What I am doing is a Precious Metals Buying Club. Here is some info as to how it would work....... It will actually be an add on to my one site PPREI. When you go to [url removed, login to view] you will have the option of going to the Real Estate Side or the Metals side. Here is what features for members area.
* 1. You pick the type of Precious metal you wish to invest in (Gold, Silver, Platinum)
* 2. You decide how much you wish to invest each month.
o a. You can invest in a specific number of any precious metal bars, regardless of spot price.
o b. You can invest a specific amount of money.
+ i. If you set the amount of money to invest each month, we purchase as many bars as possible. Any remaining funds are carried forward for next months purchase.
+ ii. You can even save for a bar. For example, should you decide to invest in gold, but only wish to invest $[url removed, login to view] per month, we will continue to carry forward your funds until you have enough in your account to purchase a bar of gold.
* 3. Monthly payments (your choice)
o a. Can be charged directly to your credit card.
o b. Can be made by post dated checks (12 months is required to start a membership, cheques must be made out for the 15th of the month)
o c. Can be pre-paid in cash (6 months is required to start membership, and you must supply a photocopy of your drivers license).
o d. Can be paid by PayPal, a request will be sent on the 15th of each month.
* 4. You decide how often you wish your bars to be shipped. Shipping charges can affect your overall investment costs. Bars not scheduled for shipping are stored in our bank's safety deposit box.
There are 4 options
o a. Hold for local pickup (you must make arrangements, after notification)
o b. Ship every month.
o c. Ship once every 6 months.
o d. Ship once per year. This offers the best option for reducing your overall investment costs.
There will be a monthly membership fee to be able to keep the price of the metals as close to spot as possible.
I hope this is enough info..... The only other one I have seen that would operate like this is [url removed, login to view]
My budget is very small as we are going through a slow down in business so please do not over qoute.