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> Genneva proven a Ponzi Scheme, BNM says

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SUSslimey
post Oct 11 2012, 02:54 AM


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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.

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.. hmm.gif
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gold bar bought at a premium price.
gold price not that high. still lose
SUSslimey
post Oct 11 2012, 03:06 AM


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QUOTE(TruthHurts @ Oct 11 2012, 03:01 AM)
Its not about the price .. Its about reselling it. Even there is a market price for gold, the person who wants to buy it will want it for a lower price compare to the market.
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so? resell then. still lose. same thing
SUSslimey
post Oct 11 2012, 02:22 PM


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