They CAN sustain the 1.5% payment PROVIDED their sales continue to ride on the gold wave(it could be
TULIPS as long as its the intthing)
Imagine if gold price turns down 30% today and the flavour goes out of the window?

The verdict is in. Gold taikor Prophetjul has spoken 

BTW, just to share why/how i checked "Geneva" out:

Email a few months ago
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Based on what i understand and know, it's a sucker's game for customers (or should i say greedy fools). Check this out - spells it out easily how their business model works:
http://www.guizai.com/finance/genneva-gold-investment
Here is how they operate:
1. They usually buy the gold from UOB bullion based on spot price and sell you at 20%-24% markup price
2. They paid their sales agent commission 1.5% for selling this program every time you renew monthly. A total of 18% a year.
3. They promised to buy from you 100% based on your last selling price and pay you 2% 30 days later (but refuse to write down in black and white invoice for 2% as payment but as rebate as discount)
4. The business is usually registered in Malaysia or a Condo address in Singapore with website full of spelling errors and no detailed mention of founders or their management team.

With the markup, they pay U with your own $ ;P. How long can this last? It depends on how many suckers continue buying.
Mama says dont pay $1.24 for something everyone is selling for $1, to make/sellback $0.02 per month AND it's not written in any contract

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On Fri, Jul 15, 2011 at 10:46 PM, XXX <xxx> wrote:

Hi there, MK.

Gold Investment 1.5-2% Montly Interest Rate.... Too Good To Be True.

Recalled telling you one of my friends is doing this gold investment thing.
He was unable/ reluctant to give me the details one year ago but recently when we
met up, he told me the company name is Geneva/ Gineva.....
Giving upto 1.5-2% interest rate/ month based on the amout u buy.

When asked hw come they are willing to share the profit with buyers...
His answer is interesting: " These companies are buying many many kgs of GOLD
they got good rate....so when we buy ..the use our money for further purchase of gold."
Can GOLD be purchased at lower rate if bought in a bulk....???
Sounds news to me....GOLD is commodity...
Not any barangan in TESCO, Giant...MyDin? True/ False???

There are many stories on this Geneva/Gineva Gold investment online.

However, online resources aside, have you heard of this Geneva/Gineva?

I have to admit that this is not my field...as you read much more than I do on this
area. Kindly share your expert opinion.....before you share with Personal Money.

Whaahhhhhahahahaha

SPOT ON. The key is how to preserve the value of your money.
"There is no ceiling for GOLD …because there is no floor in currencies." - Peter Schiff

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Added on September 14, 2011, 11:42 pm
Robin, here's what thousands of people are doing today...
Buy Genneva Gold and use the monthly hibah (gift based on Shariah principles open to all communities) to pay whatever loans or children's education. Seriously. I'm one of them.... the children's education part I mean. At my age, it would be hell if still have housing loan in the current economic climate of uncertainties. 

Sigh.

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Added on September 14, 2011, 11:44 pm
Yeah, use Account 2 of EPF to the max!

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Added on September 14, 2011, 11:50 pm
The answer is NO. Too tired now to summarize the discussion between wodenus and I.
Follow the thread at http://forum.lowyat.net/index.php?showtopi...post&p=43622596

Goodnite.

SPOT ON. The key is how to preserve the value of your money.
"There is no ceiling for GOLD …because there is no floor in currencies." - Peter Schiff

"There is no ceiling for Stock market either" - Singh Kalan
I think its stupid to buy gold at this time.  People think gold is safe, it is not always true.  As with any trades that has bubble up, it will burst.

"There is no ceiling for Stock market either" - Singh Kalan
I think its stupid to buy gold at this time.  People think gold is safe, it is not always true.  As with any trades that has bubble up, it will burst.

Over a 20 year period it is slightly higher then the avg inflation rate, only last 3 to 5 yrs had it provided decent returns

been reading some conspiracy stuff about united states of europe, it's scary
basically to reach their goal of US of Europe, they need to tank the economy so bad, or something catastrophic to change the europe ppl mind to support it

Pray tell why IS gold a bubble?  Qualify please...........

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Added on September 16, 2011, 10:04 am

That right....you may wanna check yer prices over the last TEN years again...........

In USD terms 2002- $240 p OZ  cometh 2011 - $1800    = 750%

In Ringgit terms  2002- Rm1150      cometh 2011 - Rm5700  = 495%

Methinks thats more than DECENT!   

It depends how one calculates.

It also can be pointed up,
In USD term.
1970's
USD500 cometh 2011 USD1800 = 260%

35 years for 260% return, is not something very proud of, and definitely is not decent, nor even can catch up the inflation, nor beating FD rate by miles.

Gold price in 1970 averaged approx $35, not $500
i am only replying the fella who mentioned gold in last 3 to 5 yrs had provided decent returns

it was pretty decent from 10 years ago, no?

Yes, it is decent from 2003 to 2011. There is no doubt.
But next 3 to 5 years down the road, nobody knows.
It can even more magnificent, it can be pathetic as well.
Gold price during late 1979 to early 1980's was USD200-700.
Gold investor during that period suffer at least 20-25 years without any return, while at the same time, FD give you more than 200% return during this period, stock can register you at least 1000%, properties 1000% etc.

I don't mean to say gold is good or bad, what I want to highlight, a thing can be looked from different angle and can show you good/bad result from the different angle.

People can say stock is worth to invest, as stock has gain more than 100% from 2009 to 2011.
But another one can say, stock is not worth to invest, because from 2007 to 2011, stock still making a loss.
So a slight different angle or selective period of comparison, the outcome result is totally different.

While, whether it is decent for last 3 years, 5 years or 10 years, it doesn't give us a clue or any good indicator whether it is good or not to invest in it.

Just did a calculation 1970 $35 cometh 2011 $1850  COMPOUNDED returns = 10.16%

Whats FD from thence?   Pretty decent no?

No body mentioned about the FUTURE.............its about the past.

Look at my calculations above.........over 41 years since gold was FIXED  in 1970 at $35,
the compounded returns pa is $10.16%. More than decent i say....................

Another 3, 5, 10 years could be Armageddon...............

Locally, FD rate in the old day (1980's time) was around 7-9%.

US Fed fund rate during early 1980's was double digit aka >10%.

Locally, FD rate in the old day (1980's time) was around 7-9%.

US Fed fund rate during early 1980's was double digit aka >10%.

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Added on September 16, 2011, 6:30 pm

If from 1970's $35 to now $1800, is a 10.16% pa. return rate.
Then from 1980 $200/300 to now, is what rate then? 

Do a calculation.........those high FD rates are only for short time i believe.

Even then gold's return over the last 41 years USD terms is 10.16%

I am not saying FD beat gold, as FD is always the worst return rate one. 
Just selective period of using, then outcome result can be totally different.

I can use gold over the last 30 years return from early 1980's to now, can be as low as 5-6% pa. compounded.
Which mean comparable to FD rate only.
So for a person invest in gold and FD at the same time during early 1980's, the result can be the same.