If we buy physical gold also have a spread, buy n sell different price... correct me if i'm wrong...

O..i dun noe..hmm,how much is their actual spread price then?

that is why maybank provide gold passbook..

it's just another saving account.. 

i know a company where you can buy and sell the gold at the same price, they will buy back your gold at the price when you bought your gold, and every month, they give you 2% interest.

KUALA LUMPUR: Three directors and a former director of the gold investment companies charged in the Sessions Court here yesterday at as 796 t uduhan involved with money laundering, two years ago. Ng Poh Weng, 60; Marcus Yuen Yee Seng, 58; Chin Wai Leong, 34, and Liew Chee Wah, 56, however, pleaded not guilty to all charges read out in Mandarin before Judge Rozana Ali Yusuff. According to the charge, Ng as Director Genneva Sdn Bhd was charged with 263 counts to be directly involved in money laundering transactions by issuing a check amounting to RM185, 146,000 in the Public Bank Berhad branches KL City Main Office Public Bank Tower Ground Floor, 146, Jalan Ampang between June 10, 2008 until July 27, 2009.

While Marcus at the same location are charged with 234 counts of the same membabit myself directly in money laundering transactions amounted to RM153, 324.636 incurred between July 20, 2007 until July 20, 2009.
Chin was charged with 210 counts for the same offense by being involved in money laundering activities amounting to RM212, 992,466.50 at the same address between June 10, 2008 until December 6, 2009. Liew, who is also a former director of the company to appear in court with 89 counts of the same transaction involving RM31, 332,757.80 in the same location between July 20, 2007 until February 3, 2009.

All were charged with committing an offense under Section 4 (1) Akt a Anti-Money Laundering and Counter Terrorism Financing Act 2001 read with Section 87 (1) (a) of the same. Earlier, Deputy Public Prosecutor Mohd Haziq Razali told the court, the offense committed four of the accused can not be guaranteed because of a serious offense involving a high number.

(Gold Investment Scheme which supposedly gives the remuneration of 1.5% per month bowed out, before they use the name ETHICS OF GOLD, Ocean, and the recent Geneva. Therefore, before you engage in a Gold Investment Scheme to build buzz bonus every month, consider first the company's background, check the status of the Central Bank. It is because, this is RICH QUICK SCHEME! Investors buy gold only WITHOUT RECEIVING IN PHYSICAL GOLD! invest money, GOLD IS NOT OBTAINED. When this case occurs, investors lose money. Money is expected cope uk invested finally disappear overnight. Public Gold Sarawak previously have sent an email to the following Bank's Gold Investment Scheme this issue. Please refer to: http://www.publicgoldsarawak.com/wordpress...8/31/re-samudra -gv-mass-dikuching-
sarawak /)
this is what i get about geneva

i know a company where you can buy and sell the gold at the same price, they will buy back your gold at the price when you bought your gold, and every month, they give you 2% interest.

hmmm i meant saving in physical gold.

NO, thank you. Not Geneva again! Better deal with bank directly.

it is a money's game. if don't have much capital, then it is savings. but if you have say millions and u can afford to buy kgs of gold. one month is how much? u do the calculation and tell if it is savings or investment/business? 

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Added on October 27, 2011, 1:28 pm

buy pure gold bar from bank, buy as much as u can. sell when the price meets your target profit = win.

so what some of you are saying is that Genneva "eats" your money but does not give you the physical gold? or it gives you the interest without the physical gold....which bank will sell the physical gold??? please clarify.....thanks.

so what some of you are saying is that Genneva "eats" your money but does not give you the physical gold? or it gives you the interest without the physical gold....which bank will sell the physical gold??? please clarify.....thanks.

so what some of you are saying is that Genneva "eats" your money but does not give you the physical gold? or it gives you the interest without the physical gold....which bank will sell the physical gold??? please clarify.....thanks.

it is a money's game. if don't have much capital, then it is savings. but if you have say millions and u can afford to buy kgs of gold. one month is how much? u do the calculation and tell if it is savings or investment/business? 

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Added on October 27, 2011, 1:28 pm

buy pure gold bar from bank, buy as much as u can. sell when the price meets your target profit = win.

No more money to top up... Now waiting gold prices goes up n up... plan to sell when reach 10-20% profit...

lol, i know which company  look below. there r only 2 companies doing this under shariah law. genneva malaysia sdn bhd and kuwait finance house bhd. but all know who is offering highest rate

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Added on October 27, 2011, 1:19 pm

that case is closed, those directors r no longer in the company. now the business model is under shariah law and monitored by bank negara although it is only a sdn bhd company. in fact, public bank sent not only one complaint but many complaints because they were given the green light by bank negara to offer such rates under shariah law at that. jelly ma... many datuk datins close shift all their investment to this "scam" company 

10% profit already sell? Whats the point of investing then? Real waste. Ive already earned about 40% profit and yet im holding. Dont be too greedy la. Gold investment is for long term.

Genneva give you the physical gold. 99.9 gold bar. and they also pay you monthly 2% interest. every bank sell physical gold, but in KG, while Genneva sell it in gram.

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Added on October 27, 2011, 3:25 pm
yea.. it's safe to buy pure gold bar from bank, i agree with that. but we have to buy at least a kg?? what if i dont have that much money to invest in it?

Gold is a long term investment..and u can consider it like an insurance to ur monies.value of monies will drop from time to time due to inflation but not for gold.its a real protector.so, keep it as long as u can.just withdraw for your profit when the price is right, meanwhile hold ur capital.

Gold doesn't must insure you against inflation.
In fact, for the past 30 years, it showed low correlatiom hedging against inflation.

We had period of gold price stagnant for 20 years and inflation has been double, triple or more exactly price has escalating more than 5x, 10x in the past 20 years, while gold price was little change throughout the 20 years period.