There is a pretty interesting post with a few hundred comments on lioninvestor's site. The post was about a company called Genneva Gold, which exists in Malaysia and Singapore. The links to the company's website can be found here. In this post, there were a lot of comments that debate on whether this investment is true or not and there were a lot of heated arguments and debates.
In my opinion, Genneva Gold is likely to be a fradulent company. Firstly, the returns does not corresponds with the risk. It seems to be a high return and low risk investment and that is not possible at all. Secondly, the business model of Genneva Gold seems to be unsustainable. Not much is said about how is the profits of the company being generated. Without being profitable, Genneva Gold will not be able to last long.
There were a lot of interesting insights and detailed analysis made by various parties that explains on why Genneva Gold seems to be a scam. The strange thing is that many still choose to believe that Genneva Gold is workable and not a scam. This is where I think that the greed has blinded them and they choose only to look at the good side of things instead stepping back and take a serious look at this investment. Unfortunately, this is also the very same reason why I think that the majority of people are not likely to do well when it comes to the stock market.
16 comments
my heart says this is another scam, it will attract greedy people who are lazy to work or take bisnes risks. the company itself hide a lot of information on their bisnes, directors info, licences, syariah compliance? from who? JAKIM malaysia? Ulama Spore? a lot more question on integrity, honesty.
Plus this company does not have licence from Spore Commodity/Exchange or Msian authorities.
Hi,
People by nature are greedy. So it's not surprising that scams can still be successful.
Kay
Hi,
I am an international physical gold trader that turn into a gold manufacturer. As a gold trader, I make very miserable profit: 0.1% to 0.2% average even the gold price is going up. But as a gold manufacturer, I make 5-8% nett.
I am looking for investors to expand my manufacturing of gold products. Anyone interested?
If you invest in
genneva gold, your maximum risk under the worst scenario is 20%, that is the premium over the market value against the potential return of 24% p.a. Can anyone say this is a high risk investment? If you buy a stock, you would risk 100% of your capital without any promise of any return both under the worst situation. Which do you choose?
Dear All,
i have invested with genneva and now the have given me pysical gold. now i have managed pawn the gold in bank rakyat. What u guys think about this ?
I am investor of Genneva and they actually give me 99.99% real gold in return for the money. Investing in stock market, I have even lost 90% of my investment, here, I'm risking 20-25% of the money that I invest only and gold is an international commodity. The price of gold keeps going up since every country would convert their currency whenever the economy is not stable. The gold price has double in the past 10 years. So why not?
Hi,
Invest in Physical Gold is now as easy as 123…..
1. Buy online @ http://www.goldprice.com.sg at the comfort of your home 24/7
2. Payment by credit card, paypal or bank transfer.
3. Free delivery for purchase of 10g above & within Singapore.
The 1st Singapore Made Lion Head Gold Bar 999.9 Fine gold was featured in Wanbao, Zaobao, Business Times and Channel New Asia last year.
A refferal fee of S$50 will be given (only applicable to 100g gold bar) for every successful purchase online.
Dennis Lim
Gold Trader
No matter what people say or write with a lot of apprehension and caution, Genneva Malaysia Sdn Bhd is still operating and in fact, growing from strength to strength.
How I see Genneva Gold Investment… In a nutshell, it is actually a saving plan similar to placing your savings in Fixed Deposit. Whether the price of gold goes up or down, your capital is protected 100% with 1.5% return every month (for a tenure of 6 months); compared to FD which gives you only 2.85% PER YEAR.
More about Genneva Gold Savings PlanGenneva Gold Savings Plan, read: http://mygoldgoose.wordpress.com/about/
Cheers!
I am an investor. I took the gold to UOB, Taka Jewellery Shop, Pawn Shop and finally 2nd hand gold shop. All of them certified that they are real gold. I increased my purchases after confirming the geniunity of the gold. I know in the worst scenario, I will lose 20%. which is much better than my unit trust and stock and shares. I
worse case scenerio, company wind up u get no money BUT you have the physical gold! unless it becomes a useless metal if not you will lose 20% of your money PROVIDED you sell your gold immediately. you can always keep it till the price goes up which the risk comes in. anyway if you are a true investor then u should know that there is nothing with no risk and only returns. nothing is free in this world. - 2cents worth
it is risky
Just imagine, if one month have 30k sales, after 4 years they need to pay back about 30k interest per month just for existing customers. If no new customer buying, this company will not last more than 4 years. So this company is depend on the increasing of new customer. I think they will quit anytime if their statistic show customers are decreasing. The earlier join will get more benefit. So better do not put all your money there.
Hi,
Gold as much as other commodities, cannot give you passive income. You cannot get fix dividend by buying rice, sugar or salt. But how on earth can they do this? It is simple! Just see how much are they selling compare others (particularly www.nubex.com.my). For the same quality, weight, purity, they are charging something like 25% over spot vs 2.5% if you buy from Nubex. See the article they have about this "scam" at their blog. http://nubexblog.blogspot.com/2011/12/kenapa-masih-tak-reti.html (Bahasa).
Gold prices have rebounded after falling into a bearish trend this week due to dollar strength that increased investor appetite for the US dollar. Gold continue to remain intact and immediate delivery gold rose more than 1% to $1,556.80 gaining near 9% on year.
Thanks
Regards
Stock Tips
terSenyum lebar Mr. James menerima cek bonos yg ke-27 hari...dah balik modal rm200k. Baki bonos ROI 33 hari lagi dlm rm200k untung masuk poket...xblh tahann nih. AKSmartcash terSmart diHati selalu....
smart cash adv trade cpo.plan pasif terbaru 12 dec bermula.power dari mana mana pasif yang ada..Smartcash advance....baik punya. Kemunculan hari lg perlancaran web http://www.aksmartcash.com .0124254637.withdraw maybank/cimb.PROMOSI terSMART 2012 10 BUAH HONDA ACCORD TERBARU.
Rebutlah peluang keemasan utk memiliki sebuah Honda Accord terbaru ( tunai ) bernilai +-rm200k bersama aksmartcash.
Hanya untuk 10 ahli terawal sahaja..
1. Modal rm1050rm dlm tempoh 60 hari dapat rm1890rm
2. Sponser 12%
3. Pairing 12%
4 Matching pairing 25%
5. Matching ROI 60 hari 25%.
Bonus w/draw masuk cimb dan maybank.
Tempah tempat terawal dng hantar maklumat ke inbox saya.
Terima kasih.jutawan740@yahoo.com,pasif terbaru paling lumayan dalam sejarah.0124254637.jum perbanyakkan selawat keatas nabi dan pelihara solat ,perbanyakkan sedekah,sayangi anak yatim dan banyak membaca al quran dan terjemahannya,jadikan anak anta hafiz quran,dan pendakwah hebat mencintai allah dan rasulnya dari dunia yang fana,dan berusaha cari rezeki halal daripada yang haram,dan benci sistem riba.ya allah tempat kan kami dalam syurga tanpa hisab,bebaskan kami dari bebanan hutang,tutupkan aib kami dan maafkan kezaliman kami terhadap mahklukmu,bebaskan kami dari tuntutan makhlukmu kelak dan matikan kami hannya dalam islam.amin ya allah.jum dapatkan alquran digital .
http://www.myqurandigital.com/index.php?ref=jomselawat
http://www.youtube.com/watch?v=973drXYjJw8&feature=colike
http://www.justin.tv/bidayatv?utm_campaign=live_embed_click&utm_source=iframehost-a.iframehost.com#/w/2461004928/11
click live from mekah diatas.link biru.semoga kita cinta allah dan rasullullah yang mulia.ya allah bebaskan kami dari bebanan hutang dan tuntutan makhlukmu di akhirat kelak.masuk syurga tanpa hisab dan keredaan allah diperolehi aminn.matikan kami hannya dalam islam.
Post a Comment