Genneva Gold has rake in S$4 Billion but all its operations has been stopped by the Malaysia Authority.
It has help thousands of customers in Singapore & Malaysia earn 2% monthly discount over the past 3 years. Now it has come to an end for this profitable Gold Business Empire.
Do you think the Genneva Gold is a legitimate business?
Read more about it in MyPaper from Singapore.
I was approached by Genneva Gold Agent and ask me to join Genneva Gold Singapore due to its great potential. Previously, I have heard about it from my subscribers who has been earning a interest of 2% monthly from the reward program offered by Genneva Gold.
Genneva Gold will sell you Gold Bullion at a 2% discount on the company Gold Spot Price with a buy back guarantee price.
At the end of the one month, the buyer can
The deal seems to be a win win situation for both Genneva and the buyer itself.
An example on how this works:
The company sells you Gold at $60 per g. If you purchase 1000g of Gold;
Cost of Gold= $60,000 (Buy Back Price)
2% Discount= $1200
Net Cost of Gold= $58 800
The buyer will pay $58 800 for the Gold and at the end of the one month, the buyer will get back $60 000. This is an immediate 2% profit or rollover to the next contract. Individual customers do not need to pay for GST while Corporate Clients will be liable for the GST.