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GENNEVA MALAYSIA, some facts.., READ and UNDERSTAND
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Raceroamer
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 Oct 3 2012, 01:06 PM
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Getting Started
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Is it possible to sell the Geneva Gold now with the expectation of losing only 20%? I mean now the news of Geneva being raided by Bank Negara is out to the public, if you sell the physical gold to other goldsmiths now, I think they will take advantage out of this as they know those people who are selling the gold now are in fact desperate, they might only buy the gold from you at the lowest price as possible. So that means you will definitely loss more than 20% even if you have the physical gold.
This post has been edited by Raceroamer: Oct 3 2012, 01:07 PM
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Raceroamer
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Oct 3 2012, 02:51 PM
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Getting Started
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I've a friend who holds 4KG of Genneva physical gold. He started since 2 years ago from 500g then topped up till 4 KG over this 2 years. He really earned a lot from this investment. He even invited me to see the physical gold once. I still unable to contact him today, I hope he is ok.
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Raceroamer
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Oct 3 2012, 03:01 PM
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Getting Started
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QUOTE(celicaizpower @ Oct 3 2012, 02:55 PM) WOW! that's close to a Million man... I really hope he is ok. My friend kena about RM 140K & the gold was suppose to be given to him on the raid day... now he has nothing... Atleast my friend still has the physical gold with him now. Over these 2 years, he actually earned quite a lot, so I am not sure whether he rugi or untung if we calculate in total starting from day 1. |
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Raceroamer
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Oct 4 2012, 11:49 AM
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Getting Started
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All my friends got back the return as promised for the past 2 years. Only these recent few months, they heard rumour that some Geneva agents have not received or faced delay in receiving their commissions. Fortunately many of my friends were able to stop once their contracts have completed just before this raid excepts for 2 friends of mine.
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Raceroamer
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Oct 4 2012, 12:27 PM
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Getting Started
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QUOTE(SAINT69 @ Oct 4 2012, 11:53 AM) I am very happy to see the goverment finally crack down on GMSB. For 3 years they have been conning by constantly changing their modus operandi to prosper undetected by the goverment. Finally it has bite the dust like any oher Ponzhi scheme. I have been following them for 5 years now but never invested in them cause they are always an illegal entity in the eye of law regardless all the stupid reasons and excuses they can give. I have no sympathy on any of the victims, be it those who lost money for their childrens education or parents dialisis! This is because these investors who invested in that scheme have deep pockets to start with!!! You invest 200k for your child's education in some hopeless company and now claiming no money for your childs education? This has no one else to blame but your own selfishness and greediness. Their claims that now they have lost all their money since BNM raided is pathetic!!! Those who have invested in this scheme are all rich buggers!!! I hope all this people are being thought a good lesson for their actions especially Pat Lu. Last year, I have a friend who boasted about the huge sum of money that he earned from this and he boasted that he can't finish spending the money. Of cause he from time to time will treat us dinners and drinks. I almost joined him but I still think this is a ponzi scheme, so I didn't join him. Honestly, I don't think he lost everything considering the amount he earned throughout these 2 years and still hold the physical gold. |
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Raceroamer
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Oct 4 2012, 02:20 PM
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Getting Started
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QUOTE(loongchai @ Oct 4 2012, 01:35 PM) To determine if your friend did really earn from this scheme or was he just spending his own money, you need to know if he topped up any money after the initial investment. My bet is that most would. Who wouldn't want more income per month? It's true that he still holds his physical gold, but bear in mind that he bought it at a premium of 20% to 30%. Basically you are just paying yourself in the first year. Well, this friend of mine started two years ago with initial investment of 500g then later topped up to 4KG. From time to time, he would show us the cheques, some amounting 20~40K. One might think he was showing off, but we knew he was trying to convince us to join, he is not an agent of Genneva though. I am not sure about his situation now, I did try to contact him yesterday but couldn't get through. Anyway, I don't think I want to call him at this moment, thinking that he might have lots of mess to handle now. For those who pulled out from this investment after completed the contract before the raid, they should have earned. |
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Raceroamer
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Oct 6 2012, 10:56 AM
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Getting Started
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QUOTE(anudora @ Oct 6 2012, 10:52 AM) Wow, nice article. Absolutely superb  +1 Agree. |
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