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CNNMoney.com about 12DailyPro:

2008-04-04T11:32:00.004-07:00

CNNMoney.com about 12DailyPro:

"An Internet company that bilked investors out of more than $50 million dollars
was charged with securities fraud by federal regulators on Monday.
The Securities and Exchange Commission charged Charis Johnson, 33 of Charlotte,
N.C. and her companies 12daily Pro and LifeClicks LLC in the federal district
court of Los Angeles, Calif. The agency said that she defrauded investors
through the Web site 12dailypro.com.
Johnson's Web site, which raised more than $50 million from over 300,000
investors worldwide, claimed to be a "paid autosurf program" that would
generate money through Internet advertising, according to the SEC.
Johnson's company was considered by regulators to be a sizeable Ponzi scheme
where investors are promised vast returns but are paid with money from
subsequent investors instead of revenue generated by business.
The SEC said 12dailypro.com allegedly lured in investors with promises of 44
percent returns just after 12 days.
"Paid autosurf programs have become an enormous industry on the Internet,"
Randall Lee, the regional director of the SEC's pacific regional office said in
a statement. "When these schemes depend on attracting new members in order to
pay returns to current members, they are destined to collapse. We urge the
public...to exercise extreme caution before investing in any get rich quick
scheme."
Johnson allegedly funneled over $1.9 million in investor money into her personal
bank account since mid-2005, according to the SEC, while advertising revenues
generated by 12daily Pro and LifeClicks were either negligible or
non-existent."

Gold Price Predictions for 2006

2008-04-04T11:32:00.003-07:00

Gold Price Predictions for 2006

According to the AAP report, gold has broken its shackles, surging past the magical $500 an ounce mark, and it may just be the beginning of a new gold boom.

In late November, the spot price of gold finally followed up on its threats and pushed through the psychological barrier of $500 an ounce. The last time it touched these highs was when Alan Greenspan became chairman of the United States Federal Reserve.

It was 1987, and gold reached a high of $502.97 an ounce on the spot market. Today, many analysts are tipping the gold price will not just break the $500 mark but will leave it in its wake.

Ord Minnett research director Russell Lander believes we could just be at the foothill of a gold boom bringing with it gold fever.

"Gold really does affect people's mood...and people become very irrational, get excited and they rush into stocks," he said. Gold is also considered a safe haven in times of political instability or economic pressure.

Recently the rising oil price and fear of increased inflation has seen investors flock to the precious yellow metal, said CommSec commodities analyst David Thurtell. "Some people like it as an inflation hedge and, since the terrorist concerns started, some people have used it as a bit of a safe haven," he said.

But as the price of oil eases, inflationary concerns are being replaced with concerns about missing an investment opportunity. Thurtell expects gold will continue its run for the first half of 2006, possibly reaching $550 an ounce.

"Then we could see a bit of a demand reaction and a bit of a supply response," he said. By the end of 2006 the spot price of gold could pull back to around $475 an ounce, according to CommSec.

Gold Price Predictions for 2006 - Continued

2008-04-04T11:32:00.001-07:00

Gold Price Predictions for 2006 - Continued

Renowned gold tipper and head of the world's biggest gold miner Newmont, Pierre Lassonde, has said the price could reach $1,000 an ounce over the next five to six years, passing the record price in 1980 of $850 an ounce.

Fat Prophet senior resource analyst Gavin Wendt is tipping a price of $550 an ounce by the middle of next year and said there were a number of reasons behind the buoyant gold price.
"We are seeing production starting to decline from the three major sources of gold production being Australia, South Africa, and North America," Wendt said. He estimated global production in 2005 would be around 300 tonnes, falling from 2004's total output of 346 tonnes.

"If you went back around 10 years ago production was up around 1000 tonnes." The World Gold Council said demand for gold has been growing for almost two years with the Middle East, China, and India underpinning the demand.

Demand traditionally increases in the fourth quarter of the year when the Indian jewelry season kicks off. And as with most metals, China accounts for some demand, with the growing middle class keen to showcase their new found wealth, according to Daiwa Securities analyst Mark Pervan.

"In India we are seeing very strong economic growth very similar to China at the moment," he said. "Indians love showing off their wealth through gold and jewelry." Also driving demand is a move by a number of central banks, notably Russia and South Africa, to acquire more gold.

While a booming gold price will fatten the coffers of gold miners, it is also an opportunity for investors. Pervan and other analysts believe smart investors will be putting their money into gold stocks. Newcrest Mining, Lihir Gold, Newmont Mining, and Indophil Resources top the list of the most likely to generate a return on investment.

Fees for e-gold transactions

2008-04-04T11:31:00.001-07:00

Fees for e-gold transactions

For all those whose are working in e-gold HYIP programs below is the useful information you need to know about the various fees involved in e-gold transactions
There are two fees in E-Gold:
1. Agio Fee: Every year E-Gold will deduct 1% from your current account credit. It is annual fee.
2. Daily transaction fee: Only the recipient will be charged for the transaction. And the fees are various depend to how much you receive. I will give a simply example to explain how it charge you.
The current price of E-Gold is $16.68 per gram.
a.)if you receive less than $1.668 you will be charged 5% of the amount you receive plus $0.003. For example if you received $1, you have to pay 5% from $1 which is $0.05 and another $0.003.
So to receive $1 you will be deducted $0.053.
b.)if you receive more than $1.668 and less than $8.34, you will be charged 1.25% from the amount you receive plus $0.06. For example you received $5, you have to pay 1.25% from $5 which is $0.06 and another $0.06.
So to receive $5 you will have to pay $0.12
c.)if you receive between $8.34 and $16.68, you will be charged $0.168.
So no matter you receive $9 or $15, you still will be charged at constant fee of $0.168.
d.)if you receive between $16.68 and $83.4 , you will be charged 1% from the received amount.
So to receive a $50 E-Gold you have to pay $0.5.
e.)if you receive more than $83.4 you will be charged at constant fee of $0.834.
So to receive $100 or $1000 you will need to pay only $0.834.
So the conclusion is: It is better to receive a bigger amount of E-Gold because the fee is only $0.834.
I hope you understand what i have explained here.