Has anyone got anything to say about GOLD QUEST or QUEST NET? Is it worth joining or is it a scam???!! Pl help

Question

im tempted to join GOLD QUEST / QUEST NET IN INDIA. can anyone guide me about the pros & cons about this scheme? does it really work or is it a scam?

thanks

Answer 1

If you do not check a company before entering into a transaction, you could lose your money, time and credibility. Some widely used resources are the Better Business Bureau (www.bbb.org)and the national fraud center (www.fraud.org). These days, you can easily find out more about a company using the internet in a few minutes. From a company's website, you can find details about its ownership,how old the company really is and feedback from the company's customers. You can find more detailed information about a company at http://www.pcworkathome.net/scamcheck.ht...

Answer 2

Hi,

It depends on what your principles are. Ask yourself these questions

    * Would you like to be paid for helping someone cheat someone else?

    * Are you prepared to accept the risk of losing your money?

The most important question here is the first. The second question isn’t much important here, as the probability of that happening is infinitesimal as of now.

The gold coin that they offer is worth not more than 11k(the 10g one) owing to all the reputation of the Mint where they say it is manufactured. They may say that our focus is just the referral money and not the coin, and that the coin is just a way to get the customer id that is needed to get into the business. Taking it that way, you pay 30k and buy a product worth less than 11k to enter the business. To recover the 19k you lost, you need to bring in atleast(best case, where your tree is balanced) 6 people on each side(12 total) of your binary tree(11.5k per 3 on each side, ie., 6 total for the best case where your tree is balanced). For every person who joins the tree, 6 ppl(at the max) in the tree get benefited(each benefited person would get 2k approx. 11.5 for 6 ppl=~2k per person). So, the company’s bare minimum profit here is 7k per referral. Think of it again. The person who joins, starts off with a loss of 19k, some unrelated 6 ppl get 11.5k total, and the company earns 7k making fool of all others. This might not seem an issue if everything works out the way they claim things to work, as you get back the money within 3 fortnights(worst case as they claim).

But think of one more thing. When a person should join the tree, he should buy a  coin from the company, and they claim that the coin’s cost is for its rarity, and that each kind of coin is manufactured in limited numbers, which means that for the tree to be growing at the same pace, the throughput of the coin must be increasing exponentially(1 refers 2. These 2 refer 2 each, and so on). The company can keep this going only upto a certain extent(no company can have infinite manufacturing capability, especially, given that the business runs around gold). When this saturation occurs, the people who have atleast 3 levels of referrals below them would have earned their money back, and the others up the ladder would have earned a lot. But what about the people at the bottom who joined recently? They lose 11.5-19k, depending on which of the last 3 levels of the tree they are in. Imagine the number of such people who would lose. Right now they claim that around 8000 customers are there in India, which means that 4000-6000 are there in the last 3 levels(those who haven’t yet got back their money). At the next step it would be 8000-12000 and this number would increase as time goes on. Once the growth of the tree stops, nobody gets anymore money and the job is done for the company. Gold Quest International would have earned billions by then, which would be nothing but the money lost by the people at the last 2 levels of the tree.

Think over the above points in a rationale way. Doesn’t it look like the people at the higher levels of the tree are being paid to get a large amount of victims for the company to cheat? What else is the work that those people do for the company to pay them? Would someone pay money for nothing? All the concepts that they explain saying that “the money that goes to brand-stars comes to all of us” is all catchy words to establish the credibility of the company.

There is a board to control multilevel marketing and referral marketing, which approves companies to do such business, and Gold Quest isn’t approved by the board(Check this fact for yourself. Exercise your RTI). The ISO9001/2000 guarantees the quality of the product(which is the gold coin) alone, and not the pricing(if i’m right) or it doesn’t cover this referral process(Fix me, if i’m wrong. Am not very confident about my TQM concepts).

To wind up, Yes! You are very likely to get back your money and earn a little more if you join at this time, but think of it in ethical viewpoint, as you are instrumental in the company cheating a lot lot more people later. If making money is all that you are interested in, its a good investment to make, but if you are bothered about ethics even to the slightest extent, think about it. This looks like the old chit fund cheat business in a new bottle, framed by a very talented Marketing team.

Answer 3

Dear friend,

You can confidentaly join quest net. I will give u the detail business overview of quest net. If you are interested to join pls let me know. I will guide u step by step. My email id is [e-mail].

Business OverviewWith full commitment and understanding of this business, anyone above the legal age limit of minimum 18 years can easily earn US $250 per-week. With more confidence and experience, the income may reach as high as US $2,400 per day per operating account! The only real ceiling of your income is yourself. GoldQuest pays you weekly in Dollars and in Gold. GoldQuest is a lifechanging opportunity. This is the only retail business where the majority of participants/customers have a realistic chance of truly achieving their desired financial objectives for their work within a short period of time, that is between 2-5 years.GoldQuest is a multi-national company recognized and accepted internationally as a reputable retailer of gold products with its head office in Hong Kong and several representative offices in key business cities across the globe.  GoldQuest is in over 198 countries since its inception on the 8th of September 1998. It opened its first retail store on the 15th of July 2000 at the Shopping Arcade, Convention Centre in Hong Kong - a clear sign that the company is meeting the tough expectations put forward by the global market while enjoying a high-level of customer confidence worldwide.  Digital Edge in Communication and Commerce GoldQuest harnesses the power of the Net and the most modern of technologies to communicate to its customers and conduct business with them in the most efficient manner possible. Its venture into electronic commerce, through the creation of the Online Store on May 2000, is already generating a quarter of the company's total sales. The Electronic Communication Center furnishes all Internet information internally and externally. The Internet Development Group ensures a secure environment for the company's customers to shop online. With the ability to address the rapidly increasing needs of its customers while providing them with a secure and entertaining shopping experience, GoldQuest has become one of several companies whose online services are a major part of its global operations.Let us consider some of the facts about GoldQuest International and let's apply due diligence ourselves.             How many companies in the world, do you think, could have withstood the in-depth due diligence applied by The Sydney Olympics Committee to qualify as a distributor of the Sydney Olympic Commemorative Coins Set minted by the Royal Australian Mint and The Perth Mint? Additionally, GoldQuest International, has distributed coins on behalf of many of the world's major mints. GoldQuest International is in a powerful partnership with the Mayer's Mint of Germany, one of the world's oldest (130 years) and most respected mint. Goldquest has already been granted worldwide rights to distribute the 2002 World Cup Football commemorative coins by FIIFA. Today, GoldQuest International is one of few bidders left in the race to be the official designer, minter and distributor of the 2004 Athens Olympics Coin Set. No mean feat by a young company by any international standards, don't you think so? And yes, we are also looking further down the road to the 2008, Beijing Olympics.     GoldQuest retails very high quality gold products, minted by equally highly reputed mints around the world. In 2004, GoldQuest International became the exclusive worldwide distributor of the Champions of Peace Series, to commemorate 20th Century men and woman who have made valuable contributions to world peace and human development. Already in circulation are the 1oz, 24 karat proof mint gold coins depicting the images of Mahatma Gandhi, Pope John Paul II, Princess Diana, President JF Kennedy and President Soekarno. Coming into circulation soon, are the commemorative coins depicting Mother Theresa, President Nelson Mendela, Martin Luther King and probably Gorebachev.    

Would The Vatican have endorsed GoldQuest International if it were not a reputable company? Would the Pope even consider granting an audience to the Managing Director of GoldQuest International, Mr Vijay Eswaran on 17th May 2000, on the eve of his Excellency's 80th Birthday, if there was the slightest suspicion that the company's values and conduct were despicable? In fact, two directors of GoldQuest were granted this audience with Pope John Paul II, at which time he endorsed the coin series bearing his image. Many heads of state are unable to secure an audience with the Pope, so this was no mean feat, don't you think?        

The GoldQuest business operates in Singapore, a country which has, arguably, the world's tightest controls over network marketing businesses. Why would GoldQuest International establish itself in the pulse of Singapore - Orchard Road for almost three years and consider forming its Regional Headquarters, in Singapore, if the company is not for real? As a networker, you will know that Singapore has really little tolerance for MLMs and Pyramid Schemes.    

Some say the company is overpricing. Is that true? The company is retailing limited mintage gold coins and gold watches at prices it believes are comparable to market prices and those quoted by mints around the world. The outright purchase price of an 1oz Pope John Paul II Coin was US$770. This is a collectors item product, only 10,000 pieces minted, carrying the millennium year 2000. Would you consider this as too high a price when there are about 1 billion Christians around the world? In fact, on 20th Nov 1999 the Singapore Straits Times, featured the 1oz Year of Dragon Coin quoting a price of S$1203.05 (US$720) which I felt was a fair price for a limited mintage of 7600 issues. What do you think would be the going rate when the Pope 2000 coin is auctioned say 25 years from now? In fact, the entire mintage of the Pope Coins have been sold out. Obviously 10, 000 buyers round the world knew the difference between a 24 carat Gold Product and a scam business. Internet watchers also know that that the 1st Series of the Sydney Olympics Commemorative Coin Set sold at US$700 by GoldQuest in 1999, is today bidded at US$1200 and above. Is this overpricing? The Independent Adjudication Council (IAC) is an International Judicial Organization, totally independent, and Chaired by former members of the judiciary. It was created to review decisions made by multi-level or network marketing companies to ensure that they perform their decision-making functions fairly. GoldQuest International, initiated the formation of the IAC, a body now wholly endorsed by the United Nations. Would not this be the strongest legal endorsement for GoldQuest International?    

GoldQuest International today has more than a 1,300,000 network customer based in more than 198 countries. GoldQuest does not pay anything for recruitment for the simple reason because it is not in the recruiting business. However, GoldQuest pays commissions when we conclude sales of GoldQuest products. Everything is based on a sale and transaction, of a product or commodity. Essentially, as an independent contractor, when you conclude a sale of a GoldQuest product through mail-order or e-commerce, and when this sale is consummated in the GoldQuest Headquarters' in Hong Kong, you are only then paid a US$250 commission … paid collectively upon completion of 6 sales.      

GoldQuest International operates internationally on a very simple principle. The company will always comply fully with the laws of the country it operates in before it establishes its business and offices in that country.

THE COMPANY          

GQI was founded in September 1998 by two strong financial entities from the EU and ASEAN. It is incorporated in the British Virgin Islands with Headquarters in Hong Kong. GQI is growing fast, owing to its quality products and unique and lucrative commission system. GQI is in the field of networking. GQI has been tested by laws of many countries. Singapore, which is known for its strong anti-pyramidal law, has allowed GQI to operate there. Besides Singapore and Hong Kong, GQI has opened offices in six other Far-East countries as their business expands. This year offices are planned to be opened in Europe and North America. We are very satisfied in which way the company operates and have found its management and methods reliable and trustworthy.

Answer 4

Find out here:

www.goldquest.com

Answer 5

Its a scam... i bought the gold and lost the money... there are no buyers in market... total fraud

Answer 6

My four years with Questnet has changed my life, from a Finance executive with a MNC 4 years back, who was still strugling financially with a high life style maintenance to keep the executive status in the society, became a full timer with in two years & fairly successful today with my network in 8 countries & financially free, will be enough reason for you to give a serious look at questnet, for futher details contact me on [e-mail]

Answer 7

Well I dont know if this is a Scam or not, but I have met and checked records of a person who has earned US$160k in 18 months sitting in India.