I am here just for some facts to share:

First of all, Genneva welcome everyone to test out their gold collected as personally i tested so many pieces including recent ones.. I wish i can find one which is fake or “not so real”, coz i thinking that way i can earn more money as Genneva Malaysia will be willingly pay me a big chunk of money to cover the story. But until now i bought so many bars and cant find any fake ones. Even the Assay company director asked no need to spend anymore money testing my gold. Haha.. Because he knows if Genneva Malaysia Give out any Fake gold, tomorrow it will came out in newspaper and no more in operation.

Never thought that Genneva was selling Fakes...

Secondly, to whom that says Genneva Malaysia selling gold at mark up or over priced, then you must be saying dont buy any gold from All the gold smitch shop in town as they are selling at same market price as Genneva. Bare in mind, Genneva Malaysia is also a retailer selling gold at much much much lower opoeration cost then any other ppl out there. One office in each state of Malaysia we can sell 3Billions worth of gold, ask yourself, do other gold smitch shop sells such a n amount of gold?? NO

You are selling Gold BARS using jewellery prices ie 25% markup......YES i tell people
NEVER to buy bars at jewelers cos you would be SUCKERS to do that.
Same with genneva.....only SUCKERS buy gold bars at 25% above spot prices
Therefore buying from Genneva is only for SUCKERS

When you like to compare buying gold from Genneva Malaysia and from bank, then you always have an option to buy from bank as their price is much lower. Buy and wait for appreciation and sell back. Earn your money. But today, Genneva Malaysia sells at retailer’s price, people cannot accept. I dont understand. I am a big buyer in Genneva, i have check my price with gold smitch out there.. especially the gold smitch starts with P**. I dont think i am so stupid buying from Genneva as with the same price,i got 2% in average a month from them. Even one day they decided not to pay Hibah anymore, i am not at the loosing end. I have my Gold Bar.

i think you are stupid to pay jewellers price. A gold bar is NOT jewellery.
If you dont understand read the above again

You see, ppl always asked a stupid question, how Genneva Malaysia Sustain their business by giving out hibah. With all the money collected from customers, do you really think 2% a month is a lot??? Example: if you start up a business at 100k capital, if you only can make 2% a month, which is 2k, do you think you still wanna run the business? Your workers probably will be more happy coz their salary could be 1k or 2k and above. With 3Billions ringgit that they collected, they can roll at anything they want, definately one month can earn more than 2 or 3% profit. Some of my friends dont plan even to invest in Genneva because to them 2 or 3% is just way too low profit that they can make. I just dun understand why ppl out there thinks it is a lot.. haha.. Probably they never see how much money ppl can make with capital in hand.

Only stupid people think so. Genneva collect the money UPFRONT. They dont need much capital.
They use other people's money to roll. The more the merrier.
So if its not your money, 2% per month returns is OBSCENE

Thirdly, Genneva SDN BHD use to run as a china man company. They take in cash at any amount and Genneva give out Gold to customer. They will never know the source of money came from. It is so easy to launder money by buying some gold from Genneva as when contracts ends, just sell back and get all your money back and it is clean money. Now company is governed by AMLA, to prevent this thing from happening. Genneva can take only cash up to 10k and rest are all cheque.

Genneva SDN BHD and Genneva Malaysia SDN BHD are totally different company. They have totally different directors and shareholders. DO YOUR SSM check before you start saying a word. Yes, the people behind are the same, but what is the outcome of the court case for money laundering? NOTHING.. they can find nothing that the directors did wrong.. In court, you are guilty unless proven innocent, so no choice but to start a new company by the name of GENNEVA MALAYSIA SDN BHD.

Fourthly, ask yourself, if one day Genneva Malaysia decided to put a clause “Guarantee buy back”, will u think that, OK now it is safe to buy from Genneva malaysia as they will guarantee buy back their gold? I would say stupid ppl only will think that way. Tell you why, “Guarantee buy back” clause doesnt mean anything, they will never also tell you how much they will buy back. CAN THEY BUY BACK AT 100/g? Yes they can. Now do you really think that that clause makes any differences?
NO.....

Exactly. Genneva do Not care too much about the buyback since Gold is HOT, they arent
expecting customers to sell back . Afterall the promo is LONGTERM. Why sellback?

Genneva Malaysia sells gold at retailer’s market price and customer get the gold they buy. Actually by doing this, no one is owing anyone money. Hibah is discretionary means they will pay to customers so long that they wanna run the business as this is their business model. If one day they decided not to pay anymore Hibah, do you think they will still get business? NO... So simple as one day they still wanna run their business, they will pay Hibah. Even if one day they decided to close shop, there is nothing wrong with that also. As you get your gold and they get the money. Deal ENDS. Whats the problem? Keep the gold and wait for appreciation and sell outside la. Greed is the only thing that ppl have that is ruing their life. Who asked you to mortgage your house or take a personal loan to buy gold from Genneva Malaysia? Just put in some of your savings to buy gold and get the hibah. Not taking personal loan to earn more interest then the one you are paying.

The problem?  Genneva just suckered customers with higher premiums over spot....only
sucker customers dont see this. They are only interested in the Hibah

If anyone can find one piece of GOLD from Genneva Malaysia That is fake, i can buy from you with original price and bring back to Genneva Malaysia to claim because i know i can make more money that you do.. just blackmail Genneva say you will go to the press, they will pay you tons to money just to cover your mouth. Because if it really happens, that’s it for the company...

If you ask me will the company close down? Yes it will.. even the directors of Genneva malaysia will tell you that.. but when? 20 years later? 5 months later? Every company can close down come on.. Dont be foolish. But eventually you still holds the piece of Gold wafer certified and tested by ASSAY company to be 999.9 GOLD, you can always liquid it with immediate cash,  with a small percentage taken away. BUT who ask you to liquid it immediately? Wait for gold price to go up and sell.. 10 years ago, per gram is only RM30 and now in 2012 is RM200/g, what do you think 5 years down the road will be.....


When the company closes down, gold prices will probably have dived.
At that time, those customers holding the bars will have limited outlets to sell.
One outlet is the jewellers that you mentioned.
Guess what? They will have to take another haircut of maybe 30% to be able to sell....

U see, we all understand it came with risk..
But if you can absorb the risk, I dun see any problem buying as you give them money and they give you gold..
Tested by assay company.. 100% 999.9 pure gold.. Every single piece I bought..

Datin paduka Rosmah won't be attending a scam company's event.. Bare in mind she is the wife to prime minister..

Again, everything come with risk.. Nothing is without risk.. Just the matter whether you can absorb the risk or not..

Genneva is also in Singapore, Hong Kong and China.  If its a scam its probably going to be like Malaysia's Enron.  Where its like making people so much money until it blows up and then becomes a worthless stock.  It will be in the news all over the world!

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.

NEVER NEVER PAY RETAIL PRICE FOR GOLD BULLION INVESTMENT.

Is this consider as retail price?
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++

I know that. The reason i buy grams is because of extreme low budget ^^;

well, since you are talking about gold only, why cant you buy from goldsmith? Why genneva? Since everyone would be selling more or less the same price.

Then you will be saying because Genneva has hibah, mubah, lanbah, whatever system it is call as it gives out dividend every month.

So, why does Genneva ask you to buy +25% gold price? You think they want to earn the difference profit or what?
Why do you let genneva earns the 25% difference? Are we not looking to buy cheaper gold with the same amount of gold?

Enlighten me please, me dont know gold investment. Im just curious.

Bro ProphetJul,

"You can't help people who INTENTIONALLY wants to get rich SUDDENLY"
+ "A fool and his money are soon parted" (BTW, i'm still wondering how a fool got the $ in the first place  )
+ "There's a sucker born every minute" (imagine the exponential numbers with current world population! )

Sometimes no point in trying to logic things out with some people, especially when all the facts/statistics/cow-sense are already stated.
Time will tell whether their perspective/reality is true or not.

Just a thought 

There's a sucker born every minute

Since you have bought and how much are you getting now??? NOTHING  because it's sitting in your safe waiting for the price to go up. What if it doesn't and what if the price drops???
How much premium did you pay when you bought the gold bar??? Don't tell me it is at spot price.

When the price goes up and you sell, how much discount will the gold smith shop deduct from spot price??? If the price drops, worst for you. It is between 20-25% off the spot price.

In Genneva, it is savings, it is not investment. If you pay a premium for it, you get paid an interest on the premium amount every month. When you sell back to Genneva, you get back the fixed price you first paid when you buy. So u just earn an interest each month from the time you buy to the time when you decide to sell back to Genneva. So u don't lose on your original price you paid for the gold bar.

It is just a savings account secured by gold. Just like when you put in your money in the bank, you get a bank book and you get interests per year at say 3.5%. When you want to withdraw, you just take out your original amount you put in. That's in a nutshell.

POINT 2.
Say the gold spot price is now RM150 per gm. Goldsmith spot price will be say RM180/gm, that is RM18,000 for 100 gm. Say Genneva rate is RM200 per gm. Therefore if you buy a 100 gm, it will cost you RM20,000 at Genneva's rate.

So pls put into your own savings account RM18,000 and pay yourself 2% each month. If I were to put RM20,000 in Genneva, Genneva will pay me 2% each month. I get additional RM400 each month not out of my own pocket. But you are paying yourself. Who's the fool??Very shallow analysis with no substance. Work out cash inflow and cash outflow. Any increase in your inflow??It is that simple. Tsk tsk tsk.........

Argument ends. Bye bye.

They say the so-called hibah is you pay yourself. Do an inflow and outflow mental calculation, and you know they are so shallow in your thoughts.

I'll show you a simple calculation:

I buy gold from Genneva say RM20k for a 100gm Gold bar. My cost layout is RM20k. I earn 2% per month, that is RM400/month. Contract is 3 months so in total i earn RM400x 3 months=RM1,200. End of 3rd month i sell back to Genneva at RM20k. So total earnings is RM1,200 in 3 months. Since my outlay is RM20k and when i sell i get back RM20k, that is even. My net is RM1,200 paid by Genneva. If you can't get this arithmetic right, please go back to primary school!!! How did you come to the conclusion that i paid myself???    that is your arithmetic teacher getting angry with you!!

how do they end this bisnez in the event all customers returned back the gold for buy back at purchased price... food for thought... 

they will do fine as long as there r new customers coming in & the gold price keeps escalating...

when the gold price drops to 1520, they offered 3% to bring more sales, the queue is incredible...

Most people don't THINK.. due to greed or pure stupidity.

Occam's Razor - follow the money,
IF it doesn't make sense on how the investment can AFFORD to pay out to investor +make $ +cover cost of operations... something's not kosher.

hehe off-topic a bit ar mods
Bruce Lee taught me to "take what works, drop what doesn't" - who cares whether its Jew's, Aborigine's, Afrikaan's, Chinese, etc.

Back to topic
True mar - how does Genneva makes / gets the $ to pay investors such returns %?
Would-be investors just need to do the most simplest and thus, most probable (Occam & his razor ) - follow the money trail

Coz either:
a. Most people ("them") follow greed/fear INSTEAD of listing down in Excel or paper, and analyzing for 3 to 5 years+ impact 
OR
b. People like U and i aren't as enlightened as "them" to these kind of NEW investment SCHEMES. Hey, paradigm shift U know (if ever there was an over used cliche.. "Paradigm Shift") 

Only old man time will know the truth.

Yes ... I heard about this from my agent yesterday. He said 3 percent hibah for 6 months . Minimum 50 grams .
.