Genneva Gold Investment - Too good to be true

Today I chit chat with one of my friend, he just invested in Gold Genneva.

A check from the internet:

1) They are under Bank Negara Investigation. (BNM)

2) They came out a newspaper statement no guarantee of buying back the gold.

3) Their gold prices is much higher than the market rate.

4) They are 500k company, If I am one of them, Once I get my 1 billion, I just declare bankrupt since I am sdn bhd company.

Personally I will not invest in it. I think anytime it will get burst.


definitely not for this type of investment