Who can answer these questions
Especially Question 3.

Well said, this is exactly what i told a "genneva" salesman who approached me. He try to scam me by saying 2% return per month.

He, obviously has been brain washed liau, even don't know how to buy gold at much lower price and sell it at higher price (aka buy low sell high).

Nah, I'm lazy to enlighten him, since he worshiping genneva blindly.
Maybe he knew it, maybe he just pretending in order to earn commission, this is very common.

If this is true, buyer is paying extra 20% to get the 6% discount in 3months. That means (20-6)=14% goto genneva.
But genneva present it very nicely, by just focus on 2% per month, very smart indeed.

After 3 months, if buyer want to continue, he/she have to pay again and than kena slap one more time, another 14% lost.

The figure might not be correct fully, if anyone can chime in to correct me the figures that will be great.

lol

Obviously they can't fight BNM, thats why they are fighting here @LYN .

They can't explained why the BNM Warning/Ads at major newspapers.
They can't explained why their gold is way overpriced.
....

This post has been edited by bolehlah: Aug 14 2012, 07:15 PM

Exactly!

While claiming they are just gold trader, their agents keep talking the 2% thingy. Good strategy erhhh.
Should have recorded their voice to share with everyone.

This GM mastermind is really good at manipulating the crowd and media. Some media fully participating their side of story rather than to report on the ponzi-scheme characteristic of GM. Very very seldom to see a company has such a power, and yet GM management don't need to show face at all. See who is being interviewed by BFM? The investors only. There is a very STRONG hand behind GM, don;t believe?

At this stage, who has evidence to prove that GM have enough physical gold at the BNM raid? None. But the pro-GM camp still imply that BNM might taken all the physical gold.

My question for those who pro-GM, do you accept IF GM sell investor's gold multiple times? The fact is since many investors deposit their gold in order to earn the interest, GM has huge amount of physical gold at hand to play with. Well, we all know what happen when human greedy. They sell the gold again and again, all the investor receive low interest and a worthless contract, they can run the show pretty long time if without BNM intervention.