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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: patron_anejo_por_favor who wrote (159958)10/25/2008 9:26:13 AM
From: TommasoRespond to of 306849
 
I was trying to think of what could possibly be wrong with NGD or NSU.

So far the only thing I could think of is that management could abscond to some location from which they could not be extradited and take all the company cash with them.

That's actually not altogether a joke. One of my first precious metals purchases was in something called the Prospector Fund, and one of the managers did just that. The parent company eventually "made me whole" as they say, but it sort of shook me up that it could happen. In the very long run my piddling $1500 turned into about $8,000 and last year I donated the appreciated results to an art museum.

Anyway, I wish that anyone who can think of anything wrong with NGD or NSU would do their worst and speak up.

To me, they look like free money.