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

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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

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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

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