Risky to invest in Gold ETF at current level?

Mr Tan

This is another scheme that is good for stock brokers and the SGX. Not sure if good for CPF members.

Tempt CPF members with enough tantalizing stories and they will surely dig into their retirement savings to have a quick and good punt. No wonder many of them retire poor.

I see no fiduciary considerations underlying all of these wonderful things being offered to the "market".

LETTER FROM SGX

Dear Member,

Please be informed that with effect from 6 November 2007 (trade date), the
Gold ETF (Stock name: GLD 10US$) will be CPFIS-OA approved and investors
are able to use their CPF monies to trade the Gold ETF. The stock is
denominated in US$.