even pajak, ur name still recorded in CRISS
then if u not pay and let ur gold being lelong,
ur name state on CTOS.
sory pal, i know everythings about this.

"kate orang, jangan lawan org lame"

I call Bank Rakyat tomolow, get back to you later

then ur name will cleared after ur gold was lelong.

my fren pajak his 20gram x 3
1day, he want to apply some loan
result : disapprove
because : tak tebus pajak.

Buat cuak saya je abang ni After lelong and the debt settle, no problem

hehe, yes, ur name cleared after gold lelong by ahrahnu.

I think the "some loan" you mention is Personal loan, shouldn't be any problem with car or housing loan


Btw, I pajak 250 grams, my debt gold at Bank Rakyat now is Rm 43k

means you can get back your gold after you pay back to them?

just curious why don't you sell to others which cost like market price

Bank rakyat pay you more?

Why sell now when you can get 3 / 4 times the current price 8 years from now

Hey guys, CIMB, Maybank and Public Bank, which bank has the lowest spread? Don't tell me UOB bank, they don't have any branch at here currently.

UOB has many branches nationwide. View http://www1.uob.com.my/webpages/branches.htm

Hope this helps. Cheers!

Hi Cherry, just to put the record straight, please read the entire sentence again...

See the word, 'unlike'? It means it's 'not similiar'.

Gold is merely a commodity. By changing it's form and adding value; it can be traded in many forms.
Creating a unique business model around it, does not make it wrong or illegal.

We are in the age of The New Economy. The old world is being creatively destroyed. Old wealth will lose its value if they are not reinvented in time. Already, the rising stars in the business world are building on knowledge, ideas, technology and global relationships.

Hi,

What we were concerning about is the sustainability of the business model.
Again, assume the scenario of gold price suddenly drops way too much.
How will the company keep the promise of paying dividend & buy-back at original purchase price?

Hi Caerulln,

The answer to your question to the sustainability of the company, please read this thread:
http://forum.lowyat.net/index.php?showtopi...post&p=42067931

Your second question, the answer is yes. In fact, the precious metal is appreciating between 20-30% per annum so no 'loss' in the long run. We'll miss the high monthly returns though.

My clients and I are are not speculators. In a nutshell, all the reasons why we save in Gold, visit http://www.rayma.com.my/gennevagold/WhyInvestInGold.pdf

I intend to buy more Genneva Gold as no other investment instrument gives me that high returns.

Cheers!

So u are assuming gold price will keep increasing 20-30% per annum?
Yes agreed. If gold price kept increasing, we will profit.

The problem is when gold price dives.
Company can't pay the dividend. Can't afford to buy back at original purchase price.
Declared bankrupt. Leaving us with low priced gold + the additional 25% loss.

A long term sustainable business should be able to cope with the worst case scenario.
Gold price going off the cliff is a perfectly acceptable scenario (unless u can see the future already )

Am I correct?

Like FD?
For easy calculation, lets assume spot price: RM100
Genneva gold sell at RM125
Investor get a piece of gold worth RM100. Immediately sell it to get RM100
Net investment is RM25

Genneva gold dividend: 18% p.a.
So from RM125 investment (practically just RM25 as the gold was sold somewhere else), we get RM22.50 p.a.
Which actually means (22.50/25)*100 = 90% p.a.!

-edited for bad calculation -

This post has been edited by caerulln: May 6 2011, 04:45 AM

On 'assuming' ... what, you think I plucked the figures from the sky ah?
Those percentages are plastered all over the net in gold trading sites and news.
-- See the chart Gold Price Changes in 10 Years on page 6 at
http://www.rayma.com.my/gennevagold/WhyInvestInGold.pdf
-- Read Gold demand hit 10-year high in 2010
http://mygoldgoose.wordpress.com/2011/03/0...r-high-in-2010/

Agreed. A long term sustainable business should be able to cope with the worst case scenario. If interested, lets meet up, I show you the spreedsheet
http://forum.lowyat.net/index.php?showtopi...post&p=42067931

Tell me which investment instrument has no risks? Only you can decide the best place for your money, and any decision you make will put your money at risk. Just remember not to put all your eggs in one basket ya.

Wish I could see the future.

Goodnite and have a blessed weekend.

Nope. I know about those figures all along. The thing about projection is, they are just projection. Not necessarily true.
All investments have risks. Just that with Genneva gold, there is a larger risk of the company going bankrupt.

Anyway, I said enough.
Choose wisely guys

Waaah, your brains still working at this hour or you just woke up?

Go calculate your monthly returns at Genneva Gold Calculator. Have fun.

Also see the table at http://mygoldgoose.wordpress.com/about/
-- See the returns compared to current FD rate of 2.85%, for the same amount of RM90,000, you’ll only receive RM2,565 for a whole year.

Go read all the links I posted earlier. TTYL. I'm bushed. Goodnite.

This post has been edited by PatEagle: May 6 2011, 05:14 AM

Chose wisely indeed.

The company needs to pay

a) customer 1.5% for 6 months
b) salesman commission 2% ?
c) Operating costs 2%
d) Shareholders return 20%?

Total = 33%

They sell the gold to YOU at 25% markup over spot prices. So guess who funds Genneva?
REMEMBER you pay up front for the gold....and they dont deliver immediately...maybe a week later.
They have extra cash to roll for a week. As long as sales is sustained they can fund the
above from these cash sales.

The fishes are funding this system for them by the cash sales.

Its all a mentality of gold going up FOREVER. As long as this paradigm is there, there will be sales to fund the merry go round.

WHEN the euphoria in gold is terminated by gold going off the cliff, thats when the tyre will hit the skids.
Sales drop, nomore cashflow, the merry go round stops......

If you go in, just make sure you are not at the end of the queue!

Theres another name for this scheme

Mr. Ponzi?