It's not the usual kind of chit fund that goes bust . There is a difference.
You know what I love ? Telling a dude who actually has been doing something for more than a decade , that he has no idea of the risks involved or what actually happens in the background. The audacity. Giving your view isn't wrong but saying " I will get nothing and actually lose money" while I've been doing this for a decade + , including my family members, while making considerable profit , is just pure arrogance from your side.
I have practical experience and expertise in this scenario. You have theoretical.
There is risk in everything. That's why folks stick to reputed brands with global reach .
Your views of whether something is good or bad can never supercede a person's actual experience dealing with the scenario .
I literally redeemed a matured scheme yesterday, getting 23 grams of gold at 7250+ average rate , and paid only 6% making charge + gst. It was 3 items, with making charges of 11%, 14% and 20%. Since the scheme wajves till 14% , I paid only 6% extra. This is literally yesterday.
Been doing this for years. Warning someone that there is risk involved is good , agreed. There is risk in everything. But making blanket statements without knowing the reality is wrong.
If you don't want to invest in gold schemes cause you are scared of getting cheated , you have two options :
1. Don't invest. That's it.
2. Use folks like me as example , and invest in the one me or sparkit invests in. You have examples of proven track record which you can use for reference. We don't invest in small time shops. We invest at reputed well established brands that have global reach. Thats how you reduce your risk .
Blindly instead causing fear mongering is not the way to do things.
Last edited:
