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

that is why maybank provide gold passbook..

it's just another saving account.. 

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.

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