Hi celline & michael,
the company simply take our money & purchase more gold,
the trend of gold price had been rising for the past 5 years;
http://www.usagold.com/gold-price.html
I've been studying this company for a year b4 I decide to take some risk few months ago.
No other places trading offers this simple method,
no monthly fees, no agent fees, no manager fees,
buy gold at 2% off discount, sell them off after 30 days & receive original gold price payment.
Morever I have an agent running the purchase for me,
I don't have the pay him, the company do that.
I don't have to queue for the gold for 3 hours, my agent does that.
He's a singaporean, you can copy down his NRIC particulars if you are afraid he'll run away with your money or gold.
Refer to UOB gold price chart here;
https://uniservices1.uobgroup.com/secure/online_rates/gold_and_silver_prices.jsp?keepThis=true&TB_iframe=true&width=560&height=400
<table border=1><tr><td> </TD></TR><TR><TD>Description</TD><TD>Unit</TD><TD>Bank Sells*</TD><TD>Bank Buys </TD></TR><TR><TD>Singapore Physical Gold Prices</TD><TD></TD><TD></TD><TD> </TD></TR><TR><TD> Kilobar</TD><TD>S$/kg</TD><TD>54592.47</TD><TD>50901.00 </TD></TR><TR><TD></td></tr></table>
Selling price of a kilobar is still $50K right?
Isn't it safer than buying stocks,
which your paper may turn useless then the company goes burst overnight?
E.g. Purchase a kilobar at $64 x 1000 = $64000,
pay $64000 x 0.98 (2% off discount) = $62720
30 days later, return the gold, get back $64000,
Earning $64000-$62720 = $1280 (MONTHLY EARNING!!!)
This $1280, you'll get from the bank in 2+years if you parked the money in the bank.
What's the risk....
1. Lost the gold bar, then die lor...
2. Fire broke out & gold bar melted
3. The company went busted
For situation 2 & 3,
You can sell off the gold at pawn shop immediately, at around 20% off...
About $64000 x 0.8 = $51200,
but lose only 18%, cause you had 2% off discount upfront... remember?
(lose if sell-off immediately : $62720 -$51200 = $11520)
But I'll wait for gold price to increase before pawning it off,
if you see the trend of gold price, it'd been rising & never dropping,
or keep for 20 years & give to my daughter as dowry... hahaha...