A few days ago, I quit communicating with a young woman supposedly living in Los Angeles calling herself Ellie. She was one of several young women who have “accidently” gotten a hold of me on Telegram – a secure platform boasting end-to-end encryption, enabling privacy for any number of purposes.
For the most part the purposes I have encountered have included an investment scheme, usually involving Cryptocurrency. Ellie started out differently. When I asked if she was doing Crypto, she answered that she had lost in the low six-figures in Crypto.
Her investments were in gold… but it sure sounded a lot like the pitch for Crypto.
When the subject of investing in gold came up, I politely declined and we had conversations covering other areas, such as her desire to ride a horse, or her plans to visit her parents in Singapore, or another plan to visit Japan, or even telling me about the time she got mugged in Paris. France.
Eventually, though, every conversation we had (with the full knowledge of my wife) circled back to an invitation to invest in gold. I came to realize that my conversations with Ellie had only continued because I was, to her, a project, not a person.
Here’s a bulletin – I am not a project. I have more than a few friends who are much better off than I will ever be (barring an unlikely win in the lottery) and none of them has treated me as a project needing their assistance. My friends know that thanks to good money management on my part, I am in relatively good shape financially. I have what I need to thrive. I am not some poor schlub needing a fabulous investment opportunity handed to me. I am an equal. Occasionally, one of my better-off friends will buy me lunch.
And I am good with that.
The better half and I won’t be driving around in a Bentley or one of Mr. Musk’s battery-powered vehicles anytime soon nor will we jump into an airliner to visit Singapore on a whim. However, we pay our bills and usually have enough left at the end of the month to put into savings and take the occasional trip to the Hideaway Ranch where we can soak naked in a hot tub.
Now, if Ellie or anyone else REALLY wants me to take advantage of a short-term investment opportunity with a large return, I need a lot more information than a name and a vague idea where that person lives. And in the unlikely event that I agree to make an investment, I need to know a heck of a lot more about where my money will be going. I don’t care to be providing a dividend for someone further up in the food chain in some Ponzi scheme.
Some years ago, I fell in love with the movie NETWORK. William Holden’s character was in the process of breaking up an affair with Faye Dunaway’s character, delivering the line that Ms. Dunaway’s character was “… television incarnate… shallow, vapid, and lacking any sort of soul.” (I am paraphrasing, here.) I thought of that movie in my dealings with Ellie. She (and others like her) are the Internet incarnate. Shallow, vapid, and lacking any sort of soul. All I can do at this point is to say bye bye. Better luck with the next person you wish to sucker into your investment scheme.
Gold standard, indeed!
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