As Joel says, incredibly, you can buy shares in TGC for 100 grams. Get a dividend every month. dbourse.com. Observe that the dividend is ALREADY going up, as of course it would since TGC grows in lockstep. Figure the compound growth on that rate of increase!
I urge everyone, to save your soul, buy TGC shares, or kick yourself five years from now when "IG" is mentioned on the news every five minutes
look at https://www.dbourse.com/guests only 170 or so remaining.
This stock desperately needs a 1000 for 1 split.
Having only 400 shares it is far too illiquid.
With 400000 shares of 0.1 gram there is much better chance to have an alive
Consider the customer support for that many potential share holders! Its totally mind boggling!
Unless of course you have a payment system like gold-price.net that
rewards your members 0.001 grams for helping each other out by posting replies to
each others support questions. It is feasible for us to offer support
to a very large number of members.
Which is why I had contemplated programming a system to split TGC shares and offering
a trading system where members could buy 1 gram TGC shares that
could be traded just as shares in TGC on Dbourse are traded currently. Unfortunately programming
such a project is the easy part! The legal side of such a project is much more
complex and costly! The other issue is that no amount of money can buy
the trusted reputation that TGC has established over the years and the operators
of such a trading system would need to have this trusted reputation in order
to succeed.
However, from the test marketing I have done, I have discovered two things.
Firstly, there is a HUGE demand for such a concept. Secondly, TGC is extremely
well known and well regarded and this concept would be very well received.
That is the feed back I have got from the members of gold-price.net anyway.
So it seems to me there is a BIG opportunity for someone to create this system.
Don't forget there is ONLY 400 shares, so if someone wants to launch this concept
they are going to need to buy a good size chunk of the remaining shares in order to be
able to do it on any reasonable scale.
Gold-Price.net members own a fairly good size chunk of the TGC shares sold so far
so our options are open to create this system in the future.
Perhaps there will be be multiple systems based on this concept in the future and
even gold currencies backed by TGC shares or other concepts that are based
on TGC shares. Does anyone else have any ideas here ?
If it becomes clear that it might take a few years for all the stocks to
sell (if ever),
TGC shares have only been available for 2 months and more than half of them are sold.
then some people who intially bought TGC shares in the hope
of making a quick profit when the price of the shares rises, will give up
and start selling because they don't want to wait for years.
Like I say Gold-Price.net members own a good size chunk of the TGC shares
sold so far and we are not in TGC to make a quick profit! In fact we don't have any plans
to sell our TGC shares in the near future, just as we have no plans to sell our
gold any time soon. The reason being is that TGC shares are in grams
of gold. Rather than leaving our gold in e-gold and having 1% deducted
each year in agio fees we have decided to earn the dividends that
TGC pays on that gold instead. Perhaps we will sell the TGC shares
in 10 years time but then again maybe not.
For the time being the TGC dividends nicely cover the 1.4 grams of e-gold we
give away each week in prizes and the 0.002 grams we give away every time a member
posts in our forums.
Regards,
Joel Bruce http://gold-price.net
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