Buying Gold from Goldline?
Duke Nukem asked:
So a friend of a friend, whom isn’t too bright, unknowingly made an oral agreement over the phone to buy some gold from Goldline. I’m questioning if this is a binding agreement since there was no exchange of money…(price paid for a promise). Can he get out of it? What happens if he refuses to pay? Can’t he claim he was duped into buying it?
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So a friend of a friend, whom isn’t too bright, unknowingly made an oral agreement over the phone to buy some gold from Goldline. I’m questioning if this is a binding agreement since there was no exchange of money…(price paid for a promise). Can he get out of it? What happens if he refuses to pay? Can’t he claim he was duped into buying it?
March 12th, 2010 at 5:17 am
If he didn’t sign anything, I doubt that they can enforce any agreement.
Gold is going to prove to be the dumbest investment of 2009/10.
It is a fool’s desire to somehow by miracle protect their personal assets from the volatility of society and markets and namely inflation. Trouble is there is no escape.
The better path is to have a diversified portfolio of assets that provide value to people, and hence yield cash flow returns that can be counted on to match future expenses over one’s lifetime. greatinvestideas