THIS PROGRAM CLOSED 04-19-2011. It is the policy of HYIPBlogger.com to annotate reviews that were written for programs that have closed or turned into scams. These past reviews may portray opinions that no longer apply or give an impression that is no longer accurate. Therefore, to prevent the possible spread of misinformation, HYIPBlogger, with our readers’ best interest in mind, has hereby invalidated the review of Midas Gold Fund.

Hello readers! I hope your week went well and hope you’re all enjoying the weekend. To anyone in China reading now, Happy New Year! If you are spending time with your family, I hope your holiday is relaxing, if you are partying in the city do not drink to much 啤酒! Or that rice wine you have over there, it’s killer.

The January edition of HYIP Blogger Monthly will be sent out probably tomorrow as I’m planning on getting another program review written and hopefully posted tonight in addition to this one you’re reading now. If you haven’t subscribed for my monthly newsletter, your chance to get last month’s edition will be gone shortly, so sign up now to get the exclusive material I send out to subscribers.

Now that I’m finished with my advertising plug lets move forward and look tonight’s new long-term program Midas Gold Fund.

Midas Gold Fund opened to investors on January 24th and has been making daily payments everyday since. Since we’re all here to learn more about the program and not make small-talk, lets move right ahead and take a look at the major features of the program:

1. Deposits are accepted in Liberty Reserve (LR), Perfect Money (PM) and Alert Pay (AP).
2. Principal is returned at the end of investment.
3. Payments are made 7 days a week and withdraws are processed within 24 hours.
4. No withdraw minimum is listed but remember Alert Pay’s minimum is $1.00.
5. Minimum amount you can invest is $10.00.

Now that we know the basic information about the program, lets take a look at the investment plans offered by Midas Gold Fund. First, it’s important to note that all plans last for 30 days and there is no option to withdraw your principal early. So, be sure before investing you’re willing to lock in your money for 30 days (there is always the potential with HYIP programs that you will not receive your investment back, or any of the interest promised you).

Midas Gold Fund has six (6) different investment options depending on the amount you invest. As most of the options require very high minimum investment amounts, I’m only going to be going over the first two options in this review. The first plan offers 1.7% daily for 30 days. There’s a minimum deposit of $10 with a maximum of $1000, so from experience, I believe most investors will be interested in this plan. If you were to invest $100 in this plan you should receive $1.70 daily for 30 days for a total of $51. After return of your principal you should have $151 and have a profit of $51, not too bad for a one (1) month investment.

For those willing to take higher risk, the second plan offers 1.9% daily for 30 days. As all the investment options are essentially the same, you’ll find with a $1000 investment you receive $19 daily for 30 days for a total of $570. So, after 30 days when you get your principal back you should have a total of $1,570. The remaining plans require too high of investment amounts for me as it’s my belief that if you are going to invest in HYIPs, it’s important to risk only small amounts, or only what you are willing to lose. It’s a very real risk that you will not receive your money back when dealing with HYIPs, so knowledge and being prepared for that loss if it happens is necessary.

My review process starts with an in-depth examination of the program’s website, to determine if a number of red-flags show up. First, I check out the site itself to determine if the text used is original or ripped-off of other company websites. The text on Midas Gold Fund is original for the most part, if not a bit generic. There isn’t much information given  and the Q&A section is generic. The program uses a licensed GoldCoders script, so some of the texts are provided with the script.

The next thing I do is check the site’s security. The first thing I do is a Whois search and an IP search. The Whois search unfortunately didn’t give me any useful information as the site has privacy protection, but the IP search gave me the following:

So, we know from the above information that Midas Gold Fund is hosted with DDoS protection on a Dragonara dedicated server. In addition, we can find on the site that SSL encryption is available through Comodo.

I took a look at Midas Gold Fund’s Alexa traffic analysis, and it’s too early to really determine anything. The program had a spike at its beginning and that’s pretty much all we can see. At the current stage of the program, it’s really impossible to forecast what will happen next. Time is the only thing we can rely on to tell us they program’s length and whether it will be profitable for investors.

I have received my first few withdraws from the program and everything seems to be going without any concern at this time. The program has announced a contest, a “payment proof contest” where $100 will be awarded to a winner who posts payment proofs, more details can be found: HERE. I’m not concerned about this contest even though I don’t typically support contests in general as they can be detrimental to a program. However, in the long run $100 shouldn’t damage Midas Gold Funds in any way.

I’m going to sign off for now as tonight is American Football’s “BIG GAME.” I figure I’ll join a few friends, watch the game and then come back here to hopefully write another review for you all. Unfortunately, no promises on my side as I might get too tired or join in the festivities a bit too much to be able to put anything else up tonight.

Anyway, I hope you all learned a bit more about Midas Gold Fund, as always if you have any questions feel free to contact me and I’ll do my best to answer. Until next time, thank you for walking with me through the world of HYIP investing!

This review was paid for by Midas Gold Fund.