It’s likely that you have come across SwissGold Market through an email list, on social media or got it recommended by a friend or family member.
Is SwissGold Market a scam? The reasons why you’re here is because you have want answers right so, that’s what I’m going to provide for you within this SwissGold Market review.
First and foremost I must commend you for actually doing a bit of extra research before committing to joining SwissGold Market. For all you could have known, the product could be a major scam so the fact you’re here right now, researching whether or not that’s the case is a pretty smart move on your part.
To be fully transparent with you, I am personally not a member of SwissGold Market so I can assure you that I will not attempt to sell you it unless of course it’s worth investing in.
What I will aim to do is provide you with an unbiased 3rd party look at SwissGold Market that will hopefully help you to make the best decision you can in the end.
PRODUCT NAME: SwissGold Market
OWNER/S: not disclosed
TYPE OF PRODUCT: gold investment MLM
PRICE: €280 minimum
SUMMARY: Although I’m not 100% certain, I can say that there is a good chance that SwissGold Market is a pyramid scheme and a scam mostly based off the fact recruitment seems to be the only way to make money with it.
The other negative point is that they don’t really offer good gold prices and that the owners aren’t very transparent therefore, I personally would not recommend joining because there’s a very good chance that, unless you buy into the program and only recruit others, you won’t make a single penny with SwissGold.
FINAL RATING: 0/5
RECOMMENDED: NO!!
WHAT IS SWISSGOLD MARKET?
SwissGold Market is a MLM opportunity that appears to dabble in the gold bar selling market and has also supposedly been in this market for the last 6 years.
This comes across as a little fishy to me purely because after checking out the age of it’s “sg.market” domain, it seems to only have put itself onto the Internet in 2018.
Its more recent marketing material seems to be in Russian implying that the company is targeting the russian speaking markets and from what I could find, the company also has this Isabelle Marchal as kind of the face of the company yet they only seem to be the Director of Public Relations.
Other than this little bit of information, there isn’t much else that SwissGold discloses, which in and of itself is quite suspicious.
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SWISSGOLD MARKET PRODUCTS
SwissGold Market appears to offer gold bars to customers which are based on the weight of the gold you purchase. These weights start off at 1 gram and can become as much as 100 grams with the price ranging from €53 – €4983.
Within their buying section they also seem to showcase a recommended selling price but, when you compare the value of gold at this current moment, it’s safe to say that it’s way off from what the market would be willing to pay for it.
Of course because the gold will be in physical form some may be willing to pay more for it but, in terms of if affiliates will be able to profit by selling it later down the line, it’s hard to say.
HOW DO YOU MAKE MONEY WITH SWISSGOLD MARKET?
As is the case with pretty much all MLM businesses there are 2 ways to make money with them, SwissGold Market being no exception.
1. The first method is by purchasing gold and hoping it increases in value overtime.
2. The second method is by recruiting others into your team
HOW TO GET STARTED
If you want to join SwissGold Market and promote the MLM opportunity it provides, you will need to invest between €280 – €9850. The initial investment will determine your affiliate rank when starting out.
The ranks include the following :
- Start – €280 EUR
- Main – €740 EUR
- Standard – €2800 EUR
- VIP Plus – €9850 EUR
Also do note that you will need to reinvest later down the road in order to stay active and there’s also a good chance that there are other undisclosed administration fees you’ll need to pay as well although, SwissGold aren’t completely transparent regarding how much they would cost.
COMPENSATION STRUCTURE
There are 2 ways to make money with SwissGold Market with the first method being through the use of a matrix based structure.
SwissGold employs a 2 x 2 matrix structure where in order to order to qualify for commissions an affiliate must recruit 2 people and then their 2 personal recruits must also recruit 2 others themselves. After doing so a cycle will be completed and the affiliate at the top of the structure will get paid out.
SwissGold states it will pay you out the following amounts based on which rank you decide to sign up as :
- Start – invest €280 EUR and receive €540 EUR (capped at €1800 per position)
- Main – invest €740 EUR and receive €1890 EUR (capped at €7000 per position)
- Standard – invest €2800 EUR and receive €7425 EUR (capped at €27,500 per position)
- VIP Plus – invest €9850 EUR and receive €29,000 EUR (capped at €98,000 per position
Referral Commissions
SwissGold will also pay out affiliates based on the investment made by their personally recruited members.
- investment in the Start cycler generates a €20 EUR referral commission
- investment in the Main cycler generates a €40 EUR referral commission
- investment in the Standard cycler generates a €60 EUR referral commission
- investment in the VIP Plus cycler generates a €80 EUR referral commission
THE NOT SO GOOD THINGS
The Whole Business Model Is Reliant On Recruitment
Although SwissGold is a gold retailer and even though you could theoretically purchase the gold and sell it to others for an inflated price, the likelihood of doing so will be a lot tougher to do considering firstly, gold isn’t cheap at all to buy and secondly if these individuals do a little research they could find far better prices.
Therefore, the main way most affiliates will make money with SwissGold is through recruitment. Ultimately recruitment is what will keep the business afloat and not the gold sales because the profit margins for gold sales are very minimal for the undisclosed owners in this case.
The problem here is that this particular business model is reminiscent of a pyramid scheme or a ponzi cycler scheme so it’s obviously a huge red flag.
They’re Not Very Transparent About Who Runs The Company
Although we’re shown faces within their marketing material, there isn’t much solid information on if they’re genuinely the owners of the company because a lot of what these individuals are saying don’t quite match up.
The CEO of the company isn’t talked about on the website or within the marketing material and of course there are a few other inconsistencies too.
The lack of transparency in regards to who the owner or owners of the company are is quite the common red flag among the many shady establishments I’ve exposed over the years so, if you’re seriously thinking about joining, you should definitely take this red flag into account.
THE GOOD THINGS
I don’t really see anything that stands out as being concretely good about SwissGold Market. In fact I’m more inclined to believe there’s way more bad things to point out about it so I’m sure you can see where I stand with the company
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IS SWISSGOLD MARKET A PYRAMID SCHEME/SCAM?
Although I’m not 100% certain, I can say that there is a good chance that SwissGold Market is a pyramid scheme and a scam mostly based off the fact recruitment seems to be the only way to make money with it.
The other negative point is that they don’t really offer good gold prices and that the owners aren’t very transparent therefore, I personally would not recommend joining because there’s a very good chance that, unless you buy into the program and only recruit others, you won’t make a single penny with SwissGold.
MY PERSONAL RECOMMENDATION
I personally will always recommend against using a MLM business model to make money, not because you can’t make money through it (you totally can) but, the system has always seemed shady to myself and is kinda synonymous with the likes of a pyramid scheme or scams (MOBE and Digital altitude).
Instead I prefer working with something created through ones own means and is ultimately dependent on yourself and your work ethic alone.
This method I’m talking about is affiliate marketing.
The reasons as to why I recommend it over MLM based structures are because
– there is no need to recruit constantly
– it is a legitimate method that has been working consistently and continues to grow as more businesses want individuals to promote products
– and because it is free to start up, no unnecessarily large start up funds needed.
The service I recommend is Wealthy Affiliate. It’s free to sign up to and will get you set up and ready to start your affiliate marketing journey within minutes, as it did for me when I begun my journey.
If you have any questions that you would like to ask me regarding SwissGold Market, feel free to do so in the comments section below and I will get back to you as soon as I can. If you have your own thoughts about SwissGold Market and would like to talk about it, again feel free to do so in the comments below!
Thanks
Amhil