auntie, the bear looks like mampos loh, now the company oso mampos liao, i hope u dun need to mampos together lor.
Genneva proven a Ponzi Scheme, BNM says
Genneva proven a Ponzi Scheme, BNM says
|
|
Oct 11 2012, 02:19 AM
|
![]() ![]() ![]() ![]() ![]()
Senior Member
719 posts Joined: Jul 2011 |
auntie, the bear looks like mampos loh, now the company oso mampos liao, i hope u dun need to mampos together lor.
|
|
|
Oct 11 2012, 02:20 AM
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
2,510 posts Joined: Jan 2003 |
Muzik untuk tatapan semasa mereka bersendirian memikirkan masa depan mereka.
|
|
|
Oct 11 2012, 02:21 AM
|
![]() ![]()
Junior Member
121 posts Joined: Jan 2010 |
QUOTE(pandah @ Oct 11 2012, 02:11 AM) but they tell you they not doing investment, not taking deposit, no generating interest, just give hibah as gift. maybe they got the blood gold from slave child miners in africa for dirt cheap price...how no investment can also give return? gold price appreciation and hedging system can achieve they say, lolwut? |
|
|
Oct 11 2012, 02:22 AM
|
![]() ![]()
Junior Member
283 posts Joined: Jun 2009 |
QUOTE(aressandro10 @ Oct 11 2012, 02:07 AM) of course... but the question is what did they do with the capital money....if their other further investment can outrate the interest they agreed with then, no problem....funding kroni A level project for the government for example can achieve that. Imagine that I sell you 8 keping SGD$1 notes for RM25 (SGD$10). I promise to give you SGD$0.20 every month until you want your money back in full.all the gold and stuff are basically a pretty exaggerate supporting document to fool the bank ( read : the sheeps ) for the loans. but it still somewhat sustainable... So in actual fact, I only borrowed SGD$2 from you and willing to pay you SGD$0.20 every month (that's a 10% monthly return, or 120% annualized). The currency fluctuations will give you a similar idea to the fluctuations in the price of gold. Even if the price of gold double each year, it's still a rugi business... (sorry, 2.22am, maths may be wrong) |
|
|
Oct 11 2012, 02:26 AM
|
![]() ![]()
Junior Member
98 posts Joined: Mar 2012 |
|
|
|
Oct 11 2012, 02:40 AM
|
![]() ![]() ![]() ![]()
Senior Member
561 posts Joined: Jun 2009 From: In a Cave |
QUOTE(digitalcode @ Oct 11 2012, 02:22 AM) Imagine that I sell you 8 keping SGD$1 notes for RM25 (SGD$10). I promise to give you SGD$0.20 every month until you want your money back in full. bro... it just imaginary gold,... some investor got the gold is just for show,... if 60.000 investor go claim for their gold, even Genneva really got money to buy it (which they don),...the market can't supply it, .... go figure...So in actual fact, I only borrowed SGD$2 from you and willing to pay you SGD$0.20 every month (that's a 10% monthly return, or 120% annualized). The currency fluctuations will give you a similar idea to the fluctuations in the price of gold. Even if the price of gold double each year, it's still a rugi business... (sorry, 2.22am, maths may be wrong) |
|
|
Oct 11 2012, 02:44 AM
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
2,850 posts Joined: Aug 2006 From: Stellar Nursery |
Malaysians too backward to understand Ponzi
|
|
|
Oct 11 2012, 02:50 AM
|
![]() ![]() ![]() ![]()
Senior Member
653 posts Joined: May 2011 From: SOVIET SARAWAK |
So anyway, how about the one who hold the Genneva gold anyway. Since the Genneva company is call ponzi and will be shutting down soon.
Question. 1. How can the person who hold the Genneva gold get back his cash ? Since the Genneva give you gold for assurance, without the company, how much your gold will worth ? 2. Due to Name strap on the gold bar, wont the gold bar value from the company eventually be bought by goldsmith in a low price. 3. Risk buying a gold from Genneva.. Could be tungsten filled assumed by gold smith.. |
|
|
Oct 11 2012, 02:54 AM
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
6,914 posts Joined: Apr 2007 |
QUOTE(TruthHurts @ Oct 11 2012, 02:50 AM) So anyway, how about the one who hold the Genneva gold anyway. Since the Genneva company is call ponzi and will be shutting down soon. gold bar bought at a premium price. Question. 1. How can the person who hold the Genneva gold get back his cash ? Since the Genneva give you gold for assurance, without the company, how much your gold will worth ? 2. Due to Name strap on the gold bar, wont the gold bar value from the company eventually be bought by goldsmith in a low price. 3. Risk buying a gold from Genneva.. Could be tungsten filled assumed by gold smith.. gold price not that high. still lose |
|
|
Oct 11 2012, 03:01 AM
|
![]() ![]() ![]() ![]()
Senior Member
653 posts Joined: May 2011 From: SOVIET SARAWAK |
|
|
|
Oct 11 2012, 03:06 AM
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
6,914 posts Joined: Apr 2007 |
|
|
|
Oct 11 2012, 03:09 AM
|
![]() ![]() ![]() ![]() ![]()
Senior Member
941 posts Joined: Jul 2010 |
|
|
|
Oct 11 2012, 03:17 AM
|
![]() ![]() ![]() ![]()
Senior Member
653 posts Joined: May 2011 From: SOVIET SARAWAK |
|
|
|
Oct 11 2012, 03:21 AM
|
|
Elite
1,157 posts Joined: Jul 2008 From: Petaling Jaya |
|
|
|
Oct 11 2012, 04:11 AM
|
![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
1,335 posts Joined: Nov 2004 |
i think those ppl who r making most noise r those who borrowed money to invest.... so now owe ah long/bank/relatives 1mil but only have 750k worth of gold at market value...
those who bought the gold with cash... if got physical gold can still sell at a loss... life goes on after a painful lesson |
|
|
Oct 11 2012, 06:41 AM
|
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
12,696 posts Joined: Aug 2008 |
QUOTE(w3er @ Oct 11 2012, 12:02 AM) U know how long already this genneva has been operating? Malaysia is a democracy and you are innocence until proven guilty. The alternative is communism whereby they can straight away put a bullet in your head. So which do you want? You seem to put everything wrong on BN. Yes, they did many thing wrong but surely you can't blame everything on them? I bet you also blame them for your kampung chicken not laying eggs. Grow up.And how many complains have been lodged against them??? The gov, police and BNM, not only went silent mode, but did nothing against them for so long And genneva was growing bigger and bigger each day No thanks to mamaktir and rosmah help |
|
|
Oct 11 2012, 07:26 AM
|
![]()
Junior Member
27 posts Joined: Sep 2008 |
QUOTE(Optiplex330 @ Oct 11 2012, 06:41 AM) Malaysia is a democracy and you are innocence until proven guilty. The alternative is communism whereby they can straight away put a bullet in your head. So which do you want? You seem to put everything wrong on BN. Yes, they did many thing wrong but surely you can't blame everything on them? I bet you also blame them for your kampung chicken not laying eggs. Grow up. chill bro...good morning |
|
|
Oct 11 2012, 07:31 AM
|
![]()
Newbie
13 posts Joined: Dec 2007 |
It's the current scam nowadays.
Government already can sniff this. You all lives in the internet age yet doesn't know squat about whats happening. Read through the world scams and you'll see lots off scam involving gold especially in Europe at the moment. Nothing is easy in life and people will always try to cheat money at every turn... simple rule of life also cannot see.. |
|
|
Oct 11 2012, 07:40 AM
|
![]() ![]()
Junior Member
116 posts Joined: Jul 2011 |
|
|
|
Oct 11 2012, 07:59 AM
|
![]()
Junior Member
25 posts Joined: Feb 2012 |
QUOTE(snetha11 @ Oct 11 2012, 07:40 AM) Added on October 11, 2012, 7:42 amwas listening to BFM earlier today. the agents/customers are still defending genneva Really kena brainwash damn kao. Either that or becoz they earn too much money from this liao. |
| Bump Topic Add ReplyOptions New Topic |
| Change to: | 0.0183sec
0.54
5 queries
GZIP Disabled
Time is now: 11th December 2025 - 06:30 PM |