{"id":4899,"date":"2011-02-02T20:35:13","date_gmt":"2011-02-02T20:35:13","guid":{"rendered":"http:\/\/money-news-online.com\/blog\/?p=4899"},"modified":"2011-02-10T12:44:48","modified_gmt":"2011-02-10T12:44:48","slug":"02022010-midasgoldfund-review-and-daily-news-from-the-industry","status":"publish","type":"post","link":"https:\/\/money-news-online.com\/blog\/2011\/02\/02\/02022010-midasgoldfund-review-and-daily-news-from-the-industry\/","title":{"rendered":"02\/02\/2011. MidasGoldFund Review and Daily News from the Industry"},"content":{"rendered":"

Hi all! Pretty often in this industry you’ll see programs that try to combine the sustainability of long term HYIPs with the \u201cfast buck\u201d appeal of short term ones \u2013 in other words programs that pay low interest rates but complete their investment cycles in a month or less. And it has to be said that this approach has on occasion been quite a successful one with numerous recent examples. One of which is a program called MidasGoldFund<\/a> which I want to have a closer look at today before we move onto the news.
\n\"\"<\/a>
\nOne thing that can often hold back these short term low interest HYIPs is longer waiting period \u2013 relative to other short term HYIPs \u2013 you have before you see an actual profit, the success of your investment basically hinging on the return of your principal. But once the first cycle is completed investors often do get a bit more enthusiastic, so let’s see how MidasGoldFund<\/a> develops on that front in the coming weeks. For now what they are offering is a series of plans all running for 30 calendar days<\/strong>, making daily interest payments based on the size of your deposit, and returning your principal on expiry<\/strong>.<\/p>\n

The first plan, and due to the costs involved almost certain to be far and away the most popular, is open to deposits from a $10 minimum to a $1,000 maximum. For the duration of the 30 day term<\/strong> MidasGoldFund<\/a> are offering a daily payment of 1.7%<\/strong> interest on that, with your initial deposit returned at the end. So the total profit adds up to 51% on top of what you originally invested.<\/p>\n

Subsequent plans are a bit more ambitious and really aimed at a minority of HYIP players that still make four figure investments. For example the second, running for 30 days<\/strong> just like the others, will cost you a $1,001 minimum to join. In return MidasGoldFund<\/a> offer a daily payment of 1.9%<\/strong>. That accumulates to a profit total of 57% on top of your initial deposit which is then returned. Maximum investment for this plan is $1999.<\/p>\n

An investment between $2000 up to $2,999 will earn you a daily interest payment of 2.1% for 30 calendar days<\/strong>. That brings in a total of 63% of your investment which can be considered profit after MidasGoldFund<\/a> return your principal.<\/p>\n

A $3000 investment will earn you a daily<\/strong> rebate of 2.3% interest<\/strong> for the duration of the plan. This amount every day will eventually amount to a total of 69% in interest payments, again only to be counted as profit upon the successful return of your principal. Maximum spend for this offer is $3,999.<\/p>\n

Other offers from MidasGoldFund<\/a> for the bigger investors include 2.5% interest per day <\/strong>on deposits between $4,000 and $4,999 giving you a total profit of 75% once your principal is returned. And finally for deposits of $5,000 and upwards with no stated maximum the daily interest rate is 2.7%<\/strong>, giving a final return of 81% in profits on top of your initial principal.<\/p>\n

The list of payment options isn’t bad and overall up to a fair enough industry standard. MidasGoldFund<\/a> are accepting AlertPay, LibertyReserve, and PerfectMoney<\/strong>. Payments are made manually and so will need to be requested. Once you’ve logged into your member’s account area and made your withdrawal you are then required to allow the admin up to 24 hours to get everything processed and see the money in your e-currency account.<\/p>\n

The security of MidasGoldFund<\/a> is also up to acceptable industry standards as well, with the program running off a licensed GoldCoders script and the website using SSL encryption for an added safety net. The web design is also pretty good. It’s quite attractive with some nice graphics while being practical at the same time, easy to navigate and user friendly. Hosting is on a dedicated server with protection and support provided by Dragonara. The admin, who calls himself Warren Lincoln, also describes himself as the president of MidasGoldFund<\/a>. So of course I just can’t resist calling him President Lincoln, lol! But if you need to contact their support with any account related issues or indeed any further questions you may have before spending your money you can write to them by filling in your details on the ticketing form found on the contacts page.<\/p>\n

Texts appear original though to be blunt \u2013 and this is of course typically the case for online HYI programs \u2013 there is little one can actually verify. But for what it’s worth MidasGoldFund<\/a> describe themselves as a \u201cprivately held investment company involved in the trading of precious metals<\/em>\u201d. As always you are free to research that to the ends of the Earth if you feel it’s of more importance than I do, and also as always I would suggest you just approach the project like any other anonymous internet investment scheme and always protect yourself first and foremost when getting involved. So again stay within a spending range that’s comfortably affordable to you and use MidasGoldFund<\/a> as a smaller part of a wider investment portfolio.<\/p>\n

DAILY NEWS FROM THE INDUSTRY.<\/strong><\/p>\n

Staying on the topic of MidasGoldFund<\/a> which was just reviewed. I think you noticed that the site was not available for a couple of hours last night. Apparently, it was the first DDoS attack on them which had been successfully mitigated by Dragonara. The admin issued a short newsletter straight after the site came back online:
\n\u201cHello to all Investors,
\nThis is Warren Lincoln, President of MidasGoldFund<\/a>. We suffered our first DDOS attack today, and it was quite large. Thank You to Dragonara.net for filtering it. Considering we have just opened to public investment, someone must have saw us a threat to the good of the industry. Thank you for bearing with us.
\nSincerely, Warren Lincoln
\nPresident. MidasGoldFund<\/a><\/em>\u201d.
\nI think it shows that the site already has some dishonest competitors trying their best to bring it down which shows that MidasGoldFund<\/a> could become a prominent player in the HYIP market soon. We will wait and see what happens next!<\/p>\n

Please note that due to the InvestPlatforms<\/a> team being allegedly located in Asia they will be celebrating the Chinese new year for a couple of days starting today. Accounts in the program will not be credited with the usual daily profit in the period specified in the update posted on their site:
\n\u201cNo Interest on Chinese New Year
\nDear Members,
\nThere will be no daily interest for the Gold and Platinum account during Chinese New Year period on 2nd, 3rd & 04th Feb 2010
\nOur office will be close from 1st Feb – 6 Feb, All business and support team will be resume the service on 07th Feb 2011.
\nAll withdrawal request will be proceed as usual within 72hrs.
\nRegards. Sandy Lam. Support Manager<\/em>\u201d.
\nWhile the withdrawal requests will still be processed in time I see no reason why we should worry about the program yet. Of course there was also a 2% cash bonus introduced recently but I doubt that such a small amount will attract too many investors overnight and will bring the program to collapse. I remind you that InvestPlatforms<\/a> (reviewed here<\/a>) is an extremely low-ROI program offering investments via AlertPay, LibertyReserve and PerfectMoney to the following plans – 1.2%-2% daily variable for 120 calendar days with principal back on expiry and payments processed on business days only and various monthly plans with fixed interest.<\/p>\n

I just got an email from the admin of DollarCommerce<\/a> Christopher who is tirelessly working on the site to make it even better and easier to use for his members. Today another new video has been released on the DollarCommerce<\/a> TV channel where a pretty girl called Charisma is talking about the investment plans offered by DollarCommerce<\/a> – 106% after 3 days, 115% after 5 days, and 140% after 10 days which you can deposit via AlertPay, LibertyReserve and PerfectMoney. Please check out this video as it’s very easy to watch and is very easy to understand even for non-English speaking customers. This innovative approach by the admin (read the first chat transcript with him here<\/a>) proved to be popular with another admin who immediately stole the idea and made some cheap copies. Well, I guess it’s ok when some great ideas are taken by others less inventive as it was always like this in HYIP industry. You know that many ideas on MNO were already copied by other bloggers so I know what I’m talking about. But the originality was always the best asset which I think helped DollarCommerce<\/a> last for an amazing 50 days now. Tonight I’m sending the first proper MNO interview to the admin and hopefully I will get a reply from him soon. In addition, Christopher also expressed his interest in doing a second Live Chat<\/a> session on MNO next week so stay tuned for more info. The second useful addition to DollarCommerce<\/a> was the introduction of Maxivote which proved to be a handy feature for other sites which allows members to support their favorite program by voting on all the biggest monitoring sites with a single click. The latest news from DollarCommerce (reviewed here<\/a>) is below:
\n\u201cHello DollarCommerce<\/a> members! Just two quick updates this time.
\n1. New video has just been released in DollarCommerce TV!<\/strong>
\nThis time the video is more informative – it explains how DollarCommerce<\/a> investment plans work. There are also examples being given of investments into each plan. I hope you find it interesting and useful for some. Stay tuned for the third episode and it’s going to be published within next days! As usual, here’s the official DollarCommerce<\/a> TV page: http:\/\/www.dollarcommerce.net\/?a=cust&page=tv<\/a>
\n2. MaxiVote – voting has never been easier!<\/strong>
\nI have just implemented this awesome voting feature. With just a single vote you will have voted on all DollarCommerce monitors! This makes voting really simple and unbelievable speedy. Just open the MaxiVote banner image and leave your vote! It’s that easy. Here’s the page: http:\/\/www.dollarcommerce.net\/?a=cust&page=rateus<\/a>
\nThank you for staying with us, Christopher Baker<\/em>\u201d.<\/p>\n

I’m publishing this following update on my blog just before the Live Chat<\/a> session with KlickWallet<\/a> admin Andrew (interviewed here<\/a>) starts in the MNO Chat<\/a> room. I hope you will find it enjoyable but if you somehow miss it don’t forget to check out MNO forum thread<\/a> where I publish all the chat transcripts. The transcript will be available for reading straight after it’s finished and I will also let you all know tomorrow on how it all went. Please note that there will be some cash prizes awarded to members of MNO Chat<\/a> who participate in the discussion. So you will be able not only to get acquainted with the admin of KlickWallet<\/a> but also try your luck in winning a prize. Here is the reminder sent out by Andrew to all his members a few hours ago:
\n\u201cHey guys,
\nI would like to remind you that we will have live chat conference today at Money-News-Online.com chat. If you have questions, feel free to join us. I would be happy to see you all there so dont miss it. Live chat conference will start at 21:00 GMT, see you there.
\nBest regards, Andrew Bridge
\nKlickWallet<\/a> Admin<\/em>\u201d.
\nI discovered today that withdrawals to AlertPay are processed instantly to all the plans offered by the program: 107%-115% after 5 days, 127%-140% after 10 days, and 170%-200% after 20 days. I’m not aware if it’s just temporary solution or AlertPay withdrawals will be processed instantly from now on as Andrew hasn’t specified that yet. I guess we can find out about that in the MNO Live session later. So stay tuned for more tonight and if you want to find out more about KlickWallet<\/a> and its investment plans please check out my detailed review published here<\/a>.<\/p>\n

I was paid today from the following programs featured on MNO Premium and Standard listings:
\nOilCapital<\/a>, AssetManagement<\/a>, ExtraIncome<\/a>, ReProFinance<\/a>, GorgonProjectInvest<\/a>, Escaliva<\/a>, DollarCommerce<\/a>, MidasGoldFund<\/a>, KlickWallet<\/a>, GainBucks<\/a>, AccessTomorrow<\/a>, IncomeLadder<\/a>, SilverDigger<\/a>, BentleyClub<\/a>, Businex<\/a>, FondosMayores<\/a>, UnicornInv<\/a> and ForexTradingTeam<\/a> (the first instant payment received).<\/p>\n

As you can see ForexTradingTeam<\/a> is the newest addition to MNO listing. The program just launched yesterday and offers instant payouts to LibertyReserve, PerfectMoney and AlertPay paying 2%-3% for 200 business days with the principal returned on expiry. The possibility to get 500%-700% on your investment with ForexTradingTeam<\/a> is very tempting especially considering that you can withdraw your principal with a fee before the expiry date and set up a compounding level of your choice. The minimum to invest in ForexTradingTean<\/a> is a very affordable $10 and the daily interest rate will be fixed for the duration of your investment and is dependent on the amount you deposit. The site is running off a licensed script supplied by GoldCoders, SSL-secured and is hosted on a dedicated Staminus server with DdoS-protection provided by ethProxy.com (quite a new site to me when it comes to HYIPs). More on ForexTradingTeam<\/a> will be available on my blog tomorrow but meanwhile you can find the two first updates that were posted by the admin just last night:
\n\u201cForexTradingTeam<\/a> is pleased to announce about the opening of our website and the launch of our online investment program. We invite you to take an investment opportunity, become our partner and start making passive income with us right now.
\nWe’ve placed live chat for providing real-time online assistance to our members and visitors. Do you have any questions? Through click-to-chat you can get an answer immediately.<\/em>\u201d<\/p>\n

That’s about it for tonight. I hope you enjoyed my news and review. And if you did please don’t forget to check back here tomorrow for more of the same from the HYIP industry. Stay tuned and stay updated with MNO!<\/p>\n","protected":false},"excerpt":{"rendered":"

Hi all! Pretty often in this industry you’ll see programs that try to combine the sustainability of long term HYIPs with the \u201cfast buck\u201d appeal of short term ones \u2013 in other words programs that pay low interest rates but complete their investment cycles in a month or less. And it has to be said […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4,6],"tags":[],"_links":{"self":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/posts\/4899"}],"collection":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/comments?post=4899"}],"version-history":[{"count":0,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/posts\/4899\/revisions"}],"wp:attachment":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/media?parent=4899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/categories?post=4899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/tags?post=4899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}