true, there is no free lunch in this world.

what BNM did was right. just feel unlucky for new investors

To pro Genneva CONsulktants, no point die die want to defend, ALL MONEY IS GONE, FACE THE FACTS. Lastly, good riddance to bad rubbish, Genneva PTUIIIIIII!

http://www.facebook.com/GennevaWorld

From the page...
The pro Genneva are either dumb to the core or has been brainwashed real hard... They are blaming the authorities instead of Genneva.
If one day Genneva collapse without interruption of authorities, who they gonna blame? Themself or BNM?

You notice also. There is a reason for this. Why want to raid when got only a few millions, cannot cover operation cost and a few other reason not for public consumption.

why u bash anyone which have different opinions as yours? u vested a lot ahh? or u're self convincing? or u think this forum is only for pro-Genneva? this is open forum dude ...... u have no right to bash ppl, u happy u comment, no happy switch it off loh...... Remember if u happy u comment/reply my post else just ignore me ...... thanks for ur co-operation .........

Yup you got this one right. This are the few loop hole that been exploited. There is a grey area in corporate law. The most the director was liable to is just the paid up capital of the company.

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Added on October 3, 2012, 12:40 amThis is what the company lawyer told me when I was invited to be a director.

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Added on October 3, 2012, 12:45 amThis wayang wayang only, part of SOP.

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Added on October 3, 2012, 1:22 amA bit on history on the Gold Trading in Malaysia.
The so call secret formula in the Gold Trading was create by a person known as "Sifu" in the Gold Bullion industry many year ago back in year 2000.

The person was a restricted resident under our M'sia Emergency Ordinance but release in early 2012 after our EO law was abolish by our home minister, but he still manage to operate many Gold Investment company in Malaysia. He is the mastermind in all the gold companies not only in Malaysia and Singapore but in Asia Pacific including China.

All the companies are run by his so call disciple and he never have his name register in any companies at all. He also have no bank accounts and properties under his name in Malaysia. Basically he is so good that he is almost invisible. The authorities can't charge him or put his to jail because no evidence can be produce in court to charge him.

Our government is well aware of him as many police reports have been made over the pass 10 years involving tan of Gold. So no evidence to charge him like many underworld taiko, just put him away under EO.

I came to know this Sifu went I was actively trading gold bullion and he bring me in as a disciple and teach me his formula and how to be invisible. I was to be appointed as director in one of his company. To keep story short I quit after realizing something is not right.

This post has been edited by aronteh: Oct 3 2012, 01:22 AM

If you don't mind sharing can you tell me who this person is? well, you can PM me anytime with the name.

I have his IC No and photograph also. But how does it help you?
I not going to put such info in public forum. I don't want to become an endangered species You know want I mean.
Unless you have some powerful connection.

This post has been edited by aronteh: Oct 3 2012, 01:40 AM

I dont need the IC and photo, I would just love to talk to this person to understand his strategy or perhaps if you still know the strategy and can share it with me? This is so that I or perhaps we can protect ourselves by being able to know or identify the pattern.

The other thing is also to know how the strategy works.

p/s: Personally, I love knowledge & I tend to spend a lot of time reading wikis or ebooks.

its best u stop right there, remember those pro-genneva forumers says
this forum is full of crap, spewing nonsense, but yet still they cum to contribute their share of nonsense too
better stick to black & white things that they can understand, see & touch
they ask us read inside of the star papers, yet they themselves did not read it
all this 'grey area matter' will invite flame war, cheers & thanks for sharing

quoted : All posts in this forum doesn't tell me anything, just wild guess, rumour mongering, tale bearing, teh tarik talk! Just all that kind of low level thinking. No facts, no figures, cos all never bother to do homework, check out the company, go to their gold talks etc..... even calculation is wrong

yet they dun bother to spent RM80 to check out the company claiming he knows everything and even have the nerve to ask me what is the definition of derivatives at this stage, he is a victim and I understand he is frust seeing his wet dreams in flames, flame it on guys!

From a chinese paper. 4 billion in total transaction.

Your move Geneva scammers, PTUI!

Let me give you a hint. If you sell a product with 20% margin (slightly more due to own mint and branding) and with an annual operating expenditure 40++% including rebate, agent comm, staffs salary and etc.

You trading business will need to generate more than 200% return per annum just to break even from the 20% sales margin.

Of course 20% fix margin per sale assuming no top up upon contract expiry and other parameters to make it simple.

That will be an unimaginable performance and return. I think the world debt crisis can easily fix by our boleh land company.

The formula can only work in a perfect world where gold price are linear and sales grow are linear. Which will never happen in our real world.

When it become unsustainable there is when an exit plan is trigger.

I use to believe that formula works until we reach the pre final chapter of exit plan and reincarnation strategy.

this is for all teh tarik talkers....they are not bloggers! If you think it is you than it is you!
Wah the mystery person with his con artist strategy. Stop your imagery. What kind of blogging is this crap. If you can't identify him, what is the point of talking about him?? If you can't tel us about his "package", then don't tell us. How old are you?? This is no-brainer. Get an actuary to calculate for you the risk to put on a risk scale ratio. It takes computer simulation. This technique started in Insurance companies long time ago and eventually moved into banking. But now, even the Federal Reserve Bank of USA are printing money out of thin air. The banks no longer observe the fractional reserve ratio anymore. Why,cos the fiat money currency WILL be replaced by GOLD back currency very soon, may be by mid next year. So ask the actuary to do a calculation and you will find the odds of risk against safety ratio correlated to the factors that determine the gold market, in which case, on the long run VERY profitable. On the risk scale, the odds will be lessen as the time goes by but will be correlated to the factors based on the highly volatile energy market.......with hind sight, it suggests good....but the final nugget to this is the derivative market which shows signs of cracking up in the JP Morgan fiasco. That is the beginning, we saw it was US$2b but analyst put it at US$10b. Some extrapolate it to US$100b (cos it was hidden in derivatives) cos JP Morgan also suppress the silver market price. And u know to suppress worldwide silver price, ur capital has to be huge, so they has more than US$100b. Watch Rockefeller who is behind this. He is into banking. But we have seen nothing yet, this is just the starting point cos Federal Reserve has just started QE3 and buying mortgages from banks in US to hedge against derivative market. This is one big fiasco which will burn up US$600 trillion market value, a sure worldwide economic collapse. With this, gold backing Genneva will not collapse but stand to profit. So what is happening now to Genneva is very damaging to it, which i think could have benefited lots of normal people. If u hold gold, you will do well. Don just bla bla la, anyway i am not interested in your reply, might as well save your mental and finger effort. If you do, just amuse among yourselves. You lack knowledge and talk like a bunch of hens. (don mean to be rude). Nothing left to contribute. Adios.

Does that also IMPLY "sink or swim" TOGETHER?

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Added on October 3, 2012, 7:37 amSMELLS like this.........



This post has been edited by prophetjul: Oct 3 2012, 07:37 AM

Hi bro, thanks for sharing, sincerely I appreciate the time you take to reply. I kinda get your point on the first and last part but I am a bit lost on this part, can you help to explain further?

Quote "aronteh" : annual operating expenditure 40++% including rebate, agent comm, staffs salary and etc. You trading business will need to generate more than 200% return per annum just to break even from the 20% sales margin.

Why I didn't get it;

1. I am a forex gold trader, based on history chart as we all know, gold price has been increasing like nobody's business for the past few years. so it is somewhat linear. true?

2. (Please stay with me for this one) Based of fact, If you buy Tons of gold it will be cheaper than buying grams. so lets say current Market price is for 1kg is RM177,420.00 (actual current market price at the time I wrote this) if you buy by the TONS I am certain you can get 10-20% cheaper than normal price. So let say the actual price bought is RM 150,807.00 which is 15% less. The company has save RM 26,613.00. But the company sells it at 20% extra which sums up to RM 212,904.00. So the company gives 2% return to investors and 0.5% commission to agents for a period of 3 months with adds up to a total of RM 4,790.34 per month times that by 3 would be RM 14,371.02. So if we take this amount which the company profited earlier due to purchase price discount RM 26,613.00 and deduct the commission and stuffs which is RM 14,371.02 shouldn't it be that the company already profited RM 12,241.98? further to that the company also profit from the Gold future price which normally has increased.

errr... I believe you quoted the wrong person. The one with the mystery person story was from aronteh. Not me.

Bro, nice break down. But I'm not aware that buying gold in bulk can giv us discount??? If u dun mind, can u pm me the details of where to trade forex gold???

I hav been trying in singapore but its not easy cos need to sit for test and since I'm not a singa, so a lil diff.

Thanks

Bro aronteh
Mind sharing which state this sifu was restricted to (otherwise pm me)

Reason i m asking is i heard of a "sifu" that will teach his disciple in one week and then the disciple will start the gold selling thingy ..the MO ..well , is Genneva-Style! My friend bought the gold already

Spot gold trading is offered by all forex brokers. Just like trading currency, you are not exactly buying any currency or actual gold but I believe you already know that. Too keep it short and not to derail this topic, you can't do spot gold trading with any company in Malaysia and has to be performed with foreign brokers online. In Singapore, you should be able to trade currency and gold with Forex brokers legally.