Gold Quest has been banned in Nepal,Sri Lanka,Iran for fraud and cheating millions of poor people?. Is it tru
Answer:
This is indeed a Fraud Company which has cheated millions of People worldwide including 15,000 people in Nepal where many poor people had sold their wealth to join this Gold quest company. In Iran more than 600,000 people joined and it was closed after the Iran govt banned it for its PYRAMID fraud money making scheme. In Sri Lanka several thousands of Poor youngsters from villages have lost their money. In this classic Pyramid Scheme, the top guys who join in the beginning make money. The guys who join late lose their hard earned money. Imagine the Gold quest Hong Kong fraudsters selling a 6 gram Diana,Pope,Jesus gold coins for Rs 25,000 or more . Gold costs Rs 800 per gram x 6 = Rs 4800/-. Gold quest makes a stinking profit of Rs 20,000 per coin. The Persons In India who market this fraud company tell many lies. Recently i attended a meeting in a house in chennai where they showed a video of a Person saying that these modern privately minted coins are "antiques" and their price will go up in lakhs and crores in a few years as they have been minted less. The person trying to sell me the Gold quest product said that "A Gold coin and 6 silver coins sold by Gold Quest in India in 2000 to 2 persons only in India has been offered 30 lakhs but the Bank Manager in Pondhicherry who has one set does'nt want to sell it now but is waiting for it to go up to 1 crore!. WHAT A GREEN LIE!. As a Coin collector, I know that most of the old antique 8 grams Gold sovereigns of King george V sell only for a slight premium than the gold value and only rare gold coins and coins in UNC(uncirculated condition) have a good value. Who will buy these PRIVATELY minted 6 gram coins of Diana, Pope,Jesus,Pillayar, at a fabulous amount as these SCAM GOLD QUEST MARKETERS CLAIM?. Gold Quest Executives in Hong Kong go to poor countries like Cambodia, India, Nepal, Sri Lanka and throw lavish parties for Politicians,Businessmen in the hope of getting their Product advertised. In Sri Lanka Many Politicians have been given free tickets to Europe(Monaco) by this company . In India I had heard at least heard half a dozen People saying that top politicians in India are legal advisers to this company.
Let us be wise. Any money making scheme which promises quick riches is bound to collapse. I know that SKYBIZ collapsed several years back and millions of indians lost rs 6,000. Of course Some of the guys who joined in the beginning of the operation made lakhs. This lakhs of money made by these PYRAMID SCAMSTERS is at the expense of millions of poor people(middle class) who sell their gold jewels,their savings to join and make money.
OUR GOVERNMENT SHOULD CLOSE THIS COMPANY AND OTHER MLM AND PYRAMID SCHEMES THAT TAKE OUT MILLIONS OF DOLLARS OF OUR HARD EARNED FOREIGN EXCHANGE OUT OF OUR COUNTRY SOON
yes it is.but mostly for the negative effect of it on young people's minds and vision
Undoubtedly it is true. There are cases in india, but our secondary rated politicians supressing the matter and cheating/fraud continude in Republic India.
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