Gold Guarantee Panic In Singapore

Note some shocking similarities?

Greed knows no color or creed. What can be done in Bolehland, Malaysia can also be done elsewhere in Singapore. 

• Similar business model with the rest of the Gold schemes in Malaysia. Promises monthly return by selling GOLD at a premium compared to the REAL market value.Then use the money to pay monthly dividend.
• Most investors don't hold physical gold because of additional interest incentives
• The CEO suddenly "disappears" and un-contactable.
• On MAS (Monetary Authority of Singapore) high alert watchlist. MAS is similar to BNM.
• Offered help to buy/bailout Genneva investors by buying their gold or continuing their investment in Gold Guarantee instead.

My take on this? Trending to be an un-sustainable business model and will leave the investor dry.

Some related posts:

http://www.knowthymoney.com/2011/03/gold-scam-ii-golden-goose-got.html

http://www.knowthymoney.com/2011/09/gold-scam-iii-court-cases.html

http://www.knowthymoney.com/2011/12/gold-scam-iv-on-going-case-with-bestino.html

http://www.knowthymoney.com/2012/01/gold-scam-v-bestino-golden-house-still.html

http://www.knowthymoney.com/2012/02/gold-scam-vi-bestino-golden-house.html

http://www.knowthymoney.com/2012/10/will-genneva-investors-get-back-their.html

Updated with Video:

loading..

Share |