> -----Original Message----- > From: Destiny Worldwide Net [mailto:[EMAIL PROTECTED]] > Sent: Thursday, 2 August 2001 4:36 AM > To: e-gold Discussion > Subject: [e-gold-list] HYIP scams? <SNIP> > I will agree that 90%+ of HYIP'S are outright scams and ponzi schemes. > However, to be fair, I need to point out a couple of things: <SNIP> > There is a private and very large HYIP here in Costa Rica that has been > paying 3% a month for over 20 years with no sign of stopping, despite some > recent persecution of this program by the local newspaper and > someone trying > to extort them, and numerous and continuous [and UNWANTED] > investigations by > numerous agencies of the US government over many years. <SNIP> > For information on why HYIP's MUST become private programs rather than > public, read the article at http://www.destiny-worldwide.net/hyip.htm <SNIP> That article is absolute tripe! It gives no reason to believe that their are paying HYIPs that are not scams except for their assertion (signed by the unlikely name of Cornelius Doge), and it says nothing whatsoever about the alleged Costa Rican HYIP running for twenty years! On the other hand, is that 3 percent per month (or 42.5 percent per annum) denominated in a currency that has been depreciating at an average rate of 30 or 40 percent per year? (In which case it would not be a HYIP.) A point to ponder: A person in Europe or Australia who earned a million in their currency and is taxed (for example) half a million over the past year, may have suffered a gross loss if counted in US Dollars due to depreciation. Yet their governments collect tax on their already depleted fortune. The same will happen in the other direction (when compared with gold, or another safer currency (than US Dollars)) if the US Dollar bubble bursts! Ian Green http://two-cents-worth.com/?107242 --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that the new e-gold Secure Random Keypad can help you to protect your passphrase from both keystroke & mouse- click "sniffing" trojan viruses? You can find out more about computer security at: http://www.cert.org/tech_tips/home_networks.html
