right eyelid twitching

[wathecrap]

Why can't you simply tell me which bank so I can give them a call to gather more details. A 6% guaranteed return is an excellent deal given the current slump in interest rates the world over.
Even the Kiwi dollar only pays between 4% to 4.5% which is pittance by historical standards. 4 years ago, I was getting 9.5%.
.

I dont think this 6% return the guy is talking about is for real or if it is, there is bound to be some kind of catch.

 

[krafty]

6% is not much, really... imagine you invest 1 mil in the gold bond. within a year, they probably make about 50% more with it and pay you $3000. i guess they use your money, do some scalping in gold and divest in other futures, daily, make little by little, compounded and give you this little as return.

if no castrophe happen in the world, your return will be sui sui, if not, prepare to write off huge losses.

Why can't you simply tell me which bank so I can give them a call to gather more details. A 6% guaranteed return is an excellent deal given the current slump in interest rates the world over.

Even the Kiwi dollar only pays between 4% to 4.5% which is pittance by historical standards. 4 years ago, I was getting 9.5%.

This is what I've gathered from other sites :



I cannot find any institution that is offering a fixed return of any sort.

 

[Fook Seng]

6% is not much, really... imagine you invest 1 mil in the gold bond. within a year, they probably make about 50% more with it and pay you $3000.

You mentioned "probably" but this is guaranteed, meaning fixed income, very high return leh. I also heard that some banks can lend you money for short term without interest and cost. Don't know what the catch is but combining the two, you can make money from nothing.

Normally these two conditions do not happen together, not even once in a blue moon but across countries, there is a slim chance for a short period where some smart people will try to arbitrage.

To be able to offer high interest, the bank must be short of money and there are many borrowers willing to pay high interest or their investment team has good investment prospects.

For banks to offer zero interest loans, they must be flushed with money with zero return from their normal investments or very few borrowers. They wish to transfer the holding risk to you and in case of default payment, they will charge you a penalty and high interest. Such loans are only offered to selected retail customers who are not likely to result in bad debt. The amount is normally very small and available only for a very short period.

It is very unlikely both conditions can happen at the same time except in different countries. I understand at the moment they are some banks offering the zero interest loans. So 6% guaranteed interest probably cannot be offered at this time.

 

[krafty]

haha...provided you are the next of kin of the bank founder...

hi, arron, lei ho leng zai, heard you fly in to s'pore.

I also heard that some banks can lend you money for short term without interest and cost.

 

[Leongsam]

6% is not much, really... imagine you invest 1 mil in the gold bond. within a year, they probably make about 50% more with it and pay you $3000. i guess they use your money, do some scalping in gold and divest in other futures, daily, make little by little, compounded and give you this little as return.

Who is "they"??? Which bank? I have some cash to spare and gold bonds with a guaranteed return of 6% is exactly what I'm looking for as all my term deposits are currently at 5% or less. The best I've managed to get recently is 4.65% for 9 months.

If you're not talking about some covert undertable arrangement, what is wrong with disclosing which banks are offering this product?

 

[krafty]

oki, i go find out detail and get back to you in your pm.

it's definitely not some undertable agreement.

If you're not talking about some covert undertable arrangement, what is wrong with disclosing which banks are offering this product?

It is very unlikely both conditions can happen at the same time except in different countries. I understand at the moment they are some banks offering the zero interest loans. So 6% guaranteed interest probably cannot be offered at this time.

 

[krafty]

boss and FS,

you all are right, the yield has went down also.

btw, the bank which he bought the gold bond from is DBS.

hope that clarifies.:o

cheers!

oki, i go find out detail and get back to you in your pm.

it's definitely not some undertable agreement.

 

[eatshitndie]

Who is "they"??? Which bank?

ah long bank. yields can be as high as 69%, depending on effectiveness and arm-twisting techniques of collectors. if they resort to splashing red paint or scratching cars, yields may be as low as 0%. :o

 

[scroobal]

DBS does not have a gold product comes close to what was mentioned nor do any other banks in Singapore. I have seen your threads on investment overtime and none of it makes sense. Once I remember you askedi if was good to invest in a product with 0.8% interest when all the banks were offering rates that were at much higher rate. On another occasion you asked for property advice for a friend again had millions. And the information provided did not make sense.

boss and FS,

you all are right, the yield has went down also.

btw, the bank which he bought the gold bond from is DBS.

hope that clarifies.:o

cheers!

 

[Leongsam]

boss and FS,

you all are right, the yield has went down also.

http://www.dbs.com.sg/personal/investments/unittrusts/default.page

Please point me to the fund that you're referring to.

What is the present yield and when did it drop from 6% to the current value?

 

[Leongsam]

DBS does not have a gold product comes close to what was mentioned nor do any other banks in Singapore. I have seen your threads on investment overtime and none of it makes sense. Once I remember you askedi if was good to invest in a product with 0.8% interest when all the banks were offering rates that were at much higher rate. On another occasion you asked for property advice for a friend again had millions. And the information provided did not make sense.

The only gold product I can find is BGF world gold fund which returned a negative figure in the last 6 months.

 

[jubilee1919]

The only gold product I can find is BGF world gold fund which returned a negative figure in the last 6 months.

If you are keen to know more from DBS, maybe I can connect you to my nephew who quite senior there. He is in Institutional Banking, and if he is not the right person, he can introduce you to his colleague.

 

[Thick Face Black Heart]

Who is "they"??? Which bank? I have some cash to spare and gold bonds with a guaranteed return of 6% is exactly what I'm looking for as all my term deposits are currently at 5% or less. The best I've managed to get recently is 4.65% for 9 months.

What is a gold bond with a guaranteed return?!?!?!

All my life investing I have never heard of such a product.

 

[Leongsam]

If you are keen to know more from DBS, maybe I can connect you to my nephew who quite senior there. He is in Institutional Banking, and if he is not the right person, he can introduce you to his colleague.

I don't deal with real people in this day and age. I have everything set up so I can do all my banking over the net. All I need is help in finding the product in question because for the life of me I can't find it on the DBS website. I've googled, done a site search from their home page and even logged on to my ibanking account to try to seek out privileged information. Nothing can be found.

 

[krafty]

http://www.dbs.com.sg/personal/investments/unittrusts/default.page

Please point me to the fund that you're referring to.

What is the present yield and when did it drop from 6% to the current value?

boss, i can't prove anything, like i say earlier, it was thru a dinner conversation at tanglin club that i learnt the return was 6%, that was in August this year. i called him earlier today, and he said it was not 6% and has dipped. btw, i actually wanted to join in cos' his brokerage fees got discount that normal investors will not get. he has been a dbs client all his life, and probably older than scroobal and you. he is now overseas, i will find out more, not for the benefit of you two but i am also seriously thinking of putting in little money.:o

DBS does not have a gold product comes close to what was mentioned nor do any other banks in Singapore. I have seen your threads on investment overtime and none of it makes sense. Once I remember you askedi if was good to invest in a product with 0.8% interest when all the banks were offering rates that were at much higher rate. On another occasion you asked for property advice for a friend again had millions. And the information provided did not make sense.

you really work like an online recorder, things i can't remember, you also can recall.

anyway, i am just learning and i am sure i am on the right track with advisors around me.

i am sure that you are deducing things from my online postings which you can't make out fully. so you start to imagine things that are beyond your grasp.

 

[Leongsam]

What is a gold bond with a guaranteed return?!?!?!

All my life investing I have never heard of such a product.

Neither have I. That's why I'm so interested in getting more information.

 

[jubilee1919]

I don't deal with real people in this day and age. I have everything set up so I can do all my banking over the net. All I need is help in finding the product in question because for the life of me I can't find it on the DBS website. I've googled, done a site search on the DBS website and even logged on to my ibanking account to try to seek out privileged information. Nothing can be found.

Rubbing shoulders with top bankers can do no harm.

 

[Leongsam]

boss, i can't prove anything, like i say earlier, it was thru a dinner conversation at tanglin club that i learnt the return was 6%, that was in August this year. i called him earlier today, and he said it was not 6% and has dipped.

OK it has dipped but I'm still very interested even if it's down to 4.8%. I'm struggling to get a reasonable return on my cash holdings at the moment. Interest rates are less than half of what they were 4 years ago.

Please call him and ask him what the returns are now and also get the name of the fund. Thanks in advance.

 

[Leongsam]

Rubbing shoulders with top bankers can do no harm.

I don't need to do that sort of shit anymore. If I want a better interest rate or exchange rate, an email exchange usually yields the desired result.

SG banks pretty much have their hands tied anyway. There's only so much the top brass can do while staying on the right side of the law.

 

[krafty]

boss, was "guranteed" mentioned???

but rest assured, gold and oil is always heading up in the long term.

OK it has dipped but I'm still very interested even if it's down to 4.8%. I'm struggling to get a reasonable return on my cash holdings at the moment. Interest rates are less than half of what they were 4 years ago.

Please call him and ask him what the returns are now and also get the name of the fund. Thanks in advance.