At Cost Metals seems like a great way to save money with precious metals, but be careful! It’s actually the Preservation of Wealth, a sneaky pyramid scheme pretending to be a metal investment chance.
Is At Cost Metals Legit?
This review delves into the depths of At Cost Metals, exposing its deceptive practices and predatory nature.
Ghostly Ownership And AI Hype
The website proudly promotes an anonymous leadership, a stark contrast to legitimate businesses. Instead of transparent ownership details, you’re greeted by AI-powered marketing videos, PDFs, and metal prices.
Preservation Of Wealth’s Shadow
Scratching beneath the surface reveals Justin Davis, the mastermind behind Preservation of Wealth, a notorious MLM scheme that crumbled under its own weight in 2014.
Back then, the company faced accusations of bouncing checks, undelivered coins, and unpaid commissions – a symphony of red flags echoing in At Cost Metals’ present.
Products? More Like Pyramid Bricks
- The advertised metals appear unavailable to retail customers.
- The true product, however, is evident – affiliate memberships, the lifeblood of any pyramid scheme.
- At Cost Metals, you pay $149 or $399 to become a recruiter, dangling the carrot of commissions earned solely through enrolling others.
Climbing The Rank Ladder
The climb to riches within At Cost Metals involves scaling a three-tiered rank ladder. Each rung requires recruiting more affiliates, ensuring a constant influx of fresh blood into the pyramid. But beware, the higher you climb, the more recruits you need to maintain your precarious position.
Commissions
Direct recruitment earns you a measly $25 or $50, a pittance compared to the multi-thousand dollar residual commissions promised.
These, however, are mirages shimmering in the recruitment desert. They’re generated through a binary compensation structure, a complex web that heavily relies on continuous recruitment.
The Inevitable Collapse
As with all pyramid schemes, the music stops when recruitment dries up. Existing affiliates, unable to sustain the recruitment frenzy, stop paying fees, triggering a domino effect that leads to the inevitable collapse.
Just like Preservation of Wealth, only the top dogs, like Justin Davis, will reap any significant rewards, leaving the rest drowning in debt and disappointment.
The FTC’s Verdict
The Federal Trade Commission (FTC) has a clear stance on MLM schemes that lack retail sales – they’re illegal pyramid schemes. At Cost Metals, with its nonexistent retail component, blatantly falls into this category.
Read: Savings Highway Global Review: Is SHG Legit?
At Cost Metals Review
Summary
At Cost Metals is not about precious metals; it’s about exploiting the allure of wealth to trap individuals in a predatory pyramid scheme. The ghosts of Preservation of Wealth haunt its every corner, serving as a stark warning. If you’re considering joining At Cost Metals, remember this: the only riches you’ll find are for the likes of Justin Davis, while the rest are left holding the empty bag.