Management of Menzgold Company Limited has announced an extension in the closure of their Gold Vault Market.
According to the investment company, the Gold Vault Market will “continue to be suspended until the 28th September, 2018 to enable us reach a useful conclusion with the Security and Exchange Commission”
In a statement signed by the company’s head of Communications, Mr. George Quaye, “the inconvenience, caused by factors beyond our control deeply regretted”
Following a September 7 release from the Security and Exchange Commission advising the company to “shutdown immediately the business of trading in gold collectibles”, Menzgold, owned by business mogul Nana Appiah Mensah, announced that they had temporarily halted its collectibles and any new business related to its gold vault market with immediate effect [September 13] and reopened after 6 days “by which time we believe all pending issues related to the Gold Vault Market Product would have been ironed out.”
Meanwhile, UniversNews understands that some customers, unsure of the fate of company are withdrawing their investments.
About the Gold Vault Market
Information of the company’s website describes the Gold Vault Market program as “a special gold market, where fine gold buy and sell leads are constantly exhibited. Worldwide prospective buyers closes on this sell leads at great profit margins, owing to the fluctuations of prices on London Bullion Market (Market dynamics)”.
According to Menzgold, the Gold Vault Market program makes it possible for traders to make profit on their gold in vault.
“This program makes it possible for traders to earn extra value or make profit on their gold in vault, with regards to the sales transactions on the market daily, weekly, monthly or annually as the program involves continuous sales, a cycle of sales and re-stock until one decides to quit or terminate the cycle,” Menzgold captured on its website.