|Is Karatbars a scam or is it legit? Welcome to my comprehensive review of Karatbars, where I expose the naked truth about Karatbars International.|
|Website: https://www.karatbars.com |
Founder & CEO: Mr. Harald Seiz
Program Cost: Free to join
Rating: 5 out of 10
My Introduction To Karatbars
I was introduced to Karatbars by a man I met at the gym. We were running next to each other and started talking. We spoke about work and he told me he had a business opportunity he wanted to present.
I answered I did not want to waste my time if it was one of those MLM’s, but he promised it was much more interesting than that. He told me it was about investing in gold, which caught my attention.
I have personally already invested in gold through a gold dealer called BullionVault to hedge against the COVID-19-related economic shutdown and its devastating effects on the economy.
I would recommend any investor to take action now before it might be too late. Just a small allocation of precious metals–5% to 10%–could add a significant amount of protection to your portfolio if things get ugly in the financial markets.
If you have never invested in gold before, you can find everything you need to know in How To Invest Gold’s Guide On The Best Ways To Invest In Gold.
Anyhow, I met up with this man two days later at a café, not far from the gym. He presented Karatbars (their website), and then we watched an introduction movie of the Company.
He said it was better to watch the movie than him explaining the business because he did not know so much about it just yet. He was new to Karatbars.
After watching the introduction of Karatbars, he continued by telling me the only thing I needed to do was to find three people that would like to invest in gold as well.
“Kaching! The coin dropped!”
As soon as he asked me to recruit other people, I understood that Karatbars was another MLM business opportunity.
It was just presented a bit more romanticized… He actually offered to pay for my first investment in gold.
And don’t we all want beautiful, shiny gold?!
I politely thanked him, and said I was not interested MLMs, since I had tried it already with a company called Nu Skin.
They are all based on the same business model, and the money is in recruiting, which I dislike doing.
Nu Skin was a big failure for me, and I lost a lot of money in the process of trying to become an independent distributor, so I learned my lesson.
You can read about my journey with Nu Skin here if you want:
Karatbars would have been interesting if you could start making money from investing in gold by itself. But unfortunately, this is not where the money lies.
Let us take a closer look at Karatbars, and its business model.
|Karatbars International History||Gold For The Masses?|
|I aim to provide the best and most accurate information to my readers on this website. Some of the links in this post are from sponsors. Read my Advertising Disclosure.|
Karatbars International was founded in 2011 and is now operating in over 70 countries. Their headquarters is located in Stuttgart, Germany.
Karatbars International is a global eCommerce business operation that specializes in selling gold bars. The Company is financially secure, debt-free, fully self-funded, and distributes these gold bars through its affiliates.
Karatbars claims they are offering a logical, affordable, and universal solution to the world’s current debt and currency crisis.
The Company offers seven ways for affiliates to earn income through its binary compensation plan. More about this further down.
Karatbars’s presentation: “Karatbars International GmbH offers a wide range of products and options in the 999.9 fine gold market space. Our core products are 1g, 2.5g and 5g minted 24 karat gold ingots from LBMA accredited refineries”.
The owner and founder of Karatbars, Mr. Seiz, wanted to offer a way to help people buy gold for less than it costs.
Less than it costs? Hmm….I don’t agree (you can see the price of the Karatbars gold further down).
His mission was to bring gold to the masses. He invented a business model, where people could buy gold at a discounted price, which made it possible for people to invest the gold and change the currency into a much more valuable and secure investment commodity.
Yes true, but there is a but… It always is..
Continue reading to find out more.
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Karatbars’s gold is purchased by first completing a simple form online (on their affiliate website), where you also upload your identification.
Once the form is submitted, you will receive an email with another form that must be signed electronically and be submitted.
After submitting the documents, a Karatbars International Executive will give you a call to discuss options, and inform you about the process involved in purchasing the right gold for the best retirement benefits.
To get a gram of pure 999.9 gold, you have to invest in Karatbars Silver Level, which costs $371.49. They start with a Bronze Level, but it does not even give you a gram of gold.
Then you have the Karatbars Gold Package, which costs $844 and includes 14 x 3% bonus cards, 14 X $106 bonus cards and 2 X 1g gold cards. All prices are originally in Euros, but I have converted them to U.S. $$.
Karatbars also has a VIP Package. The VIP package costs $2040.55, and Karatbars claims it to be: A full business in a box. It contains all of the previously listed items, but also comes with even more bonus cards, brochures, and 3 x 1g gold cards.
As you can see the Karatbars gold is way over-priced, and on top of this, you have to pay for shipping.
However, to solve the expensive shipping cost Karatbars offers a vault, where people can store their gold until they have more gold to ship in one shipping.
If you are looking for a gold supplier in the U.S. that you can trust and that will deliver only the finest gold coins and gold bars, I would highly recommend Goldco. Goldco is the leading provider of precious metals and offers two major services: precious metal IRAs and direct purchases.
You can easily roll over or transfer your existing 401(k) to precious metals, and enjoy the same tax advantages as a regular IRA. You can find more information about gold or precious metals IRAs in How To Invest Gold’s Gold IRA Guide or request the free Gold IRA Guide.
If you want to know more about how to invest in gold, and whether it is best to invest in physical gold, gold mining stocks, futures options (EFT’s), or gold bonds, you should check out a comprehensive gold investing guide on the best ways to invest in gold.
So how can Karatbars rightfully claim that their gold is for the masses? That it is discounted so low that the masses can afford it?
Karatbars means, they are offering an opportunity to earn discounts when signing up other people. The more people you sign up under you, the cheaper the price of gold becomes.
This is how Karatbars can claim their gold is affordable even for the masses.
It makes me wonder how many people you have to recruit before the gold becomes discounted enough and below-market value or gold spot price?
Pros Of Karatbars Business Opportunity
Cons Of The Karatbars Business Opportunity
Now, to the question, I believe many are asking…
Well, gold has been around for five thousand years and it has also been the world’s currency for 2,800 years.
|Gold is definitely here to stay and adds significant protection against inflation and currency risk.|
However, Karatbars’s business model is what many people call a pyramid scheme or a Ponzi-scheme.
The people on the top of the pyramid, with the most people in their downline, are the ones who can buy Karabars’s gold to a cost-efficient price and make the biggest investments.
But Is Karatbars A Scam? No!
It is a business opportunity like any other MLM company, and if you are seriously good at recruiting people, you can buy discounted gold and protect your savings.
|Karatbars offers 7 ways for affiliates to earn an income. These are: |
I would definitely have jumped on the bandwagon if one did not need to recruit people in order to get the discounted gold.
The Karatbars gold is too costly for most people, even when discounted.
Goldco, for example, offers 10% back in FREE silver if you buy your precious metals from them.
The business opportunity is not a way to earn commissions from sales, like other affiliate programs, but to be able to buy gold for a discounted price as you build a team. The bigger the team with people under you (your downline), the more discounts you will receive.
Karatbars means that unlike paper currency, the value of gold will never disappear. The more gold you can invest in today, the better prosperity and safety-net you are building for the future.
Consequently, your first task is to enroll three like-minded individuals in the program. This is what the man from the gym tried to do when targeting me. He said he needed me to start building his organization.
When you have your three people signed up, you have to make sure they find another three people to do the same. If the people underneath you would not manage to recruit, everything fails.
You will not be able to buy the discounted gold, which was why you worked your a..* off trying to recruit in the first place. This is absolutely a dilemma, and I understand why many people are against Karatbars and their business model.
Karatbars Tools & Training
The training as an affiliate with Karatbars consists of:
The support is through all training models above and also from contact with your sponsor who you signed up with.
Is Karatbars a scam? No, I would not say so.
The program is not a bad idea. It is just that it is very difficult to find and recruit like-minded people and be able to buy the gold for a discounted price. You have to build a huge team or organization underneath you before the gold becomes discounted enough.
Although, it is great that Karatbars offers an opportunity to invest and build a more secure foundation for the future, since we cannot know if or when the paper currency is going to lose its value.
Especially now, with an ongoing Coronavirus pandemic and the economic shutdown it has resulted in this far. The Federal Reserve cannot keep printing money out of thin air forever.
In addition, you can make purchases with the gold cards, which is good. Karatbars states a converter machine that will convert the gold into cash (when you need to make a purchase) is coming soon, as well.
Finally, Karatbars has very mixed reviews online. I believe this is a result of peoples’ negative feelings towards pyramid schemes. There are so many people (including myself) who have tried MLMs and lost a lot of money in the process.
The price of failing is also very costly, since you have to purchase products or pay for monthly memberships to be able to participate in the business.
|Website: https://www.karatbars.com |
Founder & CEO: Mr. Harald Seiz
Program Cost: Free to join
Rating: 4 out of 10
|Sign Up Karatbars |
My #1. Recommendation To Make Money Online
Have you heard about affiliate marketing? If not, I am sure you know about blogging or know someone who has a blog. Have you ever wondered how bloggers make their money?
Here Is Where Affiliate Marketing Comes Into The Picture
Affiliate marketing is a proven business strategy to make “real” legit money online. To summarize this business model: You are selling other businesses’ products or services and are making a commission when someone makes a purchase from your website/blog or social media.
You do not have to invent the wheel yourself. Instead, you can just jump on it and sell (or market) products that are already selling.
This model explains it better:
1. You recommend a product or service to people on your website or social media.
2. Some of those people will purchase the product or service based on your recommendation.
3. You get paid a commission for the purchases made from your website.
You are not making the sell directly from your website/blog or social media. You will get an affiliate link with a personal ID that links to the respective product or service you are promoting.
You can read more about affiliate marketing in my prior blog post:
This business model really spiked my interest. I had been looking for different ways to be able to work from home and make a good income, while not having to be locked up in an office, where I did not want to be 8+ hours a day, and be forced to do a job I really did not like.
I actually found out about affiliate marketing when researching more information about Karatbars, so in that sense, I am grateful to the person who first introduced Karatbars to me. I started researching affiliate marketing and signed up for an online course.
If you too are dreaming of becoming your own boss and make a serious income online, you should definitely take help from a mentor, who is an expert in the field.
Get Started Fast – Learn From An Affiliate Marketing Pro!
If you want to maximize your learning and earnings, I highly recommend the digital workbook Work At Home – Secrets & Scams by John Crestani.
Learn the do’s, and don’ts of affiliate marketing from a professional. John Crestani backs up earnings of 8-figures per year and is a big inspiration.
Before I go, I have to inform you that affiliate marketing is NOT a get-rich-quick solution.
This is a REAL business. A long-term business.
But it can be as profitable as you make it. There are no limitations to how much you can make.
As soon as your blog/website/social media is gaining authority online, you will start earning commission, and more and more companies will also contact you about advertising, link insertions, etc.
It is snowballing from there, which is really great.
Remember this: The Future Is Your Creation!
|Disclaimer: The owner of this website is not licensed as an investment advisor and, accordingly, does not make any recommendations regarding clients’ personal investment portfolios. It is recommended that you carefully evaluate and research the risks and rewards associated with investing in alternative assets such as physical precious metals and cryptocurrencies before you make a purchase.|
About The Author
Stina Pettersson is an aspiring entrepreneur who is working on achieving her goals as an Internet Marketer.
Stina was tired of her corporate job as a Marketing Specialist and wanted to stand on her own two feet.
Stina is originally from Sweden but has resided in the U.S. for the past seven years.
“My main goal is to maintain a flexible lifestyle, where I set my own schedule. Even that I work hard, I love what I do every day, and I also have the opportunity to help other people which is a huge gift.”