Raids on gold trader in S'pore, Malaysia

[corydorus]

Is worst than stock bubble imo. You are playing against fraudsters out to cheat you. Maybe only 1 out of 10 got out which is much worst than going to casino. But Stupidity and Greed are always there.

[Temperament]

Actually "GOLD INVESTMENT SCAM" has been existing for a long time already. And i can tell you it will never go away.
6 to 7 years ago or even longer, i was approached by my wife's cousin asking me to invest in gold run by XYZ company. He even showed me real 500gm and 1kgm gold bar issued from Swiss bank to entice me. When i asked him how XYZ profited from my investment and where was my risk for this investment, he could hardly explained. So that's the end of my story with him.

Again please be reminded "Gold Investment Scam" and many other scams will always exists. All experienced investors will always try to understand as much as possible the risk of an investment before commitment; And not so much on the return. And of course if someone promised or guarantee you a return which is too good to be true or even reasonable, run for your life. Experience investors know there is no "guarantee" in any type of investment. Yes! even your money in CPF's board. After-all nobody really knows exactly what happens to your money in CPF's Board. Do you?