I've just started taking an interest in gold as I plan to diversify my investment portfolio. I see on the MBB page that the price is now RM145/gm. Is this a good time to invest in gold?
Gold Investment Corner V8, All About Gold
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 Jun 16 2015, 02:24 PM
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May 15 2017, 09:12 AM
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#2
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Hey folks, need some advice. I was talking to my mother last night and she told me my aunt invested in some gold recently. I didn't get the name of the company doing this but I will check more on this later. This gold investment scheme doesn't offer physical gold. It's more like price increase, the profit is banked directly to the investor's account. I am a bit sceptical about this. As far as I know, gold investors will get physical gold isn't?
She said my aunt has invested 25k on this gold and has received profit of 4k. Not sure how long is the investment but don't think it was that long ago, maybe 1-3 mths. Not sure if this is accumulative amount over the period of investment or if she has striked it big one time. My mom also invested 2k and she said has received about RM100++ profit. I told her to be careful before making any investment as she sounded very excited. So my question - Does this sound legit? I will try to find out name of company. |
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May 16 2017, 08:36 AM
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QUOTE(zodd @ May 15 2017, 11:32 PM) When your aunt received the 4K profit, is it after she got back the 25k she invested earlier? If not, u can't really call it a profit but much likely a Ponzi scheme. Same goes to ur mom. Better check fast. I am not sure about that, have asked but no reply yet   Found out that the company name is Dinardirham. Their website stated that it is a platform to buy digital currency, backed by gold. There was an article early this year in Star and in the article, it was stated that the website said "DinarDirham is not an investment scheme, a Ponzi or a gold buy-back scheme" This post has been edited by honkkydorry: May 16 2017, 08:37 AM |
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May 16 2017, 10:18 AM
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QUOTE(demetry @ May 16 2017, 10:04 AM) buy digital currency backed by gold? lolololol wtf ask bitcoin forummers also have no idea such scheme. The investors get about 10% every month. The more invested, the higher the bonus (of course la kan...)Anyway, I think I won't interfere further on my aunt's investment since she seems very convinced it is legit...telling me Dinardirham HQ is in HK and has worldwide offices. Very hard to persuade her otherwise. I just tell her not to put all her savings into this investment. This post has been edited by honkkydorry: May 16 2017, 10:19 AM |
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May 16 2017, 03:25 PM
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QUOTE(wengherng @ May 16 2017, 02:26 PM) I'm invested in digital currencies (cryptocurrencies) like Bitcoin, Ether and Monero. I have no idea if they invested with the real Dinardirham or some scam company bearing the same name. Latest info that I managed to dig out - I am being told it is a trading platform base on gold prices every day. IF price of gold go up, company will pay the profit into the investors' account. If price goes down, then investors top up. Aunt has invested since 4 mths ago - earned abut 2.5k per month, and apparently gold prices have been up lately. I am not a gold investor so I wouldn't know true or not I've never heard of this Dinardirham before, so I did a quick check. It seems that Dinardirham (assuming that your aunt and mom invested in the actual company and not some other scam company of the same name) is a legit company which had rolled out its own digital currency called Dinar Coin around August 2016. I then checked and found that there is a coin called E-Dinar Coin being traded on several online exchanges (but I didn't bother to find out whether this E-Dinar Coin and DinarCoin are the same or not). In any case, it seems that it is a very low liquidity and low market capitalisation token, with about USD 5.4 million market cap worldwide (by comparison, Bitcoin is around USD 28 billion market cap). I personally wouldn't invest in it, especially since it says it is inherently tied to the spot price of gold......but in terms of legitimacy alone, it seems that it is legit. However, again, this is assuming that your aunt and mom invested in the actual company, not another Ponzi company. Any company that "promises" any percentage of profit, is undoubtedly a scam. https://www.pressreader.com/malaysia/the-st...281547995578437 https://cointelegraph.com/news/bitcoin-and-...ys-game-changer https://coinmarketcap.com/currencies/e-dinar-coin/#charts  |
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May 17 2017, 08:04 AM
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#6
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QUOTE(icemanfx @ May 17 2017, 12:25 AM) You seems to be a promoter/agent of this ponzi scheme. Haha, if you think I am here to scam people into investing in this, you are wrong. I never even heard of Dinardirham until I asked my aunt the name of the company she invested gold in. Didn't even know my mom invested in this too until I spoke to her 2 nights ago. I am posting here to find out if this thing is legit, even though deep in my heart I kinda knew the answer. I am a low risk investor...my only form of investment right now is ASNB and unit trust. But thanks la bro for thinking that I am so convincing that I can be a Ponzi scheme promoter.  This post has been edited by honkkydorry: May 17 2017, 08:10 AM |
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May 19 2017, 03:58 PM
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QUOTE(devilkid84 @ May 18 2017, 05:42 PM) con9lan7firm is ponzi scheme... another JJPTR... LOL I dont know how to convince them otherwise, I can only pray they know when to stop...my aunt, i mean This post has been edited by honkkydorry: May 19 2017, 03:59 PM |
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May 20 2017, 11:10 PM
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QUOTE(zodd @ May 20 2017, 02:57 AM) Open this link and show her Bank Negara Financial Consumer Alert list Thanks bro, this is very helpful. Will share with family.The Dinar Dirham at no 59 in the alert list |
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Dec 26 2017, 02:38 PM
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Can anyone advise a good savings plan that gives a decent return on investment, say e.g. min 4% and allows me to top up on a monthly basis. I already have unit trusts investment and all my monthly savings are with ASx. I am starting to think I should diversify a bit to minimise risk of putting all eggs in one basket even though it will be hard to beat ASx dividend of min 6% especially since I am not a risk taker.
Is gold savings e.g. Maybank Gold Investment Account a good alternative? This post has been edited by honkkydorry: Dec 26 2017, 02:39 PM |
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