Those were the days where I was the wannabe soros where I zeroing in the fluctuation of Pound Sterling and Ringgit Malaysia from the postal money order which I received as donation from overseas to finance my secondary cost of living and studying where I waited until from RM5.50 to RM8.50 to cash out. The payout is far exceeding the amount of interests rate in the banks or finance companies offering as high as 10% per year. ( which went kaput like KSM). Many Malaysian Chinese savings went kaput because of Multi Purpose high interest rate attraction after the scandalous financial history in KLSE
In my cooking view, there is not much sauce even if the present interest rate is 8.8% in EPF while the Ringgit is falling about 30% in value There is contra-indicated where the local goods or imported goods like veggies from Cameron Highland shoot up like 30% from cabbage to petai from Thailand to 50% from Aussie carrot about 50%. Even garlic shoot up to 300% since last year.
The Singaporeans that i know have no choice but to contribute to their EPF but would withdraw it at the opportune time to buy houses or pigeon homes to hedge against inflation.