theAARONLOY / /

Top Menu

  • Home
  • About
  • Contact
  • Disclaimer

Main Menu

  • Rants
  • Singapore
  • World
  • Life
  • Art
  • Food
  • Travels
  • Music
  • Games
  • Astronomy
  • Tech
  • Science
  • Eco
  • Business
  • Finance
  • Bargains
  • Randomness
  • Scam Watch
  • How To
  • Home
  • About
  • Contact
  • Disclaimer

theAARONLOY / /

theAARONLOY / /

  • Rants
  • Singapore
  • World
  • Life
  • Art
  • Food
  • Travels
  • Music
  • Games
  • Astronomy
  • Tech
  • Science
  • Eco
  • Business
  • Finance
  • Bargains
  • Randomness
  • Scam Watch
  • How To
BusinessFinanceRants
Home›Business›Gold Silver MLM – Why They Should Be Avoided

Gold Silver MLM – Why They Should Be Avoided

By aaron loy
December 4, 2015
2466
0
Share:

gold silver mlm liability

The following is the transcript, word for word, of a conversation between me and a guy trying to recruit me into an obscure Gold Silver MLM company selling Gold/Silver numismatic coins (Basically, Numismatics = Collector’s ). I deleted his first message sent to me…which is quite unfortunate, but the real important stuff is in my last message to him…after which he went silent lol..

I thought it would be interesting to share. Enjoy the message. TL:DR? Check the summary at the bottom.

——————–

Silver and Gold is great.

Between Stanley TheGreat and You

Aaron Loy January 5 at 3:26am

But gold and silver..as MLM…is not what it seems.

Have you done your research before joining this company of yours? Did you just join because a friend of yours did?

“Limited Edition” premiums are not guaranteed, and Gold/Silver investments are (at this moment) meant to be a hedge against fiat currencies. In other words, it is meant as a medium of exchange, which means what you want is it’s real value as it will be used like cash, only heavier.

You don’t transact with limited edition notes on a daily basis, do you?


Stanley TheGreat January 5 at 3:49am

Yes I did my research, and Historically, Numismatic Coins don’t loose their value like fiat currencies, it is a Collectible item. If you have a problem with MLM that is fine and I understand that.

Sent via Facebook Mobile


Aaron Loy January 5 at 4:30pm

1. Is it Numismatic Coins that don’t lose value? Or is it Gold/Silver that doesn’t lose it’s value?

The problem with numismatics is that the premium placed on it is only by those who really appreciate it’s value. In other words, unless you get the right buyer, you will not get the price that you want and when the shit finally hits the economic fan, you want your silver/gold to be liquid, which what normal gold and silver is.

Also, when that happens, all these numismatic coins will start hitting the market at the same time as people attempt to convert gold/silver into cash. Numismatic premiums only come into the play when fiat currencies are doing well

Often, MLM based Numismatic dealers often over-hype the real numismatic value, unlike say, the official Olympic coins of year 19xx by the US treasury or something.

A simple video to explain – http://goldsilver.com/player/id/54/cID/4/

2. I do not have a problem with MLM. Read my message properly. MLM is one of the best industries to be in with the right products, system and leadership. Never in my message did I even hint at any biasedness against MLM.

Problem with gold silver MLM business opportunities is that there’s no repeat order. You must make a new sale every time. And if you get a new consumer (not a business builder), it is very unlikely that he will make predictable repeat orders unlike consumables like health products, where even non builders will order monthly, giving you predictable income.

The thing is, why would I want to get gold/silver from MLMs when I can get them from any vendors online/offline? They’re margin is only about 2-5%, which ensures that I’m buying as close to its real value as possible.

MLMs operate on products that have a minimum 200% margin. I’m not gonna pay such a high premium on something that will have difficulty maintaining such a premium and its liquidity on the open market when the market crashes, which will then defeat the purpose of buying gold/silver in the first place.

Anyway, I truly and sincerely admire your goals. Prove me and MLM legends like Randy Gage and Yanik Silver and other failed gold silver MLM companies selling numismatics like Goldquest wrong by succeeding in this one.

All the best

——-

Summary:

Legality
Multi Level Marketing or Network Marketing companies are legitimate businesses.

High Margins
These companies must sell products with high margins in order to pay out the commissions. That’s why most successful ones sell consumables like supplements and detergents.

Repeat Sales
The secret to MLM success is repeat sales. Gold Silver MLM opportunities are terrible at getting repeat sales. Also why most successful ones sell consumables

Inflated Numismatic / Collector’s Value
Many of these sell ‘collector’s’ items that’s not being collected by anybody. They don’t make, for example, official Olympic gold medals for a specific year. Where’s the value in something that nobody’s collecting?

Also, Gold and Silver are usually used as a hedge against inflation and market instability. Nobody’s going to be interested in the ‘pedigree’ of a limited edition coin when they’re trying to hedge against a crashing economy.

Numismatics that are in demand (i.e. true collector’s jewellery, famous art and aged wine) are only good investments in a growing economy.

Metal Value
The inflated numismatic value and the need for high margins mean that you’re paying far above the actual value of the metal, which makes it a terrible investment.

 

Hope this quick and dirty exchange has helped opened the eyes of some of you into the world of gold, silver, fiat currencies and non-traditional investments.

 

Tagsbulliongoldmlmnetwork marketingsilver
Previous Article

Kanshoku Ramen Review

Next Article

MINISO Singapore, Another Chinese Ripoff, Arrives in ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • RantsScienceTech

    3 Reasons Why Curved TVs are Rubbish Gimmicks

    August 12, 2014
    By aaron loy
  • BusinessScienceTechTravels

    Powertrekk Portable Fuel Cell Charger Preview – A Battery Scam?

    March 1, 2012
    By aaron loy
  • BargainsFinanceSingaporeWorld

    Amazon Currency Converter – AVOID AT ALL COST

    September 4, 2013
    By aaron loy
  • RantsSingapore

    Sun Xu’s Dogs + Singaporean Farts

    February 28, 2012
    By aaron loy
  • RantsSingapore

    Socially Awkward Singaporean Gahment (& Gang)

    May 31, 2013
    By aaron loy
  • RantsSingapore

    Dear Rosario Garcia Tenerio (Filipino Insults Singaporeans)

    June 26, 2012
    By aaron loy

  • FoodSingapore

    Sanpoutei Ramen Review

  • FoodSingapore

    Buta Kin 豚金. Good Price, Good Ramen?

  • BargainsSingaporeTech

    Singapore’s Skoob and iLoveBooks Review – ebooks Singapore

  • 101
    Followers
  • 177
    Likes
  • 2720
    Subscribers
Cheap Supplements Online Store Singapore!
Cheap Supplements Online Store Singapore!
YouTube subscribe button by Skipser
Sudio Vasa Bla Unboxing, Colour Preview (Review Link Inside)
Heineken, Gives You Wind(s)
How To Keep Garlic & Onion Powder from Hardening
By PoseLab
Visit Youtube Channel




Advertisement

Support the World Wildlife Fund

Double NASA's Abysmal Budget!

Double NASA's Abysmal Budget!

  • Recent

  • Popular

  • Comments

  • How to (Possibly) Fix “TLS Negotiation failed, the certificate doesn’t match the host.” Gmail Error

    By aaron loy
    April 20, 2020
  • Yunomori Onsen & Spa (Singapore)

    By aaron loy
    January 31, 2018
  • Digital TV Antenna Singapore (Free!)

    By aaron loy
    January 27, 2018
  • Sudio Tre Review

    By aaron loy
    January 14, 2018
  • Wolfenstein 2: The New Colossus Discount

    By aaron loy
    October 25, 2017
  • Where to Buy Bean Bags in Singapore

    By aaron loy
    August 31, 2014
  • Starcraft 2: Heart Of The Swarm – Getting Collector’s Edition for Singapore & Asia

    By aaron loy
    March 2, 2013
  • Mass Effect 3 Ending – Why I Feel the it’s ‘Epic – Poetic’

    By aaron loy
    April 3, 2012
  • Sony’s New Mirrorless Full Frame NEX Camera – Why It Might Work

    By aaron loy
    August 15, 2013
  • Who Should Be Ashamed, Mr Lee Hsien Loong?

    By aaron loy
    April 19, 2014
  • aaron loy
    on
    January 27, 2018

    Buta Kin 豚金. Good Price, Good Ramen?

    If you're a real ...
  • aaron loy
    on
    December 18, 2017

    Digital TV Antenna Hack – Cheap, Easy, And..Free?

    Got it, added it ...
  • Esther
    on
    December 15, 2017

    Digital TV Antenna Hack – Cheap, Easy, And..Free?

    hi aaron possible to put ...
  • Lai
    on
    December 7, 2017

    Digital TV Antenna Hack – Cheap, Easy, And..Free?

    yes his setup works ...
  • aaron loy
    on
    November 21, 2017

    MINISO Singapore, Another Chinese Ripoff, Arrives in Singapore

    I value integrity and ...

Disclaimer

Affiliate Links: Assume all outgoing links are affiliate links. Your price remains unchanged (you get better prices sometimes!), yet you'll be able to support the site. Also, this allows us to monetize the site without resorting to conflicting sponsorships. Non-Sponsored Reviews: Assume all reviews are not sponsored unless noted. Example: Most of my restaurant reviews are made unannounced, with food paid for by yours truly. I don't believe in PAP-style inspections and Gushcloud-ish BS. Full disclaimer here.
I ♥ SgBlogs.com Follow

Paperblog

PEPPERJAM