they did bank in as they promised every month for 2 year already according to my friend
GENNEVA MALAYSIA, some facts.., READ and UNDERSTAND
GENNEVA MALAYSIA, some facts.., READ and UNDERSTAND
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Jul 14 2012, 10:43 AM
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Junior Member
54 posts Joined: Dec 2008 |
they did bank in as they promised every month for 2 year already according to my friend
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Jul 14 2012, 10:43 AM
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All Stars
12,269 posts Joined: Oct 2010 |
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Jul 14 2012, 10:45 AM
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16,872 posts Joined: Jun 2011 |
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Jul 14 2012, 10:46 AM
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Elite
5,608 posts Joined: May 2011 From: Here, There, Everywhere |
QUOTE(ralphaell @ Jul 14 2012, 10:43 AM) Dude - ever heard of the Madoff scam? Ran for donkey of years but finally...http://en.wikipedia.org/wiki/Madoff_investment_scandal This post has been edited by wongmunkeong: Jul 14 2012, 10:48 AM |
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Jul 14 2012, 10:46 AM
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All Stars
12,269 posts Joined: Oct 2010 |
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Jul 14 2012, 10:47 AM
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54 posts Joined: Dec 2008 |
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Jul 14 2012, 10:47 AM
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1,864 posts Joined: Apr 2011 |
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Jul 14 2012, 10:47 AM
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54 posts Joined: Dec 2008 |
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Jul 14 2012, 10:50 AM
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Elite
5,608 posts Joined: May 2011 From: Here, There, Everywhere |
QUOTE(ralphaell @ Jul 14 2012, 10:47 AM) Is he? IF he stopped investing and pulled out already, yes.IF not, the gold is in his hand now or not? Do an Excel calculation - 2 years.. with the buyback by Company at the end of the contract and buy anew again by your friend (higher gold price assumed) for a new contract, U sure he's safe? This post has been edited by wongmunkeong: Jul 14 2012, 10:51 AM |
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Jul 14 2012, 10:51 AM
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54 posts Joined: Dec 2008 |
QUOTE(wongmunkeong @ Jul 14 2012, 10:50 AM) Is he? IF he stopped investing and pulled out already, yes. yes , u r rightIF not, the gold is in his hand now or not? Do an Excel calculation - 2 years.. with the buyback at the end of the contract and buy anew again for a new contract, U sure he's safe? This post has been edited by ralphaell: Jul 14 2012, 10:52 AM |
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Jul 14 2012, 10:55 AM
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1,864 posts Joined: Apr 2011 |
Anybody know which company is this newspaper article refer to ?
http://www.chinapress.com.my/node/335393 |
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Jul 14 2012, 10:57 AM
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All Stars
12,269 posts Joined: Oct 2010 |
QUOTE(wongmunkeong @ Jul 14 2012, 10:50 AM) Is he? IF he stopped investing and pulled out already, yes. The things is: If he keeps the bar, who is gonna buy it from him after the contract?IF not, the gold is in his hand now or not? Do an Excel calculation - 2 years.. with the buyback by Company at the end of the contract and buy anew again by your friend (higher gold price assumed) for a new contract, U sure he's safe? genneva does not need to....the jewellers? Thats a 25% cut off the spot prices.... OR will the banks buy??? |
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Jul 14 2012, 10:58 AM
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16,872 posts Joined: Jun 2011 |
Endorsed by former PM...
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Jul 14 2012, 10:59 AM
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54 posts Joined: Dec 2008 |
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Jul 14 2012, 11:03 AM
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All Stars
12,269 posts Joined: Oct 2010 |
QUOTE(ralphaell @ Jul 14 2012, 10:59 AM) i know...thers an option to keep the bar. If you keep, who can you sell to?genneva does not need to purchase from him after the contract....the jewellers? Thats a 25% cut off the spot prices.... OR will the banks buy??? |
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Jul 14 2012, 11:05 AM
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54 posts Joined: Dec 2008 |
QUOTE(prophetjul @ Jul 14 2012, 11:03 AM) i know...thers an option to keep the bar. If you keep, who can you sell to? if u keep it, then u will be able to receive the so called hibah if you sell back to the company, u wont be able to get the hibah anymoregenneva does not need to purchase from him after the contract....the jewellers? Thats a 25% cut off the spot prices.... OR will the banks buy??? |
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Jul 14 2012, 11:07 AM
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All Stars
12,269 posts Joined: Oct 2010 |
QUOTE(ralphaell @ Jul 14 2012, 11:05 AM) if u keep it, then u will be able to receive the so called hibah if you sell back to the company, u wont be able to get the hibah anymore i know. you are making it very complicated.After the contract. He keeps the gold bar. lets say fro another year....Who is he going to sell it to after that? |
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Jul 14 2012, 11:10 AM
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54 posts Joined: Dec 2008 |
QUOTE(prophetjul @ Jul 14 2012, 11:07 AM) i know. you are making it very complicated. For example, if u purchase the gold now , the contract is for 4 month, so after 4 month u need to bring the gold to the office to let them to check, so if u sell away during that period, you wont be able to receive hibah againAfter the contract. He keeps the gold bar. lets say fro another year....Who is he going to sell it to after that? |
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Jul 14 2012, 11:11 AM
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Elite
5,608 posts Joined: May 2011 From: Here, There, Everywhere |
QUOTE(EddyLB @ Jul 14 2012, 10:55 AM) Anybody know which company is this newspaper article refer to ? Holy crap - dated 13/07/2012 22:10http://www.chinapress.com.my/node/335393 So fast kaboom? Sorry ar bro - i used google translate and read it as kaboom |
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Jul 14 2012, 11:11 AM
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Senior Member
16,872 posts Joined: Jun 2011 |
QUOTE(wongmunkeong @ Jul 14 2012, 11:11 AM) Holy crap - dated 13/07/2012 22:10 Me also banana, used Google Translate. Read "endorsed by former PM"... So fast kaboom? Sorry ar bro - i used google translate and read it as kaboom After work I go their office see...near my place This post has been edited by Pink Spider: Jul 14 2012, 11:12 AM |
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