03 September 2009

Fool's Gold

"Two percent per month leh ... what could beat that?
How is it possible ... precious metal price don't shoot up so fast ...
What they do with all our deposits? Ah Long interest also not so high ...
Don't think so much lah ... as long as we get the money each month ...
What's the worst case scenario? You can still sell off the gold bar at 20% down, one year already earns you 24% ... "

Fortunately we escaped unscathed. Lesson Learnt.
1) Worst-case scenarios do happen. And it could be worse than you think.
2) Do not put your money in schemes that you do not understand.
3) It could happen to you.