Skip to main content
Now building my TET.Life Store.

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.


Buy Gifts and Apparel featuring art by TET

Popular posts from this blog

Guest Post: MY SOOPER DOOPER NEW CONSERVATORY/ART STUDIO!

Today's guest post is by Artist, Writer, and Mental Health Advocate, Jo B Creative who writes for her blog, Creating My Oddessey.

You should see our (almost) brand new conservatory, half of which is my art studio. 'Lucky me!' I think to myself. Not every creative bod can boast that. It's HUGE! Like a giant greenhouse.

We first moved to our pleasant cul-de-sac house - great for raising kids - when our son, who's on the cusp of thirty-one, was four. One of the main reasons that we wanted it was that, apart from its location on the fringes of a historic market town in rural Hampshire, UK, it had a sizable conservatory looking onto the back garden. It was brown wood framed and had a corrugated transparent roof sloping down from downstairs ceiling height. On the face of it, it doesn't sound that glamourous, but we loved the idea of a conservatory. Luxury! I even liked the red brick walls which it was built against - the original exterior of the house - and the light …

Finding Time to Skate - Swap a Skateboard Session into Your Weekly Workout Routine

A common problem among skaters dealing with work/life commitments (typically older skaters with families, careers, or both) is finding the time to actually spend on a skateboard. In fact, life in general getting in the way of skateboarding, is what often leads so many to drop out of the sport, only to rediscover it later, once everything else starts to even out.

I'm certainly in that category. Never really giving skateboarding away altogether but only using a skateboard to get from A to B, when I didn't have a vehicle, for many years. In the last couple of years I've been trying to get back into the sport properly, i.e. building up my trick list and skating for fun and not just to get from A to B.

The problem is I have so many interests, projects, paid work, and more, that I would often leave skateboarding to the end of my day. Kind of as something to look forward to. Except I wouldn't be that motivated to really improve because my mind would be fried from everything …

The Lego Man - He's got all that!

Who would have thought that owning one of the worlds largest, private Lego collections could take you so far. Tom Lucieer of Angaston, South Australia, not only has met the Queen (of England) but is a frequent guest of her majesty and family when they are in Australia. He's also met Prince Charles, Lady Diana and Camila Parker-Bowles. Not only that, he grew up with TV Vet, Dr Harry, and is a friend of the Irwin family (yes, that's Steve Irwin's family).

Tom will happily tell you all this as part of the guided tour of his collection, which, aside from Lego, includes much railway memorabilia and colourful anecdotes about days gone by, his achievements and more. Frequently he will finish each particular monologue with the phrase, "Have you got that?", just to check that he hasn't confused you because, as he points out, his display and the stories behind it are a lot to take in at once.

In the photo you can see Tom holding a special award, which I think is for bein…

Creating a Mobile Independent Artist Business - Part 10: Opportunities to make money (Part A)

In my last post I looked at What to Create and Finding Your Market. This post is something of a natural follow on from finding your market as many of these money making opportunities include their own market places that you can research to see what kinds of themes and subjects sell best.

It's worth doing this research to find out if the art you're already creating is a good fit for that market place - which is ideal - or if you may have to consider expanding your interests to cover popular themes in order sell in a particular market.

Movie Review: Avengers: Infinity War (2018) *Spoiler Free*

Ten years in the making and Marvel finally releases part one of the Avengers versus Thanos, A.K.A. Avengers: Infinity War.

After seeing all 18 films in the MCU prior to this, and liking most of them, I was pretty confident this movie would not disappoint.

Other than a few minor issues - that are all my personal taste and in no way reflect on the quality of the film - it really delivers. Thanos is indeed the big, bad villain of the MCU that we've been antcipating.

12 Side Hustle Ideas You Won't Overthink and Can Start Right Now

Have you been thinking about starting a side hustle to earn a bit of extra money but haven't been able to make a start because of everything you don't know about running your side hustle yet, or because of other things you think you have to do first?

If this is you then chances are, what you're really doing is making excuses not to start. I can't start anything new until I cross a few more things off my to do list. Sound familiar?

I'm too busy to start my side hustle and don't have the time to work on it just now.
One reason you may be stalling is a perceived notion that your side hustle is actually too complicated, and is going to require a lot of research and education before you're even ready to make your first dollar.

Here are some side hustles you can start in the next hour or two for low or even no cost. You don't need to know the ins and outs of everything you just need to start, everything else is 'on the job' training. It doesn't m…

Movie Review: Spider-Man - Into the Spider-verse (2018) *No Spoilers*

I didn't go see Spider-man: Into the Spider-verse in theatres because a) Sony, and b) Animated movie... and if there's a c) Sony + Spider-man.

Then I started hearing all this word of mouth that this movie is really good so I thought, 'yeah, still not going, I'll wait for the home release'.

Then it won all these awards including an Oscar for Best Animated Feature... so I guess this movie must be good...right?

I rarely see animated features in the cinema because I have little faith in them to deliver enough entertainment at an adult level. Especially movies like Into the Spider-verse which you know is skewing for a younger demographic (as all Spider-man films in general do due to the popularity of the character with kids).

Having bought this movie on DVD (which is why I'm reviewing it now) I don't regret not having seen it in theatres, even though it would have looked amazing on a big screen.

The animation style is what really makes this film stand out. If I…