Yep, this is the legend behind the bell if you believe in such things. Two things you have to do with the bell:
1) You can't buy it for yourself and
2) It has to be mounted on the lowest part of your bike.
I used a key chain ring and looped it through a hole that was already in the plate on the bottom of the frame near the oil cooler. Then the bell was looped onto the key chain ring.
From Google (Where ALL THINGS ARE TRUE!)

"There are motorcycle gremlins (AKA: Evil Road Spirits) that LOVE to ride, but they are also mischievous little devils and they cause all sorts of problems for you while you are riding. Road gremlins leave obstacles in your path- old mufflers, pieces of rubber, boxes and things like that. Some say they are responsible for that old lady in the minivan not seeing you and cutting you off in traffic. Or, you may be having trouble shifting smoothly, your battery goes dead, your turn signal suddenly refuses to work, an oil spill appears out of nowhere, etc - you get the idea. Those little gremlins look for trouble and try to steer your bike towards it. Road gremlins hope to make a biker crash so they can rejoice over their little acts of evil.
Once you get a bell on your scoot - it wards off these attacks from the little gremlins, not allowing any more to get onto your bike. If you already have some gremlins riding with you, they will get trapped in the hollow of the bell, and the constant ringing will drive them insane - causing them to lose their grip and fall to the roadway.
When you purchase a motorcycle bell and place it on your bike, it offers protection. If you receive the gremlin bell as a gift - the powerful magic of the bell is doubled. When you place it on your bike, you want it to be low to the ground, but not so low it will catch on obstacles and come off. Place it as forward as possible, so that the road gremlins will jump away when they first see you.
Motorcycles bells come in all types, small angel bells, patriotic bells, dealers specific bells, POW bells, etc. No matter if you believe in road gremlins or not, a road bell and regular preventive maintenance goes a long way to keep you feeling safe and secure."