Gold: Samudra-GV
Who is Samudra-GV (SGV)
They are a gold trading company. Goldsmith and Samudra-GV normally sell their gold slightly above the price that the banks quote. But SGV will rebate you 2.5% on your purchase price every month and give you an option to sell back the gold to them at your PURCHASE PRICE.
How it works....
Assumming you bought 100gram gold from SGV at RM14,000. They will give you the physical gold.
So, every month they will rebate you 2.5% at your PURCHASE PRICE, so is RM350.
After 3 months you will get RM1,050
Now you have the option to sell back the gold to them at your purchase price.
So it doesn't matter whether the price of gold goes up or comes down, you are selling back to them at your PURCHASE PRICE
If you sell back to them and buy gold from them again and repeat it every 3months for one year, you will get 2.5 X 12 =30%.
Remember it doesn't matter what the gold price is, because you are selling back to them at your PURCHASE PRICE. If the gold price shoot up, then you can also keep the physical gold
Looks too good? Up to you to judge.
Last year BNM has raided and freezed a similar type of company but so far didnt charge them. The customers ended up holding the physical gold.