- Written by Marc Courtenay
- Monday, 23 July 2012
Our friends at Agora Financial brought this story to our attention, which greatly alarms us. Here's how they reported it:
"From China comes word of a huge gold futures trading scam. According to China Daily, more than 5,000 investors were ripped off to the tune of $59.6 billion since 2008.
“That is obviously a very significant amount, this is an enormous scam,” comments Vancouver veteran Adrian Day, president of Adrian Day Asset Management, in a post at Forbes.com.
"The Chinese newspaper was thin on details of the scheme, but the implications are clear enough: “It might make Chinese investors turn toward the physical, rather than esoteric contracts,” says Mr. Day. “I don’t think it will make Chinese people not buy gold. It will just make them want to buy physical gold and keep it.”
That's why we're bring to the attention of our readers the Hard Assets Alliance —from our perspective one of the simplest ways to buy, store, sell or take delivery of precious metals.
For a limited time, setting up an account is absolutely free... so you can see for yourself how simple the website interface is, at no risk to you.
Begin by clicking here to read the details and understand why we're excited about the debut of this service. It is a much needed and safer alternative to blindly buying shares of ETFs like GLD and SLV.
The members of The Hard Asset Alliance have excellent, long-term credentials and stellar reputations. As they recently wrote to this editor, I wanted to share some of the following which describes what they've created:
"Helping clients navigate the challenging global economy while uncovering the best ways to invest to protect and build wealth is a core role played by each of these organizations. In that sense, each of the members of the Hard Assets Alliance might be viewed as friendly competitors.
"It's noteworthy, therefore, that these firms have come together under a single umbrella organization with the express purpose of letting their clients know about this low-cost and highly efficient breakthrough in buying, selling and storing precious metals that, until recently, has only been available to institutional investors, hedge funds, pension funds and high-net-worth brokerage clients.
"And that brings me to SmartMetals™, the reason the Hard Assets Alliance exists."
Getting started sounds easier than you might imagine. The steps are laid out on this landing page in a simple, step-by-step formula that was designed for people who don't like complexities and mazes.
Our long-time readers know that we only make available on our site products or services that we have had personal experience with or have developed a personal relationship with those making the offering. Credibility is essential in the investment world during this age of limited accountability and too many con artists.
Breakthroughs such as SmartMetals™ don't just happen – solving the challenges of providing a super-efficient, super-secure alternative to the "paper gold" offered by GLD and to the uncertainties inherent in buying and selling through most dealers required a tremendous amount of time, money and concentrated effort by a very experienced team. You'll find more on the team behind SmartMetals™ in the Q&A below.
Speaking on behalf of all the economic and investment research organizations that make up the Hard Assets Alliance, we are very pleased to be a part of this giant step forward for precious metals buyers, and to be able to make this breakthrough new way to buy, sell and hold physical precious metals available to you.
Feel free to let your friends and associates know about SmartMetals™; they'll be glad you did.
P.S. Join the Alliance today, and they'll waive the one-time membership fee. Normally, there is a $35 membership fee when you join the Hard Assets Alliance. Asking new members to pay for the cost of opening their account allows us to keep the costs of buying, selling and storing their metals as low as possible. However, for a short period of time, they're waiving the one-time, initial membership fee. Joining the Alliance and benefiting from its low cost, flexibility and convenience today will cost you nothing at all. But you must open your account now to take advantage of this savings.
First do your own due diligence, ask lots of good questions, read all about the Alliance, and decide for yourself if it isn't one of the best and easiest ways to invest directly in precious metals and related products.
Disclaimer: Nothing in this commentary should be construed as investment advice or guidance or any recommendation to buy or sell any financial instrument. It is not intended as investment advice or guidance, nor is it offered as such. It is solely the opinion of the writer, who is NOT an investment counselor/professional. All content of this commentary is solely an expression of his personal interests and is posted as free-of-charge commentary and is subject to error and change without notice. Please do your own due diligence before investing in ANYTHING. The presence of a link to a website does not indicate approval or endorsement of that website or any services, products or opinions that may be offered by them.