Tuesday, November 6, 2012

Caught out

Many things have been said about the gold investment schemes and the companies that were raided recently. Most of them are not true. The companies did not take illegal deposit. They sell gold. A special license is not needed to sell gold. Just the normal business license which they have. Gold is physically given when a payment is made. There's also no necessity to have license to appoint agents. They are just like other agents selling insurance, unit trust, tupperwares etc. Nothing concrete has come out after a month of investigations. Meantime investors are left in a lurch................    

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