Global Online Depository

If I get the time over the next few weeks I'm gonna be scoping these guys out in more detail and attempt some verification on them.

In the meantime here's a write up:

Also, they are still running their "June Bonus" which means that if you sign up in the near future you get a 25% bonus added to your deposit! So if you're interested remember that a.) they might continue to phase into being a private opportunity in the near future and b.) you get a juicy bonus now. Perfect time to get a placeholder position just in case.

‘Yes, we are a real company.‘

I’ve been scoping out Global Online Depository for the past few days.

The guys behind it buy goods from places like China and resell them with high profit margins. Their latest PDF newsletter has their adventures to acquire vehicles/manufacturing of vehicles in China (little motorbikes - which are always killer on Ebay, all the way up to cars.)

I’m not going to ramble on about them just yet, or do one of my ranting write-ups, but I will be looking into them a fair bit more.

So far from a cursory glance, the stars line up and they look to at least have a lot of potential towards being real.

I’ve been recommended them by quite a few people.

So, consider this a heads up.

Some pros:

- Been around for a long time, it appears.
- From a cursory glance nothing they have claimed is false.
- Massive power seller account, long established on Ebay (I have not yet personally verified this connection but from second-hand sources I have heard that this is true.)
- Rely on the constant influx and outflux of goods. (So something different to a fx trading account for a change!)
- Lots of communication with admins.
- Informative site, even had PDF newsletters and the like.
- Low, theoretically sustainable interest rates (especially if they are selling goods at 40% margins!)
- Jovial ‘good ole boys’ style admins. (Non-dodgy looking photos of them in the newsletters, for example.)
- Can deposit via everything from E-Gold to Bank wires and direct deposits.

Cons:

- Goldcoder script… Which isn’t really a con seeing as it is just poor implementation of the script, and it’s low price, which is associated with scammers.

Either way, there’s a heads up on Global Online Depository. Everyone else is looking into the likes of cool stuff like Joyfund, so I’ll probably go on a little fact finding mission with these guys, time permitting, over the next few weeks just to spruce things up with a bit of variety.

In the meantime, here’s a summary from their site to tide y’all over. Minimum is ten bucks, so there’s not much to stop people from getting in with a placeholder account at least.

“How does a loan program differ from an investment program?

An investment program involves the purchase of assets which are expected to appreciate in value. These assets may be traditional investment instruments like stocks, bonds, futures contracts, and other securities. They may also be things like real estate, rare coins, antiques, or other tangible property. In any case, investing involves the buying and selling of assets, and realizing a profit or loss from those transactions.

In contrast, Global Online Depository is a loan program. Members do not buy or sell any assets. It’s actually much simpler. Members agree to lend money to Global for a term of one year. During the term of the loan, Global uses the money to finance a cyclical purchase and resale of product inventories at a profit. In exchange for the use of the money, Global agrees to pay members a specific, daily interest rate, and also to return the original loan principal at the end of the one-year term. It’s a classic example of a win-win arrangement.

How can I lend money to Global Online Depository?

To initiate a loan, you must first become a member of Global Online Depository. Once you are registered, you can make your first deposit. All deposits must be made through the Members Area. You can login immediately after you’ve registered.

What methods of payment do you accept for deposits?

Online Payment Methods (e-currencies)

* E-gold
* The Online Cash Machine (Coming soon. Not yet available.)

Offline Payment Methods

* Personal check
* Cashier’s check
* Postal money order
* Bank wire

When can I withdraw funds?

Depending on the loan plan you selected, you can usually start withdrawing your interest earnings (provided you have not elected compounding) after 90 calendar days. At the end of a loan’s one-year term, your original principal is released and you can either withdraw it or keep it working for you by making a new loan to Global.

How do I withdraw funds?

Log into your account using your username and password. Click the Withdraw link from the menu of links on the left-hand side of the page. Withdrawals are usually handled within 72 business hours, so please allow time for processing.

How long does it take for my deposit to be added to my account?

Your account will be updated after Global Online Depository has verified receipt of your deposit. Most deposits will become active the same day they are received. However, some deposits may take up to 7 days to become active, depending on the deposit method and the length of time it takes Global to verify your deposit has been received.”

So, if nothing else, Global Online Depository suceeds at being intriguing during this initial scope-out period.

You know, ‘more as it comes.’