Genneva Malaysia V3, Raided on 1st Oct 2012.
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 Nov 1 2012, 10:34 PM
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#1
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Senior Member
814 posts Joined: May 2011 
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Can Geneva be classified as a true gold trader?
Normal process of buying and selling, I pay rm200 I get gold and I go home and put in my safe From what I read customer pay rm200 and get a cert after a while they get the gold sounds like a option style trading |
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Nov 5 2012, 10:08 AM
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#2
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Senior Member
814 posts Joined: May 2011
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doubt any minister of parliment would take up the offer
being in bed with GM now is a political liability. Especially since the elections are so near now |
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Nov 6 2012, 09:30 AM
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#3
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Senior Member
814 posts Joined: May 2011
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If the tea lady sells the scheme to a fellow tea lady's and promise guaranteed returns, guaranteed buy backs not in line with the company guidelines. The tea lady can be charged too
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Nov 26 2012, 03:42 PM
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#4
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Senior Member
814 posts Joined: May 2011
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mahathir speaks up on the issue
http://www.themalaysianinsider.com/malaysi...tors-says-dr-m/ This post has been edited by sam sam: Nov 26 2012, 03:42 PM |
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Dec 4 2012, 08:37 AM
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#5
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Senior Member
814 posts Joined: May 2011
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Dec 20 2012, 08:12 AM
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#6
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Senior Member
814 posts Joined: May 2011
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http://www.themalaysianinsider.com/busines...-bull-run-over/
General news about gold Hopefully readers of Geneva will wake up |
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Dec 20 2012, 12:49 PM
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#7
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814 posts Joined: May 2011
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QUOTE(terry8 @ Dec 20 2012, 12:13 PM) Look most of them are not holding gold coz they keep them in GM for extra Hibah. This is not gold trading primarily - it is a PONZI scheme using gold as the "trading object" - every PONZI schemes has a trading object eg stamps, law suits claims etc etc but the main point is that it used as an excuse to pay huge interests and attract more investors until it collapses. Most of GM investors got no gold in hand Generally over the years gold has been doing relative fine. BUt now with news like this, really shows that gold is not as profitable as 36 percent hopefully more people will realize something is up with genneva and start speaking up about genneva |
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Dec 22 2012, 04:40 AM
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#8
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Senior Member
814 posts Joined: May 2011
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Don't forget take action v get laugh by the entire world,suing the central bank.
Ringgit devalues because foreigners short the ringgit because central bank image and authority is in question |
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Dec 22 2012, 06:40 AM
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#9
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Senior Member
814 posts Joined: May 2011
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That is true but so would prices of other goods increase
Basically the purchasing power reduces a fair bit |
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Jan 3 2013, 07:18 AM
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#10
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Senior Member
814 posts Joined: May 2011
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more news on the topic
http://www.theedgemalaysia.com/highlights/...ets-rm111m.html looks bad. i think if your gold is seized likely you will get back 8 cents on a dollar |
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