if i buy a product, then the kompeni say they wan to give me discount im happi to take it and i dun give a damn if the kompeni later bankrupt or raid or burnt or wat.


if a kedai baju cap suka suka give u a discount for the baju, u wouldnt shout and cry and go on tv and writes to najib when the kedai baju cap suka suka shutdown for whatever reasons rite?

problem now is alot suddenly shout and cry and amuk when a shop claim to do simple trading and giving discount is shut, it defies logic. maybe need antropologist and cognitive scientist to help explain abit

http://forum.numyx.com/Thread-genneva-from...rm1million-cash

Good article, and it was linked by someone on the GMS page too asking if it is true.

Genneva: Persatuan Penguna Islam Malaysia (PPIM) said 80 Percent investors are Malays

majority malays?? sure boh.

I dunno about this. It could be true. We don't have the statistics and customer info anyway. We just assume that its majority Chinese since they make the most noise and are the most public face.

haha.. yeah good example..

There ie even an idiotic moron who said that it involved 300,000 people and want to turn it into a national issue. SPINs and SPINNERS.



This post has been edited by Akonn: Nov 1 2012, 05:20 PM

Are you referring to that one who was interviewed on BFM, called the issue a 'national crisis', who's first name starts with 'Pat' and surname is 'Lu'?

wow... what are crisis..... customers get not get 2 percent per month anymore..... how lehh....

hee baa.. hee baa... i want my 2 percent per month... heee baaa....

you are wrong on "Chinese Scam Conspiracy" ...please see bolded RED!

Mahathir is launching "Syariah Compliant" event...so it is to lure the "Malays" to invest.

Remember..Lampeberger!!!
It started with chinese..then indian and finally Malays.

I believe Genneva is running out of Chinese Investors and using "Syariah Compliant" concept to lure the "Malays", since "Bestino" have taken most of "Indian" investors already.

It was said it twice, once at an interview where they met UMNO Youth Khairun and the other on BFM. The name and surname that you mentioned sounds right. (She's such a menace that I can't even make myself talk about her anymore.)

nowadays, "normal" chinese drive proton/myvi la ...

Some confusion and misconceptions about gold prices.

At the Loco London Spot market, you can trade in gold with a spread of USD1 between buying and selling, so something like BUY USD1,711 /oz.: SELL USD1,712/oz. Buy : Sell spread of a fraction of a per cent! And you can have a leverage of 100! Meaning with USD10,000 you can take positions of USD1,000,000 worth !!

Last night:

a. the GOLDBEAM selling price for gold is RM212,000 per KG. (gold bullion price).
b. the PYT Jewellers web site quoted BUY:SELL for bullion at. RM164,162 : RM174,142 / kg.
( spread of about 6%).
c. the STAR biz page - back page- quotes spot price at RM 161 per gm, I.e. RM161,000/kg.
d. mysmartgold of Old KLANG Rd quotes BUY:SELL for bullion at RM162,962 : RM166,463 /kg.
( spread of about 2%).
e. For paper gold at UOB, typiCal spread for 1 KG gold bar is RM1/gm. E.g. BUY : SELL at RM162,000 : RM163,000.
( spread of 0.6 %).

No goldsmith will quote for gold bullion of kg weight at the FGJAM price. It fact, it WUD be at single digit % variance from spot price. Check with Poh Kong and Habib to verify this. Herein lies the fallacy that so many GENNEVA supporters are laboring under - that is that GENNEVA gold bar is only slightly more costly than goldsmiths'. It is in fact a lot more costly!

It is clear that unless one is a professional operator with huge investment funds ( who can then dabble in the Loco London spot market), retail gold investors who have great confidence in the inexorable rise in gold prices would do well to just buy the UOB paper gold, as it has very low spread and is highly liquid - no need to look for best price and reliable buyer when disposing your gold.

As for GENNEVA gold investment, you pay 25% over spot when buying. If the discretionary buy back is declined, you can expect another 10 to 20 % discount to spot, especially for non pedigree gold (i.e. non branded and no cert of origin), so you are staring at a losing spread of 25 + 10 to 20 = 35 to 45%!!!! How long for hibah to cover this?
And what if the gold turns out to be less than 999.9 purity? Or if it is tungsten gold? Or if before you get your gold or your payment for your gold, the company got raided? IT HAPPENED, THE RAID THAT IS!!

Was it a wise move to invest in GENNEVA gold?

This post has been edited by scorpio55: Nov 1 2012, 05:36 PM

haha.. still the famour lampaberger name is being said..

i can still remember the sensible vs pro lampaberger supporter. but they were not so defensive compared to genneva eventhough legal.

Nicely done.

Found this on the GM Neutral Site - GMS vs Bestino

Under the Peaceful Assembly Act 2012, only certain designated spots are allowed for peaceful demonstrations. This mostly include enclosed stadiums like Bukit Jalil or Stadium Merdeka or padangs. Even this one needs prior written permission from the authorities overseeing this venues. Eg. Bersih needed permission from DBKL to gather at Dataran Merdeka. If they say NO means NO or else it is an illegal assembly. In the Bestino's case the area next to PMO was NOT designated as a place for an assembly but luckily the police were not nasty. Furthermore what does GMS mean when they say 'occupy'? Bestino was extremely well organised. Why? because they had solid leaders, transport and logistics. They had purpose, they prepared a memorandum and flyers, they had specific plans to occupy for the night or days, They brought water, food, equipments, tents, candles, maggi mee, and even mosquito coils. They were bent on meeting the PM or his representative. They would not budge unless they got to see the PM or achieve some positive resolution. GMS had nothing, no leader like a headless chicken, going there to sing songs, wave banners and come back, dehydrated and frustrated, achieving nothing and wasted half a day, shy to even say 'OCCUPY'. So dont make me laugh if anyone wants to compare GMS with Bestino.

Andrew would disagree.. he take Genneva Gold Buyer as equal as Property buyer... if developer mati half way the development then every buyer would cry and go on tv too.. that was the last pic he shared on Neutral page... lol

i havent got ban yet , let me post this to the GMS page and prepare for permaban

if Pat Lu not permaban me after i post this confirm she had a crush on me liao

Just sharing



On Thursday, November 1, 2012
> Open Letter to Mazlan Ahmad, Deputy Director, Enforcement Unit, Bank Negara Malaysia
>
> ·
>
> Attention: Tuan Mazlan Ahmad, Enforcement Unit, Bank Negara
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>
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> A senior consultant sent 10 valid and fair questions. He does have some good points and perhaps Bank Negara can answer his questions in their next press statement.
>
>
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> 1. Genneva's business model was adopted by competitors. Why were they not reprimanded?
>
>
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> 2. Genneva business model works and Genneva never failed to pay all monies due since it started in 2010. How can BNM together with PDRM, without fully understanding the business model; raid, freeze the companies account and cart away 200kg of gold and boxes of documents?
>
>
>
> 3. Many allegations were made against Genneva that went through the spectrum of money laundering to illegal deposit taking. However, the business existed for more than 3years and was openly conducted. Her events were even graced by dignitaries. Why didn’t BNM stop or issue a statement to deter these dignitaries from gracing Genneva's events and functions if BNM had their suspicions?
>
> As a consequence, the presence of these dignitaries had an influencing effect on many more of the public who were further drawn into the business, the public that BNM claims to protect. Therefore, was this a trap that BNM set up for the public?
>
>
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> 4. Can Genneva appoint an independent auditor to report on the business model. If it can prove the business to be authentic, will the money, gold and documents be returned? How soon?
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>
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> 5. BNM has continually used the excuse of protecting the interests of the public and customers from dubious business practices but how can they say that when? At the time of the raid:
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>
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> a. Cheques for hibah, sales, gold and other disbursements and were being distributed.
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> b. Customers as well as consultants are standing resolutely behind this business.
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> c. The very people BNM claimed to protect are now anxiously waiting for the return of gold and monies that was taken as a direct action of BNM and not the company.
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>
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> 6. Can BNM release the money and gold belonging to the customers while conducting it’s investigations? By doing so BNM can then actually claim to protect the customers interests. After that, issue a stop business order and let the business owners challenge the order?
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>
>
> 7. If BNM charged that the business is ‘unsustainable’, the business owners must be allowed to challenge the order at an independent location to avoid the bias of the bank’s "executive powers." If the process of challenge is not allowed, BNM may have destroyed an innovative business model which might have contributed to the wealth of many!
>
>
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> 8. BNM must act fast to release the money and gold that they have seized, as this is cash that many use to pay all sort of bills. Already the emotional turmoil is escalating, tensions are rising as individuals stand at the precipice of a financial disaster. Many are unable to receive medical attention and medication; some have critical medical conditions and may even face death. If these tragedies do occur, can BNM be held responsible? The hibah seized by BNM is used for paying such bills.
>
>
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> 9. BNM has consistently projected an "image of accountability" to the public by raiding Genneva. But how can the public be sure that the prosecution is correct if there is no detailed published report for customers of Genneva to examine?
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>
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> 10. It is so easy for BNM to project the image of protecting the public by raiding but the recent action on Genneva was doubtful, and so can customers, and the public conduct an independent audit on BNM on their current actions including other unapproved dealings that may have resulted in losses of within the Malaysian treasury?
>
>
>
> <http://photos-b.ak.fbcdn.net/hphotos-ak-ash4/406778_286196651498233_2036247978_a.jpg>CLICK www.bnm.gov.my and you will see this key statement on its first opening page Welcome to the Central Bank of Malaysia official portal. Selamat datang ke portal rasmi Bank Negara Malaysia:
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>
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> As Malaysia's Central Bank, Bank Negara Malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the Malaysian economy.
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>
>
> Shared at Genneva Malaysia Supporters by Krishnamoorthy Muthaly

This post has been edited by evilspeculator: Nov 1 2012, 06:55 PM

Ai yo yo yo! why make it as an racist issue lah! a tiny view....

Greedy for $ is human's instinct.

We should continue to be greedy for $. Just that, do everything within the law restriction. Otherwise, how to make the economy moves on lah.

So anyone got the scoop on what the Genneva directors spoon-fed to the senior consultants that they have renewed vigor in defending the sham?

I respect your conclusion.

You should stay on and change this thread to be:
1. Talk sense
2. Expert's talks
3. Know the fact