Have you ever heard of an investment with Guaranteed Return 20% ? Well, this particular one is from The Gold Guaranteed . . . what do you think the catch is ?
Summary
- You Buy Bullion Gold from TGG ( The Gold Guaranteed )
- You keep the gold
- You sign a 3-months-contract with TGG
- TGG pays you 1.7% every month
- At the end of 3 months, you can choose to
- renew the contract for another 3 months or
- sell the gold back to TGG how much you have paid for ( ie. your Capital )
- To renew the contract, you have to pay the additional cost if the gold price has gone up
- Like wise if the gold price has gone down, you get paid extra and also gets to renew the contract
- You pay $22,500 for a 100g bullion and signed the 2 pages contract
- You get paid $382.50 monthly for the next 3 months ( 22,500 x 1.7% )
- 3 months later, 100g gold price goes up to $23,500.
- You paid an extra $1,000 and renew the contract
- You get paid $399.50 monthly for the next 3 months ( 23,500 x 1.7% )
- another 3 months later, 100g gold price goes down to $21,500.
- You get paid $2,000 and renew the contract
- You get paid $365.50 monthly for the next 3 months ( 21,500 x 1.7% )
- another 3 months later, 100g gold price goes back to $22,500.
- You paid $1,000 and renew the contract
- You get paid $382.50 monthly for the next 3 months ( 22,500 x 1.7% )
- when the contract ends, you sell it to TGG and get back $22,500
Month | paid | get back |
1 | $22,500 | $383 |
2 | $383 | |
3 | $383 | |
4 | $1,000 | $400 |
5 | $400 | |
6 | $400 | |
7 | -$2,000 | $366 |
8 | $366 | |
9 | $366 | |
10 | $1,000 | $383 |
11 | $383 | |
12 | $383 | |
$4,590 |
Summary
Maximum Capital : $ 23,500
Total Return : $4,590
Rough Return : ~20%
All this happens while you are keeping your own bullion gold with you until you sell it back to TGG.
How does this sound to you ? What could be the catch if any at all ?
What other strategies you may apply assuming this is a genuine deal ?
What other strategies you may apply assuming this is a genuine deal ?
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