What is Gold Tinkle About? Legit or Scam? – The Truth is Revealed!
What is Gold Tinkle about? Is it a legit business opportunity that you can safely venture into or a scam like most platforms you find on the net? I’m pretty sure that your search for answers brought you here. And I assure you that you will be able to answer these questions after reading my honest review on Gold Tinkle.
Genesis Business Group, with domain name goldTinkle.com, is an MLM business. One needs to be very careful before investing in any online business; and being alert and careful is beneficial considering the high numbers of online scams these days.
Although there is no hard fact to support Gold Tinkle‘s money-making claim. Reading this Gold Tinkle review will teach you how to identify a scam opportunity.
Kuala Lumpur, Malaysia, is where the Genesis Business group is located. They offer no services or products and the only thing affiliates on the platform are able to market is the affiliate membership on offer in Genesis Business Group.
Claims by Gold Tinkle shows that one can make money by engaging in simple activities. Referral commissions are paid by Genesis Business Group through a unilevel compensation structure; same payment method used by most scam/Ponzi schemes.
Out of the 15% monthly returns, Genesis Business Group keeps 20% for themselves and uses the remaining 10% in funding its compensation plan. Also, Genesis Business Group claims to be financial consultants and educational consultants, but there is no proof to support this claim.
Do I recommend Gold Tinkle?
- Recommendation: Not recommended
- Rating: 0/5
- Owner of Gold Tinkle: David Cheng
- Who can use this: No one but the owners of this platform.
So, this program is for people who desire to make money from home, earn online, and people who have interest in trading, MLM and affiliate marketing.
Table of Contents:
- If you just want to get started and earn money the legit way …
- Getting back to Gold Tinkle Review
- Genesis Business Group Compensation Plan
- What does Gold Tinkle’s training offer?
- Is Gold Tinkle a scam?
It’s very possible to work from home; it’s not that difficult as you may think. And, with the right information and training, you are good to go.
One may be hesitant to set up any online business nowadays, but this should not be so when there is a safe platform to operate from, not something that will steal your cash or data. Also, not something that can’t live up to its promises and run your pockets dry.
If you are interested in making legit money, but you don’t know how to start, then I advise you check my No.1 Recommendation …
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Getting back to Gold Tinkle Review …
Gold Tinkle has an objective, which is to obtain people’s details and forward this information to third parties; also, these third parties might include other hackers and scammers working with them.
When this happens, your personal information can be abused and bring harm to your life. You have to be careful when sharing your personal information. If possible, you should use a different email or phone number when signing up for programs like this; not your personal email and number.
Gold Tinkle also has a Facebook Page, which I have observed, and I did not notice any positive activity on this page, no likes, and their money-making claims, as well as their supposed family, appears to be a single person, who is the only one liking the page consistently.
The owner of this platform, David Cheng, could be real, but I doubt it since there is no valid information about him outside this platform.
So, what is Gold Tinkle about? Is it a scam? What can you say for a business opportunity that has no valid information about the owner? I’m sure you have an answer now.
Read further so you can confirm that this program is truly a scam and not worth your penny.
Compensation plan offered by Genesis Business Group
Just like most Ponzi schemes and scams out there, Genesis Business group uses a unilevel compensation structure to pay referral commissions. Below is an image of a typical unilevel compensation structure:
In this structure or system, an affiliate is put into place at the top of the team, and affiliates they recruit personally (level one) are then put in place under them.
If new affiliates are recruited by any level one affiliate, they are placed on level two in the team of the original affiliate.
Level three affiliates are recruited and placed under affiliates in level two, and this team continues to grow.
Commissions are paid to affiliates as a percentage. Level one receives 4%, level two receives 2%, and levels three to five receive 1%.
Couldn’t be more simple, right?
What does Gold Tinkle’s training offer?
Gold Tinkle claims to offer Trader Professional Training. In this training program, they offer their students easy to follow professional financing training.
This training consists of three phases:
- Phase one – teaches students the characteristic of trade patterns, profit algorithms, and trading rules.
- And Phase two – teaches students how to see transaction rules, analyze trading graphs and receive market entry signal.
- While Phase three – teaches students to use MT4 or MT5, which comprises of open trade, closed position, and how to take profit and stop-loss settings.
Is Gold Tinkle legit or a scam?
Honestly, there is nothing legit about Gold Tinkle. It is definitely a scam.
These are some of the red flags I discovered about this business opportunity …
1. Although the group shows details of NFA registration, it is pointless as the NFA page shows that the Genesis Business Group are not members. You can check the official website of the NFA, and you will see for yourself that Gold Tinkle are non-members even if they have an NFA ID.
2. Joining the platform is free, but you will still have to invest if you want to make money.
3. Their website is not transparent.
5. The site is registered in Panama to a PO BOX Number.
Since Genesis Business Group has no verified income source other than investment from affiliates, it’s very possible that it is operating as a Ponzi scheme.
And like any Ponzi scheme, once new affiliates are not recruited, they will be no new investment. When this happens, this platform will collapse since there is no ROI revenue.
From what you have seen or heard in most Ponzi schemes, most participants lose their money when the business collapse. Since Genesis Business Group has no verified revenue source, we can conclude that this business venture is operating as a Ponzi scheme.
Besides a few trading charts found in their presentation, there’s hardly any evidence that Genesis Business Group performs any form of trade.
And that’s not all …
Another disturbing fact is that Gold Tinkle has no proof that it uses external revenue in paying affiliates on the platform. But one thing we know for sure is that Genesis Business Group uses investment from new affiliates to pay returns to existing affiliates.
As a result, I wouldn’t fancy investing the money I worked hard for with this company. Since I know that I can make money from recruiting new affiliates, I could register with them and promote this business opportunity.
But It is not in my nature to scam people, friends and family; thus, I won’t recommend this business opportunity for anyone.
This is nothing very different from most of the Trading Crypto / MLM scams or Ponzi schemes that I often get to investigate and write about. If you are interested in reading some of them, feel free to do so …
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After reading this Gold Tinkle review, you can now answer the question for yourself … “What is Gold Tinkle about?” Please, share your thoughts, opinions, questions, or experiences in the comment section below. Thank you!
Thanks for reading this Gold Tinkle scam review
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