My family been investing with Genneva Malaysia for 2 years ++ and we get like 50% of our capital back. In the case Genneva Malaysia collapse, i still able to sell the gold for 75% of the buying price, so i still be able to earn instead of losing nor earn less if i put in unit trust or FD.

Just sharing my opinion.

After 2 years you still made a net loss..... are you sure the gold bar in your hand is worth 75% ?
Have you even tried to sell the Genneva gold bar ?

Ronnie, yeah tried to ask for selling price and pawning price before.

e.g. invest 100k and earn 50k in 2 years, (average 25k a year)

Then you should invest more.

Anyone heard of another one sigh*....called Caesar Gold?
Similar scheme as Genneva...

doraemon, its not about more or less, its about at my comfortable level. however to be truth, nobody in this world can predict whats going to happen tomorrow.

just sharing my opinion on this company from my past purchased

That is not earning. That is recouping your capital. i.e. you recoup back 50% of your initial investment in 2+ years time.
So by your logic of selling the gold at 75%, meaning to say you earn 25% in 2+ years time.
Then if you do not sell it off, by the logic of getting back 50% every 2 years plus; to recoup back your whole capital takes 4+ years.

If you ask me, looking at that simple maths figure - am not really impressed.

This post has been edited by b00n: May 10 2012, 07:37 PM

no genneva 4 me. spot price are low now, it's a good time to see how they stick to their buy back commitment.

It seems this genneva business is rapidly growing like mushroom in kuchai lama area. Today I saw some more expansion. I wonder how many people will continue investing in it.

Don't think they can run to another country when millions are involved. can be extradited from anywhere they escaped to.

This post has been edited by AUGUST777: May 20 2012, 12:37 AM

If people start to become greedy and invest with genneva with debt, means they take out loans and so on, I don't think this scheme will survive. It'll collapse in long run.

YES THEY ARE NOW IN CHINA, PHILIPPINE AND SINGAPORE, DOING COMBINED SALES OF MORE THAN 7 BILLIONS RM. THINK THE GOVT IN ALL THESE COUNTRIES MUST BE BLIND, LETTING THIS "SCAM" COMPANY TO OPERATE. HA, ALL THESE TEH TARIK TALK, TALKING NONSENSE WITHOUT FACTS. YOU CAN'T CON CHINA, MAN. OR FOR THAT MATTER, SINGAPORE GOVT.!!!!!

Nice analysis

For some, still take the "calculated" risk.... Greed blinds People.

why must i sell when the Genneva biz has expanded to China, Singapore and the Philippines. You make an assumption that it will collapse. But from what i know in the world market, banks are about to collapse. Worst, Bank Negara DO NOT guarantee your savings!!!!!!!!!! This has been passed 5 years ago. What about Bank Gold Account????????? Worse!!! What about EPF?????????????? you are dead. Banks take your money, invest it and earn few 100% and pay you 3.5% per year!!!!!!!! That is rip off. Then they buy all the big buildings in town. Take a drive and look. Look at their financial report. Even EPF who are non financial experts can pay a meager 5.5% per year. Look, what is wrong with 2% per month. And don't you know that the paper money you are holding is a ponzi scheme??? Created by Fed Reserve Bank of USA????????????? And they are not a Govt bank. it is a PRIVATE BANK OWN BY 13 FAMILIES. Just recently JP Morgan, one of the 13 lost 2 billion US$ on the derivatives market. What is derivative market? It is a fraudulent market manipulation of the financial tool used for speculation and manipulation of the total financial market which is MEANT to break the financial system for some purpose to control the world financial system. This may be beyond your imagination. Now let us face it, Genneva is backed by gold you hold, banks you just hold account books. So who is more secure??? Wen the financial collapse comes, nobody is spared. So this applies to all people, not only Genneva. Perhaps Genneva will survive cos by then GOLD WILL DOUBLE OR TRIPLE IN VALUE - that is if you are learned in gold market and its reason why it must rise in price.

Your calculation seems plausible to an ordinary fellow but it has no depths cos your premise of calculation is based on a fallible assumption on which your calculation rests! Sorry my friend, i heard so much argument i felt disgusted so much so that i retire from such shallow analysis. I apologise being so blunt but I don't have any agenda, just pure intellectual argument. To start an analysis, you can't conclude on your premise of argument before you start a debate.From this you have failed in your presentation of your argument. Sorry, good night.

---

Added on May 21, 2012, 11:13 pmwhy must i sell when the Genneva biz has expanded to China, Singapore and the Philippines. You make an assumption that it will collapse. But from what i know in the world market, banks are about to collapse. Worst, Bank Negara DO NOT guarantee your savings!!!!!!!!!! This has been passed 5 years ago. What about Bank Gold Account????????? Worse!!! What about EPF?????????????? you are dead. Banks take your money, invest it and earn few 100% and pay you 3.5% per year!!!!!!!! That is rip off. Then they buy all the big buildings in town. Take a drive and look. Look at their financial report. Even EPF who are non financial experts can pay a meager 5.5% per year. Look, what is wrong with 2% per month. And don't you know that the paper money you are holding is a ponzi scheme??? Created by Fed Reserve Bank of USA????????????? And they are not a Govt bank. it is a PRIVATE BANK OWN BY 13 FAMILIES. Just recently JP Morgan, one of the 13 lost 2 billion US$ on the derivatives market. What is derivative market? It is a fraudulent market manipulation of the financial tool used for speculation and manipulation of the total financial market which is MEANT to break the financial system for some purpose to control the world financial system. This may be beyond your imagination. Now let us face it, Genneva is backed by gold you hold, banks you just hold account books. So who is more secure??? Wen the financial collapse comes, nobody is spared. So this applies to all people, not only Genneva. Perhaps Genneva will survive cos by then GOLD WILL DOUBLE OR TRIPLE IN VALUE - that is if you are learned in gold market and its reason why it must rise in price.

Your calculation seems plausible to an ordinary fellow but it has no depths cos your premise of calculation is based on a fallible assumption on which your calculation rests! Sorry my friend, i heard so much argument i felt disgusted so much so that i retire from such shallow analysis. I apologise being so blunt but I don't have any agenda, just pure intellectual argument. To start an analysis, you can't conclude on your premise of argument before you start a debate.From this you have failed in your presentation of your argument. Sorry, good night.

This post has been edited by AUGUST777: May 21 2012, 11:13 PM

1. You do not know what is ponzi scheme.
2. Value of gold affected by supply and demand, inflation, and the quantity of paper money.
3. If you look at the history, gold price increase when the country have a lot of debts, when the gov create a lot of paper money. Price decrease due to the good economic situation, thus money has better value.
4. Genneva scheme will not be able to survive for long term if their sales maintain the same while the players are increasing provided with no increase of gold price.

well, since you are talking about gold only, why cant you buy from goldsmith? Why genneva? Since everyone would be selling more or less the same price.

Then you will be saying because Genneva has hibah, mubah, lanbah, whatever system it is call as it gives out dividend every month.

So, why does Genneva ask you to buy +25% gold price? You think they want to earn the difference profit or what?
Why do you let genneva earns the 25% difference? Are we not looking to buy cheaper gold with the same amount of gold?

Enlighten me please, me dont know gold investment. Im just curious.

Aye...i can get teh same gold bar at much cheaper rates than Genneva...
its still gold to mitigate whatever that poster has written, minus......

Whos the FOOL who pays himself and calls it Hibah?

Only greedy dolts cant see such schemes..............

Bro ProphetJul,

"You can't help people who INTENTIONALLY wants to get rich SUDDENLY"
+ "A fool and his money are soon parted" (BTW, i'm still wondering how a fool got the $ in the first place )
+ "There's a sucker born every minute" (imagine the exponential numbers with current world population! )

Sometimes no point in trying to logic things out with some people, especially when all the facts/statistics/cow-sense are already stated.
Time will tell whether their perspective/reality is true or not.

Just a thought

Great thoughts especially



Confession: i have been a sucker in life as well ......

Another: Fools never learn from mistakes. The wise makes and learns......NOT TO REPEAT them again!

genneva and goldsmith pricing is about the same. Look at ar-rahnu pricing that is roughly the goldsmith pricing.
http://www.hargaemas.com.my/harga
which work out to be RM182/gram of .999 gold

You can also get the same gold from UOB at
http://www1.uob.com.my/jsp/finance/fin_gol...0/#passfuncoins
which work out to be RM168.2/gram.
You can get cheaper if it is a 100 gram bar brought in bulk from overseas.

So, the target market is those who don;t know where to buy cheap gold. The differences in pricing enable them to give interest/hibah.
I have not seen the actual contract and despite many talking nobody is has come forward to us with the actual contract.
If people dun 1 2 be help, just nothing we can do about it.

In normal gold pricing scenario, customer buy gold at RM200/gram. contract 4 months at 1.5% so in total 6% given out.
At the end of contract, they said they will buy back. At what price this one i'm not sure.
They got free money to speculate on gold.

Exactly, how they make $$ I really don't know.