SilverChief Mint is a Multi-Level-Marketing (MLM) company that operates in the precious metals niche. It is a silver commodity company based in South Africa. SilverChief Mint is hinged on a business system that lets investors generate cash flow to buy Silver.
Founded by Brandon Marriott, SilverChief Mint poses as a path to financial freedom through its access to “completely priced Silver”. Yet, the nature of SilverChief Mint’s business offering as well as its inner workings gives it off as a Ponzi-Pyramid Scheme with a precious metal ruse.
Upon research, a prospective investor finds out that SilverChief Mint has no underlying investable product, service, asset, or business that it markets. All that is there to be marketed or sold is the company’s affiliate membership. Apart from the fact that this business trait is characteristic of Ponzi schemes, It also reveals the shabbiness of SilverChief Mint.
Also, SilverChief Mint is grounded on the recruitment of new investors, and it pays commissions on personal recruitment efforts rather than the placement or hierarchies of investors. Also, the rate of affiliate subscriptions is sky-high when compared to nonaffiliate subscriptions. This means that most, if not all, of the members of SilverChief Mint are the recruitment efforts of existing members.
Furthermore, there is no proof that SilverChief Mint has an alternative income source. The only verifiable source of income is money garnered from membership subscriptions. Apparently, the company’s Silver commodity is just a ruse.
As would be expected of shabby scam schemes, SilverChief Mint’s website is devoid of essential corporate information. It is woeful that SilverChief Mint does not provide details of its compensation plan on its website. In the MLM world, this omission is unpardonable.
SilverChief Mint runs a binary compensation structure. It pays its commission via this structure. A binary compensation structure places an affiliate at the top of a binary team, split into two sides. The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each. Each new level houses twice as many positions as the previous level, and these levels could spread down infinitely.
This business model is used to shuffle funds amongst investors in order to create a semblance of earnings. This model is also used to funnel funds generated by the bulk of low ranking investors upwards towards the few investors in the higher echelon.
SilverChief Mint’s future is predictable. As soon as affiliate recruitment stalls, the cash flowing to the hierarchies would stall too. Smart members of the upper echelon and a few early adopters, smelling a crash, would cash out and the majority of investors would count their losses.
