Buying Gold As Investment V3 - $1950?, Gold rush brings windfalls and warnings
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 Oct 27 2011, 03:10 PM
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#1
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Junior Member
49 posts Joined: Jun 2006  
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QUOTE(wildhawk @ Oct 27 2011, 02:15 PM) 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. They sell you gold at 25% premium. Pay you 2%/month for 3 months = 6%. 25%-6% = 19% profit for them. Essentially, you are paying yourself. Read this http://www.martinlee.sg/genneva-gold/comme...#comment-128518 |
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Oct 27 2011, 05:25 PM
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#2
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Junior Member
49 posts Joined: Jun 2006
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QUOTE(ConnieGurl @ Oct 27 2011, 03:23 PM) 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. Looks like you haven't done your research and I don't mean to be a punk, but google is just a click away. A reminder though, if you're an investor there, get out while you still can ...... better safe than sorry . 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?  |
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Oct 28 2011, 01:56 PM
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#3
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Junior Member
49 posts Joined: Jun 2006
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QUOTE(wildhawk @ Oct 28 2011, 01:18 PM) That's the price you pay if you buy from Poh Kong or Genneva. Retail price la.  |
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Oct 28 2011, 02:26 PM
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#4
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Junior Member
49 posts Joined: Jun 2006
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QUOTE(spikyz @ Oct 28 2011, 02:13 PM) spot price can check at kitco.com. Righton. retail price is FGJAM standard price.  People jumping onto the gold bandwagon without proper research just because its flavour of the month.  |
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