Have you ever been invited to a pitch for Agarwood trees investment? I received a call the other day from a company “Eco Global Network” inviting me for a “Go Green” campaign. It was supposed to be a talk to spread awareness on environmental issues and as an incentive for attending the 1-hr session, I […]
It seems that another gold trading company, SG Gold, has collapsed. The slump in gold prices was cited as the reason by SG Gold for their closure. A few hundred clients of SG Gold are affected. When Genneva Gold closed down previously, SG Gold was one of those companies who offered to bail out the investors. […]
It is time our regulators catch up with the tricks employed by creators of investment scams. Otherwise, anyone can bypass the current regulations and sell investment instruments to the man in the street by using a product X as concealment. X can be gold, silver, cotton, pearl, paintings, wine, land – it can be anything! […]
Investors of The Gold Guarantee have been hit with a new problem. Although the owner of the company had run away and defaulted on the company’s buyback obligations, the investors comfort was that well, at least they still had their gold with them. It appears that they are now having problems selling their gold to a […]
CAD has recently published a FAQ on it’s investigation of The Gold Guarantee. If you were hoping for useful information, unfortunately you are going to be disappointed. The Gold Guarantee FAQ provided by CAD is essentially a cut and paste job of their earlier FAQ on Genneva Gold. The key messages are: Any questions or disputes should […]