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Gold Scam Hits Hong Kong
In Gold we trust? What happens if the Gold turns out to be fake? That is exactly what has happened to some goldsmiths in Hong Kong, people that you expect would be able to detect gold fakes. Jewellers and pawn shops in Hong Kong have discovered at least 200 ounces of fake bullion so far […]
ATM for Gold
Do you know that there are now gold ATMs? The first ones opened up in Abu Dhabi, Munich, and Madrid. Warren Buffett recently had this to say on Gold, “You could take all the gold that’s ever been mined, and it would fill a cube 67 feet in each direction. For what that’s worth at […]
Gold and Fake Gold
Fake gold can be produced by using another cheaper metal and coating the surface with real gold. This can be easily detected by weighing the object as the density of different metals are different. For example, gold has a density of gold is 19.3g/cm3 while that of steel is 11.4g/cm3. Therefore, a piece of real […]
The Gold Label
The Gold Label is another company in Malaysia that operates with a similar model to Genneva Gold. They sell you gold at a discount to the listed price and offer a guaranteed buyback at the listed price after the end of a specified period of time. I don’t have the exact details of the terms […]
Genneva Gold
Someone sent me a question to ask me about Genneva Gold Sdn Bhd. According to the information on the website, Genneva Gold sells you Gold Bullion at a 2% discount to the market price with a buy-back guarantee. At the end of one month, the buyer can Sell buy the gold to Genneva Gold at […]