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Thursday, October 26, 2006

Silver Gate TRANSITION.

Here with is News from Silvergate :

"
Dear Silver Gate Investor,

We wish to take this moment to thank you, and recognize your participation in our successful family of investment funds. It has been a good year, and the future looks even brighter as Silver Gate grows stronger, more profitable, and ventures into many other new and exciting projects.

That being said, there are domestic forces hard at work that would rather not see Silver Gate succeed. They may feel threatened that people like you will put your trust with us, rather than leave your deposits in the bank. There is a growing threat to stamp out organizations that offer anything above bank rates to residents, under the disguise of protecting you as an "unsophisticated investor".


Silver Gate wishes to take a proactive approach to become compliant with regulations both internationally, and ones that effect you where you live. We have simply worked to hard, and have come to far to have everything that we have built, torn down. To this purpose, (effective immediately), Silver Gate will only accept 'foreign business clients', meaning an IBC or Foundation corporate entity outside of your country. All current investors will be given two choices:

A) to be paid out before the end of 2006; or
B) to become a corporate business member.

By default your balance shall be paid to your original e-gold, e-bullion, d-carat, or in the case of no reply to a holding account, no later than December 1st, 2006.

For those who choose option B, and wish to stay with us, we offer two solutions.

1) We have arranged for your convenience, a smooth and simple conversion process. You may agree to the terms of two particular documents. One ends your personal investor position with a separation of funds from our programs, while the other notionally capitalizes your business membership through a loan agreement to a cell company. Silver Gate will pay the expenses for a firm to complete the incorporation of many offshore cell companies, each will hold up to a couple hundred member positions. Your first year will be paid up, however a $12 cost will be deducted from your fund's account, on hand to cover corporate maintenance fees in the second and future years, beginning 12 months later.

2) For the investor who wants their own IBC or tax compliant Foundation legal structure, you may purchase a high quality package, from our new web site: www.Silver Gateoffshore.com. Our team has partnered with the best in the business to provide this service for us, our partners, and all of our members. We realize that many serious investors are already setup and properly structured offshore, and for those members, it is also perfectly fine to invest with us through your already existing offshore entity. Members who are planning on purchasing their own IBC or Foundation package (which we strongly urge), will be either refunded or structured into a cell company mentioned above until they have their entity setup. At this time, they can move their investments under the umbrella of their offshore structure.

In summary, in order for our longevity and continued service to Silver Gate clients to continue, it has become required to either upgrade you from an individual to a corporate position, or refund your balance. We strongly urge our investors to become properly structured offshore to be able to conduct business in an international market on their own, however for those who may not need this service yet, or if it may not be feasible for you at this time, option #1 will protect you, but with our investments only. Online instructions are included on the following page for you to follow if you already have an existing IBC now, or wish to upgrade with us to a cell company, or if you wish to withdraw your funds.

We realize that this may not be an easy decision for some, which is why we have brought a few options to the table here, and why we have also put together a service to help assist our members through this transition. Our goal is to make this quick and easy, and as painless as possible for our members. We feel obliged to help our members through this, based on our decision to re-structure, and not to "leave our clients in the dark", or on your own to deal with this. Our primary concern is the longevity and protection of our programs and our clients.

Best wishes for a prosperous future,

Silver Gate team. "

Sunday, October 08, 2006

Silver Gate Forex Hedging



Silver Gate SGFH Forex is a program driven by quite small private group of forex traders, established about 15 years ago.
Membership is very limited and granted to selected people by invitation only.
They are thinking to cap membership in near future.

Friday, September 15, 2006

Offshore club

Offshoreclub.bizThe Club

Hello and welcome to Offshore Club, now proven to be the most stable and secure High Yield Investment Program on the World Wide Web!
Our main philosophy here at Offshore Club is based upon 3 primary and indispensible factors:
1. Substantial, consistent and sustainable profit returns every month of every year for our investors and our company, based upon real world investment arbitrage trading negotiations (arbitrage bargains) in the global financial markets.
2. Uniquely personal and effective Offshore Club member services.
3. Ultra-High level DDOS website protection and 100% dependable and effective online transaction security for all Offshore Club members.
To deposit they accept :
1.e-gold
2.e-bulian
3.pecunik
4.bank-wire
5.1MDC
6.Libertyreserve
7.ATM debit card

Investment Plans
1. 140% in 30 days
2. 123% in 20 days
3. 110% in 10 days
Compounding available on all plans. 50 USD minimum per contract.
Domain Name: offshoreclub.biz

Status: ok
Registrar: ENOM, INC.
Expiration Date: 2010-10-27 23:59:59
Creation Date: 2004-10-28 15:55:07
Last Update Date: 2005-09-04 13:17:17
Name Servers:
ns1.dnspark.net
ns2.dnspark.net

Extended Information - :

IP Address: 65.19.154.35
IP Location: United States
Website Status: active
Server Type: Apache/1.3.36 (Unix) PHP/4.4.4 mod_ssl/2.8.27 OpenSSL/0.9.7e
Alexa Trend/Rank: 1 Month: 368,675 3 Month: 317,588
Page Views per Visit: 1 Month: 1.0 3 Month: 1.0
Google Page Rank: 3
Cache Date: 2006-09-15 23:47:58 MST
Compare Archived Data: 2005-04-11new!

Created by Registrar: ENOM, INC.
Last Updated by Registrar: ENOM, INC.
Administrative Contact Information:
Name: Oscar Freeman
Organization: Offshore Club
Address 1: 23 New Road
City: Belize City
Zip: n/a
Country: BZ
Phone: +1.8884566754
Email:
Support phone number:
+31-(0)6-1246-0710 (07:00 – 19:00 GMT)

Sourse :whois.ws

Saturday, August 19, 2006

Fx-experts


Dear netter who like forex,
If you are investor or not trader, Fx-experts is one of program which offered benefits if join :
As a member in our program, you will have the following benefits:
- A real opportunity.
- The security that you need (ssl 256 bits).
- Variable daily profits.
- 5% referral commission.
- You will be able to withdraw your loan at anytime with only 10% administrative fee.
- You will have as your investment manager serious and responsible professionals.
- You will be part of the most serious and promising online program that ever existed.
- Success guarantee.

Below is history trading one week :


Minimum invest = 100 USD
Profit = every end of week
Trading = 5 bussiness day.

Statistics:
Domain Name: fx-experts.com
Creation Date: 2005-10-11
Name Servers:
ns1.fx-experts.com
ns2.fx-experts.com
IP Address: 72.20.22.132
IP Location: United States
Administrative Contact:
Marcos Matos ()
R. Padre Nobrega, 15
Juiz de Fora
Minas Gerais,36016140
BR Tel. +32.32333074
Source : whois.ws

Forex FAQ

What is Foreign Exchange?

The Foreign Exchange market, also referred to as the "Forex" or "FX" market, is the largest financial market in the world, with a daily average turnover of approximately US$1.5 trillion. Foreign Exchange is the simultaneous buying of one currency and selling of another. The world’s currencies are on a floating exchange rate and are always traded in pairs, for example Euro/Dollar or Dollar/Yen.

Where is the central location of the FX Market?

FX Trading is not centralized on an exchange, as with the stock and futures markets. The FX market is considered an Over the Counter (OTC) or ’Interbank’ market, due to the fact that transactions are conducted between two counterparts over the telephone or via an electronic network.

Who are the participants in the FX Market?

The Forex market is called an ’Interbank’ market due to the fact that historically it has been dominated by banks, including central banks, commercial banks, and investment banks. However, the percentage of other market participants is rapidly growing, and now includes large multinational corporations, global money managers, registered dealers, international money brokers, futures and options traders, and private speculators.

When is the FX market open for trading?

A true 24-hour market, Forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, then London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night.

What are the most commonly traded currencies in the FX markets?

The most often traded or ’liquid’ currencies are those of countries with stable governments, respected central banks, and low inflation. Today, over 85% of all daily transactions involve trading of the major currencies, which include the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and the Australian Dollar.

Is Forex trading capital intensive?

No. FXA requires a minimum deposit of $250. FXA allows customers to execute margin trades at up to 200:1 leverage. This means that investors can execute trades of $10,000 with an initial margin requirement of $50. However, it is important to remember that while this type of leverage allows investors to maximize their profit potential, the potential for loss is equally great. A more pragmatic margin trade for someone new to the FX markets would be 20:1 but ultimately depends on the investor’s appetite for risk.

What is Margin?

Margin is essentially collateral for a position. If the market moves against a customer’s position, FXA will request additional funds through a "margin call." If there are insufficient available funds, FXA will immediately close out the customer’s open positions.

What does it mean have a ’long’ or ’short’ position?

In trading parlance, a long position is one in which a trader buys a currency at one price and aims to sell it later at a higher price. In this scenario, the investor benefits from a rising market. A short position is one in which the trader sells a currency in anticipation that it will depreciate. In this scenario, the investor benefits from a declining market. However, it is important to remember that every FX position requires an investor to go long in one currency and short the other.

What about terms like "bid/ask", "spread", and "rollover"?

FXA has an extensive Glossary that provides detailed definitions of all Forex related terms.

What is the difference between an "intraday" and "overnight position"?

Intraday positions are all positions opened anytime during the 24 hour period AFTER the close of FXA’s normal trading hours at 4:30pm EST. Overnight positions are positions that are still on at the end of normal trading hours (4:30pm EST), which are automatically rolled by FXA at competitive rates (based on the currencies interest rate differentials) to the next day’s price.

How are currency prices determined?

Currency prices are affected by a variety of economic and political conditions, most importantly interest rates, inflation and political stability. Moreover, governments sometimes participate in the Forex market to influence the value of their currencies, either by flooding the market with their domestic currency in an attempt to lower the price, or conversely buying in order to raise the price. This is known as Central Bank intervention. Any of these factors, as well as large market orders, can cause high volatility in currency prices. However, the size and volume of the Forex market makes it impossible for any one entity to "drive" the market for any length of time.

How do I manage risk?

The most common risk management tools in FX trading are the limit order and the stop loss order. A limit order places restriction on the maximum price to be paid or the minimum price to be received. A stop loss order ensures a particular position is automatically liquidated at a predetermined price in order to limit potential losses should the market move against an investor’s position. The liquidity of the Forex market ensures that limit order and stop loss orders can be easily executed.

What kind of trading strategy should I use?

Currency traders make decisions using both technical factors and economic fundamentals. Technical traders use charts, trend lines, support and resistance levels, and numerous patterns and mathematical analyses to identify trading opportunities, whereas fundamentalists predict price movements by interpreting a wide variety of economic information, including news, government-issued indicators and reports, and even rumor. The most dramatic price movements however, occur when unexpected events happen. The event can range from a Central Bank raising domestic interest rates to the outcome of a political election or even an act of war. Nonetheless, more often it is the expectation of an event that drives the market rather than the event itself.

How often are trades made?

Market conditions dictate trading activity on any given day. As a reference, the average small to medium trader might trade as often as 10 times a day. Most importantly, by not charging commission, FXA customers can take positions as often as necessary without worrying about excessive transaction costs.

How long are positions maintained?

As a general rule, a position is kept open until one of the following occurs: 1) realization of sufficient profits from a position; 2) the specified stop-loss is triggered; 3) another position that has a better potential appears and you need these funds.

I am interested in foreign exchange trading, but would like some additional information. Any suggestions?

In The Forex Market section we describe the foreign exchange market in some detail. In order to gain a practical understanding of foreign exchange trading, there is no better way than to open a demo account, where you can experience what it’s like to trade the Forex market without risking any capital.

Source : fxadvantage
Source : forex-articles.net

Wednesday, August 02, 2006

How To Get Started In FOREX Trading

The foreign exchange market (FOREX) offers many advantages to investors. But you need to know where to begin. This short guide will give you the FOREX basics, so you can quickly start participating in this fast growing market.

In the past, foreign exchange trading was limited to large players such as national banks and multi-national corporations. In the 1980’s the rules were changed to allow smaller investors to participate using margin accounts. Margin accounts are the reason why FOREX trading has become so popular. With a 100:1 margin account, you can control $100,000 with a $1,000 investment.

A Learning Curve

FOREX is not simple, though, so you’ll need some knowledge to make wise investment decisions. Although it is relatively easy to start trading on the FOREX, there are risks involved. Your first move as a beginner should be to find out as much as possible about the forex market before risking a dime.

Find A Forex Broker

FOREX traders usually require a broker to handle transactions. Most brokers are reputable and are associated with large financial institutions such as banks. A reputable broker will be registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) as protection against fraud and abusive trade practices.

Open an Account with a forex borker

Opening a FOREX account is as simple as filling out a form and providing the necessary identification. The form includes a margin agreement which states that the broker may interfere with any trade deemed to be too risky. This is to protect the interests of the broker, since most trades are done using the broker’s money.

Once your account has been established, you can fund it and begin trading.

Many brokers offer a variety of accounts to suit the needs of individual investors. Mini accounts allow you to get involved in FOREX trading for as little as $250. Standard accounts may have a minimum deposit of $1000 to $2500, depending on the broker. The amount of leverage (how much borrowed money you can use) varies with account type. High leverage accounts give you more money to trade for a given investment.

Trades are commission-free, meaning that you can make many trades in one day without worrying about incurring high brokerage fees. Brokers make their money on the ’spread’: the difference between bid and ask prices.

Paper Trading Forex Market

Beginning traders are strongly advised get accustomed to FOREX by doing "paper trades" for a period of time. Paper trades are practice transactions that don’t involve real capital. They allow you to see how the system works while learning how to use the various software tools provided by most FOREX brokers.

Most online brokers have demo accounts that allow you to make free paper trades for up to 30 days. Every new FOREX investor should use these demo accounts at least until they are consistently showing profits.

FOREX Software

Each forex broker has its own set of software tools for making transactions, but there are a few tools that are common to all FOREX brokers. Real-time quotes, news feeds, technical analyses and charts, and profit-and-loss analyses are some of the features you can expect to see on most online brokers’ web sites.

Almost every broker operates on the Internet. To access a broker’s online services you’ll need a reasonably modern computer, a fast Internet connection, and an up-to-date operating system. Once your account is set up, you can access it from any computer just by entering your account name and password. If for some reason you are unable get to a computer, most brokers will allow you to make trades over the phone.

There are lots of ways to make money. FOREX trading is just one more potential stream of income — if you are prepared to learn and practice.
Source : forex-articles.net

Tuesday, July 11, 2006

What is Forex Trading

Foreign Exchange Market, or Forex as it is commonly called, is an international exchange market to buy and sell different currencies from around the world. An investor has the ability to buy and sell these currencies in order to create gains from small movements in the value of one currency over another. The forex market is open from Monday at 0:00 GMT until Friday at 10:00 GMT. For this reason Forex traders are not limited to the general time constraints of the New York Stock Exchange or NASDAQ.

This versatility attracts many investors to become Forex traders. The liquidity of the Foreign Exchange Market is also very attractive for the Forex investor as trades range from 1 to 1.5 trillion dollars on a daily basis. These massive amounts of trades make it extremely difficult for any one trader to affect the market.

Foreign Exchange Trading is simply the purchase and sales of currency based on the strength of the currency and the fluctuation in the value of that currency. For example, if one were to invest $1,000 against the British pound at 1.7999 with a 1% margin and anticipate the exchange rate to climb. If that occurs and you close the exchange rate at 1.8050 you would earn roughly $400. Forex is giving you a 40% return on your investment.

Forex offers the possibility of huge profits in relatively short periods of time. The stock exchange is very different in that positions are generally maintained over a longer period of time. Although there are day traders, Forex traders have much shorter hold times on positions. Similar to the stock market marginal accounts can be obtained in the Foreign Exchange Market as well.

Forex marginal accounts are very engaging as they allow Forex traders to take large positions without having to make a large deposit. In many circumstances one can fund a marginal account with .05% the necessary funds. In other words, $500 would allow a $100,000 position. In order to trade Forex effectively and profitably, one must have some type of method to follow. There are two methods used in determining what Foreign Exchange trades one should make. There are two methods, fundamental Forex analysis, and technical Forex analysis.

Technical analysis is the most commonly used practice and uses the assumption that the changes that occur in the Foreign Exchange Market happened for a reason and are accurate. The belief is that if a currency has been trading towards a high then that currency will mostly continue towards that high with the adverse being true as well. The technical Forex view does not try to make long term predictions about the market but instead simply tries to take advantage of what has already been seen in the past.

The fundamental Forex method takes into account all aspects of the country in which the currency is traded. Things such as the economy, the countries prime interest rates, war, poverty level, and other factors are taken into account. If there is a sharp rise in the prime interest rate a Forex trader may take a position based on that information.

Online Forex trading has the potential of being extremely lucrative. One can learn to trade by creating an online Forex Account and begin by using a learning account without real funds. This will help you to understand the Forex trading process and how currencies are affected by different things that are happening on a global scale.

Friday, June 16, 2006

Start to Invest

Step by Step :
1 - Open e-gold account.

Go to www.e-gold.com
> Click "Create Account" link
> Click "I Agree" to state that you agree with the User Agreement
> Fill out the registration form and press open
> Your e-gold account number will be automatically sent to the email address you have specified in the registration form
> Log into your mailbox to find out your e-gold account number.


2 - Fund your e-gold account.

You can fund your e-gold account by credit card, bank wire transfer, Cashier's Check, Western Union and other payment methods.

To do this you have to use the exchange services provided by exchangers.
Indonesia exchanger :
* Indochanger.com
* Sentraegold.com

3 - Open Account with your investment.
I suggest for this step you must doing dwi diligent before. You searching informations about this investment. Finally If you sure about your decided please Register to create account.

4 - Make a deposit into your investment account via e-gold.

To do this you have to log into your investment account chose deposit menu.

5 - Receiving profit payments in your e-gold account.
After you finished your time deposit, you will get your profit.


6 - Convert the funds kept in your e-gold account into cash.

To do this you have to use the exchange services provided by exchangers.

Friday, May 26, 2006

HYIP for starters

HYIP = High Yield Investment Program
Public HYIP = Anyone can login trough their site and join.
Private HYIP = You must be referred by either an agent or an active member to join.
HYIPs appeared on the internet a few years back. There are many different types of HYIPs, but it all comes down to this: You loan a program a certain amount of money you are comfortable with (in accordance to their minimum and maximum loans), in exchange for pre-determined returns over a pre-determined period of time.

Why should you consider HYIPs: If you are dissatisfied with the 2% yearly your bank pays you, the low returns of mutual funds these days, and you have some money on the side you can risk and are looking for greater returns.

Why you shouldn't consider HYIPs: Taking advantage of the popularity of online HYIPs and the simplicity of stealing funds by creating fake programs, scammers are a huge problem for the HYIP community.

Fortunately, the HYIPReview crusades have begun, and our mission is to make your investing experience much safer.
Most of these investments use online currencies; in most cases E-Gold. Anyone can join e-gold and open an account for free, simply by logging onto their site: www.e-gold.com

To fund your e-gold account, many established exchangers will do that for you for a small fee, and you can also use their services to withdraw your funds from the e-gold service. You will be able to learn about these exchangers trough our site.
Also, if you're going to be taking part of the HYIP world, you have to be aware of all the events that can affect your investments.

HYIPReview's mission is to education it's members and provide your with the latest and best information available. We improve our knowledge everyday and bestow it upon our members. To make sure you posses every resource available, HYIPReview offers it's members a constantly updated list of all the HYIP resources available to you on the net.
Here are a few slang’s and expression commonly used in the HYIP business.

"Gold Game": As the name says, a Gold Game is a game in which you play your gold fully aware of the risk of loss.
"Matrix": A form of Gold Game.
"Ponzi": A ponzi is an investment scheme paying the first members who enrolled with the money provided by the later investors.
"SCAM": A scam is a program who steals your gold. A form of fraud.


By Simon Pink

Saturday, May 06, 2006

E-gold Currency

E-gold is an electronic currency, issued by e-gold Ltd., a Nevis corporation, 100% backed at all times by gold bullion in allocated storage.
Other e-metals are also issued: e-silver is 100% backed by silver, e-platinum is 100% backed by platinum, and e-palladium is 100% backed by palladium.

E-gold is integrated into an account based payment system that empowers people to use gold as money. Specifically, the e-gold payment system enables people to Spend specified weights of gold to other e-gold accounts. Only the ownership changes - the gold in the treasury grade vault stays put.

* e-gold is borderless:
e-gold may be Spent to any other e-gold account anywhere in the world via the e-gold shopping cart interface (SCI), the e-gold Account Manager, or web enabled mobile phone.

* e-gold is quick:
e-gold payments clear instantaneously (with no chargeback risk), no matter how large the payment, no matter how far apart the Spender and Recipient.

* e-gold is cost effective:
Spending e-gold is free, even if your recipient is on the other side of the world.
Recipient transaction fees range from substantially smaller to orders of magnitude smaller than those of credit cards and bank wire transfers, no matter how large (or small) the payment.

The e-gold Agio fee, which recovers bullion storage costs, passes on economies of scale normally only enjoyed by very large holders of bullion.

How to create an account in e-gold?It is FREE to create your account at e-gold. To open a free e-gold account - no cost, no obligation - Click here, click on "create account", fill in the blanks and click on "open". That's all there is to it.
The ID # they give you and "passphrase" are the two things you will need to have in order to ever access your account, view the history of changes, history of payments, do in-exchanges with, or spend money from so choose those two items carefully and record them somewhere before you click on "open" account.
As soon as you click on "open" account, you will receive your account number. Print it out and keep it in a safe place along with your passphrase.

Open Free e-gold account!

How do I put money into my e-gold account?
There are two ways to put money in your e-gold account:
- The first and most cost effective way is to receive payment in e-gold from another account holder. It takes only a few seconds for transactions to clear and settle this way.
- The second way is to exchange your national currency for e-gold using the services of an independent exchange market maker.

How do I get my money out of e-gold?
Via a currency exchange utilizing the services of an independent exchange market maker, examples: xodds.com

DIGITAL CURRENCIES

WHY USE DIGITAL CURRENCIES?
We at The Gold Economy Magazine believe that digital currencies will prove to be as world-changing as the invention of the printing press and gunpowder. Digital Currencies link together financial institutions and markets across the globe in a way that allows instantaneous value transfers with a mere fraction of the cost associated with traditional bank wires and credit cards. The architects of the new digital economy are busily at work creating new financial products and linking digital currencies to "old-world" financial networks, allowing you to easily convert your digital currencies to cash anywhere in the world. Here are some of the reasons that Digital Currencies are the best way to do business on or off the Net!

Digital Currencies are cheaper!
Transaction costs using credit cards or PayPal range from 2.5% to 4.5%. International bank wires cost, on average, $40 to $70 using Western Union. Digital Currencies allow transactions to take place from as low as 0.1% (GoldMoney), to 2% on the very high end (Standard Transactions). In other words, the cheapest digital currency on the net allows online transactions for FORTY-FIVE TIMES LESS than credit cards. Even the most expensive digital currency costs less than a credit card transaction! Digital Currencies lower transaction costs by three orders of magnitude! This means that transactions that were previously too expensive to make because of the time, money, and effort involved are now feasible using Digital Currencies such as e-gold, gold-grams, Standard Dollars, Standard Gold, e-Bullion, and Hansa Dollars. For retail merchants who process a high volume of credit card transactions the savings can be significant! The savings in transaction costs can then be passed along to their customers in the form of lower prices, which helps merchants accepting digital currencies to gain a competitive advantage.

Digital Currencies are faster!
The average credit card transaction can be reversed for three to six months after the sale took place. This leaves merchants in a vulnerable position. Cheapskates reverse the charges on a regular basis against merchants who delivered the goods. This kind of theft drives up prices for everyone to cover the cost of lost goods and money due to fraudulent credit card use. Bank wires in-country take at least three days to clear. International bank wires can take up to two weeks to clear! Digital Currencies solve these problems by allowing INSTANTANEOUS and NON-REVERSIBLE transactions! For merchants this means that ALL SALES ARE FINAL. They don't have to worry about having THEIR account frozen because some hacker used a stolen credit card at their store. This also means that when you need to send money to a friend or family member anywhere in the world, you can do it in a few seconds, and they can withdraw it as cash from an ATM machine the very next morning. That's FAST!

Digital Currencies are international!
PayPal only works in the United States. In order for people outside the US to sell their product or service to the web, they have needed an international credit card merchant account. The problem is, outside the United States and EU, merchant accounts can be difficult to obtain. This creates a barrier to entry that makes it harder for international entrepreneurs to offer their products and services to the world. Digital Currencies solve this problem by allowing instantaneous transfers of money anywhere in the world! As the network of exchange agents grows, it is now possible to quickly and easily convert your digital currency to cash in any country in the world. A Standard Reserve "Instant World Account” allows account holders to convert their Standard Gold or Standard Dollars into cash at any ATM machine on the planet! E-bullion offers an anonymous numbered offshore debit card. This means that no matter where you are, if you can find an ATM machine, you can convert your Digital Currency into local currency!

Digital Currencies are safer!
Credit card fraud is becoming increasingly prevalent as hackers steal card numbers from computer networks, crooks root through your garbage and steal your identity, and other nefarious thieves devise ways to get your account number. Digital Currencies offer a higher level of security than credit cards. Even the lowest level of security for digital money, an account number and password, is one order of magnitude safer than a credit card. All a thief needs to steal a credit card is the account number. With digital currencies the merchant never sees your password, so it is impossible for a thief to steal it, unless you give it to him yourself (by letting him access your computer - see our article on protecting your computer from hackers). GoldMoney supports digital certificates for customer identification. These certificates cryptographically verify that you are you. This prevents thieves from accessing your account. E-bullion and E-gold are now offering similar security measures to their clients. It is also possible to combine digital certificates with an affordable biometric fingerprint reader to make sure that absolutely NO-ONE has access to your account but YOU. This is the highest level of security currently available on the net, but there are other improvements still to come...
Digital Currencies Allow Person to Person Payments!
Digital Currencies allow one thing that credit cards never will: Person to Person Payments. PayPal is limited to the United States. So what do you do when you want to buy a collector's doll that you foundd in an online classified ad, but the owner lives in New Zealand and you live in the US? Digital Currencies allow you to spend your money to anyone else who has a digital currency account. It only takes a few moments for your friend to open his own account using the Internet, and in most cases it doesn't cost a penny! Person to Person Payments allow small scale merchants to get started without the added expense of maintaining a credit card merchant account. This means lower costs of entry into the marketplace and lower costs of doing business!

Digital Currencies Allow You to Protect Your Privacy!It is a known fact that traditional banks store massive databases tracking all of your account activity in the name of "know your customer" and "fighting the war on drugs" and more recently "the war on terrorism." In reality, we all know that banks conveniently use those databases to sell information about their customers spending habits to other companies, and governments use that data to find excuses to confiscate your money and property. So, not only does your government have access to all of your spending habits, but so does any individual or organization who is willing to pay for it.

Most Digital Currencies are housed in "capital-friendly" jurisdictions with strict privacy protection laws. For someone to get your account information they have to obtain a court order in the country where your Digital Currency is headquartered. This means that true crimes can be prosecuted, but your privacy will remain intact if you are just an average law-abiding customer. Think of it as guaranteeing yourself the right to "due process". Furthermore, it is impossible to use digital currencies for money-laundering. You have to spend your national money (such as US dollars) through an exchange agent in order to purchase Digital Currency in the first place. Since exchange agents all have accounts at banks with anti-money-laundering practices in place, this means that all money used to purchase digital currencies is theoretically "clean". Clean money in, clean money out!
So, Digital Currencies are able to provide privacy to their customers, and still be able to guarantee that they are not being used for money laundering. Digital Currencies are "orthogonal" to the traditional financial world. As long as all the money coming in and out goes through banks with anti-money laundering practices in place, then money laundering is impossible. Furthermore, all of the Digital Currencies in business at this time are firmly committed to discouraging crime and money laundering, while at the same time protecting the privacy of their account holders. This means you can use Digital Currencies to do business with confidence that you are in good company! You can obtain a Standard Reserve Instant World Card or an e-bullion Debit Card and withdraw your digital currency from any ATM machine in the world as cash. But since the cards are processed in an offshore jurisdiction, you can be assured that your privacy is protected. Since both of these companies are diligent in preventing money laundering, you can be assured that you are in good company.
By By EscapeArtist.com

Friday, March 24, 2006

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