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$1,000 Worth of Vouchers From Gold Buyback Firms
By Financial Planning Central  •  January 17, 2013

Ever since Genneva was investigated by CAD, some other firms have came in to fill the void. One such firm has been very aggressive in using telemarketing to promote their gold buyback scheme. This firm promises to give attendees $1,000 (or more) worth of vouchers just by listening to them!

Now, what kind of vouchers do they give?

 

 

As you can see, they are giving some vouchers for $50 discount for 1 gram of gold. What is this $50 when they mark up the gold at 20% to 30% compared to spot prices?

Another type of voucher entitles the holder to $400 off for some luxury bag purchase! But wait, this voucher can only be used with a minimum purchase of $1,000! I don’t even know if the bags are worth that much in the first place.

While we wait impatiently for the Do-Not-Call-List to be implemented, many ...

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By Financial Planning Central
Tiang Chuan is a Independent Financial Adviser (IFA) with PromiseLand Independent Pte Ltd, an Independent Financial Advisory Firm. One of the reasons that propel him to join the Financial Advisory industry is the realisation of the importance of proper Financial Planning due to the experiences in his growing-up years. Read about his story to know more about what he went through
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