永坤黄金出现大规模兑付异常，“稳赚不赔”的黄金投资神话崩塌

Core Viewpoint - The article highlights the risks associated with Zhejiang Yongkun Gold Jewelry Co., which has attracted numerous investors through high-yield promises but is now facing significant issues with fund redemption and potential legal consequences [2][16][22]. Group 1: Investment Model and Promises - Yongkun Gold has marketed its products with promises of annual returns between 5% and 9% through gold storage and repurchase contracts [2][3]. - The company has created a tiered customer classification system, offering higher returns for larger investments, with "black gold" clients (over 3 million yuan) receiving up to 9% annualized returns [4][6]. - The online platform offers a "pre-ordered gold bar" product that appears to guarantee returns, allowing customers to either redeem at the current gold price or get a refund if prices drop [9][11]. Group 2: Redemption Issues and Legal Actions - Investors have reported difficulties in redeeming their investments, with some unable to withdraw funds after the promised T+3 period [1][2]. - Legal actions have begun, with investors filing reports with law enforcement as the company faces allegations of fraud and illegal fundraising [2][14]. - The total amount of unredeemed investments may exceed 300 million yuan, indicating a widespread issue among investors across multiple provinces [14][20]. Group 3: Regulatory Concerns - Yongkun Gold lacks the necessary qualifications to operate as a financial institution, raising concerns about its gold asset management practices [16][18]. - The company's operations may be classified as illegal public fundraising, as they do not comply with financial regulatory requirements for managing gold assets [18][22]. - The fluctuating gold prices pose additional risks to the company's business model, which relies on stable returns to investors [19][20].