I think it's very hard to get the price for last 2 weeks where it was around USD1480.

Now reach USD1583 already...

Since your scheme is providing returns, as according to BNM Website you need to be licensed by the Securities Commission under the Capital Markets & Services Act 2007. Can you provide proof you are being licensed?

There are loads of claims without any backup proof in your website, could you also provide your company registration number,I can't seem to find it in your website? I am sure a lot of people would like to check with BNM on the scheme you are providing

Please don't provide proof which links from your website,or using your logic or using your explanation.

provide something from authorities backing.

This post has been edited by quackpack: Jul 14 2011, 12:58 AM

Hi quackpack, thank you very much for bringing this to my attention. Genneva Malaysia Sdn Bhd's company registration number is now listed at http://mygoldgoose.wordpress.com/about-genneva-malaysia/

Your links are irrelevant. Genneva Malaysia Sdn Bhd is not an "Internet Investment Scheme" and does not transact online. Therefore the company does not fall under the Capital Markets & Services Act 2007.

As I've mentioned before, Genneva Malaysia has fulfilled all Bank Negara’s requirements as a scheduled Institution under Section 21(1) of the Banking and Financial Institution Act, 1989 (BAFIA); and classified under First Schedule of Anti-Money Laundering and Anti-Terrorism Financing Act, 2001(AMLA) as a “Reporting Institution”.

If it was not true, don't you think I would have been summoned for false claims by now? Go verify directly with BNM if you wish. You can write to Bank Negara directly at bnmtelelink@bnm.gov.my

Do your own homework. I've done mine before investing in Genneva gold and have taken a step further by joining the company; simply because there are no other investment instrument (based on past experiences) that provides me with the safest and most convenient platform that is legal, stable and most importantly, a reliable income through saving in gold.

Hi all, let's have a civil discussion here based on facts rather than making accusations based on fears, suspicions and assumptions that may hurt a company's reputation.

How would you feel? I'm sure you would also defend your company if anyone lambasts your organization without facts. While we acknowledge and respect each individual's right to Freedom of Speech, lets be responsible citizens too.

Cheers and have a great day!

Fact no.1 - Genneva gold sells at approx 20% above market prices. Dont compare with jewellers now.....
You are paying yourself the interest that they offer plus agents fees for Pat Lu(Eagle), operating costs of Genneva and profits.

Fact no. 2 - When the merry go round stops or when gold prices tanks(not that i am saying it will), this will too. Thats when
all gold investors wants to cash out ALL AT ONCE. It depends very heavily on the uptrend of gold price to SELL the idea.
They are not even selling gold per se....they are selling AN IDEA..........gold happens to be the Hot item of the day
to latch on. Could be Tulips if people buy the IDEA.

Fact no.3 - You never know whther its a scam until its too late.


i would say NASDAQ beats at least our BNM


Fact No. 4- We cannot prove whether its a scam or not at this stage.
Most scams only come to light when it has cause hurt.
Make your due deligience very carefully. Pat's DD is rose tinted by her motivation to do the biz. This is also a selling point.
BE AN AGENT while you are at it. Once you are blinkered into the biz, nothing else matters. Atferall,
you are making lots of commission. What else matters?

This post has been edited by prophetjul: Jul 14 2011, 08:49 AM

The most safest (btw, there's nothing safe today) way to buy gold is to buy at banks or jewellery shops (the most expensive in the world). This will definitely protect you from being con, if you're afraid someone wants to con you.

No worrying (unless price drop), no due diligence and believe it or not you'll sleep much better (unless you hide the gold under the pillow). You can also buy gold account where I believe UOB offer is good. Myself I did it with Kuwait Finance ( because very near-by).

By doing this I managed to save myself from balding and grey hair (worrying too much).

Just my 2 cents.

This post has been edited by lustman: Jul 14 2011, 10:36 AM

Kijang today is RM5069 and UOB Canadian maples/Ozzie Kangaroos is RM5003.

wow.

forum + social networking is a double edge sword. You get some customer, you lose some. One have to weight the advantages b4 coming in, Once inside it will be too late to stop others from commenting. Hopefully, one will not loses more customer in long run.


another thing, if it is just pure interest to help others, it will not last one. The quality of work/comment many be low and time consuming to digest. Out of 10 comments, maybe 3 U already know, 3 repeat, 3 not related, 1 is useful. It does not offer the information density required to form any action or decision. After the excitement is gone, so will the participation.
that why I started my blog, to save other time.

Pheewwww... Weelllll Said... but I feel, the easy story... buy from BNM, OUB... but the world is free, everyone is able to decide and our decision, will reflect our future... happy investing

I keep it with my camera lenses in drybox to avoid oxidization

For uob, what is the condition for the account closure? eg within 6 months need to pay xx amount.

I can only find sg's:
An administrative charge of S$30 for the closure of the account within six months. The fee is subject to GST.

Price of gold rose like crazy this week. Why? Any good reasons? USD continue to weakening?

- US is considering might having another round of stimulus plan aka. QE3.
- Moody, S&P warning that US Credit might be downgraded from AAA rating.
- EURO facing debt and financial struggle.

both above cause investor panic and shift the fund into Gold and Silver...

This post has been edited by benedict1213: Jul 14 2011, 09:09 PM

guys,

AlRajhi Bank also is selling physical gold.
PAMP SUISSE 999.9.
Free storage and takaful protected. Do check out AlRajhi website.
But, it is only for Affluent customer i.e: open an account with min RM250K, Islamic FD-RM300K or 1st time gold investment with min purchase of RM100K.
IF you are already an Affluent customer, then you can start to buy any amount you like.

Walauuu ... Gold price jack up larr .. how to buy like this .. So expensive even to buy just a few gram.

again and again and again, there's NO such thing as expensive to buy gold. If it is, then all jewellary shop will close shop.

USD 159X per oz yesterday. Goodness

No offense...

it's might be expensive for you... but no for others out there.

As others are willing to pay more, this causing the price go higher...

Just my 2 cents my friend

regarding my own question, i have phoned the customer service and unbelievably, they dont charge for gold investment account

Sounds weird, what is the point of minimum 10 gram then? People would directly close the account instead of withdraw them until below 10gram.

Wondering, how much do you guys invest in Gold????

thanks. will check it out.

good & informative

This post has been edited by nasni: Jul 15 2011, 05:37 PM