I REFER to the raids on four gold trading companies. It was reported that the authorities had acted on complaints.
Were these companies legitimate gold traders? And why did Bank Negara take years to act against them?
I believe what the authorities do is for the benefit of the public.
Also, if these companies are legitimate, this investigation will clear them.
I do not know how the business model of these companies works, but they can bring such lucrative returns to investors.
Do these companies disclose the risk to investors by issuing prospectuses, like most investments regulated by the Securities Commission?
Major banks in Malaysia offer gold investment, but they do not guarantee returns, and whatever returns are based on capital appreciation.
Why are banks unable to follow the business model of these gold trading companies? Or are banks taking all the profits?
For people like me to feel secure when investing, the authorities should regulate every investment.
I believe what the authorities do is for the benefit of the public.
Also, if these companies are legitimate, this investigation will clear them.
I do not know how the business model of these companies works, but they can bring such lucrative returns to investors.
Do these companies disclose the risk to investors by issuing prospectuses, like most investments regulated by the Securities Commission?
Major banks in Malaysia offer gold investment, but they do not guarantee returns, and whatever returns are based on capital appreciation.
Why are banks unable to follow the business model of these gold trading companies? Or are banks taking all the profits?
For people like me to feel secure when investing, the authorities should regulate every investment.
Read more: GOLD TRADING: Why did Bank Negara take so long to act? - Letters to the Editor - New Straits Times http://www.nst.com.my/opinion/letters-to-the-editor/gold-trading-why-did-bank-negara-take-so-long-to-act-1.154911#ixzz28r8jdZ9B
