- 1 Karatbars International Review Update!
- 2 What is Karatbars International?
- 3 Is Karatbars Gold Better?
- 4 The Karatbars International Business Opportunity
- 5 The Karatbars Compensation Plan
- 6 The Cons Of Karatbars International
- 7 Conclusion to my Karatbars International Review
“Gold, Gold Ueber Alles (‘Gold, Gold above all‘ or ‘more than anything else’)” Sounds familiar to you? I am kind of sick and tired of the “doomsday apostles” telling us to buy gold because…..
- The dollar is fiat currency and worth nothing
- The next depression is coming
- The economy is going to crash
- Paper money isn’t real money
- Save in gold to store real wealth
By the life of me I cannot understand what they are talking about. Let’s face it, 95% of all people struggle to make it from pay check to pay check. You think there is room left to buy gold and throw it in a box “to store real wealth”?
Or maybe build a huge underground “bunker” and hoard as much as you can, like Uncle Scrooge.
Don’t get me wrong, I understand the value of gold and think it’s a smart decision to have some gold in your investment portfolio. But look at the down side; gold doesn’t pay interest or dividends and it does not have a fixed value.
Like stocks and bonds, gold and the other precious metals are subjected to unforeseeable fluctuations and your investment is always at risk to lose in value.
Is buying and selling small amounts of gold a “Business Opportunity for the masses”?
Harald Seiz, founder and CEO of Karatbars International, thinks it is. Lets take a look at his company and the great business opportunity he claims to offer.
What is Karatbars International?
Karatbars sells small quantities of 999.9 or 24 ct gold. You can buy as small a quantity as 1 gram. Gold is usually traded in ONE Troy Ounce bullion, equaling 31.1 grams.
What’s unique is the packaging of the gold bars. The piece of precious metal is embedded and sealed in what looks like a credit card and contains a graphic bar code with item details and authenticity certificate.
Besides the gold card, there is some other stuff in the box. Nice looking brochures, more plastic, like bonus cards and pre-paid credit cards, ect. Watch the short video and see for yourself.
Is Karatbars Gold Better?
They claim that theirs is the finest and highest quality gold available. This is a bogus claim, however. Their gold is like any other from any other dealers. 24 ct or 999.9 gold is cleaned of all impurities and NO alloys are being added. It is a very soft metal and, at this purity level of no use for any jewelry application.
The Karatbars International Business Opportunity
Herr Harald Seiz from Stuttgart, Germany, and his sales rep vehemently deny that Katbars Int’l is an MLM. I agree, because you would not have to be concerned about what “LEVEL” of the typical MLM Pyramid you are on.
You also would NOT have to worry about what percentage you would get from each of your recruits.
Fact is, however, that you will have to constantly recruit new members in order to increase your sales volume, and increase the amount of money you make.
Harald Seiz created a system that IS NOT a typical, and illegal, PYRAMID SCHEME. But you will not be making money from a commission for the sale of gold, rather from recruiting new members and making money off of their sales.
And that is still a standard MLM to me, no matter how you look at it. Particularly, since you will have to purchase Karatbars packages to qualify for certain bonuses, which generate the income for you and the other members of your sales group.
Take a look at the Karatbars Bonus Packages and the pricing thereof.
Important: You can dismiss the “gold value” ($65 per gram) as this will be adjusted according to the “spot price” of gold at the day you make a purchase. This results in adjustments of the “Approximate Cost” as well.
The Karatbars Compensation Plan
Every MLM I was involved with, or reviewed, has a rather complicated, and hard to understand compensation plan. The Karatbars plan is no different in that regard. Although they don’t have “pyramid levels”, per se, it works just the same. They call it “left leg” and “right leg” and speaking of “cycles“. It’s best you watch the video, so you clearly understand what I am talking about.
It’s not too easy to understand, is it? But the way the folks present it makes you think that making a couple of hundred thousand a year is easy.
Before you jump in and order your first package of “real value” in case our economy goes to hell (can it get worse than it was at the end of 2008?), or the sh**t hits the fan, let us take a look at the CONS with this outfit and the whole program.
The Cons Of Karatbars International
Karatbars Gold Is Overpriced
Today, February 15, 2015 the spot price for ONE gram 999 fine gold is $39.50. Katbars adjusted gold value is $65. I am sure this is not a good deal. And don’t forget, you will have to pay shipping cost as well.
In comparison, you could buy a 1 gram piece today from JM Bullion for $53.00 and they ship it to you for FREE..
Karatbars International Is An MLM Organization
Which ever way you look at it, you are not going to make money by selling gold. You are required to purchase a certain amount of gold for yourself AND recruit new “affiliates” to increase the value of your package. Remember, the “left leg, right leg and cycle” requirements that have been explained in the video?
Unrealistic and Exaggerated Earnings Projections
Herr Heinz is promising a return of $15,000 to $136,000 per month, representing returns of between 874% and 2,172%, only 12 weeks after the initial investment. Here you have it; the typical MLM/Pyramid hype and “lure-’em-in” tactics used by sammers.
Authorities in “Kanada” Issued A SCAM Alert
Karatbars has already over 5,500 members in the Province of Quebec and the AMF stepped in to “Protect investors from the Karatbar Scam”!
“The Bureau has prohibited Karatbars from directly or indirectly trading in securities under any form of investment covered by the Securities Act issued by Karatbars, whether via the Internet or otherwise. It has also prohibited them from acting as a securities adviser. The Bureau is concerned that, without these orders, the respondents will continue to solicit investors”.
This is a serious issue, my friend. Do you really think it would be a wise decision to risk thousands of your dollars under these circumstances? I would not, believe me.
Conclusion to my Karatbars International Review
As you can see from the Product Structure (a little bit of gold) and the Compensation Plan (a lot of bait material) that Karatbars main focus is to recruit into their MLM system and “invest” into a typical Ponzi scheme with ridiculous return claims.
Just consider this: If you would to invest $2170 in their VIP package today, you would get only THREE one-gram gold cards with a “real value” of about $150.00. The person that recruited you, will get 20% commission. Where do the other $1,600 go to?
In my humble opinion, Karatbars International is a International Scam and you should avoid getting involved.
The Alternative To Karatbars International
It doesn’t have to be precious metals, but if you have a love and passion for specific products, go for it. You can learn how to build a website, create a blog and talk about anything related to the products. Write reviews and inform the visitors to your site about the Pros & Cons of these products.
It will take some time, but you can and will make a full time income if you are willing to work and put up some effort. I know, because that’s what I do.
And you can do the same. I am not making any ridiculous claim that you will make a 6-figure income in a couple of month and don’t have to work for it. But if you are willing to learn, put in effort and are ready to work to make the income you want, then you definitely want to check out My #1 Free Recommendation.
But it is up to you TO TAKE ACTION TODAY. Just check it out and determine if this is the right thing for you. By the way, it will not cost you a dime to take a look at “the other side“.
I hope you enjoyed my review as much as I did writing it and I would love to hear your opinion about it. So, don’t be shy and leave a comment on your way out.
That’s it for today. Thanks for stopping by