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 GENNEVA MALAYSIA, some facts.., READ and UNDERSTAND

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jmunchar
post Oct 3 2012, 03:00 PM

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QUOTE(lunchtime @ Oct 3 2012, 02:54 PM)
What's the hoohaa over the Genneva raid? Investors have gold in their hands and gold prices are moving higher and higher as per Genneva's marketing.  cool2.gif
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Ya but they bought the gold at a very high premium.
1. Where can they sell and get back their initial investment amount.
2. Is it real gold.
3. Currently the price is going up but until when? At some point there will definitely be a price correction.
jmunchar
post Oct 3 2012, 03:17 PM

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QUOTE(prophetjul @ Oct 3 2012, 03:01 PM)
Alreadi korrected from $1900 to $1500.........where were you?

BUY!  (Dont quote me*)
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Oh i was around during the correction. Hahaha
Been busy buying.

My point is the may have another correction again. How big a correction is anybody guess.
The issue now is for those that got into genneva. ...
Can they get back their money if they sell their gold in the open market as they bought it at a very high premium.
jmunchar
post Oct 4 2012, 09:36 AM

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http://thestar.com.my/news/story.asp?file=...1008&sec=nation

http://thestar.com.my/news/story.asp?file=...1897&sec=nation
jmunchar
post Oct 7 2012, 09:41 AM

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QUOTE(lalala_lalala @ Oct 7 2012, 09:11 AM)
now confuse d...is there any diff if just sell like that? with the original PAMP packaging?

How is the packaging done for the gold bar from Geneva Malaysia? similar to PAMP?
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If it is a PAMP SUISSE gold bar then most gold shop will accept it as it is a renown brand. Pm me and give the details. Will see if i can help out.
Even if Geneva gold bar, i may be willing to buy it off ur hand.
jmunchar
post Oct 8 2012, 07:34 PM

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Sorry to say..
But did ur friend actually see the gold or just see boxes being brought in?

jmunchar
post Oct 11 2012, 08:53 AM

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QUOTE(prophetjul @ Oct 11 2012, 07:47 AM)
Public Gold.  ThIS.

One should be aware of what they are buying. When the crunch comes and nonone trust
your gold, you are in trouble!

Buy those well known accreditated bullions like Kijang, AGE, Nuggets,
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All public gold products have assayer certification. So it is assured of the purity. Unless fake assayer signature lor.
Btw, this is sort of off topic. Hehe
jmunchar
post Oct 11 2012, 09:17 AM

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QUOTE(gogo2 @ Oct 11 2012, 09:00 AM)
Probably they coated 999 gold on top of 919 gold. The assayer only test the surface mah.
I got only 20g of Public Gold. I still doubt the purity of Public Gold. I believe more on my Pamp Suisse  brows.gif


Added on October 11, 2012, 9:00 am
But PAMP is very expensive like Genneva Gold already and without Hibah  cry.gif
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Like i said...this is off topic.
There is already a thread regarding Public Gold.

As for their purity..Bought a few frm Ar Rahnu auction b4 and melted it to convert to jeweleries. Manage to get the exact grade & weight.
But dont take my words...Use ur own judgments.
If your preference is to Legal tenders coins & international bars then go for it..

But just for argument sake...Pamp Suisse also come with assayer certification. How do we know that it is not coated as well?
(Again..just for discussion sake..not to flame) thumbup.gif
jmunchar
post Oct 11 2012, 01:08 PM

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QUOTE(KentPhan @ Oct 11 2012, 01:03 PM)
Genneva offers warehouse storage andsecurity service for your gold and pay you with 0.5% incentive. They serve you and yet give you money. Won't people see the trick?

How much Genneva is willing to pay me if I let them storing my used broken socks?

I remember few years ago when I just started depositing some gold investment via gold saving account of UOB Singapore. This bank charges yearly management fee. I argue with them and received the explanation of they sell gold with very mild adjustment from spot price. The management fee is the on going fee for admin and storage of the inevsted gold. They need money to rent the storage and secure the gold.

SEE !!! this is a real business sense.

How come Genneva stores and secures the gold for you, and yet pay you. Unlese, Genneva is a thief.
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They do this cuz there is actually nothing to store. Thats why they can "SAY" they will store "YOUR GOLD" & still pay your HEEE...BAH!!!
jmunchar
post Oct 11 2012, 01:58 PM

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Just posted that i am willing to buy their gold bars...see if gonna get banned or not. hehehe

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