180 The Gold Guarantee Investors Turn Up At Hong Lim
By Financial Planning Central  •  March 7, 2013

More than 180 investors of gold buyback firm The Gold Guarantee (TGG) turned up at The Speakers Corner at Hong Lim Park on the 06th March 2013 to sign a petition hoping to spur the authorities to expedite investigations into TGG, reports the 07th March 2013 edition of The Straits Times (180 investors ink petition, urge action on gold trader).

Attendees also called for regulation on such gold buyback operations as it does not come under MAS’s jurisdiction. Former clients and agents of TGG have also received text messages from another similar gold buyback firm offering similar schemes after news of TGG’s problems broke.

A family member of one of the investors said his family lost close to a million dollars on TGG.

Below is the coverage on Channel News Asia

TGG founder Lee Song Teck have remained uncontactable since January 8 this year.

The Straits Times – 180 investors ink petition, urge ...

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By Financial Planning Central
Tiang Chuan is a Independent Financial Adviser (IFA) with PromiseLand Independent Pte Ltd, an Independent Financial Advisory Firm. One of the reasons that propel him to join the Financial Advisory industry is the realisation of the importance of proper Financial Planning due to the experiences in his growing-up years. Read about his story to know more about what he went through

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