EXHIBIT-99(d) - Investment Management Fee Waiver Agreement

EXHIBIT-99(d) - Investment Management Fee Waiver Agreement

Midas Management Corporation

00 Xxxxxxx Xxxxxx

Xxx Xxxx, XX 00000

April 29, 2009

Board of Directors

Midas Perpetual Portfolio, Inc.

00 Xxxxxxx Xxxxxx

Xxx Xxxx, XX 00000

Dear Gentlemen:

Midas Perpetual Portfolio, Inc. (the “Fund”) has entered into an Investment Management Agreement with Midas Management Corporation (the “Investment Manager”) whereby the Investment Manager provides investment management services to the Fund.

We hereby agree to waive the fees payable to us under the Investment Management Agreement for the period from April 29, 2009 to April 29, 2010. This agreement may only be amended or terminated with the approval of the Fund’s Board of Directors.

This agreement is subject to the terms and conditions of the Investment Management Agreement and shall be governed by, and construed and enforced in accordance with the laws of the State of New York, except insofar as federal laws and regulations are controlling.

If you are in agreement with the foregoing, please sign the form of acceptance on the enclosed counterpart hereof and return the same to us.

Very truly yours,

MIDAS MANAGEMENT CORPORATION

	By:	/s/ Xxxxxx X. Xxxxxxx
		Xxxxxx X. Xxxxxxx, President

The foregoing agreement is

hereby accepted as of April 29, 2009:

MIDAS PERPETUAL PORTFOLIO, INC.

By:	/s/ Xxxxxx X’Xxxxxx
	Xxxxxx X’Xxxxxx, Treasurer and Vice President