Problems with Genneva Payout

[irene04]

Yes, I am. I was lucky this saga happened before I liquidate my stocks for profit and bump into this scheme. But nevertheless, I dun let myself be discouraged, as long as the gold is real, you can reinvest into other areas.



Happens to me too. But fret not, the seal may be broken, but the pawnshop will still buy from you if the gold is real.

For everyones info, Genneva wanted to do the microdot becos there were cases of fake gold, in China. You see, ppl buy real gold from them, but after 3 mths return them with fake gold. And Genneva does not have the procedure to authenticate that...

Yea, positive thinking is good. I agree with you... As long as we hold the gold bar in our hands, can always recoup the loss. I have confidence... its just a matter of wait for the right timing. And in the meantime, continue chasing my agent for interest payout. I got it this month and next month's not due yet. He promise me there's still payout. Chase still better than no chase right...

 

[stargazer008]

I have given up to chase for the payout. My agent is a victim too. She has a few 1 Kg gold bars stuck...

 

[GeorgeBoron]

Unverified info spreads panic?

Pls watch this video:

Genneva Gold Scam newsclip Part 3

Thanks for sharing the link to the video. We ve seen only also yday I think u shared with everybody. Useful. Neverheless not convinced that 500KG are missing from GV. I do not speak Mandarin but the transaction given was :- Amount of gold involved is suspected to be more than 500kg.

That means the total exposure of investors in GV is more than 500KG (which is true) but this does not imply 500 KG given back to GV for gold inspection missing from the vaults.

 

[blurboiboi]

GM of Genneva sent out a memo to all agents and customers..

 

[drago88]

Why not just tell everyone what the memo said?

 

[irene04]

I have given up to chase for the payout. My agent is a victim too. She has a few 1 Kg gold bars stuck...

Really?? My agent is still updating me and assuring that there are still payouts despite delays. I am very curious, some of these agents did not knew anything and hence, they are victims too? Did you see the memo sent by Genneva to all customers and agents?

 

[makav31i]

Just a word of advice to all people stuck in the predicament with Genneva, don't jump from one gold company to another and take the advice of this agent from other gold companies with a pinch of salt as their company joins the rank with Genneva to be in the exclusive investor alert list by the MAS... If some of this people are previously an agent with Genneva and they have been getting people like you to park your money with Genneva, what makes you think they won't get you to park with other gold companies to earn the commission from you?

 

[jonchar]

how i know? heard from perm staff working inside. believe it or not it's your call. If u still wanna be in self denial, that's you as well since im not vested.

 

[transform]

Really?? My agent is still updating me and assuring that there are still payouts despite delays. I am very curious, some of these agents did not knew anything and hence, they are victims too? Did you see the memo sent by Genneva to all customers and agents?

Ya they are paying out to the recently sign up new contracts (Sept) so that they will still have confident with them and will help them to pull in those old aunties/ uncles usually that is the last group of people to be con (SAD.....)
Just when those aunties uncles start talking about the stock and share that's is the time when the stock market crash.

 

[stargazer008]

Thanks for the info. May I know which ValueMax and MaxiCash location you visited? The last time I went to check selling price at one of them was offered only $6000 which I did not take.

Hi, I went for maxicash at bedok central. As for valuemax, I went for the Big M pawnshop at Tampines, just outside the MRT. Big M is affliated to Valuemax.

 

[twinkle07]

frm channel 8 news facebook page

 

[bbmars1128]

I just wonder, has anyone really bother to aske where they invest what you pay for? How do they sustain their business and run such huge gold program. If just by sell/buy gold bar to you and can sustain the company, then I strongly feel that there i s no prospect at all and it is just using customer's $$$ to pay customers..... will it sustain?

If they are trading gold alone, this program won't last long for simple fact that it had work very well in the past because GOLD had been accerating like crazy in the past few years. Obviously they run into trouble because gold prices has been range bound for long time and buy/sell isn't really very good thing in such market and how many really make $$$? Its tough given that customers are promised 24%/yr..... imagine who would be that crazy? This is something I am very doubtful .....

 

[stargazer008]

frm channel 8 news facebook page

Hmm...what tricks are they up to now??

 

[bearbearfury]

Stalling for time....again

 

[irene04]

if few years back till now,should be profit already?

I did some gold test a few weeks ago with maxi cash for my swiss pamp gold usign their water test method.

yes need to remove the casing and stuff but they are authentic.

Hi, was the test free or did you pay for it? Thanks.

 

[makav31i]

Hi, was the test free or did you pay for it? Thanks.

If the PAMP is in the original seal, only a person who have no idea about gold and never handle with gold before, in other words a newbie will break the seal to test the gold... If it is one ounce and below in original seal,people will buy at a slight premium and if it is removed from the seal people who want to buy will have to either do an acid test on the gold and you are lucky to get close to spot or spot as it is like scrap gold with the continuous testing every time a buyer wants to buy...

But then again, if people can purchased gold at such a high mark up, from Genneva or any other gold "investment" company not knowing what is the spot price or thinks that gold give monthly dividends, I cannot expect people to understand the value of gold.. So please liberate the PAMP gold from the seal and go and test it... If the seal is intact please take it out and get it tested...

 

[nicky9258]

I don't mean to put salt to wound, just a note to ignorant investors from being victims, more so your family or loved ones.

First Pyramid, then MLM, after that Timeshares, Red Wine, the Bonds, Foreign Land plots & now Gold.

I feel for the investors but this has got to be coming. Same tactics, same sales pitch, i hope no one fell for it a second time.

Next up Silver ...

Coming soon ---> Pamp Suisse Pte Ltd.

You've been warned.

 

[mistersatki_]

song bo ?
there isnt any gd cash making coys out there
unless u are the first few to test out n cash out immed
u will nv gain from these wackos

 

[q1w2e3]

missed payout

Yea, positive thinking is good. I agree with you... As long as we hold the gold bar in our hands, can always recoup the loss. I have confidence... its just a matter of wait for the right timing. And in the meantime, continue chasing my agent for interest payout. I got it this month and next month's not due yet. He promise me there's still payout. Chase still better than no chase right...

I missed sept payout, and am chasing my agent for the payout, when?.. in Oct? So i am curious why you get a payout. Are you new customer?

 

[stargazer008]

Foreign Land plots & now Gold.

Bro, even 'foreign land investment' is scam? Any news related to this investment to share? As far as I know, one of the most aggressive to market such investment scheme here is Walton.