Yup, want to know about this too. Is it legit?

E.g They said pay 10k, ETA 30days then they will pay you monthly 4k for 5 months. Total you get after 5 months is 20k. Sounds too good to be true?

This post has been edited by infernoaswen: Aug 20 2014, 12:44 PM

Want to ask, if I want to start doing gold trading which bank do we normally go with? So far I checked cimb, maybank offers bad rates. Their buy/sell difference is almost around RM5 where as UOB is around RM2-3.

Thinking of starting paper gold first as I dont really have proper storage for physical gold plus not really sure how buy/sell works for physical gold (i.e. where to buy & where to sell).

I found out that UOB dont have online gold account like m2u & cimb. Its the only bank that I know with ~RM2 spread Dont really have the time to keep going the branch to buy/sell gold

In the end of the day you are banking in your money to a stranger account which you have no idea how they do business in the first place. There is nothing stopping him / his upper line running away with all the money he accumulated. Maybe its legal or maybe they used it for money laundering etc we never know. Maybe its true people are getting paid, maybe its similar to MLM scheme, use all the newcomers money to pay off the old joiners & repeat the cycle until it collapse. Try asking them how they operate, how do they make profit. Most of them can't explain properly or it doesn't make much sense. So its your call, in the end of the day any kind of investment has risk. It all depends on how big it is & how much % returns you will get.

I saw quite a lot of those posting as well. I am curious as well, just start small I guess. Get those 1g - 10g, after few months if no problem use the profit you earned & invest again on a slightly bigger amount If they disappeared at least you dont lose a lot. Based on predictions & how gold been performing the past 2 months, it looks bad. So how are they still earning do ring some bells to me. They normally say they buy cheap & resell it at higher price but if price is dropping who will buy from them at high price? It just doesn't make sense to me