. That means I earn $6 per week on that. So what if I prefer not to withdraw that $6? I’d like to re-invest it but I can’t because the minimum deposit is $50 and compounding isn’t allowed. So the perfect option is to just put it in here and allow it to grow until such a time as I decide to withdraw. It was added by the way at the request of the members which goes to prove that the management of GoldNuggetInvest takes its investors seriously. Other than that I only need to point out that you need to request your payouts and they will be made everyday except Sunday.

A couple of other quick points about investing here. First of all it’s what I could call a “perpetual” program. By that I mean there is no expiry date. Once you make a deposit, that’s it. You earn a permanent fixed weekly income based on the size of your deposit. Of course you are free to withdraw from the program at anytime after you have participated for 30 days and request your principal be returned in full. There are no fees for doing this, although why anybody would want to leave is simply beyond my comprehension. There are some larger investors earning a decent living wage from GoldNuggetInvest and it didn’t cost the earth to get it. For instance, if you are in the Weekly Fixed plan you will recoup your principal after 17 weeks which is not a lot of time considering they are almost three years old. Every cent you earn after that is pure profit and you can consider as a passive income. And it will last for as long as you want it to last.

The other thing I need to point out is the payment options. This is as good a list as you will see on any HYIP. It’s been improved tremendously since the program was last reviewed on my blog. The expanded list now includes StrictPay, SolidTrustPay, PerfectMoney, V-Money, LibertyReserve, and most recently, bank wires. This last option is arguably the most significant as it comes in the wake of GoldNuggetInvest becoming incorporated as a legally registered company. To request a bank wire will cost you a flat fee of $20, but when you take the commission fees charged by your payment processor and the added comfort, convenience and security of having your money placed directly into the safest possible place to keep it, then I think it’s worth it. Even more so if you are one of the bigger investors with a Weekly Fixed Premium account.

There is very little I can add here that I haven’t said a thousand times on my blog before. These plans have been proven thoroughly time and time again to be profitable to the members and the long term stability and sustainability have, I think it fair to say, been firmly established by now. The simple fact of the matter is that everybody who has gotten involved with GoldNuggetInvest up to now has come away from the experience with more money in their pocket than they started with. There have been no exceptions to this and that is the single best endorsement I can offer any online investment program.

There have also been a few well publicized improvements on the security front as well. Again everything here is for the long term benefit of the investor. Every website experiencing the kind of traffic that GNI gets is going to have it’s share of technical problems along the way. The fact that they are operating in the online investment industry however means that you can throw hackers and DdoS attacks in to the mix along with all the other pitfalls that go with a regular online business. GNI has met them all head on and has come out on top every time. Be they script issues, DdoS attacks, their recent server change, or whatever, the payments to the members have been completed successfully every time and that to me indicates that we are dealing with perhaps the best, the most competent, and the most professional administration team in the industry today. If there is a superior crew to Robert, Jurgen, Artur, and Todd out there today, well, I don’t know who they are. Anyway they continue to be hosted on a dedicated server by Black Lotus and they have as I mentioned above recently transferred to a new server with the maximum level of protection (“enterprise level”) from DdoS attacks. The other main security features remain unchanged with a customized and licensed script and their One-Time Pin IP change feature in place, which you will need if accessing your site from different computers.

The final point I would like to make on the changes made in GoldNuggetInvest concerns the very welcome news that they are now officially incorporated as a fully licensed and legal business entity in Belize. Not their native country but that’s totally irrelevant when we are talking about an internet based company like this one. The real benefit of this is that by now being recognized as a legitimate company they are protected both by the law and from the law. From the law? That means they now have official legal sanction to conduct their business under the laws of their own jurisdiction without fear of being shut down by outside authorities.

So how can I sum this all up? I can only say that in all my years in this industry, both as a regular investor and as an observer and blogger, watching the evolution of GoldNuggetInvest from its opening to the general public last year into the business we see in front of us today has been one of the absolute highlights. This really is what so many people are looking for. But more that that, GoldNuggetInvest is what you deserve. In a business invested with scams and con-men, this really is a shining example of what this industry can be. At the risk of repeating myself, everybody who has joined has made money from it. And if I can play a small part in bringing this to you and helping you to share in that success, well, that’s the main reason I ever started money-news-online.

Other news for today.

As you know I didn’t updat my news section yesterday because over the weekend there wasn’t really a whole lot to report. One of the most interesting developments I did notice though was the addition of a new “C” plan of 190%-270% after 16 days in UnitFX (reviewed here). If you remember the review I published on my blog a couple of days ago I suggested you might be better off in plan “A” offering 15%-17.5% with daily direct payouts to your LR or PM accounts. Plan “B” was riskier one but offered you a more enticing 130%-160% after 8 days (depending on the amount deposited). So far UnitFX has been nothing less than perfect and all the payouts have been done in time with absolutely no need to request them. Yes, definitely the direct payouts together with great design and BlockDos protection are the things that attract investors to deposit into UnitFX. Just don’t forget that UnitFX is an HYIP program and therefore it’s a risky venture. That’s why the plan with daily payouts are prefered by investors that like to minimize the risks. The conclusion: the last plan “C” is intended to those people who like to risk with their money but with the possible reward of almost doubling your principal in only 16 days might be a very attractive feature to somebody.

The admin of Ivy-Castle (reviewed here) warned of possible issues you may encounter when you try to withdraw your profits via LR. As you might know the withdrawals to LibertyReserve are usually processed by Ivy-Castle system instantly but due to some unforeseen circumstances discussed in the update sometimes your withdrawal can go to pending status and be processed afterwards:
“Because the web hosting doing some test for the software upgrade, so maybe you will encounter some little problem in these days. For example: sometimes the auto- payment system doesn’t work if you wanna get payment via LibertyReserve. But please don’t worry about this problem, we will process your request ASAP, and all these problem will solve after the system upgrade finished.”

AmericanWorkGroup site is not available at their old address. The admin explained to me that their domain was suspended due to the fact that they are an HYIP. Probably the admin didn’t check it properly before buying a domain name (as far as I know some providers will not allow HYIPs). Of course, he should have checked it earlier before their domain was suspended. On the other hand, he promised that the problem would be solved very soon and mentioned to me that it would not affect the site which would be working as usual until he gets a new domain. I have changed all the links on my blog already and you can access AmericanWorkGroup via a temporary URL. By the way, here is another update from the admin of AmericanWorkGroup which I just received to my email:
“Dear investors! Our domain americanworkgroup.com blocked, fraud complaints, and extortionists, they have every day, we threaten and extort money, and Letters bad votes on monitors. Please be patient, we will try in the next 2 days to move to another domain americanworkgroup.net but for this we need to move a database, I hope in your patience.”

Poplans (reviewed here) increased the profit plans again and especially it applies to the hourly plan which is now paying 0.12%-0.21% hourly for 5 days. The main 10 day plan profits have been increased as well and now you will be paid 13.21%-17.21% for 10 days. So even on lowest paying levels in Poplans you will be earning 114.4% in 5 days (hourly plans) and 132% in 10 days (10 day plan). The question remains: will it be sustainable in the long run? So far Poplans have been paying in time although I have monitored it for 4 weeks now but the program has been online for about two months. Surely that’s already a great achievement for such a high-ROI program as this.

Those of you who have accounts in SolidTrustPay and haven’t changed your passwords in this payment processor for a long time should by now have been contacted by the administration. They have been offered the password reset to increase the safety of their sensitive information. As you know the safety and security of any payment processor remains one of the main priorities and I support STP’s decision to make members change their passwords from time to time. Here is the update from them:
“We have flagged some accounts for a forced password reset. If you have received an email containing a new password, the email is legitimate.
If you have received such an email, you will be asked to update your passwords the next time you login. Thank you for your cooperation!”

By the way, if you want to make exchanges using three major e-currencies: LibertyReserve, StrictPay and SolidTrustPay I recommend you use Xchanger. As you might remember the first Xchanger with another extension and the same script was opened some time ago by the ex-admin of AggeroInvestment program Roger. After his program collapsed some jealous members of his program made a complaint to their hosting provider which forced Xchanger to close their doors for good. Anyway, Roger’s reputation was very then badly tainted especially when it appeared that he had multiple accounts on MMG forum. Anyway, long story short. The demand for LR-STP-SP exchangers is still enormous and all the other exchangers which I know either refuse to make such exchanges or process them with some enormous delays. That’s why it was decided to re-open Xchanger on another domain by the reputable MMG member “syber90″ or Andrei (his real name) with the collaboration with Gotenks, the famous programmer who was responsible for AggeroInvestment and the previous Xchanger script. I was kinda cautious about making an exchange with them knowing that it might be somehow connected with the failed site. However seeing only the positive feedback on MMG forum I made a decision to try them out and exchanged some LibertyReserve to SolidTrustPay. Well, I got the funds to my STP account in less than two hours and can’t complain about their service. I have already contacted the admin of a new Xchanger Andrei and requested an interview for my blog. Hopefully he will agree to do it as I consider his Xchanger as a very competitive venture which is building their positive reputation little by little. The rates are very competitive as well and now the promo offer is on: any exchange from LR to STP or SP is being processed for 0% fee. Yes, that’s true and it’s a promotional offer so it won’t last forever. More on Xchanger on my blog soon so stay tuned for that!

It seems that the admin of TheDollarDiggers Thomas is trying to make his program really different from others so he decided to incorporate a cycler into it:
“I am really a fan of cycler programs and as I have said in the Homepage of TDD, I originally wanted to start and run my own Cycler but opened an Autosurf program instead.
However this past days and nights I was thinking of collaborating a Cycler into TDD. Of course the first reason is to help members earn more and help TDD be one of the best and unique programs online. We already have Paid to Click area as an added way for members to earn.
So today I am presenting to you, Free and Upgraded members of TDD, a Cycler Plan that will give you 200% return.
So here is the latest details on how the Cycler Plan will work.
Cycler Plan – 300% Amount: $5, 200% to earn, 100% to be invested in the Surf program, Digger Plan
Once an upgrade cycles, the 200% will be put in a members account balance ready to be withdrawn anytime he likes. The 100% will be put as an upgrade that will earn 2% daily for 15 days.
So it means that you already earned 100% from your upgrade that cycled from the Cycler Plan and you will again earn 30% from the same upgrade when it matures at 15 days in the Digger Plan.
Example: $5 x 300% = $15
$5 x 200% = $10, will be put into the members account balance
$5 x 100% = $5, will be put as an upgrade in the Digger Plan“.
Well, to tell you the truth I’m not into cyclers myself but if you want to try something different then definitely you are welcome to use this new cycler that has been launched in TheDollarDiggers. I reming you that the program has one manual surf plan that pays you 2% for 15 days with daily payouts and principal returned on expiry. TheDollarDiggers is now in Soft Launch stage and I am going to review it on my blog once it will officially launch on June, the 1st.

Another program that I joined yesterday is CorpusTrust. And in my honest opinion it might turn into something big. CorpusTrust uses a totally customized script with CryptoCard which you might have encountered if you were a member of the now defunct payment processor e-Bullion. CorpusTrust is the only program to my memory that has a verification process and you can choose if you wish to verify your account or not. Although I don’t know the purpose of this because CorpusTrust though providing us with a Maltese address is not incorporated properly as a legitimate business entity. So why I should give some personal info to some HYIP I really have no idea. The minimum to invest in CorpusTrust is quite high at $30 if you decide to invest via LibertyReserve or PerfectMoney and $100 if you’re investing via SolidTrustPay and StrictPay. The investment period in CorpusTrust is 180 business days after which you principal is to be returned in full. You can request your principal back at any time although a 35% fee will be apply. For deposits less than $5K the rates of interest are the following: 1.2% every trading day if while making the deposit you choose to receive your profits weekly (on Mondays) and 1.25% every trading day if you choose monthly payments (you will be able to withdraw on every 1st of every month then). For the amounts more than $5K the higher rates of 1.35%-1.6% are offered. I will be discussing the plans offered by CorpusTrust program in detail in my upcoming review which is going to be published on my blog after I receive my first payment from that program. Besides a totally customized script I would like to mention that the domain of CorpusTrust is registered for 5 years and the program is DDoS-protected by Dragonara (they are the ones protecting the PerfectMoney payment processor). My general opinion of CorpusTrust would be cautiously positive and I can see with the naked eye that the program is intended to run long term and possibly will become one of the biggest in the near future. On the downside however, we see small interest rates which will only see you break even after about 3 months, an overcomplicated process of investing and in my opinion the absolutely pointless use of CryptoCard and verification of accounts make me wonder if CorpusTrust is really going to succeed. Anyway, I will return to this program and try to review it in detail once I get the first payment from it. Stay tuned for that!

The programs that paid me for the last 48 hours include the following: SigmaTral, Fexity, TheDollarDiggers, ForexExperts, Poplans, EwoCapital, Ivy-Castle, CascoFunds, HighRiseFinance, GeniusFunds, SteadyGrowthInvest, AsianInvestGroup, NorthBizz, LonixFinance, UnitFX, DamexTrade, OakCash, NovalexFinance, SilverLodge, GoldNuggetInvest, MajorBarter, EdwardBrownInvestments, EnscoOffshore, USDozen, GearsOfProfit, NanoMoneyCorp and TraderSolid. That’s all for today guys. See you tomorrow!