More Gold Investing Scammers

I couldn't help but visit this GoogleAd, Gold investing classic

http://pinvest.biz/index.html

Which offers an amazing 1800% in 48 hours! Wow! With that kind of return I could own all the e-gold in the entire world within about 3 months.

I'll leave it up to you to decide if it's genuine or a scam, but with no address, telephone number or contact other than admin@ email address, I have already drawn my own conclusions.

Please don't do it...

Gold Investing cons

Please don't ever be conned by those dubious emails or websites offering you the chance to earn 0.5 to 5% PER DAY. Through "e-currency", gold or whatever. They often also chuck in a load of acronyms like HYIP (high yield investment plan), and the like.

I just found this example advertising on Google Adwords.

http://e-currencyprofitshome.com/?gclid=COjug5DY2Y8CFQJxaAodlSaW8g

If anyone can truly find an investment that returns that much per day, the best approach would be to keep quiet until you owned all the money in the entire world, which, with compounding actually probably wouldn't take as long as you think!

There are plenty of sites out there full of sad cases of people who are complaining about how their money has gone, no replies, no money back, etc. Actually, I don't think they are totally to blame because of their naiveity, since none of us ever get the right financial training in school to prepare us for the serious financial decisions we'll have to make in our adult lives.

The other sad thing is that E-gold is often the route for this money because it's harder to trace. I don't blame e-gold in the slightest, as these irreversible payments are a feature of a cash-based society instead of a credit one, but it probably will affect their credibility longer term.