A little more info

I'm pretty much of the opinion that dxgold is one to stay away from.

Take where they are located.

In Vanatua there is:

No disclosure of the beneficial owner. In other words, you're never going to get the government over there to tell you who's behind it.

The minimum number of shareholders in any given corporation = one.

There is no requirement for a corporate secretary.

Minimum number of directors = one

Government registered shareholders = none

NO Government register of directors

No local officers

No annual returns posted.

What does this tell us? Kinda seems to me that one guy can go over there, spend a thousand dollars give or take and form a corporation where his name will never be disclosed. Where he will have not one other person who has a blessed thing to say about how he conducts business. Really, no one will ever know who he is unless he chooses to make that information available.

General Electric this aint.

Why would anyone operating a legal, above board business, that is going to put all this wealth into the hands of the common man chose this particular location to conduct his business, if not for the anonymity offered? Why would a legitimate business feel it needs this kind of protection from the authorities or regulatory bodies?

Somebody posted to me that maybe they're over there to avoid banking regulations. Yup, couldn't agree more but not for the reason the poster implied.

What about the recruiting taking place? Why do they need your money? The stated reason is that there are so, so many investment opportunities out there that the more money the market maker has available to him the more money he can make.Maybe I missed it, probably did, but what ARE the requirements for being a market maker? A certain ammount of available capital? If so, why not go to a bank and show them this PROVEN safe opportunity and get a loan? Should be no problem at all since all these monies are GUARANTEED to be safe. Any banker should be able to take one look at a loan propasal such as this and be able to determine that never would his lent money be safer, right? I mean, look at the PROVEN high returns.And yet, they seem to want YOUR money instead, wonder why that is? Ponzi schemes also recruit. They also pay very well in the beginning until they reach the point where the originators have made their pile and/or the authorities put the collar on them. What authority has jurisdiction in Vanatua? I guess that would be the government of Vanatua would it not? Call me a skeptic but I don't think Vanatua is terribly concerned about it all, witness the above advantages for opening up shop in Vanatua in the first place.

One site made the argument that as more and more businesses become aware of dxgold they will be flocking on over to take advantage. I recall an example of a company spending $500,000 monthly on foreign purchases using dxgold. I "think" dx charges 10% for exchanges but we'll use 6% to be on the safe side.
That's $30,000 U.S. monthly in fees, or $360,000 a year. Do you really think that any company of a size to do half a million dollars a month in foreign sales or purchases is going to have in it's employ a CFO who can't figure out a way to do better than that? How about letters of credit to be redeemed at the current exchange rate at the day of sale.upon receipt of the goods purchased? Cheaper and safer into the bargain. Is that not how international trade is done? C'mon, do they really expect someone to believe that a company doing 6 million a year can't figure out how to avoid the fees and simply deal directly with their customer at substantially less cost and risk than this?

I'm sorry, it sounds so good, I would like it to be true, just as much as the next guy. I don't think it is, I think it's in all likelihood just what it has every last earmark of.

One of the recruiters said that dxgold figured out a way for the little guy to get a piece of the action. Maybe so, maybe not. Seems to me that if this was actually workable the big money folks would have gotten involved in this long ago and would have the market captured, if there was a market of the size and description we're led to be lieve there is.

Notice some of the recruiters examples. They give the open and the close of the transaction but not one word of what was invested and what was returned. If the returns are so fabulous they'd put that in there, would they not?

Ponzi schemes by their nature are designed to reward early takers handsomely. Then they use these shining examples to recruit others into the scheme and they use that money to then further their plan, but the ultimate goal is to accumulate a certain ammount of money and when they're satisfied with what they have they go away, leaving everyone to hold the bag and go crying to the authorities to get their money back. In this case the authorities are gonna have to deal with good old Vanatua. They're kinda shy ya know.

That's some of the reasons I have my doubts.

If you just GOTTA, why not do this?

Ask the person recruiting you to furnish you with the names of the principals of this company and how to reach them?

Contact dxgold and get a name out of them, don't give up until you do. If this is false, you're gonna get a phony name anyhow, but they might resist or avoid giving out a name and that's information in and of itself.

Ask your recruiter for detailed information on his trades. Not just when he started one and when it ended but what did he invest and what was returned? Look for things like the trades being in close chronological order, no gaps of days between trades. They can't on the one hand tell you there are more trades out there than anyone can handle and then on the other hand show days where they weren't trading at all. NOt if their goal is to make money for themselves. And don't let 'em tell you they were too busy to get to it, it's once every six days as I understand it. Nobody is that busy when it's this outstanding opportunity to make all this money.

Ask how many people are currently involved in dxgold, they should know this.

And we're all aware, are we not, that anyone can make a website say anthing they want it to say, are we not? Either good or bad, websites serve the purposes of their owners. Let common sense be the final arbiter.

And then.........

If you do go ahead with it and invest, invest small and the first chance you get take your initial investment back out and maybe even a dollar or two of profit just to show 'em, and never put it back in again. Play with somebody else's money and let that grow to untold thousands.

Finally, sorry I got so windy about all this but I really do think some people are going to get hurt bad here and I hate to see that so I put in my two cents worth.

Best of luck to everyone.