Alvin Poh, founder and Managing Director of EION Management, admits that gold has always caught his attention since he stepped into the financial industry 15 years ago. Undeniably, he believes that gold plays an important role as a reliable diversification tool. “I’ve seen how gold protected the market during a crisis and I had experienced it myself too,” the opportunist says.
Alvin has a solid experience in the financial industry. Having spent more than 15 years in the industry, he went through a lot of self-taught knowledge about financial management and the significance of managing wealth. He has always been intrigued by how countless successful businesses started as startups.
He has always envisioned himself doing the same by public listing a company that he started from scratch. “I had the feeling that I was ready for it,” he says. That is how EION Management came into the picture.
Digging deeper
The biggest move of Alvin’s career came after he and his team came across a one-of-its-kind gold solution platform back in August 2020. His discovery was refreshing, interesting and unique in the sense that nobody had ever done this sort of gold solution platform in the global financial market.
“I did not want to join the group without experiencing it first. As a risk-taker and an opportunist, I decided to experience it. To my surprise, I profited three weeks later with over 20 per cent profit. We are talking about gold – a traditional old-school instrument with minimal price fluctuations! It was mindblowing,” Alvin shares.
Realising the potential of this unique gold solution platform, Alvin and his team had decided to deep dive to find out the mechanism and processes of how the platform works – to the extent they sent out lawyers and accountants to fact find the platform. As they predicted, it came back clean. The platform’s credibility is proven as they have been supplying physical gold to government agencies and local banks.
A golden opportunity
Alvin realised it was the right time to grab the opportunity as there were also immense opportunities. He foresees this platform could help benefit local and overseas clients that are always on the lookout for a reliable buy & sell gold platform.
Long story short, EION Management was established in December, just four months after he and his team encountered the platform.
As a global buy & sell gold management company, EION Management focuses on providing top-notch gold buy & sell management services for local as well as international clients from different regions all over the world.
At EION Management, they believe that clients should always be in absolute control of their wealth. Hence, the company only offers to manage and guide clients to ensure they are making the right buy & sell decision.
Providing top-notch buy & sell gold management services
EION Management offers three types of digital gold products each having its strengths. Their first product, Gold Storage Account (GSA) is a powerful buy & sell platform for transforming currency into gold and can be used to initiate a physical gold withdrawal. Alvin tells WargaBiz that this feature is unique and not even the banks have to offer. Even if they do, it is very costly.
The second product is Gold Convert Account (GCA) where clients can easily convert GSA for cash withdrawals. He emphasised that the advantage of it is that GSA or gold still belongs to clients and they could redeem it back whenever they are financially ready to do so.
Lastly, EION Management’s most sought-after product is Gold Asset Enhance (GAE) GAE is a unique credit enhancement programme to enhance clients’ profit by 5 or 10 times. By far, GAE is the only gold enhancement programme available in the entire marketplace – both locally and internationally.
Over 3,000 clients and growing
Within a year, EION Management has created a community of over 3,000 clients and facilitated over RM100 million worth of gold purchases in 2021 alone. The platform sees hundreds of new user registrants every day and thousands of gold transactions in a day.
Since Alvin started EION Management with his team, he has grown the team from four to a hundred – comprising a sales team, operations team, marketing team, business development team, accounting department and media team.
“Our proudest achievements are assisting our clients in making the fastest profit in gold in three weeks & over 60 per cent profit in three months. Not only do we provide a proven gold solution platform, but we also provide a proven gold e-library programme that is designed based on the problems & challenges that we had identified based on our engagements with clients throughout last year & to provide solutions based on it,” he clarifies.
Planting the right knowledge of buying & selling gold
EION Management is more than just a global buy & sell gold management company. For Alvin, he believes that people should be aware of their buy & sell decisions regardless of their involvement or otherwise.
“Ultimately, it is not the action that creates wealth, but knowledge is. That is why we embedded the tagline of “Knowledge Creates Wealth” when we set up EION Academy.”
EION Academy came to his mind when he witnessed many clients “running” around like headless chickens without knowing exactly where they are heading and unsure of what to do when it comes to making a decision.
“EION Academy is meant to be a reliable centre of information for our community on knowledge about the buying & selling of gold and the overall general knowledge about gold. We are committed to equipping the community with the right knowledge and skills to consistently and sustainably create wealth from gold,” he shares.
The growing popularity of gold
Commenting on whether it is safe to buy gold amid the pandemic and economic uncertainty, Alvin shares some interesting stories of what drives the price of gold in the past.
“The global financial crisis in 2008, which was triggered by the bankruptcy of Lehman Brothers, sent the gold price on an upward trend until August 2011, hitting a record high of about $1,860 an ounce.”
“When the unprecedented COVID pandemic broke out in 2019, its impact has caused a negative ripple effect that has swept across the entire global economy. Due to the global economic meltdown, the gold price has soared to a record of an all-time high of over $2,000 an ounce in the 3rd quarter of 2022,” Alvin tells WargaBiz.
“Not to forget, we have transitioned from pandemic to endemic and are still feeling the impacts that it has created. For example, the high inflation rate has reduced our spending power and it is already killing us slowly. There is a saying gold always tends to shine the brightest in an inflationary environment.”
He further stresses that it is an open fact that gold has always been regarded as a reliable wealth protector – quoting that the Russia-Ukraine war has skyrocketed the gold price to a new all-time high of nearly $2,070 an ounce.
“So, the short answer to your question is yes! Gold has always been an excellent & reliable choice.”
Future focus
As an opportunist, Alvin has high hopes of expanding the community by helping 10,000 new clients to make profits from the gold e-library programme offered. “We will continue to enhance and put more value into our gold e-library programme. Besides, we will further amplify the brand name of EION so we could reach out to more people of the public – not only locally but also globally. There will be more to come from EION Management,” he ends.
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