Basset Gold 3.14% Savings Bond Review - Is it Genuine or Scam?
Basset and Gold are now promoting a 3.14% Easy Access Cash Bond. However despite the use of the word BOND which is commonly associated with cash savings accounts at a bank this is an investment where you could lose your money and not receive interest either. The reviews on the Basset Gold website are all very positive - but they don't highlight any of the risks. Just because something has paid out in the past doesn't mean that it will in the future.
Past performance genuinely is not a sign of future performance.
If you are tempted by the rates that are higher than some savings accounts then make sure you are fully aware of the risk that you may not get your money back. Personally I prefer to use bank accounts that pay up to 5% interest and are guaranteed as well as FSCS protected.
The risk warning is on the Basset & Gold website but not given as much prominence on their Facebook adverts and is generally downplayed by saying that they've paid out up to now. Many other investments such as storage pods said exactly the same before they went bust and lost investors money.
Past performance genuinely is not a sign of future performance.
If you are tempted by the rates that are higher than some savings accounts then make sure you are fully aware of the risk that you may not get your money back. Personally I prefer to use bank accounts that pay up to 5% interest and are guaranteed as well as FSCS protected.
The risk warning is on the Basset & Gold website but not given as much prominence on their Facebook adverts and is generally downplayed by saying that they've paid out up to now. Many other investments such as storage pods said exactly the same before they went bust and lost investors money.
Risk Warning
Past performance is not indicative of future results. Investment through the Basset & Gold Fixed Income Bonds involves lending to companies or individuals and therefore your capital is at risk and interest payments are not guaranteed if the borrower defaults. Investors should note that it could take the time it takes to liquidate an asset held as security, such as selling a property, in order to get money back at an acceptable price. Detailed risk information is available in the Invitation Document that is provided exclusively to eligible investor
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