G'day Guys, First post but long time lurker.... I have been introduced to a fractional (1 Gm) savings system with a commision system built in. Free to join German company, cant find any problems thought I would share the knowledge. System is free but by a sponsors link. Mine is <deleted> Would be interested in your comments. Gold for the masses seems like a trend.... Keep The Faith Neil Edit - read the forum rules - no affiliate links
do I need an excuse? I have been into PMs for 8 years and have my stack. Most people ake me where to buy but are too lazy to bother . I like the idea of gently moving people into pm in a simple savings type system. We all are here to plug pm so this is another type. N
1gm And commission based You talked me out of it already , not even going to bother with the link Smells like MLM - Amway
some will some wont but I'll bet you a gram you cant find a bad word on the net about it. I put a junk email about silver in the trash 8 years ago I'm glad I was open minded enough to look at it again You life your choices. N
You asked for opinions This type of thing has been tried before (selling gold via MLM ) 1 gram bars are a joke the premium is too high , Valcambi are doing them as well
if you are an average family who knows thwy should be into gold but cant buy an ounce I think the whole idea of small denomination is sensible. If I have 1 ounce and my car blows a gasket I may need to sell it. If I had grams I could sell what I needed and still hold. Given the fact that almost no one has pms I reckon its a great starting point. N
This company allows free storage or delivery. Sales are credited to a prepaid card. Its about getting the average person starting to get an eduation without any major risk. N
Well you keep preaching to the converted here Good luck with your marketing ploy & that's all it really is
if I dont let people know about it some one will. as i said wont be for everyone but will be great for some. Cant afford my own bullion shop or I would be into it. Good luck Spanner. N
Let's do the sums, at current prices: Karatbar: Buy 1g at 49.7 EUR + FX fees. Sell at 34.19 EUR, less FX fees. Assuming 3% FX fees (generous), you're still looking at ~16 EUR per gram buy/sell spread - about 30% of ask price! Goldstackers: Buy 1g at A$48.80, no other fees. Sell at A$46.80, no other fees. $2 per gram buy/sell spread - about a 4% of ask price. I know which I prefer!!!
gold stackers do not do 1 grm physical from what I see. If you are trading then this will be of no interest to you. if you are just wanting to save in a different currency than Euro, $ GBP then its a cheap way to get some small saving going outside the banking system. At the moment 1 grm Pamp 1 grm $70.40 from ABC KB 1 grm $50.71 Euro so not a big price diffrence
Looks like my stupid "smart" phone didn't post the topic... Our oldest (biggest) jewellery shop started with similar system here few years ago. You need to pay at least 40 every 4 or 6 months. After you have 5 grams you can get first bar. The price difference between purchase and selling price is not so big. Although this company has rank "good delivery" I know it's not Argor Heraeus or Umicore or one of more known companies. But I'm helping "local" economy and I think it's good for those who can't afford to buy more than 5 grams at time, especially in time like this (gold prices quite ok, but economy is in bad condition). If prices increases significantly I don't buy and wait, or if prices go lower I buy more. When time will come I will probably sell everything and buy few "bigger" bars. This just "force" me to invest something in gold, at least in few months...
