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Gold Mine in Bedroom Drawers & Who knows where else? Chattel Invest Twist Golden OPP!
There's all kinds of Things happening with GOLD these Days...
The Good, the Bad and the Very interesting. Of course Do your Research & homework Well on who you deal with if you decide to "Twist" yourself a business idea into or Out of Gold. http://newstranscript.gmnews.com/ROP...rapgoldcom.htm http://www.goldkit.com/Watch-Our-TV-Advertisement.asp http://www.goldkit.com/ http://www.goldsheetlinks.com/ http://www.usfunds.com/landingpages/whats_driving_gold/ Phil |
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Re: Gold Lottery Clubs
Thanks Phil for talking about Gold.
I'm not sure if schemes like these are everywhere in the world. But in India - most people buy gold in lottery systems. Because most mid income families in India can't afford to buy whole gold biscuits, what they do is open a club of 12 people. And every month all of these people pool in their money to buy a gold biscuit. Each one has to pay just 1/12th the money every month - which is quite affordable. And every month - they pick out a name from a hat. That person gets to take that gold biscuit home. In a year - every one ends up getting their hands on 1 gold biscuit. And everyone also ends up paying the same 12-month-averaged amount for their gold. So they are relatively safe from short term increase or decrease in prices. (If you want to invest in 2 gold biscuits a year, you join 2 such clubs.) I think this is a great model of investment. There are such investment clubs for stocks. But with stocks - there is a problem of deciding which stocks to buy and sell. With gold - there is no decision problem. Last edited by Ankesh : September 27, 2006 at 03:03 PM. |
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