Recently, I was approached for the third time about gold trading. Giving in to the curiosity finally, I asked further what exactly was this fantastic investment opportunity.
I was told it was a company called Genneva Pte Ltd. So I went to google it and this was it's main website. Apparently, it was incorporated in 2008, so I guess I am a bit late in finding out about this company as it has been around for about 2 years.
The sole purpose of the company I suppose is the buy back programme. Where a customer buys a certain amount of gold (eg 1kg) at "market rate" with a 1.5% discount. The physical gold will be given to customer and Genneva will buy back that physical gold at ORIGINAL "market rate" without the discount 30 days later.
Therefore, it is a guaranteed 1.5% profit within 30 days! On a ......