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Friday, April 8, 2011

Genneva Malaysia Gold

Is Samudra GV Sdn Bhd related to Samudra GV gold or Genneva Malaysia Sdn Bhd?

I heard Shariah Compliance has been granted to Geneva Malaysia gold, really?

40 comments:

  1. Everybody better be careful.

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  2. dividend is worse than the growing value of golds and the price is expensive.

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  3. the price is expensive because its a solid 999 gold..not a regular gold in the market which is 916..

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  4. The geneva malaysia is not operated bz BNM block n case is pending at court

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  5. they paying 2% per month . they charged you 25% higher than the market price. do the maths

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    1. what about the risk during the transition period when we have return our gold and while waiting for our capital to be return to us and the company close down?

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    2. For the senario that you have just illustrated. It actually happend before to one of my close friends. But thank goodness he did not return the gold just yet when the company folded. Thus, in a year time, due to gold price increase he earned back that 25% that he lost. While taking this into consideration, it seriously IS! very risky but still many have succeeded and made billions out of this. What i would say is, when you plan to invest on such high return investments, these are some of the uncontrollable risks you will have to face. If you cant bear the risk of losing then it is better for you not to think about such investments. Its really gambling with faith. But when at least, this company had links with CIMB bankings and lately, it seems true that it is being taken over by out prime minister's cousin or something like that. So, there are still risk but i'd say its better than share market lol.

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    3. When was this happened?

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    4. Genneva Happy CustomerJuly 10, 2012 at 4:05 PM

      Bottom line is you guys are still struggling to make ends meet while I am enjoying 24% returns of my gold purchase while keeping my gold as collateral. So say what you want with regard to Genneva Malaysia. For the past 3 years it has not failed to pay all that it promised so you guys go figure if you want to be continuously robbed by the bank who is paying you a "hefty" 3.8% per year.

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    5. Anonymous January 22, 2012 8:00 PM
      Yes they pay me 2% per mth for 3 mths contract while I pay 25% higher for a 999.99 gold to them. After the 3 mths contract I sell back with 100% returns while I still make 2% for each month (3mths. Who would give me this money; Bank? In any business, there are always risk. Tell me which business do not have risk factors?

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  6. i have juz bought the GOld , any suggestion for me?

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    Replies
    1. Start praying hard that u get your investment back LOL !!

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  7. i just purchased from Genneva Malaysia Sdn Bhd too... feeling a little at high risk here..

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  8. so u need to wait at least 1yr to get your 24% back, coz u pay more that 25% worth for the gold

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    Replies
    1. Not really. Because you will be returning back the gold to Genneva at your purchase price. During the year, you probably have made 24% already.

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    2. It would be safer if you get the gold tested.

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    3. where to test the gold.

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    4. pawn shop lah

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  9. I tot before you bought the gold.. you can always bring it to any gold shop to test the gold. That was done by a lot of my friends and my sister who bought the gold from geneva. No transaction was done before it is confirmed. They have been doing that for 2 years now.

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  10. I got 200K of gold from EPF u suckers get ponzied and scared i have my gold there for 3 years already since its samudra GV still nothing happened and i have doubled my money too bad for u guys who think its high risked..

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    Replies
    1. Happy that you are making money thus far which I tell people wherever a chance to make money you go in but don't indulge too much too long in something that is too good. At the moment you are safe, for how long, no one knows. Many investigations and court hearings of this company are still pending. Good luck.

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  11. It depends on what u want in return.. No pain no gain. If u really want to invest, u have to take the risks.

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  12. do your maths..... high return, high risk..... why worry at the end of the day u gain.....u guys should consider buying it... no regret... i just did.

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  13. I am planning to but it after been approached by my friend who is selling it..while the risk is high the returns are good compared to buying the gold and living it in the bank...

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    Replies
    1. Its ok to go in and make quick money without staying too long. e.g. 3 mths. However the problem is, people always stay longer after getting the interest because when it is too pretty, they want to continue and that makes all the difference in terms of the level of risk.

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  14. I really hope people are cautious when they make investment like this. I have been in investments in all kinds of products in the markets over a few countries and the moment I heard this Geneva Gold the very first time I already knew there's something not right about this company. There's no such investment in the world that guarantees capital, interest of 25% and the pure physical gold with authentication cert. You want higher return you face the higher risk without any guarantee. At the moment it's so big in East Malaysia some customers invested all their life savings into this unrealistic investment. It's ok to go in short term then run. But sooner or later, the later groups will be the victims. The strategy (option)behind this investment is not something normal investors can understand. Most investors easily believe the legal paperwork without understanding what is been written in there just as much as they see the guaranteed interest without understanding the premium they pay and the meaning of fraud. Just be careful with your hard earned money. If you are so interested in gold investment, just buy gold price as it is and sell when the gold price appreciates. Keep and hold for a while. No need to have complicated option that I bet many don't even understand what that word means. Someone has posted better explanation, please click the link below by Jonathan Quek a wealth specialist:
    http://www.jonathan-quek.com/?p=6798

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  15. One should not put all your eggs into one basket as the saying goes, while all types of investment poses certain amount of risk, strike while the iron is hot then shift your money elsewhere and be to be greedy and caught unaware

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  16. I got my f430 ferrari frm genneva...FOC.

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  17. those who "talk bad" about genneva are those who did not invest in genneva, becareful

    genneva long live. im a richer after joining genneva. join with joy :)

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  18. can somebody tell me about royalgolds malaysia

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    1. Royal Gold is it the one selling tissue? So far have not heard of royal gold except the tissue brand. New?

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    2. I just brought 2 kgs from RoyalGolds and I get my gold within three days only., They operate under Shariah and give out Hibah Max 2.5% for purchaser. and if be a consultant of Royalgolds, will have additional 0.5% hibah for own purchase.

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  19. Singapore geneva gold is in trouble..looks like they going to change name and leave the shit to the geneva pte ltd. now they even want customer to park their gold for at least 3 days in order to get their 2%, same ad malaysia practise?

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  20. Genneva Happy Customer, its October 2012. are u still smiling

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  21. Anyone ever questioned how they generate their income to pay for the 2% return every month.If they can guarantee such return then all the financial instituitions and banks should have invested in them because banks only made about 6 to 8% per year by giving out loans and EPF can only pay out about 6% yearly. Even property developer dont make so much return by selling houses and their investment comes with risk. I personally would not have to do business if i can get this amount of return at no risk. I personally think this is a ponzi scheme

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  22. Game over, Ferrari taken by bank

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  23. They charge 30% up front, and return 24% to you in 12 term, 6% they take as their profit noperating cost. You may feel very happy as you are getting the return, but in fact that is your money.
    Thr nightmare come into 2nd year, from where they need to get the 24% to fulfill their commitment ?
    One way to get the money is through return from investment, else, they have to get new member to put their money in.

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  24. non genneva investorOctober 7, 2012 at 3:50 PM

    I keep hearing genneva mark-up 30% n make profit. No!!! Bcoz they ned to buy back from you at the mark-up price.

    They argue that genneva do trading n make more than 24% n they can pay u. Why don't they borrow fr the bank, less than 10% interest.

    Genneva still can survive bcoz the gold price is still uptrend for the past few years. Thus, genneva probably break even in terms of cash flow. They get more customers, they get more cash, more than break even.

    The reason they don't go burst is as long as the gold price stay stable, they can survive.

    The year that gold price crash, then it will be interesting to know whether they can survive.

    On accounting? I'm curious where they treat the 30% mark-up and the obligation to buy back. If they treat 30% as mark-up, not wrong.

    If they didn't put the obligation to buy back as liability, not wrong, bcoz i heard in the agreement they hav no obligation to buy back, if i'm not wrong.

    In accounting, nothing wrong.

    THE CRUCIAL POINT IS THE DAY THE GOLD PRICE CRASH AND THEY STOP BUY BACK.

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  25. if you buy the gold from geneva u will assume ur making money. it cud be true cause they will pay u the interest from new customers. as long as the money is not wit u it not earnings yet. its a domino, whoever make profit earlier is cheating the people who buy is buying it later when the company collapse. it that a right way to earn a living in life? gold cant be tested for purity just with chemicals. u need to cut it into half. if u just test the outside it could be 999% purity coated and inside could be metal bar.

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