Swissgolden: Is this a scam or a new ponzi scheme

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Swissgolden

The main focus of Swissgolden is to recruit people, and they solely depend on money invested by investors.

Upon inquiry, I was made to understand that Swissgolden is not a gold mining company neither do they manufacture Gold (NOTE). They only buy and Sell.

Swissgolden is an online shop, just like going to a gold shop to buy gold.

Just like going to a gold shop to buy gold?

Furthermore, I have debriefed that Swissgolden as a company buys and sells gold bullion bars for individuals.

And these bullion bars can be used in making gold jewelry or better still, as stock for future purpose.

Swissgolden Nigeria is believed to be working with internationally renowned companies such as UBS, one of the most important financial centers in Switzerland and UK.

They claim to have users in more than hundred countries around the globe.

But, curiosity won’t let me be; and in other to satisfy her, I went on questioning.

 

How does SwissGolden operate?

Swissgolden business opportunity is designed for entrepreneurs. And they trade in investment gold bars.

I was also schooled to understand that investment gold bars are 24 karats of the purest 999.9 gold from respectable refineries in Germany, Switzerland, Russia.

The Gold is said to be kept in United Bank Of Swaziland.

Swissgold program is based on a Table of Orders - a 7-celled table; - The main tables are the Main Table of Order, Start Table of Order, VIP Table of Order and VIP+ Table of Order.

- The Tables of order have corresponding preliminary tables of order.

Quite confusing, right?

Is Swissgolden a scam or another Ponzi scheme?

When there are over a hundred means of payment that includes credit card, electronic banking and transfer, and no proper explanation on how the delivery process is done on the company's website, then clarity should be demanded.

Be that as it may, there are two questions that should not be overlooked.

 

1. Why is Swissgolden operating a pyramid scheme?

Swissgolden.com applies a pyramid scheme, and this method is considered as scam. Investors can purchase new matrix either indirectly or directly.

As a matter of fact, Swissgolden is more like a Ponzi scheme; the matrix positions are deemed as the investment.

The main focus of Swissgolden is to recruit people, and they solely depend on money invested by investors.

Undoubtedly, the gold seems irrelevant upon clear thinking. And this is common with businesses operating with this structure.

All the funds taken are cash and the commission is as well paid in cash.

2. Why the lack of transparency?

It is true that transparency cannot be separated from a legit cooperation. And where transparency is wanting, questions are bound to arise.

Who is the founder of swissgolden? When was it established? Swissgolden did not mention any of these on their website and in so doing; they create an air of mystery around their brand.

In addition to this, Swissgolden website was not properly proofread. And for the developer to overlook this after all these time simply connote something fishy.

But then, I will not conclude here that Swissgolden is a scam. And this is because there are testimonies of people benefiting from it. 

However, investors should always remember that a scheme is not a scam until it becomes impossible for the investor to reclaim his/her money

ALSO READ: Ponzi scheme yet to pay Nigerians after return

 

 



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