Haaha, then why are you here little pokemon?
I thought u wanna show off your 7 digits asset but now pusing pulak. I love to see the way you twist like what your con-sultants did to customers.

Example. Calculation quoted for 1kg of Gold.

1 - I buy gold from GMSB at 1kg at RM208k ( Market price around RM170k. Dont believe, check the price la.)
2 - GMSB so called promise to give me hibah 2% for 3 month. That's RM 4160 x 3 = RM12,480.
BTW, hibah cannot be define upfront, it is a gift if the so called company make profit. How can u predict the profit when it has not taken place yet?
3 - After 3 month, I receive total Hibah of RM 12,480.

4 - GMSB gimme option:

i - Keep gold. ( I already loose money because i bought at damned markup price of > 30%)
ii - Sell outside. No person want's to buy my gold at RM 208k or even RM 170k or even if the actual market price is at let's say RM 220k( in your wildest dream). They will always buy it at a discount rate of at least 20 - 25% lower as mentioned in GMSB website. If sell at Habib, they take less 40% than spot market price. That is already a loose of at least RM 43k.
iii - Ohh, it seems that i have no choice. I have to sell at GMSB at the so called not promised purchase price (which is totally BS). Ok, so I get capital back. RM 208k ( if the so called willing buyer willing seller works ). And now GMSB have my gold... and I walk away happily with the hibah i received and no gold.

The next customer comes in. They repeat the same process only this time GMSB gold price is at let's say 205k. But wait a tick, they are giving the new chap my previous gold. Which means????????????? They don't have to fork out money to buy the new chap a gold bar. Because they already have my previous gold stock. They oredi make profit by not buying new gold bar and at the same time this new chap receives hibah from his own money..... The cycle repeats itself it I were to re-invest in the scheme..... Makes sense huhh????

To GMSB, tick tock, tick tock...the clock is ticking....huhuhuhu... better stop misleading people ye. I know how much money u have in yur account.... but cannot tell laa... Nanti become rafizi woooo. Section 97 Bafia.... And stop telling bullshit stories about u getting approval under BAFIA. That was under DIMENSI Sentosa.... Change name, all business model change still wants to tell whole world have approval from BNM to operate... On paper no such thing as buy back guarantee, but in reality?? If u tell upfront GMSB won't guarantee u buy back people's gold u think they will invest aarr?? The only reason people give u money because they want hibah only. Gold wafer is just a collateral kan??? kan kan kan??? Approval oso for Factoring and Leasing Bisnesss...hahahha...GMSB have factoring aaarrr???

Chiowwwwww XOXO...

Hello Prophet, you don't sound like a prophet lah.

You sound like a Taliban, you know

YOU ARE RIGHT!

I AM A TALI-BAN.........

I AM A TALIBAN AGAINST COMPANIES SUCKERING PEOPLE!

---

Added on August 9, 2012, 10:49 amif I AM NOT MISTOOKEN, they dont guarantee buyback anymore................

SO YOU are left with holding damned markup price of > 30% if they decied not to buyback

http://www.gennevaworld.com.my/?page_id=103

HERE NO GUARANTEE THEY BUY BACK



http://www.gennevaworld.com.my/?page_id=107

sEEMS THEY they change T & Cs faster than you can say Supercalifragilisticexpialidocious!

DISCRETION TO BUY AT MUTUALLY AGREED PRICE MEANS : YOu have been SUCKEred.......another 25 to 30% discount?





This post has been edited by prophetjul: Aug 9 2012, 10:49 AM

Why boss @pokemonkiller dont reply my question?

Are my question too stupid to be asked and not worthy of his time ah?

---

Added on August 9, 2012, 10:53 amI buy gold bar at rm1000 and sell rm900, i can still make money?

No boss, ive not heard of it. Care to share your secrets?

This post has been edited by edyek: Aug 9 2012, 10:53 AM

We are ALL stoopid and NOT brave enough to GET RICH!

If Genneva doesn't guarantee buy-back, then why should the customers buy their gold at premium >20% ?


Scenario 1 - with Guarantee buy back

1. Say buy 100g x RM200/g = RM20k
2. Receive "Hibah" 2% pm for 6 months = RM400 x 6 = RM2400
3. End of 6th month, sell back at RM200/g = RM20k
4. Total RM22,400 = profit RM2400 or +12% in half a year



Scenario 2 - without Guarantee buy back

1. Buy same amount = RM20k
2. Receive "Hibah" same = RM2400
3. End of 6th month, no guarantee buy back. Sell outside (discount say 30%) = 100g x RM140/g = RM14k
4. Total RM14000 + RM2400 = RM16400 = loss RM3600 or -18% in half a year

WTF ?? Did I miss out anything ? Why consumer so stupid to buy if without guarantee buy back ?

Hellthy competition? (yes, purposely spelt wrongly )
http://forum.lowyat.net/index.php?showtopi...&#entry53705530

whoops - that topic/thread missing.. nuked by Mods methinks

http://forum.lowyat.net/index.php?showtopic=2463471 whoa.. new topic again!

This post has been edited by wongmunkeong: Aug 9 2012, 05:05 PM

“If you’re not brave, you will always be poor.” -Pat Lu

To that....

THERES A SUCKER BORN EVERY MINUTE AND

BEING STUPID IS NOT BRAVERY.

FOOLS AND THEIR MONEY ARE SOON PARTED

You fellows are pensioners or what?

No work to do one ah?
Now is working time but I see the same few fellows posting non-stop throughout the day one?

Go and do something more productive lah!

Don't spend so much time calculating, show this scenario lah, that scenario lah, wondering how people make the profit. That is non of your business !!
I see the same old calculations repeated over again and again from March until now. You don't feel boring one meh?
Why not you do some analysis on normal gold smith shop then.
They rent huge retail lots in shopping centres which cost them a bomb, they have all the sales staff manning the shop, they have so much millions worth of stock in the shop itself.....but there are hardly any customers. Most of the time you see their staff getting so bored.
So how do they survive? How much profit do they need to make in a day to cover their overheads?
How come they never close shop? What is the secret behind?

If you really so confidently think it is a scam, then stay away and don't bother about it.

Otherwise why not you dump in 10K instead and see and feel for yourself if the business model makes sense or not.
Then you can give us your professional advice based on your true experience compared with your calculations.

If you can't even afford to lose 10K (should it be a scam) to clear the doubt, that means you are no big time player and talk only as if you are great and experienced investors.

Don't tell me it is a stupid idea to throw in your precious money because it is just like dumping the money in the casino. If you do then you are simply a no risk taker because you only have a miserable sum of money to play with which you have saved during your entire working life and therefore not fit to talk about investment.

Remember --- empty vessels always make a lot of noise !!

Sry little slave. I din't know you have no rest, no life to get your 10 digits income. I din't know you have no smart phone to online. I din't know your business is so good until you have to twist around here. I don't gamble in casino like what people dump their money to Genneva.

There you go again.
I wonder who is twisting and turning.
Did I ever mentioned at all I have to struggle whole day and night long to make ends meet in order to get 10 digits income until I have no rest and no life ah??
Show me which sentence please...if you can't then better go for eye check up loh.

I am talking about you people leh!
Spend your precious time doing more productive work.
If you are a pensioner, then go and do some gardening, help you wife clean the house, take care of your grand children, blah blah blah.

FYI, I am writing using Samsung Notes leh. Did I also ever mentioned that I have to use my pc to log in ah?
Show me which sentence please...if you can't then better go for eye check up loh.

Don't simply add salt, add vinegar leh (KAH YIM KAH CHOU).

as if you're telling us that we need to try drugs first just to know whether it is illegal or not.or cut yourself to know if it hurts or not.that does not makes sense.the writings are already on the wall.

or maybe you want to tell that BNM/SC/gov are illegal/bias or just jealous of your company's secret 'profit' making business model when they put you in the list?

My thoughts on Geneva:

If one has RM 1,000,000 net investable asset and one invest RM 50K into Geneva it may be within one's risk tolerance.

If one has RM 100,000 net investable asset and one invest RM 50K into Geneva, it may exceed one's risk tolerance.

If one has RM 50,000 net investable asset and one invest RM 50K into Geneva, then the said person is unwise.

Will I recommend my client to invest in Geneva?

No, not at all.

Why?

So far I have only seen the return part i.e. alpha, but so far none has able to give me a quantifiable risk i.e., beta.

In the field of investment, one is taught to view investment in multi-dimensional perspective i.e. risk-reward performance. Since Geneva has no quantifiable risk, I cannot calculate its risk adjusted performance and hence will not advise my client in pursuing this method of investment.

There are other ways to gain exposure to this asset class (gold) where its risk adjusted reward is known and can be compared for quantitative assessment. Sadly, Geneva does not fall into that category.

Xuzen

Boss, my Godfather boss tell me to surf Internet all day long to look for investment using Ipad. So i think i have all the time i need....

Now im doing something productive. Im asking you the question TWICE just to fill in my empty brain so that i can pass the investment to my Godfather boss.

Im not interested in their way of making money. Im interested in Genneva. So why should i buy gold bar from Genneva instead of normal goldsmith shop with more expensive price tag?

With your answer, i can quit my janitor job and enjoy life.

Boss, i can afford to lose Rm10k. What is Rm10k these days? But with something that i know and calculated risk. Hence i ask you the question TWICE so that i can throw my bloody hard earned money from my janitor job. Then i can be millionaire (hopefully) and open up a janitor company to hire other people to wash toilet for me.

But if there is something fishy (i say fishy because you have not answer my question TWICE) why should i be so stupid to dump even Rm1k? Im stupid enough to become janitor and wash toilet, but aint not enough to dump my money anyhow.

Has this basic terminology being addressed??

What I know of is yes they have previously applied under Section 21(1) under BAFIA for Leasing and Factoring businesses(scheduled business) which BNM has the right to pull it back.

Thus by the term: "below is the list of known companies and websites which are not authorised nor approved under the relevant laws and regulations administered by BNM" does it automatically meant that they are no longer certified by BNM to be BAFIA compliant?

But as far as my limited knowledge goes, trading of precious metals especially in quantity still falls under AMLA which still indirectly comes under BNM purview as a reporting institution.
http://www.agc.gov.my/Akta/Vol.%2013/Act_613.pdf (pg 86: 32. A ctivities of dealing in precious metals or precious stones carried out by companies incorporated pursuant to the Companies Act 1965 [Act 125] and businesses as defined and registered under the Registration of Businesses Act 1956 [Act 197].) So is Genneva still reporting to BNM?

Rich and successful investor don't just take any risk, they take calculated risk after doing proper due diligence.

Only naive, the easily conned and 'ikan bilis' investor simply dump money and 'see' if they can get return or not by taking blind risk, aka gambling.

See the difference between these two? Anyway the No1 rule for the world's most successful investor is 'Do not lose money'. So wether it is RM 10 or 10K or 1000K, we abide by those rule.

IMHO most of the forumer here belong to the 1st type and you are looking mostly for the 2nd type so this is not a correct forum for you to be. Maybe you should start promoting at those many HYIP forums.

This post has been edited by gark: Aug 9 2012, 07:04 PM

Received sms from a friend today

"Just to let you know I called Bank Negara re: The Star highlighted 77 companies BLACK LISTED by Bank Negara, confirmed they never said black listed, just that they are not sanctioned by Bank Negara, that's all. Confirmed too, Genneva can conduct their gold trading business as long as not doing investment as trading is not under purview of Bank Negara. You may call 1300-88-5465. Press 2 for English and then press 6 for others".

i know i know, either u r short it like futures, or YOU KENA CON!!

Put it nicely, your friend is good at mincing and choosing suitable words. Put it bluntly, your friend tried to deceive you.

The actual words issued by Bank Negara :



http://www.bnm.gov.my/documents/2012/Finan...lert_listEN.pdf

Maybe you should sms back the exact words to your friend ?