Buying gold

olion606

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My sister-in-law's boss' friend is selling gold to my in-laws at two third of the market price (i.e. $1.20 sell at $0.80), but my in-laws must wait for 2 months before they can receive the gold. Is commodity trading for gold supposed to be this slow? as in need to wait for 2 months?
 

FP_IFA

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Sounds fishy. Why need to wait 2 months and why is he selling at 2/3 the market price?
 

Dyhalt

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Why sell to your in law for 66% of the price when he can just sell to gold dealers at maybe 97% of spot price of gold anytime?

This does not sound right at all, if I were your in law I'll not buy from that guy.
If something is too good to be true, then its not true.
 

olion606

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Thanks for the warning but my in-laws already received their gold in March and sold off to get back their capital and used the profit to buy some more from the boss' friend. But is commodity trading in gold supposed to take 2 months for each transaction?
 

Mecisteus

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Thanks for the warning but my in-laws already received their gold in March and sold off to get back their capital and used the profit to buy some more from the boss' friend. But is commodity trading in gold supposed to take 2 months for each transaction?

I presume it is pay upfront?

Just ask yourself, why must sell at a discount to you when they could sell at higher prices to the market.

Probably the initial sale is a "warm" up just to make buyers feel good. Wait till your in-laws pump in their life savings then the company will run away.
 

Perisher

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Be careful with such fishy transaction. If you earn back your capital and playing with free $$ then go ahead.
 

kingkongikiss

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bot testing software 123
selling auto bot software alike this, contact 86 999 116.
 
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alexchia01

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Thanks for the warning but my in-laws already received their gold in March and sold off to get back their capital and used the profit to buy some more from the boss' friend. But is commodity trading in gold supposed to take 2 months for each transaction?

Please go and find out about Gold Geneva and Gold Guarantee story.

If u are smart, do a little bit of research, u'll know this is a scam. And it's not new somemore, it's an old scam.

Every year, there are new batch of suckers either graduate from schools or retired from their well protected jobs, whom will suck into this kind of scam because of its high return and never ask about how is it possible?

But, there'll always be someone who believe this to the point that they will worship the scammer and defense this too the end.
 
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maxinger

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My sister-in-law's boss' friend is selling gold to my in-laws at two third of the market price (i.e. $1.20 sell at $0.80), but my in-laws must wait for 2 months before they can receive the gold. Is commodity trading for gold supposed to be this slow? as in need to wait for 2 months?

only fools would believe it is so easy to earn money.

and honestly it is easier to earn money buying 4D, or play in casino
rather than investing in such gold scheme.
 
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stjoe1

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Scam usually works that way .. Let you win small amount first to gain your trust with hope you pumping big amount .. That's when they will run off with your money ..
 

delceer

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My sister-in-law's boss' friend is selling gold to my in-laws at two third of the market price (i.e. $1.20 sell at $0.80), but my in-laws must wait for 2 months before they can receive the gold. Is commodity trading for gold supposed to be this slow? as in need to wait for 2 months?

fishy leh.... don't buy
 

computers70

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There are always 'cheaper' ways to buy gold. pawnshops with abit of neg skils can do the job or 'puregold' company gold bars seems at a good price too. You can get them at qoo10.
 
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