Originally Posted by
Skol
Here's a couple paragraphs from Yahoo Finance on the top investor scams:
Leveraged Exchange-Traded Funds (ETFs)
Leveraged exchange-traded funds (ETFs) are a relatively new financial product, which is why investors may not be aware of the risks they carry. The funds, which trade throughout the day like a stock, use exotic financial instruments, including options, other derivatives and promise the potential to generate better returns than the market return. Given their volatility, these funds typically are not suitable for most retail investors.
Gold Bullion and Currency Scams
With the high price of gold, investors should beware of gold bullion scams in which the seller offers to retain "purchased" gold in a "secure vault" and promises to sell the gold for the investor as it gains in value. In many instances the gold does not exist.
Owning physical gold is for the amateurs. I want to see what happens when the gold price crashes and all these losers queue up outside their local bullion shop, which will, probably, coincidentally, be closed for the day. LOL