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Genneva Gold Set to Lose Lawsuit
Genneva Gold, or more correctly known as Genneva Pte Ltd, was recently sued for their failure to return customer’s gold and money. A plaintiff, Lee Bee Ghok, has won an interlocutory judgment against Genneva in the Subordinate Court. The judgement might very well be a hallow victory because based on the latest filings, Genneva has liabilities […]
The Gold Guarantee in the News
The Gold Guarantee, a company that had a gold buy-back with discount scheme similar to companies like Genneva Gold and The Gold Label, made its way onto the front page article of the Business Times recently. Of course, all of us know what happened to The Gold Label. Anyway, since The Gold Guarantee started in […]
Bao Jing Trading Bites the Gold Dust
Bao Jing Trading, a company that offered a gold investment scheme, appears to have defaulted. Investors with Bao Jing Trading were promised monthly returns of 1.5% to 3% through an elaborate buyback scheme. If they left their gold bars with the company, the returns could go up to even 7-10%. At least 120 investors are […]
Gold Plunges on Margin Hikes
For the second time this month, the CME Group, the operator of New York’s Comex exchange (the main metals and energy exchanges in the U.S.), announced an increase in margin requirements to trade gold. It raised the amount of money needed to trade gold contracts by 27% to $9,450 per 100-ounce contract. This followed a […]
Gold SGD Hedged Exchange Traded Commodities and its Risks
db-X ETC (Exchange Traded Commodity) has listed the World’s first Gold ETC hedged in SGD on the London Stock Exchange. As the product is hedged in SGD, an investor will be able to get exposure to any full potential upside (or downside) in percentage terms of the underlying gold (net of fees). If you are […]