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Tuesday, December 20, 2011

Genneva Malaysia impact on Gold Price

There are many factors that cause the increase in Gold price:1) Inflation
2) Instability of financial markets
3) Centre Banks try to keep more gold and less foreign currencies
4) more affluent consumers from China and India
5) Growing gold exchange-traded fund (ETF)
6) Growing number of Gold company such as Genneva Malaysia
7) etc etc

Normally rich people buy gold that cost about thousands and treat it as jewellery. But with gold companies such as Genneva Malaysia, they invest in gold by the millions.

With more and more company like Genneva Malaysia, more and more people will invest in gold, and in a big way. Because of this, the demand of gold will be more and will have an impact on the gold price.

Information on Genneva Malaysia, get from Genneva Malaysia company:
GENNEVA MALAYSIA SDN BHD (592576-A), (formerly known as Dimensi Sentosa Sdn Bhd). Business is to conduct gold bullion trading business in Malaysia using GENNEVA's unique concept.

GENNEVA MALAYSIA is a reporting institution under AMLA 2001 (Anti-Money Laundering & Anti-Terrorism Financing Act) and have complied with section 21(1) of BAFIA 1989 (Banking and Financial Institution Act), relating to factoring and leasing business and has acquired the status of a scheduled business.

As of mid of December 2011, GENNEVA MALAYSIA Headquarters in Kuala Lumpur and has branch offices and/or representative offices in Perak, Johor, Sarawak, Penang, Melaka and Sabah.

More info on Genneva Malaysia:
http://politemarket.blogspot.com/search/label/Genneva%20Malaysia

http://politemarket.blogspot.com/2011/04/genneva-malaysia-gold.html


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1 comments:

  1. Dear Anonymous,

    About SC and BNM, I don't know the details. But they are the authorities and the law is interpreted by them or upon appeal, interpreted by the Court.

    As an individuals or company, it is very hard to fight against authorities.

    But my personal opinion, the company will do everything that is within the law, and will try not to break any rule.

    I want to seperate two issues.. Legality and Practicality.

    If it is legal, then whether the business is practical.

    Airline company offering air ticket at RM0.99 legally, but whether it is practical? Time will tell how they make profit.

    You need to ask yourself a second question, whether it is practical.

    ReplyDelete

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