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.
If you find this post useful, you can sign up below to receive new posts and exclusive content in your inbox. It's free!