GENNEVA MALAYSIA, some facts.., READ and UNDERSTAND
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 Mar 14 2012, 03:11 PM
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#1
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Junior Member
157 posts Joined: Feb 2012 From: Kuala Lumpur  
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1. If the model is so great, why can't goldsmith like P** promises the same?
2. If the return is so great, EPF return of 6% is laughable. Why didn't EPF just put money into it's model? 3. If you can't rent, can't grow or can't utilize the gold, where does the 2% profits generated? 4. If they profits from buying alot of gold at low prices, why can't they deliver the stock immediately? |
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Mar 20 2012, 12:24 PM
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#2
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Junior Member
157 posts Joined: Feb 2012 From: Kuala Lumpur
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QUOTE(eddylee @ Mar 19 2012, 10:56 PM) http://www.bnm.gov.my/microsites/fraudalert/0301_status.htm I pity those who were cought in the mess. Geneva is a Sdn Bhd and chances of getting the money back are next to none. please check this web geneva malaysia sdn bhd still under investigation by bank negara malaysia at 2012. those bosses still attend to the court till today 2012 just don't know when the bnm will freeze the asset. and all member can't get any return.  It is always the case when anybody who posted about the greatness of Geneva, they dissappear. I wonder where is our mr.roycechuah now? |
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Mar 20 2012, 04:29 PM
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#3
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Junior Member
157 posts Joined: Feb 2012 From: Kuala Lumpur
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QUOTE(Bobby C @ Mar 20 2012, 01:11 PM) Received the following email and attachment some time ago. Think just do the community a small favour by copy and paste. First time heard abt this company. Before that some friend mentioned some 'good' company selling gold in Old Klang wor. In the heart think think not again, sound very like typical BS marketing co. Rather buy Maple leaf or Kangaroo gold. Even Kijal standard wonder any devaluation or acceptable world wide. Item 3 is really a slap in the face. Firstly, in Malaysia, gold spread at any goldsmith is 25%. Add that to the premium the investors bought, that makes a double blows. For those who managed to keep the gold, the best way now is to keep it. Otherwise, smelt it and make a jewelry out from it. The next time people asked about your nice braclet, you can share the sorrow story behind its glory. Hi Kindly find attached herewith, an advertisement by Genneva Malaysia Sdn Bhd in Nanyang Chinese Paper dated 27th Feb 2012 for your attention. Do take note of the followings should you still want to 'invest' with this company. 1. Company not licensed to take deposits under the Banking and Financial Institution Act 1989 2. Just a company to conduct scheduled business in Factoring and Leasing. A company dealing in buying and selling of gold products. [  3. No buy back guarantee to repurchase of the gold products sold to its purchases4. You bear the risks arising from or connected with such purchase. Rgd |
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Mar 22 2012, 10:30 PM
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#4
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Junior Member
157 posts Joined: Feb 2012 From: Kuala Lumpur
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well said eddiv3dd3r, well said.
those who are in it HAS to continue to believe in Genneva. after it all, they have poured in their money as well. to date, i have yet to see anybody from genneva able to explains the high return of 2%. the first large scale ponzi scheme by mr.ponzi started off by trading food stamps and coupons. hey, it was just some stamps and so many people went into it. if mr.ponzi were able to dent the market so hard, think about what genneva can do with gold. the fundamentals are the same - illogical returns in a short period of time, the needs of recruitment and some fella telling everybody else are stupid because their scheme are bullet proof and superior. |
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Mar 23 2012, 10:08 AM
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#5
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Junior Member
157 posts Joined: Feb 2012 From: Kuala Lumpur
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QUOTE(eddiv3dd3r @ Mar 23 2012, 10:04 AM) YOU BUY GOLD FROM RETAILER IF YOU ARE BUYING A NECKLACE OR A BROOCH FOR YOUR WIFE OR GIRLFRIEND, OR SMALL PIECES OF GOLD LEAF 5 OR 10 OR 20 GMS. AND THE RETAIL PRICE IS AS PER THE FGJAM SET PRICE. FOR THESE SMALL ITEMS, THE MARK UP IS PROBABLY JUSTIFIABLE. NEVER NEVER PAY RETAIL PRICE FOR GOLD BULLION INVESTMENT. IS IT WARREN BUFFET WHO TAUGHT US INVESTMENT RULE NO. ONE : “NEVER PAY RETAIL”?? HAHAHA, GOOD ONE!!! I WILL START A NEW INVESTMENT SCHEME WITH A BETTER PRODUCT, NAMELY TERRACE HOUSES IN BANDAR UTAMA., P J. THE MARKET PRICE FOR A UNIT IS RM1M. YOU PAY ME RM1.25M. AND I WILL DELIVER YOU A HOUSE. I WILL ALSO PAY YOU HIBAH AT 3 % PER MTH FOR 3 MTHS. I WILL MAKE “DISCRETIONARY” BUY BACK FROM YOU AT RM1.25M AT END OF 3 MTHS. HOUSE IS BETTER THAN GOLD AS YOU CAN GET RENTAL INCOME WHEREAS GOLD PAYS NO INTEREST AND GOT SECURITY PROBLEM WITH STORAGE. IF I ELECT NOT TO BUY BACK FROM YOU AFTER 3 MTHS, NO PROBLEM TO YOU AS YOU CAN WAIT FOR PRICE TO GO UP TO RM1.25M, WHICH IT SURELY WOULD, TO GET BACK YOUR ORIGINAL CAPITAL!!! INTERESTED? That summed eerything. any other takers out there??? So the interested investors, do you all see & understand the issue here? Don't be blinded for god sake...  Added on March 23, 2012, 10:12 am Micheal Maloney: The House Always Wins He detailed about precious metals scams and traps in this short 3 minutes clip. This post has been edited by kh8188: Mar 23 2012, 10:12 AM |
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Mar 24 2012, 12:01 PM
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#6
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Junior Member
157 posts Joined: Feb 2012 From: Kuala Lumpur
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QUOTE(soundsyst64 @ Mar 23 2012, 12:40 PM) Is this consider as retail price? You cant compete the pricing from a primary source to a secondary source. Consider the amount of overhead they have - the storage, the security, the clerks, the aircond, the renovations and the whole lot more. FB sellers have almost zero to low overhead.http://www1.uob.com.my/jsp/finance/fin_gold.jsp?func=gold UOB sells 1g pamp suisse sells around RM 300++. i bought from gold sellerin FB @ RM 210++  |
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Apr 17 2012, 11:54 AM
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#7
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Junior Member
157 posts Joined: Feb 2012 From: Kuala Lumpur
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QUOTE(ccslink @ Apr 14 2012, 02:51 PM) Can anybody share how the Hibah works in this Genneva scheme pls? In short, you buy gold from them at a high mark-up (about 24%). They will in return pay you 2% every month as hibah. On where does the hibah originated from, this is for you to ask Genneva. All the best in your gold investment. Cheers. |
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May 9 2012, 12:14 AM
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#8
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Junior Member
157 posts Joined: Feb 2012 From: Kuala Lumpur
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It is really about who had the last musical chair. Those who did not grab one before the music stops is to suffer.
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