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FIB - Scams 101 - Ye Olde Archives

Who, What, Where is DX Gold?

Posted By: Larry Snipes
Wednesday, 13 April 2005, at 1:48 p.m.

In Response To: Re: What is Currency Exchanging? (The Roadie)

Thanks for taking the time to write an explanation. I appreciate it. Where can I find info on DX Gold, such as their location and function in the marketplace? I looked for online info but have came up short. Considering that people are sending their money to this place that is operating similiar to a bank or credit union why is there no information available? Does anyone knows anything about DX Gold? IF you can point me to something online I would appreciate it. Thanks.

> You know how Gameboys and PlayStations can make you think you're really a
> world-class dragon slayer, skateboarder, or racecar driver?

> The on-line currency exchange "games" are the same way, but for
> folks who want to pretend they're really involved in big-league forex
> transactions. They enter the world created for them by the organizers,
> with software apps that really look like they're shuffling money around
> but it's all bits and bytes. You buy your way into the game by converting
> your real money to their virtual "gold", and if you're lucky,
> and it suits their purposes, they let you convert some of it back out to
> real money.

> But it's all based on trust. At some point, I'm convinced, the game
> manager will say - that's it, fold, run away, and keep all the money that
> hasn't been extracted back to safety. Early distributions can be explained
> away as an advertising expense, to lure additional people into the game by
> buying their trust.

> I bet real world currency exchange markets would laugh at these games, if
> they even knew they existed.

> Anyone who can prove otherwise is invited to show me the proof of an
> alternative explanation. Otherwise I plan to wait patiently for the first
> one to fold and prove it's a scam.

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You'll find great information in this "Read Only" Archive, but remember..... things change.
Be sure to visit the Current Message Board when you're finished here.

We're very friendly, so don't be shy... just jump right in and post your question.
Scams outnumber legitimate biz ops about a bzillion to one, so it's well worth your time.



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(you know who you are... you scream "Foul!" when the truth comes out)
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