My friend came to know about this gold investment in JB/Malaysia. He has to invest S$8000 to buy a piece of 916 gold bar weighing 100g. The period of investment is 6mths, each month his interest is a piece of 916 gold leaf. He can trade in the gold leaf for money however he will get 2% lesser. At the end of 6mths, he can keep the gold bar. However, if at that time, the price of gold is higher, he can choose to sell to outsider at higher price. But if the price of gold drop, he can still sell to the originator at S$8000.
Everybody heard of or involved in such investment. Pls share your experience Thank you.
2007-03-08 03:22:12 · 5 answers · asked by Jan 1 in Business & Finance ➔ Investing
I think this is some sort of scam. Better stay away from this. The spot price of pure gold today is about 654 US dollars per ounce. That makes the price of 100 grams somewhere in a neighborhood of $2300. Why pay $8,000 for it? He will probably pay 8000 and either see nothing at all or get his 100 grams of gold. In both cases he loses. I suggest -- stay away from this, period! You want to buy gold, either buy gold futures or you can perhaps go to www.ajpm.com and buy gold bullion there.
2007-03-08 03:47:02 · answer #1 · answered by Alexander K 3 · 3⤊ 0⤋
sounds fishy to me. Gold is a stable investment. You don't usually get rich quick. That being said If gold dropps below 400 an OZ that is a good time to buy. Back in the 1850's An Ounce of gold would buy you a very nice suit. Today an Ounce of gold will still buy you a very nice suit. A few years ago When gold plummeted to 250 an OZ was the best time to buy. Now gold hovers around 650 to 700.
2007-03-10 17:42:11 · answer #2 · answered by carolinatinpan 5 · 0⤊ 0⤋
you may find useful information on gold investment and other too on this website:
http://www.bestwaytoinvest.com
2007-03-09 11:42:34 · answer #3 · answered by bestway 1 · 0⤊ 0⤋
That would be like going to Las Vegas and playing Blackjack and if you make a Blackjack then you win their money and if you lose then the Casino gives you back your money.
In other words, you always win.
2007-03-08 12:56:08 · answer #4 · answered by Anonymous · 0⤊ 4⤋
Right now it is very good
2007-03-08 11:25:41 · answer #5 · answered by santhosh k 1 · 0⤊ 0⤋