Gold trade

[River]

WeiHan:

It sounds quite ok to me as long as the gold they give you is real. The most you risk is 25% of your capital. But I guess, getting a gold bullion from genneva is 7% GST exempted? If the gold price goes up, you just keep the gold bullion on top of the 24%/per annum interest.

As of now, the gold is exempted from GST.

[ronseng]

Phsical gold trades can only be done at bullion.

[jolim26]

I have been good returns from gold investment too..:)

[peapot]

do you buy Gold from Genneva like trading shares?

[River]

peapot:

do you buy Gold from Genneva like trading shares?

It is similar.

But I think loaning money to the company using gold as a collateral may be a better way to describe the concept. The loan is renewed on a monthly basis.

[micollh]

i still du have the guts to go in… if only i do it earlier…now will be smilingall the way… sigh… timing timing…

[peapot]

Now seems abit late to go in. perhaps wait till prices drop but Genneva gurantee principal sum since its like a loan.

[peapot]

Oops! I meant it as a question. Do they?

[jolim26]

peapot:

Now seems abit late to go in. perhaps wait till prices drop but Genneva gurantee principal sum since its like a loan.

there is never a good time... cos when it is up... you hope.. it will come down.. when it is down.. you worry tt it will go further... just go in with an open, well informed mind... make the investment and earn the interest:)

[River]

jolim26:

peapot:

Now seems abit late to go in. perhaps wait till prices drop but Genneva gurantee principal sum since its like a loan.

there is never a good time... cos when it is up... you hope.. it will come down.. when it is down.. you worry tt it will go further... just go in with an open, well informed mind... make the investment and earn the interest:)

It does not really matter whether the price goes up or down since your returns depends on the amount invested, not on the price of gold.