Problems with Genneva Payout

[Lover_Handphone]

bro i read.
but is there any different between the geneva gold & uob gold?

Stay far far away from Genneva, The Gold Guarantee, as well as the other goldcos selling you gold with a high discount/24% returns scheme, does not matter if they are selling you UOB gold or Swiss gold or whatever gold.

Why? Read through the preceding 33 pages of posts - the answers are all there.

 

[ZhaoYun22]

hahaha. Sure since he's your friend s boss and he says its UOB gold, of course its real. Just go ahead buy lah. Don t think so much. You know you want that $192.00 a month. In fact if can try to double or triple up. We re only young once, nervemind if lose money can always earn back.

Wah bro, yr reply abit 假。just ask ask for advice nia

 

[blurboiboi]

Guys.. Anyone of u knw where or hw to test kilo bars whether its genuine? Pawn shop doesn't seem to do it.. Assay one is destructive..

 

[addict951]

Wah, yall really buy ah?
Is this real or what?
just now Haijie reported on ch 8 nia
what ask you to sell gold buy silver or what
Come and join me buy reits lah
Much safer ****
somemore can get quarterly dividends

 

[serhwee]

Ya right, the one above me said it all, go watch the news later at 10 PM on Ch 8 and you all will get your answers, if you want to go to another company to join their rescue plan you will fall deeper into the black hole.

 

[Paramis]

Are you referring to $300 minus their buy back price or $300 minus their selling price?

What I am referring to is their buy back price minus $100 if no receipt provided... The selling and buy back price for the 1oz gold coins is $300 difference as when they sell, it is inclusive of 7% GST + the premium charged... No company sell physical gold at spot price..

its $300 minus UOB buy back price if there is no receipt.

 

[Paramis]

Ya, it is really kind of sad.....my agent is a friend. If he did sound out earlier, I would have sold back mine too. When the news broke, I ask if the company owe him commission, he did not dare to reply.....sigh. I am sure the company owe him commission but he hide this fact....He knew geneva is transferring asset to geneva world....I ask why? He say.....Geneva going for IPO !!!!!!

yeah you will know what kind of a friend you have when something like this happens. i'm supposed to receive my mthly $$ on 30 jul, she gives me all kind of excuses. co is upgrading, too much vol, short staff etc. finally when i read this forum, then only i realise Genneva is in big trouble. if she mentioned earlier, i would have sold my gold in apr 12 & also wouldnt have bought another one in jul. how can she sell to me when she's not paid commission for few mths. are these agents really that naive (or stupid) that they believed all the stories told by Genneva management or just money minded?

 

[Paramis]

No seal or no receipt??

no receipt but with the original seal.

 

[martinlee1688]

The Gold Guarantee Pte Ltd and Asia Pacific Bullion Pte Ltd Owned by Lee Song Teck are on MAS Alert List Now!


The Gold Guarantee Pte Ltd

Please check at www.mas.gov.sg/IAL.aspx?sc_p=T

Asia Pacific Bullion Private Limited

Please check at www.mas.gov.sg/IAL.aspx?sc_p=A

 

[martinlee1688]

The Gold Guarantee & Asia Pacific Bullion Owned by Lee Song Teck are on MAS Alert List Now

The Gold Guarantee Pte Ltd and Asia Pacific Bullion Pte Ltd Owned by Lee Song Teck are on MAS Alert List Now!


The Gold Guarantee Pte Ltd

Please check at Investor Alert List

Asia Pacific Bullion Private Limited

Please check at Investor Alert List

 

[GeorgeBoron]

did u get back the same gold with the same serial no.? If no, it could be the gold that belongs to others. My wife agent returned the gold to them for renewal on 10 sep 2012.

No all early renewals after security dotting do not return the same gold. All people get gold of different serial number as i verified with my agent. So since 10th of Sept you have not received the gold back? Do we understand correctly? Today is 27th Sept...

 

[Lover_Handphone]

Watch tonight's news

News abt Genneva Sg and Gold Guarantee was broadcasted at 6.30 pm TCS 8 news.

There should probably be a repeat tonight at TCS 5 9.30 pm news as well as TCS 8 10 pm news. Maybe even Chn U.

Hope someone will record it down and put on Youtube for the whole world to see what a great ponzi scam Genneva and Gold Guarantee is !!

 

[Lover_Handphone]

Wah bro, yr reply abit 假。just ask ask for advice nia

I tell you what. Genneva sell you gold at 30% above UOB Spot price.

How abt you pay me upfront UOB Spot price plus 30% extra (same as Genneva)? We go together to UOB.

I buy the UOB gold at spot price and keep the 30%.

I will give you on the spot the UOB gold, and another 24% (from the 30% you gave me initially).

Meaning you get the gold (same price as Genneva offered you) and the 24% immediately. No need to wait 12 months. It is immediate.

I also get the 6% (30% - 24%) immediately.

If ok, pls pm me, we meet at UOB.

 

[martinlee1688]

The Gold Guarantee owned by Lee Song Teck suspect meeting with financial problem currently!

Latest gold bullion news update,

The Gold Guarantee Pte Ltd and Asia Pacific Bullion Pte Ltd owned by Lee Song Teck which suspect meeting with financial problem currently threatening agents and customers not to sell back their gold!

Dear The Gold Guarantee and Asia Pacific Bullion agents and customers,

The below message may be a bit disturbance and disappointment sent out by the owner Lee Song Teck of The Gold Guarantee Pte Ltd and Asia Pacific Bullion. I feel concern about this company The Gold Guarantee which suspect meeting with financial issue currently threatening agents and customers not to sell back their gold or paper gold back to company and asking their sales leader to sales talk to their The Gold Guarantee agents to ensure their customers not to sell back. Please be careful about the situation.

Message from the Owner of The Gold Guarantee and Asia Pacific Bullion Lee Song Teck to their sales leaders:

“Guys on a serious note. This next few days is crucial. CALL all your agents and communicate with them and also guide them on how to speak to their prospects and clients.

Ensure no sell back. All those that sell back now I will probably ban them from doing new sales after this and also future promotions they will be excluded from it.

I am very very very serious on this.” By Lee Song Teck

 

[stargazer008]

Whatever the case, stop investing in such schemes!

 

[mosaic1979]

Wah bro, yr reply abit 假。just ask ask for advice nia

haha. After reading so many posts and you still thinking of buying, of course advice you to buy lah. Else your heart will be itchy, say online people dissuade you from a deal of a lifetime.

Actually I also want to set up gold company. Like very lucrative. So many people believe.

 

[jonchar]

Not to add salt into wound and probably mentioned 100 times here, the ship IS indeed sinking.

Do NOT pass them your gold and keep it with you. Once you give, you can forget about getting it back.

Heard from perm staff working inside ship is sinking and he himself is bailing out and quitting soon. Directors are hiding in their office and do not dare to even come out. Also heard 500kg gold missing from company.

 

[mosaic1979]

Not to add salt into wound and probably mentioned 100 times here, the ship IS indeed sinking.

Do NOT pass them your gold and keep it with you. Once you give, you can forget about getting it back.

Heard from perm staff working inside ship is sinking and he himself is bailing out and quitting soon. Directors are hiding in their office and do not dare to even come out. Also heard 500kg gold missing from company.

hee hee. When you set up these companies, the art is in planning the exit strategy my friend.

 

[irene04]

Any offer from Gold Guarantee, pls take it with a pinch of salt. Gold price is projected to rise to $ 1950 USD/ounce by year end. If this materializes, those with gold will be able to sell and cut loss. Or option to wait further.

Most important thing now is to verify that your gold is REAL!

Hi, may I know where you get the news from?
Thanks.

 

[makav31i]

If any of you have gold which is like PAMP which is sealed in the certicard do not open it to check for purity,do not open the seal at all.. I repeat do not open the seal at all.. I can help to look at the gold if it recognized or not if you post a picture of the gold here... For genuine test, the only non destructive method is using a spectrometer which is a sort of xray machine test on the gold, but I don't know anywhere in singapore got such service...correction singapore assay office do provide the service.