Pleeeeeeeeease,someone should help me i have gold but don't know a realiable place to invest (HYIP)?
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Answer:
If you are looking to put your money into a "High Yield Investment Program" (HYIP) then you are in for an unpleasant surprise. All HYIPs are SCAMS.
The fantastic "interest rates" that you get from HYIPs are paid out of deposits made by the next wave of investors. Eventually, the scheme collapses or the founders take the money and disappear. It ALWAYS ends up like this.
If you have gold, I would suggest selling all but 5%-10% of it and investing in a variety of mutual funds that track various markets (maybe 50% US stocks, 20% non-US stocks, 10% bonds and 10% cash). You'll get about 7%-12% per year out of this, which will do you very well over a 20-30 year period.
Gold by itself is not a very good standalone investment, since by definition it tracks the expected inflation rate. Stocks, over the long run, have returned significantly more than the inflation rate over time.
It depends on what you want to invest in. Do you want physical gold; mining stocks; gold indexes; futures; or what? Physical gold is cumbersome; mining stocks are tricky unless you know your stuff, indexes are a safe way to play the game; and futures can leave you begging for food on the streets. JMHO.
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HYIPs are Ponzi Schemes; the only people making $$ out of them are the promoters and the early birds getting on right at the very start. All others are suckers soon parted from their money.
An easy way to be invested in Gold (or Silver) is tru eGold (www.e-gold.com). eGold however does not have a good reputation due to its association with HYIPs. A better option is GoldMoney (www.goldmoney.com) . eBullion (www.e-bullion.com) is a 3rd option. However I do not personally know much about it.
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