Anyone heard about this before?
http://www.thegoldguarantee.com.sg/

Don't waste your time here. Ask the bank, Bill Gates, Apple, Sony how they make money and show you how it is done....please don't ask idiotic questions.

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.

I starting to waste time here.....!!!

Do your homework before yakking nonsense.

Looks like a RED FLAG to me........

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Added on July 19, 2012, 7:43 ami guess you are an investor/agent

The idiot is the one trying to compare Genneva to Microsoft, Apple, Sony..........

Those listed have manufactured innovations while one is trying to scheme out of selling "something"

This post has been edited by prophetjul: Jul 19 2012, 07:43 AM

We have give an advice to them. Whether they want to listen or not, it's their decision.

When some one

Its becos they got into defensive mode

O they should declare their interest.........

ReLast 2 days agogot 1 issue happen on 1 of the DIRECT company scam the investors $$$. What are the company name ? This type of example should all our beware and careful during investing....

from website file printscreen photo,



it is Dinarius & Dirham....

I have nothing against Genneva even tho I don't invest in them but I find that the teh tarik talk here is rather entertaining. You don't have to take them seriously. They are just a bunch of clowns. I think this thread is more suitable at Kopitiam.

APGReit at least got their agent there to TRY to clear things up

But here...no? Genneva agents too busy taking new customers no time to do some PR work here?

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Added on July 19, 2012, 5:34 pmI think their cashflow must be affected badly these two forumer have to come in to try to salvage whatever image they still have. But did just opposite by scaring potential investors away

This post has been edited by EddyLB: Jul 19 2012, 05:34 PM

In simple terms the bank earns money by charging interest more than they are giving out interest.
Bill Gates, Apple, Sony makes money by selling products where the the products have their profit margin after netting off costs and productions.

So now tell me about Geneva? Simple term, how do they earn when they are giving out high interest back to customers? Or how can they afford to pay back interest to the customers?

They can give you their secret of their earnings model.

ALL they can say for now is that its INNOVATION!

Yes, it is very innovative. Basically it is an art of managing funds, which need very complex software/formula and PHD in finance to do it right. You got to have 6 way hedge against each other :

1. US$
2. RM
3. Gold spot price
4. Gold retail price
5. Old customer money (hibah)
6. new customer money



This post has been edited by EddyLB: Jul 20 2012, 09:57 AM

exactly.

i really really looking forward to someone who can explain me where does their cash flow come from
if they say they get it by the increase of gold price, then how about when gold price come down?

Madoff appears to have use this innovative technique as well....

This post has been edited by Pink Spider: Jul 20 2012, 10:39 AM

Without convincing and proven business model, it smells and sounds like a Ponzi scheme.

And the most innovative part is how to maneuver the Law. After G S/B was investigated and prosecuted, adjustments were made to the mode of operation to "comply" with law and until today, the clone GM S/B is still in operation

Why Bank Negara, Securities Commission, ROC are not doing anything ?

If we look at the Madoff's US$65 billion ponzi scheme, it was only when his own son reported to the authority that the scheme was finished. That is the time Madoff knew he couldn't hide anymore when the new customers' cash inflow is no longer enough to pay the old customers. The scheme lasted >15 years

This one started in 2009. It wouldn't end for another 12 years




http://en.wikipedia.org/wiki/Bernard_Madoff

"Markopolos was ignored by the Boston SEC in 2000 and 2001, as well as by Meaghan Cheung at the New York SEC in 2005 and 2007 when he presented further evidence. He has since published a book, No One Would Listen, about the frustrating efforts he and his team made over a ten-year period to alert the government, the industry, and the press about the Madoff fraud."

Sama-sama juga in Bolehland.