On a personal note, I realized that Kijang Emas has a premium over UOB's bullion coins. Like today, Kijang asking 4837 while UOB's Canadian Maples/Oz Nuggets are asking 4761. Come to think of it, Kijang will only probably known in the local market while the bullion in UOB's counter are more internationally recognized. Won't international bullion (eg. canadian maples, ozzie kangaroos, pamp suisse) have a better advantage over kijang in both value and recognition?

what do you guys think?

On a personal note, I realized that Kijang Emas has a premium over UOB's bullion coins. Like today, Kijang asking 4837 while UOB's Canadian Maples/Oz Nuggets are asking 4761. Come to think of it, Kijang will only probably known in the local market while the bullion in UOB's counter are more internationally recognized. Won't international bullion (eg. canadian maples, ozzie kangaroos, pamp suisse) have a better advantage over kijang in both value and recognition?

what do you guys think?

^above only holds true if gold is uptrending all the time

if gold actually drops,I wonder will the company be able to pay back

1.) Heard rumours that Kijang Emas produced from Malaysia`s very own gold, not imported from other country.
And, Malaysia`s gold are high quality compared to others.
E.g : Malaysia, Brunei & Libya oil are very high quality compared to Saudi`s.  Mostly used for aeronautical & sophisticated engineering.
When U.S attack Libya, oil supply were halted although Libya only exported small percentage of world`s oil consumption.
That because, Libya`s oil are real gem of oil(The black gold). Get the ideas why U.S & Europe hit Gaddafi like crazy.
2.) Kijang Emas & Dinar Kelantan also from virgin gold, not scrap gold like several manufacturers.
I do own Turkiye gold but after suspicious that it not from virgin gold, i release most of my Turkiye gold. I also heard the same case from private manufacturers like Public Gold. 

3.) Owning a Kijang Emas like owning a real value of Malaysia.
Since most wealthy countries backed their currency with gold reserves, thus owning Kijang Emas means u have part of Malaysia harta.

4.) Kijang Emas also rarely manufactured because it only used gold from Malaysia soil.
Same like Dinar Kelantan which only produced from Kelantan`s very own gold. 
That`s the reason why kijang Emas & Dinar Kelantan not easily available.

Bear in mind that all of my statements above are rumours/hearsay and not backed by facts.  

Hi, very good question. How does the company make money? I would like to add, is it sustainable?

Study the first diagram at http://mygoldgoose.wordpress.com/about/
— The key to the answer is in Choice 2:  Sell Back at Purchase Price.

— They then RESELL the returned gold at current market price; recycling and making money on the SAME physical gold while smelting more gold to sell.

Imagine, Genneva Malaysia started four years ago. What was the gold price then? The gold price was on the uptrend for the last 10 years and having sold six tonnes of gold since they started...

Therefore, Genneva Malaysia is indeed profitable and sustainable.

So smart. Wish I thought of it.

Well, its not investment if you have to fork out extra 30% more for something which you can buy from other dealer...

Hi, very good question. How does the company make money? I would like to add, is it sustainable?

Study the first diagram at http://mygoldgoose.wordpress.com/about/
— The key to the answer is in Choice 2:  Sell Back at Purchase Price.

— They then RESELL the returned gold at current market price; recycling and making money on the SAME physical gold while smelting more gold to sell.

Imagine, Genneva Malaysia started four years ago. What was the gold price then? The gold price was on the uptrend for the last 10 years and having sold six tonnes of gold since they started...

Therefore, Genneva Malaysia is indeed profitable and sustainable.

So smart. Wish I thought of it.

---

Added on July 6, 2011, 11:26 pm
Hi, a Ponzi scheme is a fraudulent investment operation that pays returns to separate investors, not from any actual profit earned by the organization, but from their own money or money paid by subsequent investors. One holds paper or a contract that spells your investment and perhaps the returns you’ll earn. Learn more at http://en.wikipedia.org/wiki/Ponzi_scheme

With Genneva Malaysia, you buy and hold the physical gold bullion in hand while earning Hibah monthly. At the end of six months contract, you have three choices:
1. Renew contract for six months based on current gold price.
2. Sell back the gold at purchase price.
3. Keep the gold.

In conclusion, Genneva Malaysia Sdn Bhd is not a ponzi.

BTW, there is a Pre-Ramadhan Gold Promotion on now till Friday, 29 July 2011. Awesome deal, 50g gold and above @ 2% monthly hibah for 3 months. More details, http://mygoldgoose.wordpress.com/2011/07/0...gold-promotion/ or call me at (012) 210 4898.

Just to share my experience with AR-RAHNU.

Yesterday I went to AR-Rahnu to get some cash from my gold.

Here's the scenario

1) Pay all my existing credit with AR-RAHNU Koperasi Iman and plan to pawn at Ar-Rahnu Bank rakyat since in their website they offer credit up to 70% while Ar-Rahnu Koperasi Iman only offer 65% from "Marhun value".

2) Straight to Bank Rakyat. Not as expected. There is hidden T&C which not listed on their web. 70% margin are for returning customer while for new customer only entitle for 65%..Yeah same with Koperasi Iman.

3) They didn't accept GOLD COIN or GOLD BAR except which produced by BNM " Kijang Emas" and selected brand such as TOMEI etc only. Also need to produced official receipt where it bought. They didn't accept any lose gold such as "torn bracelet etc". Due to a bad time by ETIQA emas what does he said.

4) As my gold are Gold coin which I bought at Arab Saudi 3years back, it's not accepted. But the officer said I can try for AG** Bank and he's correct it accepted there. Only the gold rate not that high as per yesterday;

Koperasi Iman: 916/22K = RM159
Bank Rak***: 916/22K = RM157
AG** Bank: 916/22K = RM151

In conclusion based on my experience if u have a "jewellery" and need to get the highest rate go for Koperasi Iman. If ur gold is not jewellery go for AG** Bank (selected branch hehe).

1.) Heard rumours that Kijang Emas produced from Malaysia`s very own gold, not imported from other country.
And, Malaysia`s gold are high quality compared to others.
E.g : Malaysia, Brunei & Libya oil are very high quality compared to Saudi`s.  Mostly used for aeronautical & sophisticated engineering.
When U.S attack Libya, oil supply were halted although Libya only exported small percentage of world`s oil consumption.
That because, Libya`s oil are real gem of oil(The black gold). Get the ideas why U.S & Europe hit Gaddafi like crazy.
2.) Kijang Emas & Dinar Kelantan also from virgin gold, not scrap gold like several manufacturers.
I do own Turkiye gold but after suspicious that it not from virgin gold, i release most of my Turkiye gold. I also heard the same case from private manufacturers like Public Gold. 

3.) Owning a Kijang Emas like owning a real value of Malaysia.
Since most wealthy countries backed their currency with gold reserves, thus owning Kijang Emas means u have part of Malaysia harta.

4.) Kijang Emas also rarely manufactured because it only used gold from Malaysia soil.
Same like Dinar Kelantan which only produced from Kelantan`s very own gold. 
That`s the reason why kijang Emas & Dinar Kelantan not easily available.

Bear in mind that all of my statements above are rumours/hearsay and not backed by facts.  

1.) Heard rumours that Kijang Emas produced from Malaysia`s very own gold, not imported from other country.
And, Malaysia`s gold are high quality compared to others.
E.g : Malaysia, Brunei & Libya oil are very high quality compared to Saudi`s.  Mostly used for aeronautical & sophisticated engineering.
When U.S attack Libya, oil supply were halted although Libya only exported small percentage of world`s oil consumption.
That because, Libya`s oil are real gem of oil(The black gold). Get the ideas why U.S & Europe hit Gaddafi like crazy.
2.) Kijang Emas & Dinar Kelantan also from virgin gold, not scrap gold like several manufacturers.
I do own Turkiye gold but after suspicious that it not from virgin gold, i release most of my Turkiye gold. I also heard the same case from private manufacturers like Public Gold. 

3.) Owning a Kijang Emas like owning a real value of Malaysia.
Since most wealthy countries backed their currency with gold reserves, thus owning Kijang Emas means u have part of Malaysia harta.

4.) Kijang Emas also rarely manufactured because it only used gold from Malaysia soil.
Same like Dinar Kelantan which only produced from Kelantan`s very own gold. 
That`s the reason why kijang Emas & Dinar Kelantan not easily available.

Bear in mind that all of my statements above are rumours/hearsay and not backed by facts.  

always remember, buying gold or silver is not investment. it's to preserve your wealth.

the price of gold yes will goes up but the value is still the same. buying low and sell high is just a bonus for you. once you sell and want to buy again usually it will be higher than you sell.

you have to wait some time to go down again and it may also won't go down, so you have no choice to buy high.

if you want to invest, go for future gold/silver trading, just like forex or stock market.

my 2 cents.

---

Added on July 7, 2011, 9:40 pm

FYI, Kelantan Dinar is not produced in Kelantan but Dubai Emirates Gold.

If U R not familiar with future trading, don;'t go. Especially if you go on margin, it 's a guarantee way to lose all your $$$.

The only sure way to beat Precious Metal is by doing your own business.
E.g. expand your restaurant business, h/p business etc.

Anyone know where I can find a reputable site or person that sells 5gm gold bars? Thanks

Price of Gold is skyrocking right now!!!

wow, now at usd 1500... how fwr it will go? isn't it too expensve to buy?