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Gold broker seeks business in CNMI
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Posted on Feb 26 2001
Some 30 people assembled at the Canton Restaurant in Saipan’s Garapan district to listen to three people talk about a business opportunity that promises financial freedom and more time for family.
Goldquest International, a retailer of gold products headquartered at the 6th floor of the Centrum Plaza Building in Hong Kong, promises earnings of as much as $80,000 a year in customer referral.
The company sells gold products that are limited in vintage like gold coins and gold necklaces. The business works like this, when a buyer purchases a gold product from Goldquest he or she becomes what the company calls a Tracking Center Owner and is given the right to sell gold products to other people.
He or she has to recruit 10 persons, five persons per group — what they call the left and right wing — to earn $400. In short, a person earns $40 per recruitment. If she gets another five recruits in each of the two sets, he or she doubles her income.
The person he or she recruits can also sell the gold products and can have their own genealogy chart, a listing of the people recruited and distinctly laid out in two sets. To maximize earnings, the two wings should be equal in number.
Therefore, if a person gets to recruit a total of 1,000 people in a year, and is distributed subsets of five in each of the two wings, he or she can have the opportunity to earn as much as $80,000 annually.
According to one of the speakers, the gold products will be delivered to the buyer’s home via Federal Express.
One of the speakers, Patrick Zuniga, was quick to point out that Goldquest is not in anyway a pyramid scheme nor a multi-level marketing company. He even said that it operates in a number of countries that include Australia, Malaysia, Thailand and the Philippines.
Mr. Zuniga even revealed that the company had no trouble setting up in Singapore, a country known for its strict business laws. He also said that since Goldquest was established in 1998, it has grown its membership to some 200,000 around the world, the Philippines alone has 70,000 members.
