Anybody interested to sell they Genneva Gold bar? I am interested to buy them for my electro plating business.

Same old tactic. If you know the actual inside story and how they operate. I have went through a few of this raided. Count myself lucky to have survive

Love to share, but not in public forum. Hints. I was ask to join the company as director when I was actively trading gold bullion in the market. After learning the whole operation decided to pull out.

You notice also. There is a reason for this. Why want to raid when got only a few millions, cannot cover operation cost and a few other reason not for public consumption.

Yup you got this one right. This are the few loop hole that been exploited. There is a grey area in corporate law. The most the director was liable to is just the paid up capital of the company.

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Added on October 3, 2012, 12:40 amThis is what the company lawyer told me when I was invited to be a director.

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Added on October 3, 2012, 12:45 amThis wayang wayang only, part of SOP.

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Added on October 3, 2012, 1:22 amA bit on history on the Gold Trading in Malaysia.
The so call secret formula in the Gold Trading was create by a person known as "Sifu" in the Gold Bullion industry many year ago back in year 2000.

The person was a restricted resident under our M'sia Emergency Ordinance but release in early 2012 after our EO law was abolish by our home minister, but he still manage to operate many Gold Investment company in Malaysia. He is the mastermind in all the gold companies not only in Malaysia and Singapore but in Asia Pacific including China.

All the companies are run by his so call disciple and he never have his name register in any companies at all. He also have no bank accounts and properties under his name in Malaysia. Basically he is so good that he is almost invisible. The authorities can't charge him or put his to jail because no evidence can be produce in court to charge him.

Our government is well aware of him as many police reports have been made over the pass 10 years involving tan of Gold. So no evidence to charge him like many underworld taiko, just put him away under EO.

I came to know this Sifu went I was actively trading gold bullion and he bring me in as a disciple and teach me his formula and how to be invisible. I was to be appointed as director in one of his company. To keep story short I quit after realizing something is not right.

This post has been edited by aronteh: Oct 3 2012, 01:22 AM

I have his IC No and photograph also. But how does it help you?
I not going to put such info in public forum. I don't want to become an endangered species You know want I mean.
Unless you have some powerful connection.

This post has been edited by aronteh: Oct 3 2012, 01:40 AM

Let me give you a hint. If you sell a product with 20% margin (slightly more due to own mint and branding) and with an annual operating expenditure 40++% including rebate, agent comm, staffs salary and etc.

You trading business will need to generate more than 200% return per annum just to break even from the 20% sales margin.

Of course 20% fix margin per sale assuming no top up upon contract expiry and other parameters to make it simple.

That will be an unimaginable performance and return. I think the world debt crisis can easily fix by our boleh land company.

The formula can only work in a perfect world where gold price are linear and sales grow are linear. Which will never happen in our real world.

When it become unsustainable there is when an exit plan is trigger.

I use to believe that formula works until we reach the pre final chapter of exit plan and reincarnation strategy.

No not exactly. If it is I will be very rich. You should undertand better if you trade spot gold.

You don't get discount from spot market. The only sure way to buy cheap gold is scrap gold.

I will not go into detail, but your assumption is flaw. This is what they normally explain to clients.

If that is true than you can start your gold company already, sure make money. If you have run the actual business you will know where the problem is. Good Luck.

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Precisely.