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(23 votes) Published: Mar 15, 2008 5:57 p.m. Viewed 202 times
Intro In this guide I will cover how to invest in High Yield Investment Programs, also known as HYIP. Most HYIP’s on the internet are flat out scams.
A HYIP is an online investment made in e-gold that pays a certain percent of your investment over a length of time. They can be highly profitable, but if your not careful, you can loose all your money.
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. 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.
Almost every HYIP accepts E-gold and only E-gold. It is a loop hole to bypass international trading laws. Your going to have to make an E-gold account. Their free and easy to open up.
Now you need a way to fund your E-gold account. You must go threw an external exchanger. Googling will be your friend depending on your payment methods.
Most exchangers dont take paypal, so I found a work around. I invest in a HYIP site that accepts paypal (but has low profit on your investment) and then once I get the money, i convert it to E-gold
Star Trade Team