Experts warn of foreign currency scam

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  • Esquire Springville, UT
    Jan. 6, 2014 10:26 a.m.

    By the wqy, on 12/31/13, the Wall Street Journal ran a front page story on investors who put their money in plain vanilla investments (like blue chips) did better than the complicated schemes and hedge funds. A roughly 30% return. Craig Coleman, above, got it right. Great advice.

  • Esquire Springville, UT
    Jan. 6, 2014 10:24 a.m.

    Greed, falling prey to investments in things folks don't understand and should not be in in the first place.

  • Craig Coleman Genola, UT
    Jan. 3, 2014 3:51 p.m.

    I have a scheme for getting rich. First go to school and learn a skill that is valuable to people. Next, work real hard applying that skill in such a way that people pay you for it. Take some of the money you earn and put it into secure investments and watch it grow while you continue to work hard and make a contribution to the world. I have never seen this system fail.

  • Steven S Jarvis Orem, UT
    Jan. 3, 2014 7:40 a.m.

    This is just as much of a scam as all those "investors" who touted overpriced gold as the best way to make money. You buy something that is overvalued to begin with, then sell it when it is worth less!! I am sure Beck and others sold their gold at the peak and profited off all the sheep driving the demand up.

    The thing is with Gold and now currency, people lose money and it is unlikely those behind the scam will be charged since something of value was actually purchased.