Website & Company Information
The web domain (https://sg.market/) of the company was first registered in June 2018. The website does not provide any information about the owner or the team of the company.
The ‘contact’ page of the website shows that the company is incorporated in Belize.
3/4 Miles Philip S.W. Goldson Highway,
Belize City, Belize
However, we couldn’t see any certificate of incorporation on the website and we highly suspect that the company is registered as a shell company in Belize as most of its official marketing videos are in Russian.
Now before we proceed further, as always, if a company is not transparent about its business operations, team, incorporation etc., do you really think they deserve your money?
SwissGold Market’s Products
The company has no retail option to speak of, with affiliates only able to market SwissGold Market affiliate membership itself. And we have noted that the website features exotic images of gold on its website, the same has nothing to do with the said MLM program.
SwissGold Market’s Compensation Plan
The company’s affiliates invest funds in a four-tier 2×2 matrix cycler. And as positions are filled in the market, the corresponding returns are generate and distributed:
SwissGold Market’s four cycler tiers:
- Start — invest €280 and get €540 |Per position is capped at €1800
- Main — invest €740 EUR and get €1890 EUR |Per position is capped at €7000
- Standard — invest €2800 EUR and get €7425 EUR |Per position is capped at €27500
- VIP Plus — invest €9850 EUR and get €29,000 EUR |Per position is capped at €98000
The top of the matrix “cycles” out into a new matrix on the same tier once a matrix is filled. The same occurs in a loop until the capped total return of investment is paid out.
SwissGold Market is accepting bitcoin too.
Note: The company has changed its investment tier several times since its launch in 2018.
The company also pays a referral commission on funds invested by direct recruits:
- Start cycler — Investment generates a €20 referral commission
- Main cycler — Investment generates a €40 referral commission
- Standard cycler — Investment generates a €60 referral commission
- VIP plus cycler — Investment generates a €80 referral commission
Joining SwissGold Market
The minimum investment required to join the affiliate membership is €280, with maximum investment capped at €9850. Once the ROI maturity is reached, it is mandatory to reinvest in order to continue the revenue stream.
- Start — €280
- Main — €740
- Standard — €2800
- VIP Plus — €9850
Each investment has administrator fees on it. The fees have not been disclosed by the company.
SwissGold Market is a classic cycler Ponzi scheme that uses Gold as a ‘spice’ to its recipe. The company has been successful in creating its image as a gold retailer, but its whole business model is a classic pyramid scheme and gold has nothing to do with the income opportunity.
It’s simple! The affiliates cash out after their matrix is filled via subsequent investment.
However, it must be noted that the affiliates are given the option to cash out directly without receiving their reward in physical gold. The company has involved gold in its so-called shady business model because of compliance issues.
Since the owners are anonymous, they are the prime profiters in this cycler Ponzi. Owners of these cyler Ponzis sit on the top of the chain where their share of profit is huge (being the oldest member). And when the recruitment tanks and the cyler system inevitably collapses, funds attached to stalled matrices remain trapped in the system. Only the anonymous owner gets the lion’s share and the majority of participants lose money.