No. The program does not provide for a refund for participation, as participation in the program constitutes payment for a gold bar or a deposit when purchasing a bar.
FAQ and Answers.
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Can I terminate the participation in the program and withdraw my money?
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Does the user have the right to terminate the agreement and exit the program?
The user has the right to unilaterally terminate the Agreement. To do this, it is necessary to declare the intention to cease work on the project by sending an email from the account-associated address to the company’s email address. The email must contain the appropriate text and the user's name.
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Can I re – register my order in another person?
Yes. The Partner who made an order within the Affiliate bonus – marketing program has a right to re – register his/ her order in another person without specifying the reasons for such a procedure. By carrying out such a procedure The Partner acknowledges that he/she is solely responsible for all the costs associated with re – registration procedure that shall be 50 % of the total amount of the initial payment.
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Is this a Ponzi scheme?
No. RI GROUP Ltd is a company whose main activity is the sale of investment gold bars of 999.9 purity. Buyers of investment gold bars from RI GROUP participate in the advertising and bonus program. The company does not accept contributions for participation in the "RI GOLD" advertising and bonus program. The selling price of gold bars depends on the market price of gold at the time of purchase.
Explanation of the Legality of the Business Model: The company is engaged in the sale of gold bars and has supply contracts with manufacturing plants. According to the agreement, the plants sell the bars to the company at 5-7% below market price. The company adds a markup to bring the price up to market level, and its profit is directed towards direct sales marketing, distributing commissions according to its developed marketing strategy. The purchase of bars can be done in two ways:
- Full payment at once.
- Payment of a non-refundable deposit. In the case of a deposit, the buyer signs the corresponding contract. The company pays commissions from the profit of the deposit (5-7%) for recommendations and advertising aimed at promoting the company. When the buyer completes the payment of the remaining 95-93% of the price of the bar, the company transfers the product to them. Example: A 500g gold bar costs $40,000. The buyer makes a deposit of $1,380, which is distributed as a commission. When paying the remaining amount of $38,620, the bar is transferred to the buyer. If the buyer does not complete the payment within the time specified in the contract, the deposit is not refunded. In this case, the deposit is the company's profit. The payment of commissions for recommendations or advertising is not a violation of the law in itself.