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 but I would caution anyone from joining such “guaranteed buyback” schemes. I will post more details of the Gold Label scheme once I have it.
My earlier post on Genneva Gold has already attracted close to 500 comments; you can refer to it to read some of the arguments for and against such schemes. Some of these comments would be applicable to The Gold Label as well.
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