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:
all money sure gone d lo~