It can also be the other way round bro, if BNM states that Genneva is legit and can open business, people would also most probably que to buy.

So the decider will be the results of the investigation.

Hulo alien, is all that they earn and can afford to buy those big buildings????????????? Look who is talking about knowing banking! In fact, how does big banks fail, lots fail in the US??? Also in the UK??? If it is that simple, with your examples, there isn't much left to buy big buildings etc etc......don't be naive. Your simple mind don't work out the strategies for banks. What was HSBC, JP Morgan Chase, Bank of England has in common??? What do Fed Res Bank of US earn their trillions?? and lots more! Why are all the banks in US failing and has to be bailed out?? WHY WHY??

Yes, RM250k (and not RM200k) is guaranteed by BNM, and how do BNM guarantee it???? Check that out. So you know a lot about banking and financial industry.

Show me ONE example which BNM after investigation say it is legit!

yup, the sword always cut both end. we will see the report card
the dato-dato taking salary every month, now is their show time

This post has been edited by property101: Oct 4 2012, 10:22 PM

The Genneva Version 1 is confirmed contravene Bafia Act, so the company is shut down. The company is gone case. The on-going court case is about those Datuk bosses fighting for freedom and avoid life behind bars. Not about the company

Genneva Version 2 ? Genneva is doomed either way.

1. If the Datuk bosses can show BNM they actually have a fantastic business which can afford to pay the 24% hibah --> hey you are taking illegal deposit in an investment scheme --> contravene bafia act

2. If the Datuk bosses cannot show BNM they have a fantastic business --> hey you are operating a ponzi scheme


Anyway, lets wait for BNM to announce in this 2 weeks

Yea, take out your money and buy property.............hooray!!!! Speculate and speculate and then sell off with huge profit and make agents rich also. Better withdraw from Genneva and buy shop lots, office lots and houses, you can earn lots of money. When price high sell la, make lots of money. But remember 1996 and 1986! if you don't like properties, buy gold bars from gold trader, gold shops, they will sell you at spot price, 25% cheaper Genneva cos Genneva mark up 25% from spot price. BUT...but some months back, my friend complain to me where got....they charge him 20% mark up from spot price. He went to his friends gold shop and he said, ok i'll give you a friend's price but u cannot tell people, the Association is guarding this...17% mark from spot price. Oh...what is all this talk about Genneva being expensive. Then he said, shit, the goldsmith shop will charge me 25% on spot price when selling.....wah 20% charge on spot rate on buying and a 25% on spot price on selling...all in 45%, wonder gold can go up 45%. So i said, ok la. They are all fat cats, that is the industry. You can make your decision, and I tell you, most of you has got vested interest in Geneva's case cos you are their competitor. may be not, then the way you blog, something is up.............well not all of you.

Wow, you are absolutely right. I am totally convinced. Genneva is god, the authorities are evil and with ulterior motive. Genneva should be vindicated.

But so what you convinced us here ?

If Bank Negara is not convinced, they will still put the company to sleep indefinitely

Are you some kind of idiot? Do you know how bank operations work or not?

That's what all these geNEVER zombies fail to see.


Delusional Delusional Delusional.

Can you lay out in point form (if u don't mind) the fake promises?? I may have missed out some which i may not be aware. tks.

'Tungsten is the only lower value metal that has a specific density close enough to gold to fabricate passable counterfeit pieces of the same size and weight as genuine' line does render the densimeter somewhat redundant, pieces of fakes are popping up in established gold trading districts.

http://www.zerohedge.com/news/2012-09-23/g...vered-manhattan

am not scaremongering, just saying that's all.

Trading = buy low, sell high or sell high, buy low (short sell), anything other than that, is logic twisting

For those old enough to remember, back in the mid-1980s was the co-op (cooperative) scam which operated by promising very high interest rates (around 18% pa) for fixed deposits. People never asked the simple question as to how the co-ops can generate so much profit to be able to give such returns. Eventually the bubble burst and everything crashed. BNM stepped in and it took years before the victims got back some of their money from this Ponzi scheme. Sadly, this Genneva thing is basically a replay of the Ponzi scheme. Only the details differ but the fundamental methodology is the same.

i'm not out to convince anybody........i go paranoid with bloggers who don't talk with rational and yet they act like they know everything. You are right, raid on suspicion will apply to all, it is a tool with absolute power. It can shut down any business, ANY. And i am sure you know the implication. We cannot say it cannot happen to you, cos if you are a gold trader, it may come to you. The legislation following this case will set in motion future controls which may not be very pleasant for gold traders and gold shops. This case is a steeping stone to controls, Like I said, if you check on the inside page of yesterday's star report, you will get a clue. The writing is on the wll. Still some bloggers bla bla bla like a blind sheep. Just like USA's "war on terror". With that policy, it can eliminate countries which they suspect to have terrorist and declare war on it. This is absolute power unlimited. MLM can be scam. So, what cannot be scam. Ppl do a calculation using simple arithmatic, wow they know already it is scam. Try using arithmatic and calculate how MLM does it pay out, wow, it looks like scam too. No no no, business model with simple arithmetic are for std 6 scammers. No one will reveal what is their strategy but will say only those that are obvious. Don't be naive it is only the 25% mark up that Genneva does over spot...everybody knows that. Even gold smith shop does the same except of 25% maybe lower. Anyone can see this. Geneva business model is more than that. You ask an actuary about this.........do a computer simulation then you can know whether workable or not. It is not a night's work on our pc and bingo, it won't last, it won't last, it is ponzi, it is scam and wait, no, it is a bird, oh no it is dog bird and so on, crying wolf wolf and bigger wolf. It's unbelievable how people blog!

you sure is an interesting person.
From the time joining till now, all your post is in this thread, totally defending Genneva for unknown reason while blasting others and implying hidden agenda by bloggers etc...

God knows what's your ultimate goal

Tomorrow is Friday, 4th day after the raid. Have the directors come out with press statement?

I am not taking side but I do feel you try hard to convince people here. Your recent posts are showing in denial mode.

If you are confident, just wait 2 weeks and all things will be cleared, why need to keep saying same things all over again. In fact, I do not see any solid points from your posts. All about other things but Genneva.

Relax! you are really emotional now! You can't think properly.

Get a shower and then go for some nice drinks. Put yourself in a different angle to see this matter.

You may see the truth. Hopefully!

Emotional can't help, especially on money matter.

Hey there, you did not study your high school physics properly?
The densimeter measures density. What use is it to detect tungsten gold if tungsten had an almost identical density compared to gold? Every piece of tungsten gold will pass the test. In fact every piece of tungsten would also pass the test. Because all the pieces will have density of 19.2, same as gold.

Many thanks for the correction.

Earlier I thought that investor is required to surrender their gold for exchange the contract to earn the hibah. If so, Genneva can re-cycle the gold as an investment fund. Otherwise, you are absolutely right. RM750 ROI from RM2K capital in 3 months, which means the actual annuity is 150%.

Wow!!!!! This is a Tai Yi Long (loan shark) business model. Pinjam 2K, interest charges 3K per year. Like that, all Genneva investors are Tai Yi Long.

I did buy geneva gold before but cash out because i need money for my personal thing. So i have nothing to gain, just like what i said. What i post just now, sorry, you don't know how to read between the lines. This is a public blog, i could be roasted cos there are cyber troops on constant alert. These are thinktanks. When things happen later, come back to my posts again. Anyway, i am RETIRED FROM this blog. Have fun but my personal opinion, don't waste too much time. If you look at the number of time i post, not many, my friends has warned me.

Nothing to convince since day one, just like to argue facts vs fiction. Convince who, what do i get? A million people will say thank you? Ppl will join me so i can have a fat commission? I am not even working in Genneva! hmmmm. Blogging ONLY la, brother! When i feel right, i want to blog that i am right, with rational facts and figures. That's all folks! Good night!

Of course, there comes lots of bla bla bla from others.........crying foul when ppl are not interested.