On 28 Jul 2001, at 10:49, SnowDog wrote:
> I disagree; all HYIPs are Ponzi schemes,
Craig,
You know that there are thousands of investments on stocks
markets around the world that return hundreds of percent per year
to their investors. I am not saying that they do this on a constant
basis, as their are ups and downs. Many gold stocks will make 10,
20, 50% in a period of a few months. Many have done 100-200%
since the last bottom in gold stocks in November 2000. In the high
teck bubble, returns have been fabulous. Where these stocks all
scams or Ponzi?
Now who really knows where and how the operators of the so-
called HYIPs program use the hundreds of kilos of e-gold that they
received from their members. I am not supporting Ponzi's scheme
that is for sure. But I don't want to comdemn all so-called high yield
investment programs either.
I will condemn every scheme that guarantees and promise a 5%-
20% ROI per month..that is for use. But what if the HYIP make no
such promise. What if it is a hedge funds that plays the options or
derivatives games offshore. What if it tells its investors that the
game is a speculative one and they could loose.
And if such programs exists, then why would e-gold turn them
down or impose limits on their accounts.
We don't really know who they are (at least I don't). All me know is
that many e-gold users invest (speculate) in them.
Claude
http://www.goldcurrencies.ca
http://www.ormetal.com
==================================
Claude Cormier Public Key
http://www.ormetal.com/PGPkey.html
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