I repeat my previous question - what happens after 10 months?

After 10 months, where is the money going to come from? If I buy and sell repeatedly, that's going to make it worse.

I'm not sure if you are completely useless at arithmetic, or you are just a conman scammer? Which one are you?

How can I be a scammer when I don't gain anything? As I mentioned before, I'm just sharing info and experience. If from my info you think it's a scam, then please don't risk your hard-earned money. You don't have to take the risk. At least my info is useful in helping you to make a decision. That's the purpose of this forum. But to accuse somebody of being a con when you can't grasp the whole thing, it is unwarranted and an abuse of this forum. Enjoy a pleasant and safe holiday, howzat.

Forget 10 months...they dont offer that. 6 months max.

You should read few pages back about

a) No guarantee buyback
b) Price to be at their 'discretion'
c) New conditions of purchase

Why don't you simply answer the question: "what happens after 10 months?". Repeatedly buying/selling is going to make it worse because the trader keeps giving the company more money without getting anything back.

I can grasp the whole thing alright. That's why I asked for the missing bits of information. Presenting only the information beneficial to the company, and not presenting the rest which are crucial to the trader is a con misleading.

You have a pleasant and safe holiday too.

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Added on August 18, 2012, 11:48 amThanks. He posted like he had the answers, so I wanted to see what his response looks like.


This post has been edited by howszat: Aug 18 2012, 11:48 AM

ya.. faster answer howszat questions..

Read back his first post carefully. All 4 conditions has to be fulfill for it to work like he mentioned. Especially no. 4.
The 10 months or whatever months is if the company is still around fufilling thier "promises".

Scam. Ponzi. Fraud.

If b00n could understand and grasp the whole thing from the various examples I gave, I can only sympathies with howzat and those who are still asking questions which are already answered in my examples. What about others? Can you guys grasp where the "hibah" comes from with repeated buying and selling beyond 10 months? There is nothing more to answer. My examples are simple enough!

Howzat, if you still don't get it, just avoid gold trading! Easy as that! Nobody is forcing you and I definitely am not trying to con you or any others. If I am trying to lure mentally challenged people with lots of money, why did I even bother to list out precautions to take and check out?

as long as the scheme is still paying, it doesnt matter to people who r getting the money every mth... it doesnt matter if its a scam ponzi fraud till they got burned... period...

I asked a simple question. Instead of addressing the question directly, you have wasted several posts now producing hot air. Please stop beating around the bush and try some honesty and answer the question instead. You said:

So I only get my money back after 10 months, if the company is still in business. Question: What happens after 10 months? - where is the company going to get the money from to pay me? What is the business model? Do you understand the question?

HINT: It might take less words to explain it directly than to keep insisting what I grasp or don't grasp post after post without addressing the question.

This post has been edited by howszat: Aug 19 2012, 01:27 AM

is this the same genneva malaysia that is sorta linked to VGMC ?

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Added on August 19, 2012, 7:35 am

This post has been edited by Kaka23: Aug 19 2012, 07:35 AM

Check also point 7 and examples C, D and E. If you still don't get it, I don't give a damn! I'm not going to waste my holidays entertaining an idiot!

Another thing, this is different from Ponzi because you have the gold with you (definitely worth something, don't you think so , kaka23?) instead of a worthless piece of paper when the company go bust. At least you still have the principal.*

*ie. after you have collected monthly "hibah" amounting to the mark-up (10 months in my example)
NB: The above footnote is only for those who are incapable of deduction.

Your examples have been debunked by practically everyone else as full of holes.

You can't answer this simple question "where is the money going to come from after 10 months? in terms of their business model". What is their revenue stream? Your examples didn't cover that - you simply pretended that the company has lots of money to pay out, but not how/where they got it from. The gold itself may not be ponzi, but the hibah part certainly sounds like one. Enough said.

This post has been edited by howszat: Aug 19 2012, 10:40 AM

From the very beginning it is very clear that the biz model is not sound, it's a Ponzi. As some fellow forummers correctly pointed out, Ponzis are not really that bad, if u know to go in and run before it all crumbles.

Besides the inability to explain the business income, they can't explain why the authorities warn the the public also.

Ponzi can be apply too even with a bottle of sand. The precious metal has been used but the process has no difference with ponzi scheme. Why gold? Because the amount is big and thus better profits for them.

Invest in Frozen yoghurt, pay back in one year, why take the risks on gold?

an update from a reliable source, police will raid genneva soon.