SMU Vice President (Business Development & External Relations) and Associate Professor of Finance Annie Koh shared her views on the recent gold buy-back scheme. Although the investor might have gold as a physical asset, he could eventually find himself stuck in a position where he has no one to sell the gold back to, if he continues to hold on to it. The situation would worsen if the gold buy-back company goes under, and the investor could suffer a loss of 25 per cent. She was commenting on a recent case which saw a gold buy-back company – SG Gold – go bankrupt and affect about 400 investors.