Beware! BlackGold has stopped paying! Do not invest there!

Hi everyone! I hope your Saturday has been going well for you so far whatever you’ve been getting up to. As for myself I have to say it’s been a slow day for news stories so haven’t got all that much to report on for you tonight. I’ll be getting to that in the news section in the second half of the update anyway, but I want to start with one of the more interesting medium to longer-term HYIPs, certainly one of the more original anyway, to come my way in recent times. It’s called BlackGold and you may have heard of them as they’ve already been online for around six weeks or so. Not exactly a brand new program then but still relatively fresh in comparison to the length of their investment plans as we shall see. So let’s take a closer look at them and the other main features and see if whether or not you think BlackGold might be a worthwhile addition to your own portfolios.

There are four distinct individual investment plans to choose from in BlackGold, though unfortunately I have to say most will be beyond the affordable price range for a lot of HYIP players. In that event you’re kinda stuck with the choice of either taking or leaving their first option, called simply The Basic Plan. The minimum requirement for joining is $10 and you can spend anything up to a $500 maximum. The term will then run for a duration of 30 business days (six weeks) during which BlackGold offer you a daily interest payment of 1% every day from Monday to Friday. It’s a pretty simple calculation therefore to conclude by the end of the term you will have earned 30% on your deposit. Clearly nowhere near a profit, so that only comes once the admin returns your principal as promised.

This is followed by The Standard Plan, something more suited towards the bigger spenders as it comes with a $501 minimum deposit to join. The length of the investment term stretches to 50 business days this time (ten weeks) while BlackGold are offering members an improved interest rate of 1.4% per business day. This adds up to a grand total of 70% by the end of the term. Still not enough to put you into profit while the plan is still actually running, this will again only happen with BlackGold‘s return of your principal. The maximum deposit allowed by them for this particular plan is capped at $2,000.

Anyone willing to get the ball rolling with a $2,001 minimum can take a look at The Optimal Plan, BlackGold‘s third option. For this one they are offering a daily interest payment of 1.6%, Monday to Friday only, and your principal back on expiry just like all the others. The term itself will run for 60 business days (12 weeks) which means your total payments amount to 96% which then becomes your net profit only after BlackGold have handed your principal back. The maximum you are allowed to spend for this plan is $10,000.

And lastly the remaining option for anyone seriously looking to spend from a $10,001 minimum up to a $100,000 maximum is called The VIP Plan. Unlikely to get many takers I know, but just for your information the term is 90 business days, the daily interest rate is 1.8%, and your principal is returned on expiry which means your interest payments which should have added up to 162% then becomes your net profit.

When it comes to payment options, I suppose it’s pretty average really. Most of the popular ones are there but not all. You can join BlackGold using any of EgoPay, PerfectMoney, or LibertyReserve. In that sense it’s nothing special and the program limits its own appeal by keeping it that way. The payments themselves are slightly unusually organized, though I have seen this done before. All the members get paid – as in get their accounts credited – at the same time. You’ll see a little clock on the BlackGold website counting down from 24:00 hours (or 48 at the weekend), indicating that at 00:00 hours all members due a payment will receive it. At that point it’s up to you to log into your private member account area and request the payout. After that all payments are processed instantly and should appear in your preferred e-currency account in under a minute, so on the upside things are at least organized very efficiently and you always know exactly when you are going to be paid.

One other quick point I need to make about the plans before moving on is that if you are using either PerfectMoney or EgoPay to join BlackGold, you may if you wish make a deposit in euros as well as dollars. I just described the plans in dollars as I know that’s what most readers prefer and are accustomed to using as the only currency for most HYIPs, but just be aware that the choice is there for you if you want it.

On the technical, design, and security side of things, the BlackGold website is SSL encrypted and hosted on a dedicated server. The hosting provider is 9xHost who I can’t say I remember coming across in the HYIP industry before, though the program’s DDoS protection comes from a separate provider and is done by CloudFlare. BlackGold are running off a unique and custom made script but is still easy enough to navigate. Just one minor issue you might want to keep in mind however, and it’s not really a complaint or a flaw as such, is that it’s not really worded very well. The admin and the developers wouldn’t really be English speakers, so while everything works well enough, it wouldn’t always be labeled as you’d expect. For example, when you get to the homepage you’ll find a tab marked “logging on” which in actual fact takes you to the registration page where you join the program, and another tab marked “arrival” which is actually where you log into your account. Like I said, nothing serious but just takes a little getting used to.

Also, like a lot of non GoldCoders scripts BlackGold will require you to fund your members account area first before then re-directing your money from your e-wallet to the plan you’ve decided to join. So from inside your members area you will see a tab that says “put or withdraw funds” which you’ll have to click on first, and then manage your money in or out from there. In addition to that as an added security feature you will be asked to set up a four digit PIN code for yourself when you join. You are going to need this code in order to make a withdrawal so please be very careful with it and keep it written down in a safe place. Nobody will be able to gain access to your money even if your account was somehow compromised, but without this code neither will you.

If you have any further questions for the admin or any account related issues that have to be dealt with then there are a couple of different channels you can go through to get in touch. And the good news is it’s multi-lingual. So to start with you’ll find the usual online customer support form which opens for you in a separate window by clicking the “please contact us by e-mail” link on the contacts page and you can then fill out and submit. BlackGold then have both a built-in Live Chat feature which I was pleased to see actually working unlike a lot of other HYIPs, as well as a Skype account which you can call or chat. Skype is it’s specified for English speakers only, however there are three individual telephone numbers listed for others. BlackGold have Chinese, Russian, and Spanish speaking assistants available there, and the website itself is also translated into those languages. And finally there’s a postal address in Beijing though I wouldn’t seriously expect anyone connected with BlackGold to be physically located there, given that whenever they’re even genuine at all these things are normally just serviced virtual offices used for correspondence.

Like I said everything seems quite unique and original, as are the texts and site content. They suggest that BlackGold‘s line of business (if the name didn’t give it away already) is in the trading of oil. Nothing really new there I guess and needless to say very little solid evidence that investors can verify for themselves. Not that I was going to suggest anyone waste their time looking for something not there anyway. Don’t treat them like anything other than an online HYIP. It’s really hard to say how popular this one could become, because a lot of the gains made by BlackGold‘s originality are undone by the absence of STP in their payment options and low interest plans where you don’t see a profit until after the term has expired. That last point does mean they might be more sustainable, yes, but people still don’t like it. So just to finish let me just remind anyone new to the HYIP industry that there are no guarantees so if you think BlackGold (or any other program for that matter) worthy of a gamble then stay within a sensible spending limit you can afford to lose, and try to keep a wide and diverse portfolio.

DAILY NEWS FROM THE INDUSTRY

XPROFIT – ONE MONTH ONLINE AND PAYING

After three weeks on MNO and a month online XProfit continues paying on both of their daily plans – 10% for 15 days (principal included), and 3% for 60 days (principal back). Two cycles of the 15 day plan have been completed by now, with the first payments on the 1000% after 30 days plan also due. Returns on the 1500% after 60 days plan are still some time off. What’s even better is that all the withdrawals to SolidTrustPay, EgoPay, LibertyReserve and PerfectMoney are processed instantly, so you should expect to get your money within a few seconds of your request. XProfit was first reviewed on MNO here and I believe I gave a pretty good description of the most important features to readers, many of whom will have profited from the shortest investment plan already. This is definitely what brought the program to the #7 spot of the currently 29 programs listed on my monitor’s Premium section. As the admin explained in today’s newsletter to investors, he was deliberately silent during the first weeks online as he firmly believed that actions speak louder than words. I’m just glad to see XProfit performing so well, and hope that it will continue for many more months to come:

“XProfit 30 Days Online
We are happy to announce that XProfit has been online for 30 days. All withdraws to Libertyreserve, Perfectmoney, and Solidtrustpay are processed instantly while manually to Egopay. We did not publish much news in the first month. We always think that it is better do than say. Thank you very much for investors who trust us and have invested us.
Best Regards. XProfit”.

SIMPLYTWELVE – SOLIDTRUSTPAY ADDED

Some good news came today from the admin of SimplyTwelve – the members can now invest via SolidTrustPay. This becomes the fourth processor, now joining EgoPay, PerfectMoney, and LibertyReserve. I remind you that SimplyTwelve offers two investment plans – 12% for 12 days and 166% after 12 days – hence the name. So far all the withdrawals to EgoPay, PerfectMoney, and LibertyReserve have been processed instantly, but until it’s all tweaked correctly the withdrawals to STP for now will be processed manually by the admin, which shouldn’t take long anyway. For the existing members of SimplyTwelve who would like to add an STP account to their profiles can easily do so by clicking “Edit Profile” tab in your member’s area. The minimum to invest in both plans in SimplyTwelve starts from $5 in each, so it’s affordable for all. A more detailed review of SimplyTwelve will be published tomorrow. Stay tuned for that and read the latest news below:

“SolidTrustPay Integrated
I am glad to announce that we have finally added SolidTrustPay as one of accepted payment methods at SimplyTwelve. You can now login to your account and invest directly from SolidTrustPay.
Thank you!
Paul Wayne (Administrator SimplyTwelve).”

AUSTRALIANBUSINESSGROUP – BACK ONLINE AFTER SOME ISSUES

AustralianBusinessGroup (reviewed here) finally came back online after some downtime. And as payouts resumed as well, the program returns to Paying status on MNO. The admin explained the recent downtime as a problem with their hosting provider and promised to bring a nice new layout for the website soon, and even gave a sneak peak of a new logo for AustralianBusinessGroup being worked on now as a part of that. It’s been online for almost a year now having been launched back in the end of May 2012. It’s a really remarkable achievement for this type of program and the first investors should comfortably be in profit from the plans by now – 1% for 15 business days, 1.4% for 30 business days, 1.8% for 55 business days, 2.2% for 80 business days. All plans return your principal on expiry of the term and the minimum to invest only starts from only $1. Originally the program only accepted LibertyReserve and PerfectMoney, but a few weeks ago SolidTrustPay was added which definitely attracted more investors to this wonderful project. Here’s the latest newsletter from AustralianBusinessGroup issued tonight, after the downtime was over and the program was back to normal:

“News 05/12/2013
There were problems on the side the hosting-provider. Sorry for the any inconvenience. We work in the same mode. Soon there will be a new, more informative design our site.
Look at a new logo for future site.
http://i.imgur.com/RJZGufk.png”.

GET PAID REPORT FOR 11/05/2013

Here is the list of the programs from my monitor that paid me for the last 24 hours:
From MNO Sticky list: After100Days.
From MNO Premium list: Money&Credit, RewardsWeekly, NorthlandOpps, MalaysianINC, LuxuryLife, XProfit, MoneyInSports, AbsoluteGainFenix, RFIGroup, EmpireFinanceGroup, Jango,  EarningAlliance, SecureAssets, PrimeInvest, EuroStar, SimplyTwelve, AuroraUnion, AdroCapital, BlackGold, TetraFunds (the first payment received).
From MNO Standard list: AustralianBusinessGroup, PureIncome.
From MNO Basic list: InvestmentCapital, MainaLimited, 12DailyFund, TheInvestmentBank, SloansLoans, FiamaCorp, SanderaGroup, TrustedWithdraw (the first instant payments received), STFunds (the first payment received).

That’s all the news for a typically lazy Saturday in the HYIP industry. I hope to see you again tomorrow for the latest news from the monitored programs on my site along with a full review of SimplyTwelve. Stay tuned and see you then, folks!