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Gold bar at an inflated value
By Tan Kin Lian  •  January 19, 2011
My friend asked me about investing in gold bars 3 months ago. I advised him to avoid it, as I do not understand how it worked. He had already invested, but did not tell me at that time. He told me today that the company that promoted the label "TGL" did not honor their promise to buy back the gold bar at the invested value and had since ceased operation.

He is now stuck with the gold bar which has depreciated by about 15% in value, compared to his original investment. He had since learned that he had paid for for the gold bar at a price that was higher that its market value. The person who had sold the gold bar to him, being a friend, was also not aware about the inflated price and had also invested a lot of her own money.

I recall another case about ......
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By Tan Kin Lian
Mr Tan Kin Lian (fomer NTUC Income CEO) started his insurance career in 1966 in a local life insurance company. He has also worked in various positions as a computer programmer, organisation and methods officer and consulting actuary. Mr Tan writes daily in his blog. The information in his blog is transparent and has an open approach.
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