Gold-Pay and Matchbook

[ItchyHooHoo]

Are you predicttng the future? If so you might want to swithch business models. The relevant future price of the dollar is very hard to predict. It IS on a downward cycle but MAY be on the uptick soon. You havent happen to see the spending obama has just completed have you?

Im not here to lecture...i like your plan and MAY give it a try...but dont give out investing advice please.

Ask zimbabwe in the early 1990s if they thought their currency was on a downward spiral after having a growth rate of almost 5 percent.

[Gold-Pay]

Are you predicttng the future? If so you might want to swithch business models. The relevant future price of the dollar is very hard to predict. It IS on a downward cycle but MAY be on the uptick soon. You havent happen to see the spending obama has just completed have you?

Im not here to lecture...i like your plan and MAY give it a try...but dont give out investing advice please.

Ask zimbabwe in the early 1990s if they thought their currency was on a downward spiral after having a growth rate of almost 5 percent.

I wasn't trying to predict the short term price of gold or the dollar. I was just pointing out that as a long term investment the dollar is historically constantly losing value. The example I gave earlier was that in 1972 1 ounce of gold could be bought for $35. Now one ounce of gold can buy about $900. What is actually happening is that gold is retaining it's value whereas the dollar is constantly losing value. So an ounce of gold buys about the same as it did in 1972 whereas $35 buys a lot less today than it did in 1972.

There are of course fluctuations in both the price of gold and the dollar over this time period.

I apologize if it sounded like I was giving investment advice, it is basically a historical fact that the dollar is historically losing value as a long term investment.

Thanks for the response.

[Dark Horse]

I don't think there is any debate that the long term value of dollars and every other fiat currency is downward.

A very risky statement. Typically people that talk like that do not put their money where their mouth is. The point is that, in the case of gold-pay, the long term is all but irrelevant.

Gold dropped from roughly 935 to 870 in the last two weeks (now up from that low). Let's ballpark that at 7%. So funds could have easily lost 7% in one week. That's the reality. For transactions of the gold-pay variety it is short term. And I doubt that the average sports bettor will consider it when leaving funds in for a few days.

As to longer term. They're all out of crystal balls where I live. But looking at market confidence today, and taking 935 at starting point, I would be willing to bet that gold will drop 20% before it will gain 20%.

[Gold-Pay]

A very risky statement. Typically people that talk like that do not put their money where their mouth is. The point is that, in the case of gold-pay, the long term is all but irrelevant.

Gold dropped from roughly 935 to 870 in the last two weeks (now up from that low). Let's ballpark that at 7%. So funds could have easily lost 7% in one week. That's the reality. For transactions of the gold-pay variety it is short term. And I doubt that the average sports bettor will consider it when leaving funds in for a few days.

As to longer term. They're all out of crystal balls where I live. But looking at market confidence today, and taking 935 at starting point, I would be willing to bet that gold will drop 20% before it will gain 20%.

Again, I wasn't trying to speculate on the short term price of gold or the dollar. Like any investment the time horizon is always relevant. Most users of Gold-Pay will not maintain static balances in Gold-Pay for long periods of time so fluctuations will have little effect on the average user.

In the long term, looking historically at the last 30 years the dollar is worth substantially less than it was whereas gold has never been worth less than what it originally started at when the gold standard was abandoned.

I doubt you are willing to bet that $1 today will buy the same amount of goods as it will in twenty years. That is the only point I am making. It is much more likely that one ounce of gold will buy the same amount in 20 years.

Thanks again for the response.

[Dark Horse]

Twenty years is meaningless when gold-pay customers have their funds exposed to gold fluctuations for days or weeks. You're simply creating a false sense of trust that has no relevance whatsoever to the business you're in. The intermediate term is relevant, however, especially if one can discern a general upward or downward trend. In that light I would suggest that investors fled to gold when the markets were in panic mode, and now that things are starting to calm down the gold price will most likely show a downward trend. This would make gold-pay a high risk method of payment, in my opinion.

[ItchyHooHoo]

I appreciate the clarifying gold pay. It shows your interested in the points we make. Like i said...i may even sign up once i decide whats going on with matchbook and the limits. Not trying to bust chops.

Quick question. I have seen that the max daily is 250 to transfer to matchbook and 2k monthly. whats the max amount we can put in to gold pay via western union or moneygram. also, if you take moneygram to make it cheaper on our end, do you accept moneygram money orders?

Thanks for your time sir.

[Gold-Pay]

I appreciate the clarifying gold pay. It shows your interested in the points we make. Like i said...i may even sign up once i decide whats going on with matchbook and the limits. Not trying to bust chops.

Quick question. I have seen that the max daily is 250 to transfer to matchbook and 2k monthly. whats the max amount we can put in to gold pay via western union or moneygram. also, if you take moneygram to make it cheaper on our end, do you accept moneygram money orders?

Thanks for your time sir.

The maximum deposit amount to Gold-Pay is $3,000 for both ** and ** per transaction. There is no monthly limit. We do not take money orders.

Thanks for the response.

[WileOut]

Gold dropped from roughly 935 to 870 in the last two weeks (now up from that low). Let's ballpark that at 7%. So funds could have easily lost 7% in one week. That's the reality.

No, you would not lose 7%. You would lose 7% only if you had transferred to gold pay and left your money there, but nobody is going to do that.

7% in one week is average 1% a day (I understand that it didn't go down exactly 1% each day but for simplicity lets just average it). You would have lost say 1% or 2% if you wanted to deposit $500 into gold pay then matchbook. Because if you transferred say $500 to gold pay, you would have all the funds in matchbook in 2 days ($250 per day), so you would have between 1 day and 2 days exposure to risk.

That was my point in my long post previously. As long as you don't leave your funds in gold pay, and reduce risk daily, you are not going to lose or gain much money at all.

Guys, you are really over complicating this. Basically in this thread I think we have the matchbook haters who don't want to see them succeed for whatever reason. This is simply the possible solution to getting funds into matchbook with ease using ** or ** that everyone has been waiting for. Its not that complicated or risky. I'd be willing to bet that its going to work and work well.

[Dark Horse]

You would have lost say 1% or 2% if you wanted to deposit $500 into gold pay then matchbook.

It was just an example. You could lose 5% in a day with gold. Then again, you could gain it as well. As long as that is understood, there is no problem.

As long as you don't leave your funds in gold pay, and reduce risk daily, you are not going to lose or gain much money at all.

True. And in that case, the angle that gold is such a safe long term investment has no meaning at all.

People do leave money in these type of constructions, however. Of course, if you can only move $250 a day, then gold-pay is set up to hold your funds for longer than you may like. Personally, I'd rather be safe than sorry. Imagine the Neteller fiasco with gold. lol.

(The skeptic in me sees this as a possible way to bet that the gold price will come down, with other people's money. You deposit 5K today, and a month from now it's worth 4K, that type of deal. And there is no guarantee that gold-pay will be around for a long time.).

[bleedblue]

Guys, you are really over complicating this. Basically in this thread I think we have the matchbook haters who don't want to see them succeed for whatever reason. This is simply the possible solution to getting funds into matchbook with ease using ** or ** that everyone has been waiting for. Its not that complicated or risky. I'd be willing to bet that its going to work and work well.

I would absolutely love for Matchbook to succeed, but there are a few problems that are apparent to me.

-We have to use an intermediary that no one has ever heard of.

-We have to leave the money in the intermediary to deposit over $250.

-We are going to see fluctuations in our balance at this intermediary.

-The ******* rep is presenting biased and potentially misleading arguments about the future value of the product he is selling.

I don't think we can get a true perspective of what to make of this without doing some due diligence and getting unbiased expert advice on the matter. Wileout, can you provide any information that might put people at ease?

[bleedblue]

(The skeptic in me sees this as a possible way to bet that the gold price will come down, with other people's money. You deposit 5K today, and a month from now it's worth 4K, that type of deal. And there is no guarantee that gold-pay will be around for a long time.).

Why do you feel this way? Is there something about this that suggests the investment part of it would be -EV?

[Gold-Pay]

I would absolutely love for Matchbook to succeed, but there are a few problems that are apparent to me.

-We have to use an intermediary that no one has ever heard of.

-We have to leave the money in the intermediary to deposit over $250.

-We are going to see fluctuations in our balance at this intermediary.

-The ******* rep is presenting biased and potentially misleading arguments about the future value of the product he is selling.

I don't think we can get a true perspective of what to make of this without doing some due diligence and getting unbiased expert advice on the matter. Wileout, can you provide any information that might put people at ease?

Let me clarify a few things:

1. Yes we are new. Everyone starts somewhere.
2. Yes you may experience positive or negative fluctuations in your balance.
3. My only comment is that the dollar, over time, has historically lost value. That isn't my opinion that is a fact. Inflation is a measure of what the dollar loses in value every year. Prices of the dollar and gold fluctuate on a daily basis.
4. To the extent that the current low limits possibly increases your exposure to gold price fluctuations that is true.

Thanks for the response.

[WileOut]

bleedblue its not really that hard. You have to use an intermediary to deposit at any offshore book. This is just another intermediary. Yes we will see fluctuations in your balance that you leave in gold pay which is why I have suggested numerous times that you not leave money there if you don't want it at risk. Its that simple. Look at the gold charts. Study them. You will see that by reducing your exposure by 250 daily you are not going to lose or make much money in the process. Gold pay is going to make most of their money on the 2% the charge matchbook for deposits, probably.

The value of the money in your wallet fluctuates daily. Do you worry about that?

Here is the breakdown:

You want to deposit 2k into matchbook. You do 2k moneygram to gold pay, transfer 250 a day and your 2k + or - some probably small amount is all in matchbook in 8 days. You are reducing your risk by 12.5% daily too. This is not risky. Its not an investment unless you leave your money in there. And to those people who do leave their money in gold pay then they understand they are taking the risk. Its that simple.

ONLY IF YOU LEAVE YOUR FUNDS IN GOLD PAY WITHOUT TAKING OUT $250 A DAY ARE YOU BEING "RISKY" WITH YOUR MONEY.

If you are transferring 1k or less then please disregard all conversation on this subject because you are going to gain or lose 10 bucks or less the vast majority of the time (there will be the 1 in a thousand guy that loses 50 bucks of his 1000 during transfer to matchbook, I concede that).

Dark Horse, I agree, I think gold pay may be speculating that gold is going down in the near future so that is why they set it up like this. Even knowing that I would use gold pay to transfer 2k into matchbook because I know the risk is very small for me. If I lose 11 dollars to transfer 2k into matchbook I really don't care. I know next time I could gain 25.

There are stupid people in the world who will let there money sit at gold pay. And there are people who will forget their balances. They will possibly make or lose a good bit of money over the years. Or they could break even LOL.

[LVHerbie]

Guys, you are really over complicating this. Basically in this thread I think we have the matchbook haters who don't want to see them succeed for whatever reason. This is simply the possible solution to getting funds into matchbook with ease using ** or ** that everyone has been waiting for. Its not that complicated or risky. I'd be willing to bet that its going to work and work well.

I definitely not hating on matchbook and in fact I'm now in need of getting more money on their site and somewhat willing to jump through some hoops to get it done... (which is the only reason I'm continuing to follow this thread...) The reason I'm not using this service is specifically because I don't understand why I should trust a new company that no one has ever heard of with $2000 (+ or - unwanted fluctuations) for any amount of time when the only main company they are apparently working with right now only trusts them to transfer $250 per customer per day... There are alot of other question marks here as well but for me this is the big one...

I'm pretty sure the reason I've taken my stance (because you are new and unproven) is the same reason matchbook has made their decisions about the limits they placed on you as well... Until this issue is addressed I'm going to be forced to use one of my only other options (interbook transfer and bankwire) only because I dislike them somewhat less then the looks of your current setup...

[LVHerbie]

And oh, BTW, there have been companies that have claimed to have large holdings of precious metals that turned out not to exist and I wouldn't imagine that it would be hard to buy audit documents or even <gasp> possibly fake them... Thus personally I view almost all of these types of claims of solid financial backing in the offshore industry as worthless on the surface... Not saying this is the case here but I rather have matchbook either decide to vouch for you more strongly or see some other reputable books decide to work with you rather then be provided with scans of documents or pretty pictures of stacks of gold...

Also, Wileout, do you have some involvement with company in some way? You being the only one offering consistent and persistent support of them here makes it look like you might so it seems fair (if this is the case) that maybe you could disclose the facts of such an arrangement?

[Santo]

Just to clarify from before my vacation, the IP address you get when you ping them is that of Awknet, who are a DOS company based out of LA, California.

This means that it's hard to see who they're associated with and where they are based, but is not in itself a reason for concern.

[Gold-Pay]

I definitely not hating on matchbook and in fact I'm now in need of getting more money on their site and somewhat willing to jump through some hoops to get it done... (which is the only reason I'm continuing to follow this thread...) The reason I'm not using this service is specifically because I don't understand why I should trust a new company that no one has ever heard of with $2000 (+ or - unwanted fluctuations) for any amount of time when the only main company they are apparently working with right now only trusts them to transfer $250 per customer per day... There are alot of other question marks here as well but for me this is the big one...

I'm pretty sure the reason I've taken my stance (because you are new and unproven) is the same reason matchbook has made their decisions about the limits they placed on you as well... Until this issue is addressed I'm going to be forced to use one of my only other options (interbook transfer and bankwire) only because I dislike them somewhat less then the looks of your current setup...

Perfectly reasonable that you would exercise whatever caution you feel is appropriate. I am optimistic we will see some increase in the limits with Matchbook by the end of next week.

[Gold-Pay]

And oh, BTW, there have been companies that have claimed to have large holdings of precious metals that turned out not to exist and I wouldn't imagine that it would be hard to buy audit documents or even <gasp> possibly fake them... Thus personally I view almost all of these types of claims of solid financial backing in the offshore industry as worthless on the surface... Not saying this is the case here but I rather have matchbook either decide to vouch for you more strongly or see some other reputable books decide to work with you rather then be provided with scans of documents or pretty pictures of stacks of gold...

Also, Wileout, do you have some involvement with company in some way? You being the only one offering consistent and persistent support of them here makes it look like you might so it seems fair (if this is the case) that maybe you could disclose the facts of such an arrangement?

Just to be clear, Wileout has no relationship with Gold-Pay. In fact Gold-Pay does not have anybody on any site that is posting on our behalf other than under this username of Gold-Pay. Thanks for your responses.

[WileOut]

No LVHerbie I have no connection with Gold Pay at all. To be truthful I haven't even used them (but I will trust me).

What I am saying is that for a year now everyone has been complaining about not being able to get funds into matchbook (even though it can't be any easier to get a ******** card and do it that way, or any other gift card for that matter). People have been complaining that matchbook has no easy way to get a moneygram or western union to the place. Well here is a solution, a way to easily send a ** or ** to matchbook, and there are people still complaining.

All I'm saying is give them a shot. If you aren't sure then send $1000 or 500 or 250. Then increase if it goes well.

I am a matchbook fan more than anything and want to see them succeed. It is very important that matchbooks succeeds if you are an American, enjoy gambling, and don't want all the books to limit you to 500 a bet. At matcbook there are no limits and it is a pure market. Its my favorite gambling site and it should be every Americans favorite place to gamble because it is the cheapest, and its one of 2 places that offers live betting. Why would you want to pay -110 when you can get +104 at matchbook? WHY?? For the life of me I can't understand this. People are so weird.

I don't understand why this thread has so much negativity in it and wanted to be a positive voice because this seems like a very positive thing for matchbook and American gamblers.

Santo the IP thing was explained. I would go out on a limb and guess that they are not based in the united states because of the hostile environment. Its just easier to do this in another country, why on earth would they do it in the US? I'm sure they are in Costa Rica or Panama or somewhere outside of the United States.

Their website says they were founded in Panama and have customer support and marketing offices in CR.

[Santo]

My concern wasn't so much where they were, as opposed to the fact the IP linked them to a number of MLM and other e-money type sites that have folded.

It appears however they just subcontracted the same DDos protection.

[Dark Horse]

Why do you feel this way? Is there something about this that suggests the investment part of it would be -EV?

The movement during economic uncertainty is away from stocks and into gold. Investors in financial markets are just starting to find some confidence after an extended period of fear and even panic. As they put their money back into stocks, the gold price will come down.

[NeedProtection]

Just to clarify. Our servers are not located in the US. We do use some DDOS protection services and that is run through a company that uses servers based in the U.S. The web servers and database servers for Gold-Pay are not in the US.

Hostname Country Code Country Name Region Region Name City Postal Code Latitude Longitude ISP Organization Metro Code Area Code
69.42.213.61 US United States CA California Los Angeles 90014 34.0438 -118.2512 Awknet Communications, LLC Awknet Communications, LLC 803

your ip resolves to CALIFORNIA, USA

NEXT.

**** this place.

[Gold-Pay]

Hostname Country Code Country Name Region Region Name City Postal Code Latitude Longitude ISP Organization Metro Code Area Code
69.42.213.61 US United States CA California Los Angeles 90014 34.0438 -118.2512 Awknet Communications, LLC Awknet Communications, LLC 803

your ip resolves to CALIFORNIA, USA

NEXT.

**** this place.

Just to clarify, in case you are not familiar with how this stuff works. DDOS mitigation is usually a proxy server that cleans incoming data before it arrives to the web server. Since all data needs to be cleaned the public IP of the proxy DDOS server is where all requests to the site go first so they can be examined for potential attacks before they are forwarded to the web server. Gold-Pay uses a service that has a proxy server in the US. As I said the web server and database servers are not in the US. I hope that clarifies things for you. Thanks for the response.

[Gold-Pay]

I definitely not hating on matchbook and in fact I'm now in need of getting more money on their site and somewhat willing to jump through some hoops to get it done... (which is the only reason I'm continuing to follow this thread...) The reason I'm not using this service is specifically because I don't understand why I should trust a new company that no one has ever heard of with $2000 (+ or - unwanted fluctuations) for any amount of time when the only main company they are apparently working with right now only trusts them to transfer $250 per customer per day... There are alot of other question marks here as well but for me this is the big one...

I'm pretty sure the reason I've taken my stance (because you are new and unproven) is the same reason matchbook has made their decisions about the limits they placed on you as well... Until this issue is addressed I'm going to be forced to use one of my only other options (interbook transfer and bankwire) only because I dislike them somewhat less then the looks of your current setup...

Not sure which response to reply with this information but this seems as good as any. Matchbook has increased the daily deposit limits for Gold-Pay to $400 per day.

[Gold-Pay]

Not sure which response to reply with this information but this seems as good as any. Matchbook has increased the daily deposit limits for Gold-Pay to $400 per day.

Just a quick update on Matchbook limits for Gold-Pay, Now $500 per day, $1000 per 14 days, $2,000 per month.

[NeedProtection]

Just a quick update on Matchbook limits for Gold-Pay, Now $500 per day, $1000 per 14 days, $2,000 per month.

Your site is down.

[MrEyeball]

A question on the payouts 2% +2.00?
so for 1,000 its 20+2.00?
No ** fees

[Gold-Pay]

A question on the payouts 2% +2.00?
so for 1,000 its 20+2.00?
No ** fees

Yes, the total fee for a withdraw by ** is 2% +$2 of the amount withdrawn. Your example, to withdraw $1,000 by ** the fee you pay is $22 is correct.

[sergfro]

24/7 email support??? its been almost a day and no response...

[Gold-Pay]

24/7 email support??? its been almost a day and no response...

This issue has been resolved for you.

[MrEyeball]

My opinion that this is fairly good. I mean you pay just the ** fees, and going out the 2%+2.00.
As far as the fluctation of the value of your deposit, I really don't think a few cents up or down will kill anyone. We are not talking about 50K here.

Secondly some of these books charge 4-5% for a money gram withdrawel like Betonline.
They charge like $85.00

[Gold-Pay]

.

Quick update. You can now you use Gold-Pay at Wagerstreet.com .

[Gold-Pay]

Quick update. You can now you use Gold-Pay at Wagerstreet.com .

Quick update. You can now you use Gold-Pay at WSEX.com .

[genz]

i've been trying to access the gold pay website off and on for the past few weeks but it has always been down. i just tried a few minutes ago and the same thing happened again.

[Gold-Pay]

i've been trying to access the gold pay website off and on for the past few weeks but it has always been down. i just tried a few minutes ago and the same thing happened again.

Not sure what problems you are having. We did have a few issues in the last week but I am not aware of any problems today.