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GNI Gold Nugget Invest
Myself and about 10,000 others wanting passive income were earning a very nice 6% weekly with Gold Nugget Invest (GNI) up until January 2010. That was weekly, not monthly, and certainly not yearly.
Towards the end, big changes were made, supposed to ensure the continued longevity of GNI. We were informed we would now only earn 16% monthly (20% for deposits over $20,000).
Of course this would still be an excellent return and at least GNI did not go bust - or so I thought.
I had been searching online for low risk passive investment opportunities and GNI seemed ideal. It claimed to be very low risk (you could start with $50) producing high returns.
They had been going since 2006, there's compounding/rollovers and other options. Nice! And tax-free? Very nice!
And if you didn't want to risk putting your own money into GNI then they had an excellent referral program. Refer others and you would earn 5% on their deposits.
Paying Since 2006
Gold Nugget Invest had been paying investors reliably since October, 2006. I'm sure you'll appreciate this record is rare in the online investment area. Like many of you I recall seeing the website numerous times while surfing traffic exchanges and eventually joined back in 2008.
In May or June 2009 I received an update from a well known investor about GNI. This persuaded me to make the effort to put money into the program. GNI is now working for me and I'm getting excited.
Here's part of the March 2009 newsletter from Gold Nugget Invest
I hope you are all doing well and that the financial downturn does not hit you too hard. Here at GNI we are busy all day to allow you to earn a decent second income. Some members asked me over the last couple of weeks, if the financial crisis is not affecting our operation? - I can say NO with good conscience! All the bookmakers, the indirect key to our success are doing well and so far no problems had occurred.
GNI claimed there was no risk joining their program. But commonsense - plus years of personal online marketing experience - cautioned me otherwise.
In my experience there is always risk involved in giving money to others. However, I also know there is no reward without risk so I decided to give this a go, and to share my experience for the benefit of others.
We were also informed that GNI was "going private". Until then you could join Gold Nugget Invest for free and refer others to it.
Gold Nugget Invest - The End
From the GNI Newsletter dated 12 March 2010 -
"Consistent with our announcement earlier this week, GNI has closed its operations and a call to our traders has been made advising them to send forward the funds required to ensure our members who are not in profit, will be made whole."
Of course this was not done and many people lost a great deal of money to GNI.
Technically I am "in profit" because I had withdrawn the amount which I had originally invested. However, I "lost" the much larger amount I had built up by compounding, and of course all future payments resulting from that. Oh, well...
Who Was Behind Gold Nugget Invest?
About mid 2011 I discovered further information about Gold Nugget Invest. I will leave it up to the reader to decide what is and what isn't regarding this information.
The information is at a website called Ponzi Scheme Alert. It's worth a visit because there's a lot more info regarding ponzis which I, for one, did not know about. One of the posts there mentioned other HYIP's such as Cash Tanker and claims to know who was behind GNI.
Another ponzi program called The People's Program is mentioned at that site, better late than never for me, because The People's Program had been recommended to me recently. Also at the time I was tempted to join Cash Tanker, and didn't. Also, Cherry Shares is mentioned at the website as a ponzi. However, I did join Genius Funds and lost about a hundred dollars when it disappeared.
Long before the latest financial crisis... South Park had it right
- Video - Stan Invests His Money
South Park Comedy Central. Trust a bank with your hard earned $100, or your retirement money, then...
Earning 2% Daily With JSS Tripler
For fun, I like to earn a few extra dollars with online HYIP's and money programs, but you have to be careful because there are so many scams.
There was another recent program where you may have earned 2% daily in its early stages called ad2million. If the website is still there I do not recommend you put money into it now because I've seen a number of complaints about it not paying.
A much safer bet was the JSS Tripler program and I've put some spare change into it and let it ride for a while. The owner/admin has been around for years. But, that doesn't mean JSS Tripler is bullet proof. Yes, it had longevity but it too has now folded.
JSS Tripler was just one of the lucrative programs within the JBP (Just Been Paid) umbrella. I had been with JBP for some years now but only recently began earning money with Tripler.
Of ten referrals only one put money into the Tripler and is now laughing all the way to the bank. He made well over $1,000 in profit while earning more and more daily because of the compounding.
There wer many good testimonials at the website to help decide for yourself if they were genuine or not and proceed accordingly. My personal opinion was that JSS - Joint Synergy Surf - Tripler was probably the most genuine program online as at 2010 and 2011.
Always bear in mind that just because many other people are making money is no guarantee you yourself will not lose money. Only risk what you can afford to lose. Withdraw your initial spend as soon as possible. Don't be greedy, etc.
Any program or business - online or offline - could fail tomorrow. Meanwhile, I profited just as promised. You didn't need to refer others to earn with Tripler and you could start earning with just $10.
Obviously if you can easily affford to risk more money then these are opportunities to earn a great deal of money. That's can be quite a blessing in an adverse economic climate. But you must be careful and do your own due diligence.
- Gold Nugget Invest Closed
Video includes some good advice about investing...
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Getting Real With Gold And Silver
I will probably continue to be enticed by dubious online investment schemes. But I've learned to never risk money I cannot afford to lose.
Also I continue to look for genuine investment vehicles of real value.
I believe I've finally found something for the long term which should deliver what all the ponzis always promised, but didn't.
Have a look at my review about investing in gold and silver bullion.