Had a coffee with my church member the other day,we were then talking about business,investment and economy,suddenly this friend asked me if I did any of the so called "gold investment" i said none.
He then told me that he was about to invest some money in one company dealing with gold bars,which comes in the form of 3 month contractual basis and which also guarantees a 2 % ROI on your investment every month renewable every 3 months.
Coincidentally the company that my church friend wanted to invest in,is owned by a friend of mine too,so my church friend was telling me that the owner was making handsome return month in and month out,if I was not convinced I could verify with the owner.
When my friend asked me if I was interested to join him in that particular investment,which he was honest to concede that he would override a certain commission from my investment too.
Now a sane mind would tell you that this is a very good investment that literally gives you a guaranteed 24 % ROI per year,compared to the 3 to 4 % of FD ROI and you actually hold a physical god bar with the weight commensurate with the amount invested.
Now the question,can it be so good to be true or otherwise for I haven't got a clue and too be frank I am not kind of convinced.....
P/S : I am okay with risk but not so if it was a cheat