Skip to main content

No I don't want to buy Gold Options!

Every year or so some investment company based in Hong Kong rings up my phone and asks for David Arandle of The Extraordinary Tourist web site. Sometimes the first call is merely an introduction to the company asking if their manager (or some other financial investment advisor) can ring me back in a few days time.

Each time they give me the same spiel about buying gold options that will make me a lot of money quickly (well I think it's the same spiel because I only half listen to it). They always refer me to the web site futuresource.com to illustrate their point (note that the previous link will take you directly to the page they referred me to).

In order to take up their offer I need a minimum of US$10,000 to buy ten Gold options that will gain me a guaranteed quick return if I sell the options shortly after buying (because the value of gold is increasing that fast apparently).

If I say I don't have the money for that, they'll immediately assume it's probably because I have a family or just the general economic downturn of recent times, so they ask me this and then make a special offer of purchasing just three Gold options for US$3000. This is the absolute minimum.

If I can't afford this then I'm not really worth their time because this whole deal is a small one to attract my business. The intention is, if they can reliably return me a profit, then I'll go on to invest larger amounts in bigger deals in the future.

Here's the thing. This company is either run by idiots or it employs idiots. Case in point:

  • If they've even looked at my web site my bio page is fair indication of how much money I probably don't have - certainly not a spare $10,000 I can just run out and buy Gold Options with.
     
  • Just today, when the person (named Melissa) rang me she referred to her colleague, who had called me a week earlier, whom I cut off before he got through his first sentence with "I'm not interested in Gold Options don't call me" and hung up. Melissa seemed to be unaware that her colleague's call didn't go well. I didn't tell her that. This time I decided to let her ramble on so I could waste her time whilst she wasted mine.
     
  • About a year ago when I got this same series of phone calls from a some what more pushy Gold Options trader from Hong Kong, with an English accent, he tried everything to try and sell me these options including me asking family and friends for the cash. Once he finally cottoned on that there's was no way he was making a sale he literally called me a 'Bum' simply because I don't earn enough to have a measly $3000 just sitting around doing nothing.
     
  • These people never start out their calls by asking if you can afford a bare minimum of $3000 in Gold Options. Instead they ask you a series of question and run you through a series of figures (for about 20 minutes) all designed to get you saying 'Yes' as many times as possible. This is an old sales technique that says if you can get someone to say 'yes' at least three times to questions relating to your sales proposition then the person is more likely to say yes to your actual offer.
     
  • About four years ago I had one of these people ring me up and I swear I was talking to them for over an hour, repeatedly saying the phrase "I'm not interested in Gold Options" and yet they still thought they'd turn me into a sale. It was like someone trying to convince me of the merits of homosexuality - it doesn't matter how good it sounds I'm just not going to turn - Okay!!. (Sorry to disappoint anyone who is homosexual and thought I just might be too - I love you guys but just not like that!)
The bottom line is, who actually spends $10,000 plus (or even $3000 plus) on gold options based on a cold call from a Hong Kong company? It just sounds to me like they're trying to set me up for a sucker punch.

Here's a quote from the futuresource site: "Futures and options trading involves significant risk of loss". Making money off Gold options is a time sensitive proposition. Perhaps not as risky as betting on a horse but still you don't get a lot of time to think it through.

Sure you might make some quick money but there are better ways to make long term, sustainable profits... and when I find out what those are I'll let you know!

Comments

  1. This is a brilliant post. I have to agree with you that making money out of gold is a time sensitive preposition. Futuresource is right that "Futures and options trading involves significant risk of loss".


    pawn shop

    ReplyDelete

Post a Comment

Comments not directly related to the post will be deleted. This includes spammy generic comments with links to websites not related to the post.

Popular posts from this blog

Yukino Yukinoshita Figurine Cartoon Figure Doll Model Desk Ornament Toy Gift - MULTI-A - Product Review

I must admit I was not familiar with the Anime character Yukino Yukinoshita, from the Japanese book and TV series My Teen Romantic Comedy SNAFU. I bought this figure because I was browsing for one that looked similar to an Anime avatar my partner used for a time on social media.


What actually sealed the deal for me to purchase, aside from how similar the character looked, was the little panda (Pan-san) with the black star eye, which I felt gave the whole figurine set a bit of an edgy look.

When my purchase arrived I was pleasantly surprised by the quality and detail. Having since discovered the Anime TV series the figure is based upon I can say it's a fairly faithful depiction of Yukino.

Standing (or is that sitting?) at 14.00 x 15.00 x 14.00 cm / 5.51 x 5.91 x 5.51 inches the figure is an ideal size for displaying on a desk or bookshelf without taking up too much room. The 1/8 scale allows for a good level of detail, particularly in the characters clothing which, despite being P…

Virtual Reality Addiction Meets Online Shopping and Death!

I'm certainly not the first person to predict the idea of immersive virtual worlds. Movies like Tron (1982) and The Lawnmower Man (1992) are two of the earliest popular culture references to the concept I can think of, off the top of my head. Then of course there is The Matrix (1999) where the VR world idea really hit the mainstream big time.

However, back in early 2005, the practice of online shopping, with real money, for digital products in virtual worlds like Second Life (which was more cutting edge back then) began to meld in my mind with the idea of corporations controlling that experience through marketing and advertising.

Robot Uprising: Patrolling Your Home, Garden and Now The Streets!

Many people think of the inevitable Robot Uprising as a humanoid, Terminator like, robot army, wielding laser guns, hunting us down in some kind of distant future, human Armageddon. What they don't realize is that the robot armies are already taking shape, albeit in a much more passive aggressive form.

I've previously documented the Roomba as the first wave of mass produced robots surveilling your home under the guise of being a floor vacuum.

These irritating devices are supposed to quietly work away in the background while you perform Yoga poses in peaceful bliss but are actually noisy enough to attract your attention and... why does the thing keep missing that one spot in the middle of the floor but has cleaned the same corner four times already!

BEILEXING Autocycle Style ABS Cartoon Building Brick - 378pcs - COLORMIX - Motorcycle kit Product Review

The first time I saw the Beilexing Brick Motorcycle Kit I thought it was nothing short of stunning. I'm not even a fan of motorcycles in general but the detail of this set and how much it captured the spirit of a real world motorcycle really impressed me.

Then I saw the set cost considerably less than a similar sized kit from the Lego Technic range I just couldn't pass it up.

When the kit arrived it did not disappoint. Made from ABS plastic the bricks are fully compatible with, and are of comparable quality to, official Lego bricks. I did notice that the tires and chain links seemed a little less sturdy than their Lego equivalents but beyond that you'd be hard pressed to say the quality of the parts wasn't almost as good.

The model is 35.00 x 10.00 x 6.00 cm / 13.78 x 3.94 x 2.36 inches in size and should be no trouble for intermediate to advanced builders to construct with a clear, and easy to follow instruction manual.

A sheet of decals is included for you to stick …

Halloween - The Door-to-Door Salesperson of Holidays

Halloween isn't really a thing in Australia but over the years it's been gaining momentum thanks to variety and party hire stores that stock up on all things spooky for the occasion.

I dread Halloween every year because I never know if this is going to be the year some wide eyed group of costumed up kids is going to knock on the door and yell 'Trick or Treat' at me. A truly scary thought.

Halloween is a fantastic idea for a holiday, completely ruined by the tradition of going door to door for treats. If you or your family does this, I sincerely hope you never knock on the door of houses that a) You've never met the owner in any capacity and, b) are clearly not participating in the festivities demonstrated by their lack of any Halloween decorations at all.

If you're like me you probably hate door-to-door salespeople, a practice that has thankfully decreased but is still employed by phone and power companies from time to time. There's nothing worse than peop…

Super Sonico Cartoon Sitting Girl with Swimsuit Model Toy - RED - Product Review

I was not familiar with the Anime character Super Sonico created by Tsuji Santa of the Japanese computer and video game software company, Nitroplus, as the mascot for Nitroplus' annual live music festival event "Nitro Super Sonico".

I was actually looking through the GearBest website for another Anime character and liked the look of this particular display figure enough to add it to my cart. (It also helped that the figure was on sale at a significant email only discount at the time).

This particular version of the character features Sonico dressed in her Santa Cape and Swim Suit  complete with holiday trimmings. The hood/cape can also be removed and replaced with Sonico's headphone wire and trademark, long pink hair.

When my purchase arrived I was pleasantly surprised by the quality and detail. Having since discovered the Anime character (and also TV series) the figure is based upon I can say it's a fairly faithful depiction of Super Sonico.

Standing (or is tha…

You Can Travel the World Full Time, All You Need to Do is Start

Travelling the world full time seems like an unattainable dream. Such an endeavour must be expensive, difficult to organize, and be filled with too many unknown risks to even contemplate?

In reality, the biggest barrier to living the dream is thinking it's all too hard, so you never actually start.

Vans, Boats, and Planes Van-Life Maybe your travel dream isn't quite as big as travelling the world?


View this post on Instagram
Be honest... Did I just catch you scrolling on the toilet?! #GuiltyAsCharged 📸: @robanzit A post shared by Vanlife | Eamon & Bec (@rebeccamoroney) on Oct 12, 2018 at 7:47am PDT
Meet Eamen and Bec, who live and travel around Canada and North America in a converted van that is their home. They vlog about their travels and partially fund what they're doing through a small Chai tea business they started.

The two are part of the Van-Life community and their channel covers both the highs and challenges that face people living in a van. It's a great …