Investors of The Gold Guarantee have been hit with a new problem. Although the owner of the company had run away and defaulted on the company’s buyback obligations, the investors comfort was that well, at least they still had their gold with them. It appears that they are now having problems selling their gold to a […]
CAD has recently published a FAQ on it’s investigation of The Gold Guarantee. If you were hoping for useful information, unfortunately you are going to be disappointed. The Gold Guarantee FAQ provided by CAD is essentially a cut and paste job of their earlier FAQ on Genneva Gold. The key messages are: Any questions or disputes should […]
It appears that Lee Song Teck, owner of The Gold Guarantee and Asia Pacific Bullion, has gone missing. These two companies operate with a similar ponzi model to Genneva Gold, offering unsustainable cash rebates for gold purchases. They have even been aggressively advertising rescue plans for Genneva Gold customers after they was raided by CAD […]