I cannot understand why well educated Singaporeans would give away money to somebody who promises to pay them 2% a month and to repay their investment at the end of 3 months. They may be given a gold bar for 80% of their investment - so their risk is only 20%. But it is quite troublesome to keep the gold bar, so they are likely to entrust the gold bar to the company for "safekeeping". In that case, they are exposed to the risk of losing 100%, if the scheme is a fraud.
Could the "trust" be due to the following reasons?
1. That the person who sells the scheme to them is a person that they trust, e.g. a relative or friend?
2. That the company is able to "spin a story" that they make the profit from trading in gold?
3. That other people had invested previously and got back their monthly return and their invested capital?
4. That they are willing to take a bet, and to lose their invested sum?
5. That they are so greedy to get the attractive return that they lose their senses?
If you know of people who have invested, can you share their reasons?
Could the "trust" be due to the following reasons?
1. That the person who sells the scheme to them is a person that they trust, e.g. a relative or friend?
2. That the company is able to "spin a story" that they make the profit from trading in gold?
3. That other people had invested previously and got back their monthly return and their invested capital?
4. That they are willing to take a bet, and to lose their invested sum?
5. That they are so greedy to get the attractive return that they lose their senses?
If you know of people who have invested, can you share their reasons?
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