The Gold Guarantee business practices under police probe

• QX179R

  2 Feb 13, 23:13

  SINGAPORE: Police are investigating The Gold Guarantee, a local-based gold trading company.

  This comes three months after the Commercial Affairs Department (CAD) probed another gold trading firm, Genneva Private Limited.

  The CAD says the probe is focused on The Gold Guarantee's business practices and whether it committed criminal offences in the conduct of its affairs.
  
  Authorities have also also seized the company's assets.
  
  The Gold Guarantee specialises in the buying and selling of physical gold bullion bars.
  
  - CNA/ir

• Mr Milo

  3 Feb 13, 14:56

  Wow, i remember got other gold companies this one i met is Asia Pacific....if i remember correctly. They mine gold, buy and sell gold. they have this investment scheme where if i buy a certain amount of gold from them under a plan, there will be guaranteed returns over a period of time no matter how u look, the cost of investment is always higher than the returns obviously a scam, waiting for you to drop in