Post by
luscar99 on Feb 09, 2024 10:17am
Warning: Ponzi scheme !
In case you haven't figure it out yet CGXF is a scam. A Ponzi scheme where you get a part of your own money back via monthly distributions (Return of Capital).
The rest of your money would be looted as MER, providing generous salaries and bonuses to people who theoretically should be profitably trading gold equities but have no idea what they're doing.
It has no relation with the price of gold or gold equities. Just a fancy name to attract morons who wrongfully believe they invest in a gold proxy.
You'll never get your money back and the longer you remain in the game the more money you'll be robbed of.
Comment by
tinkvid on Mar 11, 2024 1:25pm
Yeah, Thats why I dont hold this longterm.....Great for a good run and take your profits. ANY Covered call is a trap. Back in mid 8's and gonna hand it back to them. But in these make like a bandit and run....Don't hold for longterm