Frequently Asked Questions About Karatbars International
Note:
This is not an official website.
Generic factual information appears according to the knowledge available to its author.
Karatbars International GmbH specializes in the sale of small, good delivery, 999.9 pure gold bars and gift items. They offer unique product lines, including specialty collector’s items that celebrate special moments such as the Birth of a baby, Weddings, Easter, Christmas and Birthdays. Karatbars has steadily expanded its product line by using the highest standards in the industry for gold production. Karatbars also offers a line of limited edition or privately branded collector gold cards. Collector cards, especially rare limited edition cards, will often appreciate over the market value of gold.
FAQ’S
1 – How old is the company? 5+ Years Old
Opened in Europe in 2009 - opened for business in USA and Canada in 2011.
see maps.google.com and enter this address:
Karatbars International GmbH
Königstrasse 52
70173 Stuttgart
Deutschland
Karatbars is an e-commerce company with an affiliate program. (Like Amazon)
Karatbars International is based in Stuttgart Germany.
WTO registered as an e-commerce Company, with an Affiliate Program (like Amazon).
All components of the program are optional. No requirements or purchases.
Karatbars International offers savings and money moving strategies, as well as,
the free software to do it with. Thousands worldwide are joining this movement.
Karatbars International expedites metal goods sales, secure storage,
delivery, payment processing and innovative money moving strategies.
Germany has extremely strict Business Laws.
Karatbars has met or exceeded German Business Standards for over 4 years.
Karatbars International has met or exceeded International Commerce Laws,
5 year track record of successful, compliant operations.
Does Business in 120 Countries, shipping 999.9 Good Delivery, 1 gram units to 90 Countries.
Karatbars International has a 5 year history that is impressive.
Affiliates have developed a 12 Week Plan you need to see to believe.
You can set up an account at no cost. Free to set up and even use.
There are "Free strategies" to multiply earning power and ROI.
Accounts are FREE & Everything is Optional
All components, account features, direct access to products, services and software are FREE.
No Spending Requirements - No Website Fees - No Annual Renewal Fees
Karatbars does not have any requirements. Every product and service is optional.
There are no fees to join and Karatbars does not charge website fees either.
The company partners with only LBMA Refineries, which guarantees production and supply stability.
2 – Where is the home office located? Where are they registered as a business?
Karatbars International GmbH
Königstrasse 52
70173 Stuttgart
Deutschland
Service & Support
Phone: +49 (0) 711 12040830
Email: [email protected]
Companies Register
Amtsgericht Stuttgart
HRB 739615
Managing Director: Pietro Fazio
3 –Who are the owners?
Founder and owner
Since the early '80s, Harald Seiz is self-sufficient in the financial industry. After training in insurance and real estate industry, he worked as an independent financial services provider with a number of companies, where he was very successful. During the mid-90s he reached with a company about 60 million in sales.
End of 2008, he joined a company into a precious metals business. In just seven months Harald Seiz was the no. 1 for the company. However, his visions were larger than those of the company, which was only active in Germany. Gold in small units available for everyone - and that worldwide - was a fantastic idea to offer people more certainty. So Harald Seiz founded in 2011 Karatbars International GmbH.
The company specialized in the sale of small gold bars and gold bars, as gifts with 1 gram gold cards, merchandise, collectibles and gift cards. Currently Harald Seiz is operating with its innovative products worldwide in over 100 countries. It is his vision to help in all 194 countries of the earth to the people through financial security.
The headquarters and the logistics center of the company are located in Stuttgart, where the responsibility lies for the support, marketing, customer and partner communications, design, ordering and delivery, as well as planning for the start to be developed into new countries in Europe.
The thinking and acting at the highest level includes aspiration, straightforwardness, fairness and honesty.
I guarantee that with my name.
4 – Are they debt free? Yes
5 – How many employees do they have? (58) employees
Karatbars International GmbH
Tel.: +49 (0) 711 120 408 30
US Support Hotline: +1 224 829 0047 | European Support Hotline: +49 711 128 970 00
Copyright © 2011 - 2013 Karatbars International ™ GmbH
6 – What countries can they do business in?
Total Active Countries : 120
7 – What countries can they sell their products and/or services?
See 6 above
8 – What is the compensation plan? Is it a binary, forced matrix or combination? How many levels do they pay out? Do they have an infinity bonus? If a binary or matrix, do they flush monthly? Do they have any breakaways?
Dual Team System / no breakaways
NOTE - The Dual Team System featured in the 12 Week Plan is NOT a binary.
It is a dual "team" system. No "levels" are recognized in earnings calculations.
Right Team Collective Sales Running In Real Time - called units
Left Team Collective Sales Running In Real Time - called units
In a binary, at the end of the month you are paid on your weakest leg and the company
keeps the profit from your power leg. All of your points "flush" to zero, then you start
all over the next week or month.
In a Dual System, you are paid on all sales, in real time, from both legs.
Dual Team System - http://karatbarspayplan.info (featured in The 12 Week Plan)
Units never "flush". Units always "carry over" to the next pay cycle.
Once Left or Right Team accumulates 50 units and the other leg accumulates 25 units, you cycle.
Depending on what package you bought determines how much you earn from each and every cycle.
Cycle Earning Power Direct Sales Commission
Bronze is 10 euro $13 USD 5%
Silver is 40 euro $50 USD 10%
Gold is 60 euro $75 USD 15%
VIP is 80 euro $100 USD 20%
Here is the beauty of it. At the end of the week (as we are paid weekly on the dual system),
The units stay there until you accumulate enough units on your other leg to cycle and it pays
you to infinity. So if someone 1000 levels down from you purchases a package, you will still
receive the units on that leg.
The best news of all, is that, this the Dual Team System is 1 of 7 ways we are compensated.
BEST PAY PLAN EVER!
9 – Why is their compensation plan better or different than most others?
You decide...how would you compare this to thousands of others. Very subjective answer as that is an individual conclusion. First of all, it is a savings plan; It pays real well and quick if the program is instituted as laid out
10 – How many customers do they have for their products and/or services? What is their retention rate?
The affiliates are the customers when they buy their gold (see #11 below) or they can create their own customers.
11 – How many distributors do they have? What is their retention rate? How many are in the USA? What states and countries have the most distributors?
200,000+ worldwide and about 120,000 in the USA & Canada
12 – How much does it cost to join?
$0.00
13 – What is the monthly autoship?
None required but they have an optional reoccurring billing available for weekly or monthly exchanges.
14 – Does it cost to have a replicated website and back office?
$0.00
15 – Who is their competition?
None. Karatbars International is a category creator.
16 – What is their Alexa rating
Alexa Traffic Rank: Worldwide 14,600 Traffic Rank in US: 6,038
17 – Who is their target market?
Anyone wanting to protect and multiply capital. Save and earn in real money-gold
18 – What kind of products and/or services do they offer?
Karatbars International offers their products, services and opportunity to everyone, worldwide using the internet.
Karatbars is an e-commerce company with an affiliate program. (Like Amazon)
Business(es), Non-Profit Organizations, Individuals and Families can have a free account and enjoy the benefits.
Why is Karatbars different - what are the benefits?
Why exchange into gold?
Monetary gold bullion in small units the only and best insurance if something unexpected happens in our lives. Monetary gold bullion cannot go bust. Monetary gold bullion can never be worthless. Monetary gold bars are the best way of securing value when everything "goes down the drain," monetary gold bullion can never be worthless.
Monetary gold bullion in small units can easily switch piecemeal into other values, or goods, which is impossible with large units.
Karatbars refinery has one of the world's best gold bullion certificates for your security. The gold bars are welded in the form of a credit card. On the back there is a hologram. Whether you hold the cards in boiling water, dig them or they are exposed to the forces of nature, the certificate remains in its original form. Therefore, you will receive a lifetime right to exchange Karatbars in the unlikely event that the certificate becomes corrupted.
Why small gold bars?
Money affects our daily lives. Who has a little, wants more of it. Anyone who already has money wants to secure and protect it. But how? Take advantage of the secret of the wealthy. Gold has been known 2,600 years ago-but on the whole world recognized only in ingot form for payment in 194 countries around the world.
Gold bullions in the smallest units guarantee you ...
... obtaining an absolute value.
... a profit in case of anything created by humans will be forfeited.
... a profit compared to paper currency, gold bullion know because no inflation.
... always act in 194 countries around the world.
... a crisis-free investment.
... preserving value, Gold does not rust and gold remains over millennia beautifully shiny.
Make yourself independent and free with gold bullions in small affordable units!
19 – What is unique about any of their products and/or services?
Karatbars offers one of the most extraordinary range of products on the market. Karatbars International gold bars are characterized by high quality workmanship and quality in small, transaction friendly weights, affordable and easy to acquire.
All Refineries are listed on the London 07.05.2010 Bullion Association Market (LBMA), which is a guarantee for production and supply stability.
An absolute highlight of our countries are gold cards. On these special cards you have glorious colors showcasing the respective national flags. These gold bars from Karatbars International are characterized by high quality workmanship and quality.
You also have the opportunity to acquire limited edition gold card collector pieces. Karatbars offers several different editions with a variety of interesting subjects. Since we often need a license for these cards and the requirements are small to maintain uniqueness and intrinsic value, the price differs from the regular gold card.
These Karatbars International gold bars are manufactured with the usual high quality of workmanship.
20 – Is their program duplicatable for anybody?
Yes, anybody can promote this program to their friends, family and associates
21 – What are the ways in which the distributors prospect and close?
Your choice; telephone; in person; private meetings or webinars
22 – What kind of training do they provide?
Conference calls; training sites and webinars and also in Spanish.
Daily training available X2 day 7 days week also skype chat room training.
23 – What kind of customer service do they provide?
US Support Hotline: +1 224 829 0047 in English| European Support Hotline: +49 711 128 970 00
24 – How do you get paid and when?
commissions weekly Friday when earned via loaded Karatbars "branded" master card (pre-paid) card.
unilevel pays once a month
+bonus pools (2)
when accumulated, 100 grams (approx 3 oz) = free shipping of karatbars
25 – What are their legal strategies to be compliant with all laws and government agencies?
Took 1.5 years to get into USA by passing all requirements.
But, nothing to lose as once you buy the gold, it is yours and cannot be confiscated, either in storage (at no charge in Germany) at your option, or in your possession.
26 – What is their monthly sales revenue?
Not available
27 – Can you position those you sign-up wherever you want in your network?
Unilevel, no / with Dual Team System, yes
28 – What are their stacking rules for family members?
no problem. but depends on system as to best way to do it.
29 – Can you have more than one account?
No
30 – Can you sign-up a business account (corporation)?
yes
31 – What methods can you use to pay for their products and/or services?
With CC or debit; bank transfer
32 – What kind of promotional material is available?
Web site. downloads and other marketing material in back office.
33 – Where do they make their products? Who makes their products? Where are their distribution centers?
Their gold products come from their refineries and the packaging is done in house.
Karatbars gold Bars, quality and value guaranteed
Karatbars GmbH gold bars are characterized by both easily recognized premium quality and highly skilled craftsmanship. We pride ourselves in working only with gold refineries that are listed under the “London Good Delivery”. Our current suppliers are listed below:
Atasay Kuyumculuk Sanayi Ve Ticaret AS
is the producer and supplier of the brand “ATAkulche”. The company has been listed as an LBMA since May 7th 2010 and is characterized by its production and supply stability.
Degussa (German Gold and Silver Refinery)
Degussa is committed to the sustainable management of the world’s limited raw materials. Their gold bars are designed exclusively to the retailers’ specifications, bearing the internationally recognized seal “London Good Delivery” certifying that they have their own supply chain. This guarantees all customers the highest quality grade of gold.
All Karatbars 1 gram Gold bars are:
34 – Who provides their services, if any?
They do. Karatbars is an e-commerce company with an affiliate program. (Like Amazon)
35 – Do they have products and/or services that are legitimate and useful to customers?
Accounts are FREE & Everything is Optional
All components, account features, direct access to products, services and software are FREE.
No Spending Requirements - No Website Fees - No Annual Renewal Fees
Karatbars does not have any requirements. Every product and service is optional.
There are no fees to join and Karatbars does not charge website fees either.
36 – FURTHER QUESTIONS
Q: I have seen three different people on the videos make three different statements pertaining to the required amount of gold purchased per month and the # of referees per month to maintain the requirements to receive all the bonuses. Please clarify.
A: Legally we are classified as an E Commerce company which also offers an Affiliate program. We adhere to the E commerce rules set forth by Germany and the World Trade Organization. There are zero sponsorship requirements nor are there any purchase requirements from our company. The 12 week plan is an optional affiliate based system whereas the affiliate chooses to "personally commit" to the plan, but by no means is it a requirement.
Q: Is the gold you purchase sent directly to you when it is purchased and do you have to clarify that you want it stored for you?
A: Every customer/ affiliate of Karatbars is able to maintain, direct and manage their own account. If you choose delivery you can receive your gold from 1 gram at a time. For others who prefer to store their Gold offshore, we offer free storage with Prosegur which is the 3rd largest transporter and storage facility in the world. Prosegur ranks # 1 in Germany.
Q: Is the gold in a separate account apart from the cash that would be used off of the Master Card?
A: Absolutely! The MasterCard is a convenient way for Karatbars to pay commissions to the affiliate. You can use your card anywhere in the world MasterCard is accepted and it a very easy means of converting cash into gold if you choose. The gold itself can be delivered or held in the vaults of Prosegur.
Q: Where is it stored and what kind of guarantee do I have that it is there and I can obtain it at any time?
A:
Below is Prosegur corporate website..
http://www.prosegur.de/DE/Prosegurweltweit/index.htm
Information in regard to the vaults..
http://www.prosegur.de/DE/Services/Hochsicherheits-undZollfreilager/index.htm
I also came across this recent press release.
http://www.prosegur.de/DE/Presse/PRWEBC014035
Q: Is it insured by someone and is there a written contract that states who has it and it is obtainable with out a lot of trouble?
A: Yes, there is an insurance policy that covers the gold held in the vault. Anytime the client wishes to take delivery, an order is either a) called in b) by written request. The information is sent to the vaulting company where arrangements are made for shipment / delivery. The gold is also insured throughout the delivery process. The insurance is valid until you sign that you have received your gold and have it in hand.
Q: What is the KYC that is talked about and since I am not that computer literate how do I upload to the office what ever documents are required?
A: KYC is also known as "Know Your Customer" or the Patriot Act. All financial institutions are required by law to maintain a current list of its clients documentation and further verify no individual has been associated with terrorism or money laundering activity. You can scan a copy of your docs and upload them to your back office or simply take a picture using a cell phone and email them to yourself where you can save a copy to your computer and upload the docs to your back office.
Q: How do I get help on the use of the "Back Office"?
A: Your sponsor should walk you through the function of the back office once you are registered for your free account, I can also provide a list of short videos. to help you if necessary.
Q: Do you automatically receive the Master Card or is there amount of gold that has to be put into the account. I do realize something would have to be in the account but just wondered if you automatically had the account set up?
A: The MasterCard account is set up once you have earned a minimum of 35€ in commissions. The set up of the card is 20€ and the balance of 15€ is the amount for the minimum deposit on the card. The card may also be pre-ordered (prior to commissions) for affiliates who opt to participate in our optional Dual System Pay Plan. The client must have a Silver business package or higher prior to pre-ordering the card.
Q: What about family members, Spouse particularly, using the account and would the spouse have the same account with a duplicate card or separate accounts?
A: We do not offer joint accounts, however, ,husband and wife may choose to have individual accounts set up. Each Karstbar account has an option to add a beneficiary. Each Karatbar account will have a separate Karatbar MasterCard set up in order for commissions to be paid out.
Q: One video stated that on a corporate or business account that there would only be one designee to operate the account, could you clarify?
A: Yes, that is correct. If an individual owns a business, our system is designed for only one individual or signature of authority be authorized to manage the account.
Q: Could you also clarify the establishment of children's accounts and the setup of same.
A: Individuals may create a Customer account for children under the age of 18. A child's account is not eligible to receive earned commissions. Due to laws which vary from state to state as well as each Country, we suggest you speak to a trusted financial adviser for guidance in regard to trusts and children s savings accounts.
Q: Training is also important particularly as to what can be said and not said when presenting the program. Where could I obtain this?
A: The Terms and Conditions are located in our back office. You can register for a free account to view these terms and conditions without any obligation. The primary rules are to be honest and of good character. We do not allow affiliates to use the words investment nor give tax advise unless they are fully licensed by their local states/ province or Country. All questions of this manner should be referred to a trusted specialist who is familiar with the laws of are in which you reside.
Q: Are there Presentation Videos that can be obtained and instructions on the use of them?
A: Presentations are available in your back office or through a Senior affiliate Leader of Karatbars International.
Q: Do the cost of the Plans and or the Gold prices fluctuate with the spot price of Gold? Do the Gram Prices fluctuate?
A: Yes, the prices of gold are set daily by the London Fix. Prices are adjusted daily.
Q: How are the tax implications on profits handled?
A: You will be considered an Independent Contractor. All questions of this manner should be referred to a trusted specialist who is familiar with the laws of are in which you reside. Each individual should adhere to the tax guidelines & requirements where they reside.
Q - Where is the gold being held and is it being kept in the owner’s name in a separate area or place. Does the owner request shipment from the company that holds the gold or from Karat Bars? See https://karatbars.com/index.php?page=storage_karatbars
Q - Can the Affiliates be held liable for any losses experienced by their referred customers such as Karat Bars goes out of business, is shut down by regulators or the market goes down?
A - No - never, we only refer people to open a free account. Everything is optional.
Is there any US attorney that has reviewed this program and documented the fact that there are no US laws or regulations being breached?
A - Yes
If a customer immediately sells their gold back to the company at the present buyback rate, is the gold actually transported to the storage area first and then returned to the company or is it a paper transaction? No paper - all physical gold
Has the company contacted the attorney general of each state to make sure they are compliant and licensed with the Biz Op laws and any financial obligations that may be required? No - not required if they comply with WTO Laws
How are the US Affiliates being controlled as to make sure they are not misrepresenting the opportunity? No public meeting are allowed unless a Senior Partner is present. Materials must be reviewed and approved.
Have US Affiliates actually received their gold? Yes - of course
Q - What is the "average" delivery time, from the time you place your order?
A - "orders" = paper money exchanged into Karatbars
All exchanges are, by default, set to keep your gold in secure storage. You must request delivery. Delivery request(s) are processed, in "the system" and handed off to G4S, for International transit, and/or FedEx in USA.
(Karatbars terms & conditions say to allow up to 6-8 weeks), however, in N American markets, reports are that people have received their shipment(s), via FedEx, in 2 - 3 weeks (rare) 3 - 4 weeks (average) 5 - 6 weeks (during hi demand periods). There have been a few field reports of 6 - 8 weeks.
Overall Delivery Grade - Excellent and Reliable
Q - Has the gold been tested to make sure it is real gold?
A - Yes - of course.
Q: I have seen three different people on the videos make three different statements pertaining to the required amount of gold purchased per month and the # of referees per month to maintain the requirements to receive all the bonuses. Please clarify.
A: Legally we are classified as an E Commerce company which also offers an Affiliate program. We adhere to the E commerce rules set forth by Germany and the World Trade Organization. There are zero sponsorship requirements nor are there any purchase requirements from our company. The 12 week plan is an optional affiliate based system whereas the affiliate chooses to "personally commit" to the plan, but by no means is it a requirement.
Q: Is the gold you purchase sent directly to you when it is purchased and do you have to clarify that you want it stored for you?
A: Every customer/ affiliate of Karatbars is able to maintain, direct and manage their own account. If you choose delivery you can receive your gold from 1 gram at a time. For others who prefer to store their Gold offshore, we offer free storage with Prosegur which is the 3rd largest transporter and storage facility in the world. Prosegur ranks # 1 in Germany.
Q: Is the gold in a separate account apart from the cash that would be used off of the Master Card?
A: Absolutely! The MasterCard is a convenient way for Karatbars to pay commissions to the affiliate. You can use your card anywhere in the world MasterCard is accepted and it a very easy means of converting cash into gold if you choose. The gold itself can be delivered or held in the vaults of Prosegur.
Q: Where is it stored and what kind of guarantee do I have that it is there and I can obtain it at any time?
A:
Below is Prosegur corporate website.
http://www.prosegur.de/DE/Prosegurweltweit/index.htm
Information in regard to the vaults...
http://www.prosegur.de/DE/Services/Hochsicherheits-undZollfreilager/index.htm
We also came across this recent press release.
http://www.prosegur.de/DE/Presse/PRWEBC014035
Q: Is it insured by someone and is there a written contract that states who has it and it is obtainable without a lot of trouble?
A: Yes, there is an insurance policy that covers the gold held in the vault. Anytime the client wishes to take delivery, an order is either a) called in b) by written request. The information is sent to the vaulting company where arrangements are made for shipment / delivery. The gold is also insured throughout the delivery process. The insurance is valid until you sign that you have received your gold and have it in hand.
Q: What is the KYC that is talked about and since I am not that computer literate how do I upload to the office whatever documents are required?
A: KYC is also known as "Know Your Customer" or the Patriot Act. All financial institutions are required by law to maintain a current list of its client’s documentation and further verify no individual has been associated with terrorism or money laundering activity. You can scan a copy of your docs and upload them to your back office or simply take a picture using a cell phone and email them to yourself where you can save a copy to your computer and upload the docs to your back office.
Q: How do I get help on the use of the "Back Office"?
A: Your sponsor should walk you through the function of the back office once you are registered for your free account, I can also provide a list of short videos to help you if necessary.
Q: Do you automatically receive the Master Card or is there amount of gold that has to be put into the account. I do realize something would have to be in the account but just wondered if you automatically had the account set up?
A: The MasterCard account is set up once you have earned a minimum of 35€ in commissions. The set-up of the card is 20€ and the balance of 15€ is the amount for the minimum deposit on the card. The card may also be pre-ordered (prior to commissions) for affiliates who opt to participate in our optional Dual System Pay Plan. The client must have a Silver business package or higher prior to pre-ordering the card.
Q: What about family members, Spouse particularly, using the account and would the spouse have the same account with a duplicate card or separate accounts?
A: We do not offer joint accounts; however, husband and wife may choose to have individual accounts set up. Each Karat bar account has an option to add a beneficiary. Each Karatbars account will have a separate Karatbars MasterCard set up in order for commissions to be paid out.
Q: One video stated that on a corporate or business account that there would only be one designee to operate the account, could you clarify?
A: Yes, that is correct. If an individual owns a business, our system is designed for only one individual or signature of authority is authorized to manage the account.
Q: Could you also clarify the establishment of children's accounts and the setup of same.
A: Individuals may create a Customer account for children under the age of 18. A child's account is not eligible to receive earned commissions. Due to laws which vary from state to state as well as each Country, we suggest you speak to a trusted financial adviser for guidance in regard to trusts and children s savings accounts.
Q: Training is also important particularly as to what can be said and not said when presenting the program. Where could I obtain this?
A: The Terms and Conditions are located in our back office. You can register for a free account to view these terms and conditions without any obligation. The primary rules are to be honest and of good character. We do not allow affiliates to use the words investment nor give tax advice unless they are fully licensed by their local states/ province or Country. All questions of this manner should be referred to a trusted specialist who is familiar with the laws of the country in which you reside.
Q: Are there Presentation Videos that can be obtained and instructions on the use of them?
A: Presentations are available in your back office or through a senior affiliate Leader of Karatbars International.
Q: Do the cost of the Plans and or the Gold prices fluctuate with the spot price of Gold? Do the Gram Prices fluctuate?
A: Yes, the prices of gold are set daily by the London Fix. Prices are adjusted daily.
Q: How are the tax implications on profits handled?
A: You will be considered an Independent Contractor. All questions of this manner should be referred to a trusted specialist who is familiar with the laws of the country in which you reside. Each individual should adhere to the tax guidelines & requirements where they reside.
Q: I have seen three different people on the videos make three different statements pertaining to the required amount of gold purchased per month and the # of referees per month to maintain the requirements to receive all the bonuses. Please clarify.
A: Legally we are classified as an E Commerce company which also offers an Affiliate program. We adhere to the E commerce rules set forth by Germany and the World Trade Organization. There are zero sponsorship requirements nor are there any purchase requirements from our company. The 12 week plan is an optional affiliate based system whereas the affiliate chooses to "personally commit" to the plan, but by no means is it a requirement.
Q: Is the gold you purchase sent directly to you when it is purchased and do you have to clarify that you want it stored for you?
A: Every customer/ affiliate of Karatbars is able to maintain, direct and manage their own account. If you choose delivery you can receive your gold from 1 gram at a time. For others who prefer to store their Gold offshore, we offer free storage with Prosegur which is the 3rd largest transporter and storage facility in the world. Prosegur ranks # 1 in Germany.
Q: Is the gold in a separate account apart from the cash that would be used off of the Master Card?
A: Absolutely! The MasterCard is a convenient way for Karatbars to pay commissions to the affiliate. You can use your card anywhere in the world MasterCard is accepted and it a very easy means of converting cash into gold if you choose. The gold itself can be delivered or held in the vaults of Prosegur.
Q: Where is it stored and what kind of guarantee do I have that it is there and I can obtain it at any time?
A:
Below is Prosegur corporate website.
http://www.prosegur.de/DE/Prosegurweltweit/index.htm
Information in regard to the vaults...
http://www.prosegur.de/DE/Services/Hochsicherheits-undZollfreilager/index.htm
I also came across this recent press release.
http://www.prosegur.de/DE/Presse/PRWEBC014035
Q: Is it insured by someone and is there a written contract that states who has it and it is obtainable without a lot of trouble?
A: Yes, there is an insurance policy that covers the gold held in the vault. Anytime the client wishes to take delivery, an order is either a) called in b) by written request. The information is sent to the vaulting company where arrangements are made for shipment / delivery. The gold is also insured throughout the delivery process. The insurance is valid until you sign that you have received your gold and have it in hand.
Q: What is the KYC that is talked about and since I am not that computer literate how do I upload to the office whatever documents are required?
A: KYC is also known as "Know Your Customer" or the Patriot Act. All financial institutions are required by law to maintain a current list of its client’s documentation and further verify no individual has been associated with terrorism or money laundering activity. You can scan a copy of your docs and upload them to your back office or simply take a picture using a cell phone and email them to yourself where you can save a copy to your computer and upload the docs to your back office.
Q: How do I get help on the use of the "Back Office"?
A: Your sponsor should walk you through the function of the back office once you are registered for your free account, I can also provide a list of short videos to help you if necessary.
Q: Do you automatically receive the Master Card or is there amount of gold that has to be put into the account. I do realize something would have to be in the account but just wondered if you automatically had the account set up?
A: The MasterCard account is set up once you have earned a minimum of 35€ in commissions. The set-up of the card is 20€ and the balance of 15€ is the amount for the minimum deposit on the card. The card may also be pre-ordered (prior to commissions) for affiliates who opt to participate in our optional Dual System Pay Plan. The client must have a Silver business package or higher prior to pre-ordering the card.
Q: What about family members, Spouse particularly, using the account and would the spouse have the same account with a duplicate card or separate accounts?
A: We do not offer joint accounts; however, husband and wife may choose to have individual accounts set up. Each Karat bar account has an option to add a beneficiary. Each Karatbars account will have a separate Karatbars MasterCard set up in order for commissions to be paid out.
Q: One video stated that on a corporate or business account that there would only be one designee to operate the account, could you clarify?
A: Yes, that is correct. If an individual owns a business, our system is designed for only one individual or signature of authority is authorized to manage the account.
Q: Could you also clarify the establishment of children's accounts and the setup of same.
A: Individuals may create a Customer account for children under the age of 18. A child's account is not eligible to receive earned commissions. Due to laws which vary from state to state as well as each Country, we suggest you speak to a trusted financial adviser for guidance in regard to trusts and children s savings accounts.
Q: Training is also important particularly as to what can be said and not said when presenting the program. Where could I obtain this?
A: The Terms and Conditions are located in our back office. You can register for a free account to view these terms and conditions without any obligation. The primary rules are to be honest and of good character. We do not allow affiliates to use the words investment nor give tax advice unless they are fully licensed by their local states/ province or Country. All questions of this manner should be referred to a trusted specialist who is familiar with the laws of the country in which you reside.
Q: Are there Presentation Videos that can be obtained and instructions on the use of them?
A: Presentations are available in your back office or through a senior affiliate Leader of Karatbars International.
Q: Do the cost of the Plans and or the Gold prices fluctuate with the spot price of Gold? Do the Gram Prices fluctuate?
A: Yes, the prices of gold are set daily by the London Fix. Prices are adjusted daily.
Q: How are the tax implications on profits handled?
A: You will be considered an Independent Contractor. All questions of this manner should be referred to a trusted specialist who is familiar with the laws of the country in which you reside. Each individual should adhere to the tax guidelines & requirements where they reside.
Author Tip - Take yours (Karatbars) to a minimum of 3 - 5 Businesses that advertise that they "buy gold" and take bids. Ask them to "take a look and give me your best price". You will be surprised at the comments. Many have never seen currency grade gold. Know your spot price and get it, or close to it every time, IF YOU KNOW WHAT YOU ARE DOING.
This is not financial advise. Just common sense and dollars and cents.
Note:
This is not an official website.
Generic factual information appears according to the knowledge available to its author.
Karatbars International GmbH specializes in the sale of small, good delivery, 999.9 pure gold bars and gift items. They offer unique product lines, including specialty collector’s items that celebrate special moments such as the Birth of a baby, Weddings, Easter, Christmas and Birthdays. Karatbars has steadily expanded its product line by using the highest standards in the industry for gold production. Karatbars also offers a line of limited edition or privately branded collector gold cards. Collector cards, especially rare limited edition cards, will often appreciate over the market value of gold.
FAQ’S
1 – How old is the company? 5+ Years Old
Opened in Europe in 2009 - opened for business in USA and Canada in 2011.
see maps.google.com and enter this address:
Karatbars International GmbH
Königstrasse 52
70173 Stuttgart
Deutschland
Karatbars is an e-commerce company with an affiliate program. (Like Amazon)
Karatbars International is based in Stuttgart Germany.
WTO registered as an e-commerce Company, with an Affiliate Program (like Amazon).
All components of the program are optional. No requirements or purchases.
Karatbars International offers savings and money moving strategies, as well as,
the free software to do it with. Thousands worldwide are joining this movement.
Karatbars International expedites metal goods sales, secure storage,
delivery, payment processing and innovative money moving strategies.
Germany has extremely strict Business Laws.
Karatbars has met or exceeded German Business Standards for over 4 years.
Karatbars International has met or exceeded International Commerce Laws,
5 year track record of successful, compliant operations.
Does Business in 120 Countries, shipping 999.9 Good Delivery, 1 gram units to 90 Countries.
Karatbars International has a 5 year history that is impressive.
Affiliates have developed a 12 Week Plan you need to see to believe.
You can set up an account at no cost. Free to set up and even use.
There are "Free strategies" to multiply earning power and ROI.
Accounts are FREE & Everything is Optional
All components, account features, direct access to products, services and software are FREE.
No Spending Requirements - No Website Fees - No Annual Renewal Fees
Karatbars does not have any requirements. Every product and service is optional.
There are no fees to join and Karatbars does not charge website fees either.
The company partners with only LBMA Refineries, which guarantees production and supply stability.
2 – Where is the home office located? Where are they registered as a business?
Karatbars International GmbH
Königstrasse 52
70173 Stuttgart
Deutschland
Service & Support
Phone: +49 (0) 711 12040830
Email: [email protected]
Companies Register
Amtsgericht Stuttgart
HRB 739615
Managing Director: Pietro Fazio
3 –Who are the owners?
Founder and owner
Since the early '80s, Harald Seiz is self-sufficient in the financial industry. After training in insurance and real estate industry, he worked as an independent financial services provider with a number of companies, where he was very successful. During the mid-90s he reached with a company about 60 million in sales.
End of 2008, he joined a company into a precious metals business. In just seven months Harald Seiz was the no. 1 for the company. However, his visions were larger than those of the company, which was only active in Germany. Gold in small units available for everyone - and that worldwide - was a fantastic idea to offer people more certainty. So Harald Seiz founded in 2011 Karatbars International GmbH.
The company specialized in the sale of small gold bars and gold bars, as gifts with 1 gram gold cards, merchandise, collectibles and gift cards. Currently Harald Seiz is operating with its innovative products worldwide in over 100 countries. It is his vision to help in all 194 countries of the earth to the people through financial security.
The headquarters and the logistics center of the company are located in Stuttgart, where the responsibility lies for the support, marketing, customer and partner communications, design, ordering and delivery, as well as planning for the start to be developed into new countries in Europe.
The thinking and acting at the highest level includes aspiration, straightforwardness, fairness and honesty.
I guarantee that with my name.
4 – Are they debt free? Yes
5 – How many employees do they have? (58) employees
Karatbars International GmbH
Tel.: +49 (0) 711 120 408 30
US Support Hotline: +1 224 829 0047 | European Support Hotline: +49 711 128 970 00
Copyright © 2011 - 2013 Karatbars International ™ GmbH
6 – What countries can they do business in?
Total Active Countries : 120
7 – What countries can they sell their products and/or services?
See 6 above
8 – What is the compensation plan? Is it a binary, forced matrix or combination? How many levels do they pay out? Do they have an infinity bonus? If a binary or matrix, do they flush monthly? Do they have any breakaways?
Dual Team System / no breakaways
NOTE - The Dual Team System featured in the 12 Week Plan is NOT a binary.
It is a dual "team" system. No "levels" are recognized in earnings calculations.
Right Team Collective Sales Running In Real Time - called units
Left Team Collective Sales Running In Real Time - called units
In a binary, at the end of the month you are paid on your weakest leg and the company
keeps the profit from your power leg. All of your points "flush" to zero, then you start
all over the next week or month.
In a Dual System, you are paid on all sales, in real time, from both legs.
Dual Team System - http://karatbarspayplan.info (featured in The 12 Week Plan)
Units never "flush". Units always "carry over" to the next pay cycle.
Once Left or Right Team accumulates 50 units and the other leg accumulates 25 units, you cycle.
Depending on what package you bought determines how much you earn from each and every cycle.
Cycle Earning Power Direct Sales Commission
Bronze is 10 euro $13 USD 5%
Silver is 40 euro $50 USD 10%
Gold is 60 euro $75 USD 15%
VIP is 80 euro $100 USD 20%
Here is the beauty of it. At the end of the week (as we are paid weekly on the dual system),
The units stay there until you accumulate enough units on your other leg to cycle and it pays
you to infinity. So if someone 1000 levels down from you purchases a package, you will still
receive the units on that leg.
The best news of all, is that, this the Dual Team System is 1 of 7 ways we are compensated.
BEST PAY PLAN EVER!
9 – Why is their compensation plan better or different than most others?
You decide...how would you compare this to thousands of others. Very subjective answer as that is an individual conclusion. First of all, it is a savings plan; It pays real well and quick if the program is instituted as laid out
10 – How many customers do they have for their products and/or services? What is their retention rate?
The affiliates are the customers when they buy their gold (see #11 below) or they can create their own customers.
11 – How many distributors do they have? What is their retention rate? How many are in the USA? What states and countries have the most distributors?
200,000+ worldwide and about 120,000 in the USA & Canada
12 – How much does it cost to join?
$0.00
13 – What is the monthly autoship?
None required but they have an optional reoccurring billing available for weekly or monthly exchanges.
14 – Does it cost to have a replicated website and back office?
$0.00
15 – Who is their competition?
None. Karatbars International is a category creator.
16 – What is their Alexa rating
Alexa Traffic Rank: Worldwide 14,600 Traffic Rank in US: 6,038
17 – Who is their target market?
Anyone wanting to protect and multiply capital. Save and earn in real money-gold
18 – What kind of products and/or services do they offer?
Karatbars International offers their products, services and opportunity to everyone, worldwide using the internet.
Karatbars is an e-commerce company with an affiliate program. (Like Amazon)
Business(es), Non-Profit Organizations, Individuals and Families can have a free account and enjoy the benefits.
Why is Karatbars different - what are the benefits?
- De-couple money from Banks and Interest Rates
- Couple money to Gold and Gold prices
- Exchange fiat paper money into 999.9 gold grams and "move" into savings
- Each time, money is moved correctly, commissions are paid
- Free Storage or Delivery to over 60 Countries
- Not an MLM - the affiliate rewards program does not recognize "levels"
- Karatbars is an e-commerce company with an affiliate program
Why exchange into gold?
Monetary gold bullion in small units the only and best insurance if something unexpected happens in our lives. Monetary gold bullion cannot go bust. Monetary gold bullion can never be worthless. Monetary gold bars are the best way of securing value when everything "goes down the drain," monetary gold bullion can never be worthless.
Monetary gold bullion in small units can easily switch piecemeal into other values, or goods, which is impossible with large units.
Karatbars refinery has one of the world's best gold bullion certificates for your security. The gold bars are welded in the form of a credit card. On the back there is a hologram. Whether you hold the cards in boiling water, dig them or they are exposed to the forces of nature, the certificate remains in its original form. Therefore, you will receive a lifetime right to exchange Karatbars in the unlikely event that the certificate becomes corrupted.
Why small gold bars?
Money affects our daily lives. Who has a little, wants more of it. Anyone who already has money wants to secure and protect it. But how? Take advantage of the secret of the wealthy. Gold has been known 2,600 years ago-but on the whole world recognized only in ingot form for payment in 194 countries around the world.
Gold bullions in the smallest units guarantee you ...
... obtaining an absolute value.
... a profit in case of anything created by humans will be forfeited.
... a profit compared to paper currency, gold bullion know because no inflation.
... always act in 194 countries around the world.
... a crisis-free investment.
... preserving value, Gold does not rust and gold remains over millennia beautifully shiny.
Make yourself independent and free with gold bullions in small affordable units!
19 – What is unique about any of their products and/or services?
Karatbars offers one of the most extraordinary range of products on the market. Karatbars International gold bars are characterized by high quality workmanship and quality in small, transaction friendly weights, affordable and easy to acquire.
All Refineries are listed on the London 07.05.2010 Bullion Association Market (LBMA), which is a guarantee for production and supply stability.
An absolute highlight of our countries are gold cards. On these special cards you have glorious colors showcasing the respective national flags. These gold bars from Karatbars International are characterized by high quality workmanship and quality.
You also have the opportunity to acquire limited edition gold card collector pieces. Karatbars offers several different editions with a variety of interesting subjects. Since we often need a license for these cards and the requirements are small to maintain uniqueness and intrinsic value, the price differs from the regular gold card.
These Karatbars International gold bars are manufactured with the usual high quality of workmanship.
20 – Is their program duplicatable for anybody?
Yes, anybody can promote this program to their friends, family and associates
21 – What are the ways in which the distributors prospect and close?
Your choice; telephone; in person; private meetings or webinars
22 – What kind of training do they provide?
Conference calls; training sites and webinars and also in Spanish.
Daily training available X2 day 7 days week also skype chat room training.
23 – What kind of customer service do they provide?
US Support Hotline: +1 224 829 0047 in English| European Support Hotline: +49 711 128 970 00
24 – How do you get paid and when?
commissions weekly Friday when earned via loaded Karatbars "branded" master card (pre-paid) card.
unilevel pays once a month
+bonus pools (2)
when accumulated, 100 grams (approx 3 oz) = free shipping of karatbars
25 – What are their legal strategies to be compliant with all laws and government agencies?
Took 1.5 years to get into USA by passing all requirements.
But, nothing to lose as once you buy the gold, it is yours and cannot be confiscated, either in storage (at no charge in Germany) at your option, or in your possession.
26 – What is their monthly sales revenue?
Not available
27 – Can you position those you sign-up wherever you want in your network?
Unilevel, no / with Dual Team System, yes
28 – What are their stacking rules for family members?
no problem. but depends on system as to best way to do it.
29 – Can you have more than one account?
No
30 – Can you sign-up a business account (corporation)?
yes
31 – What methods can you use to pay for their products and/or services?
With CC or debit; bank transfer
32 – What kind of promotional material is available?
Web site. downloads and other marketing material in back office.
33 – Where do they make their products? Who makes their products? Where are their distribution centers?
Their gold products come from their refineries and the packaging is done in house.
Karatbars gold Bars, quality and value guaranteed
Karatbars GmbH gold bars are characterized by both easily recognized premium quality and highly skilled craftsmanship. We pride ourselves in working only with gold refineries that are listed under the “London Good Delivery”. Our current suppliers are listed below:
Atasay Kuyumculuk Sanayi Ve Ticaret AS
is the producer and supplier of the brand “ATAkulche”. The company has been listed as an LBMA since May 7th 2010 and is characterized by its production and supply stability.
Degussa (German Gold and Silver Refinery)
Degussa is committed to the sustainable management of the world’s limited raw materials. Their gold bars are designed exclusively to the retailers’ specifications, bearing the internationally recognized seal “London Good Delivery” certifying that they have their own supply chain. This guarantees all customers the highest quality grade of gold.
All Karatbars 1 gram Gold bars are:
- Certificated and laminated with UV protective film.
- Stamped with a valid trademark.
- Each unit includes Assayers signature
- A unique hologram adorns the reverse side of the bar which is intended both as a security feature and for visual appeal.
34 – Who provides their services, if any?
They do. Karatbars is an e-commerce company with an affiliate program. (Like Amazon)
35 – Do they have products and/or services that are legitimate and useful to customers?
Accounts are FREE & Everything is Optional
All components, account features, direct access to products, services and software are FREE.
No Spending Requirements - No Website Fees - No Annual Renewal Fees
Karatbars does not have any requirements. Every product and service is optional.
There are no fees to join and Karatbars does not charge website fees either.
36 – FURTHER QUESTIONS
Q: I have seen three different people on the videos make three different statements pertaining to the required amount of gold purchased per month and the # of referees per month to maintain the requirements to receive all the bonuses. Please clarify.
A: Legally we are classified as an E Commerce company which also offers an Affiliate program. We adhere to the E commerce rules set forth by Germany and the World Trade Organization. There are zero sponsorship requirements nor are there any purchase requirements from our company. The 12 week plan is an optional affiliate based system whereas the affiliate chooses to "personally commit" to the plan, but by no means is it a requirement.
Q: Is the gold you purchase sent directly to you when it is purchased and do you have to clarify that you want it stored for you?
A: Every customer/ affiliate of Karatbars is able to maintain, direct and manage their own account. If you choose delivery you can receive your gold from 1 gram at a time. For others who prefer to store their Gold offshore, we offer free storage with Prosegur which is the 3rd largest transporter and storage facility in the world. Prosegur ranks # 1 in Germany.
Q: Is the gold in a separate account apart from the cash that would be used off of the Master Card?
A: Absolutely! The MasterCard is a convenient way for Karatbars to pay commissions to the affiliate. You can use your card anywhere in the world MasterCard is accepted and it a very easy means of converting cash into gold if you choose. The gold itself can be delivered or held in the vaults of Prosegur.
Q: Where is it stored and what kind of guarantee do I have that it is there and I can obtain it at any time?
A:
Below is Prosegur corporate website..
http://www.prosegur.de/DE/Prosegurweltweit/index.htm
Information in regard to the vaults..
http://www.prosegur.de/DE/Services/Hochsicherheits-undZollfreilager/index.htm
I also came across this recent press release.
http://www.prosegur.de/DE/Presse/PRWEBC014035
Q: Is it insured by someone and is there a written contract that states who has it and it is obtainable with out a lot of trouble?
A: Yes, there is an insurance policy that covers the gold held in the vault. Anytime the client wishes to take delivery, an order is either a) called in b) by written request. The information is sent to the vaulting company where arrangements are made for shipment / delivery. The gold is also insured throughout the delivery process. The insurance is valid until you sign that you have received your gold and have it in hand.
Q: What is the KYC that is talked about and since I am not that computer literate how do I upload to the office what ever documents are required?
A: KYC is also known as "Know Your Customer" or the Patriot Act. All financial institutions are required by law to maintain a current list of its clients documentation and further verify no individual has been associated with terrorism or money laundering activity. You can scan a copy of your docs and upload them to your back office or simply take a picture using a cell phone and email them to yourself where you can save a copy to your computer and upload the docs to your back office.
Q: How do I get help on the use of the "Back Office"?
A: Your sponsor should walk you through the function of the back office once you are registered for your free account, I can also provide a list of short videos. to help you if necessary.
Q: Do you automatically receive the Master Card or is there amount of gold that has to be put into the account. I do realize something would have to be in the account but just wondered if you automatically had the account set up?
A: The MasterCard account is set up once you have earned a minimum of 35€ in commissions. The set up of the card is 20€ and the balance of 15€ is the amount for the minimum deposit on the card. The card may also be pre-ordered (prior to commissions) for affiliates who opt to participate in our optional Dual System Pay Plan. The client must have a Silver business package or higher prior to pre-ordering the card.
Q: What about family members, Spouse particularly, using the account and would the spouse have the same account with a duplicate card or separate accounts?
A: We do not offer joint accounts, however, ,husband and wife may choose to have individual accounts set up. Each Karstbar account has an option to add a beneficiary. Each Karatbar account will have a separate Karatbar MasterCard set up in order for commissions to be paid out.
Q: One video stated that on a corporate or business account that there would only be one designee to operate the account, could you clarify?
A: Yes, that is correct. If an individual owns a business, our system is designed for only one individual or signature of authority be authorized to manage the account.
Q: Could you also clarify the establishment of children's accounts and the setup of same.
A: Individuals may create a Customer account for children under the age of 18. A child's account is not eligible to receive earned commissions. Due to laws which vary from state to state as well as each Country, we suggest you speak to a trusted financial adviser for guidance in regard to trusts and children s savings accounts.
Q: Training is also important particularly as to what can be said and not said when presenting the program. Where could I obtain this?
A: The Terms and Conditions are located in our back office. You can register for a free account to view these terms and conditions without any obligation. The primary rules are to be honest and of good character. We do not allow affiliates to use the words investment nor give tax advise unless they are fully licensed by their local states/ province or Country. All questions of this manner should be referred to a trusted specialist who is familiar with the laws of are in which you reside.
Q: Are there Presentation Videos that can be obtained and instructions on the use of them?
A: Presentations are available in your back office or through a Senior affiliate Leader of Karatbars International.
Q: Do the cost of the Plans and or the Gold prices fluctuate with the spot price of Gold? Do the Gram Prices fluctuate?
A: Yes, the prices of gold are set daily by the London Fix. Prices are adjusted daily.
Q: How are the tax implications on profits handled?
A: You will be considered an Independent Contractor. All questions of this manner should be referred to a trusted specialist who is familiar with the laws of are in which you reside. Each individual should adhere to the tax guidelines & requirements where they reside.
Q - Where is the gold being held and is it being kept in the owner’s name in a separate area or place. Does the owner request shipment from the company that holds the gold or from Karat Bars? See https://karatbars.com/index.php?page=storage_karatbars
Q - Can the Affiliates be held liable for any losses experienced by their referred customers such as Karat Bars goes out of business, is shut down by regulators or the market goes down?
A - No - never, we only refer people to open a free account. Everything is optional.
Is there any US attorney that has reviewed this program and documented the fact that there are no US laws or regulations being breached?
A - Yes
If a customer immediately sells their gold back to the company at the present buyback rate, is the gold actually transported to the storage area first and then returned to the company or is it a paper transaction? No paper - all physical gold
Has the company contacted the attorney general of each state to make sure they are compliant and licensed with the Biz Op laws and any financial obligations that may be required? No - not required if they comply with WTO Laws
How are the US Affiliates being controlled as to make sure they are not misrepresenting the opportunity? No public meeting are allowed unless a Senior Partner is present. Materials must be reviewed and approved.
Have US Affiliates actually received their gold? Yes - of course
Q - What is the "average" delivery time, from the time you place your order?
A - "orders" = paper money exchanged into Karatbars
All exchanges are, by default, set to keep your gold in secure storage. You must request delivery. Delivery request(s) are processed, in "the system" and handed off to G4S, for International transit, and/or FedEx in USA.
(Karatbars terms & conditions say to allow up to 6-8 weeks), however, in N American markets, reports are that people have received their shipment(s), via FedEx, in 2 - 3 weeks (rare) 3 - 4 weeks (average) 5 - 6 weeks (during hi demand periods). There have been a few field reports of 6 - 8 weeks.
Overall Delivery Grade - Excellent and Reliable
Q - Has the gold been tested to make sure it is real gold?
A - Yes - of course.
Q: I have seen three different people on the videos make three different statements pertaining to the required amount of gold purchased per month and the # of referees per month to maintain the requirements to receive all the bonuses. Please clarify.
A: Legally we are classified as an E Commerce company which also offers an Affiliate program. We adhere to the E commerce rules set forth by Germany and the World Trade Organization. There are zero sponsorship requirements nor are there any purchase requirements from our company. The 12 week plan is an optional affiliate based system whereas the affiliate chooses to "personally commit" to the plan, but by no means is it a requirement.
Q: Is the gold you purchase sent directly to you when it is purchased and do you have to clarify that you want it stored for you?
A: Every customer/ affiliate of Karatbars is able to maintain, direct and manage their own account. If you choose delivery you can receive your gold from 1 gram at a time. For others who prefer to store their Gold offshore, we offer free storage with Prosegur which is the 3rd largest transporter and storage facility in the world. Prosegur ranks # 1 in Germany.
Q: Is the gold in a separate account apart from the cash that would be used off of the Master Card?
A: Absolutely! The MasterCard is a convenient way for Karatbars to pay commissions to the affiliate. You can use your card anywhere in the world MasterCard is accepted and it a very easy means of converting cash into gold if you choose. The gold itself can be delivered or held in the vaults of Prosegur.
Q: Where is it stored and what kind of guarantee do I have that it is there and I can obtain it at any time?
A:
Below is Prosegur corporate website.
http://www.prosegur.de/DE/Prosegurweltweit/index.htm
Information in regard to the vaults...
http://www.prosegur.de/DE/Services/Hochsicherheits-undZollfreilager/index.htm
We also came across this recent press release.
http://www.prosegur.de/DE/Presse/PRWEBC014035
Q: Is it insured by someone and is there a written contract that states who has it and it is obtainable without a lot of trouble?
A: Yes, there is an insurance policy that covers the gold held in the vault. Anytime the client wishes to take delivery, an order is either a) called in b) by written request. The information is sent to the vaulting company where arrangements are made for shipment / delivery. The gold is also insured throughout the delivery process. The insurance is valid until you sign that you have received your gold and have it in hand.
Q: What is the KYC that is talked about and since I am not that computer literate how do I upload to the office whatever documents are required?
A: KYC is also known as "Know Your Customer" or the Patriot Act. All financial institutions are required by law to maintain a current list of its client’s documentation and further verify no individual has been associated with terrorism or money laundering activity. You can scan a copy of your docs and upload them to your back office or simply take a picture using a cell phone and email them to yourself where you can save a copy to your computer and upload the docs to your back office.
Q: How do I get help on the use of the "Back Office"?
A: Your sponsor should walk you through the function of the back office once you are registered for your free account, I can also provide a list of short videos to help you if necessary.
Q: Do you automatically receive the Master Card or is there amount of gold that has to be put into the account. I do realize something would have to be in the account but just wondered if you automatically had the account set up?
A: The MasterCard account is set up once you have earned a minimum of 35€ in commissions. The set-up of the card is 20€ and the balance of 15€ is the amount for the minimum deposit on the card. The card may also be pre-ordered (prior to commissions) for affiliates who opt to participate in our optional Dual System Pay Plan. The client must have a Silver business package or higher prior to pre-ordering the card.
Q: What about family members, Spouse particularly, using the account and would the spouse have the same account with a duplicate card or separate accounts?
A: We do not offer joint accounts; however, husband and wife may choose to have individual accounts set up. Each Karat bar account has an option to add a beneficiary. Each Karatbars account will have a separate Karatbars MasterCard set up in order for commissions to be paid out.
Q: One video stated that on a corporate or business account that there would only be one designee to operate the account, could you clarify?
A: Yes, that is correct. If an individual owns a business, our system is designed for only one individual or signature of authority is authorized to manage the account.
Q: Could you also clarify the establishment of children's accounts and the setup of same.
A: Individuals may create a Customer account for children under the age of 18. A child's account is not eligible to receive earned commissions. Due to laws which vary from state to state as well as each Country, we suggest you speak to a trusted financial adviser for guidance in regard to trusts and children s savings accounts.
Q: Training is also important particularly as to what can be said and not said when presenting the program. Where could I obtain this?
A: The Terms and Conditions are located in our back office. You can register for a free account to view these terms and conditions without any obligation. The primary rules are to be honest and of good character. We do not allow affiliates to use the words investment nor give tax advice unless they are fully licensed by their local states/ province or Country. All questions of this manner should be referred to a trusted specialist who is familiar with the laws of the country in which you reside.
Q: Are there Presentation Videos that can be obtained and instructions on the use of them?
A: Presentations are available in your back office or through a senior affiliate Leader of Karatbars International.
Q: Do the cost of the Plans and or the Gold prices fluctuate with the spot price of Gold? Do the Gram Prices fluctuate?
A: Yes, the prices of gold are set daily by the London Fix. Prices are adjusted daily.
Q: How are the tax implications on profits handled?
A: You will be considered an Independent Contractor. All questions of this manner should be referred to a trusted specialist who is familiar with the laws of the country in which you reside. Each individual should adhere to the tax guidelines & requirements where they reside.
Q: I have seen three different people on the videos make three different statements pertaining to the required amount of gold purchased per month and the # of referees per month to maintain the requirements to receive all the bonuses. Please clarify.
A: Legally we are classified as an E Commerce company which also offers an Affiliate program. We adhere to the E commerce rules set forth by Germany and the World Trade Organization. There are zero sponsorship requirements nor are there any purchase requirements from our company. The 12 week plan is an optional affiliate based system whereas the affiliate chooses to "personally commit" to the plan, but by no means is it a requirement.
Q: Is the gold you purchase sent directly to you when it is purchased and do you have to clarify that you want it stored for you?
A: Every customer/ affiliate of Karatbars is able to maintain, direct and manage their own account. If you choose delivery you can receive your gold from 1 gram at a time. For others who prefer to store their Gold offshore, we offer free storage with Prosegur which is the 3rd largest transporter and storage facility in the world. Prosegur ranks # 1 in Germany.
Q: Is the gold in a separate account apart from the cash that would be used off of the Master Card?
A: Absolutely! The MasterCard is a convenient way for Karatbars to pay commissions to the affiliate. You can use your card anywhere in the world MasterCard is accepted and it a very easy means of converting cash into gold if you choose. The gold itself can be delivered or held in the vaults of Prosegur.
Q: Where is it stored and what kind of guarantee do I have that it is there and I can obtain it at any time?
A:
Below is Prosegur corporate website.
http://www.prosegur.de/DE/Prosegurweltweit/index.htm
Information in regard to the vaults...
http://www.prosegur.de/DE/Services/Hochsicherheits-undZollfreilager/index.htm
I also came across this recent press release.
http://www.prosegur.de/DE/Presse/PRWEBC014035
Q: Is it insured by someone and is there a written contract that states who has it and it is obtainable without a lot of trouble?
A: Yes, there is an insurance policy that covers the gold held in the vault. Anytime the client wishes to take delivery, an order is either a) called in b) by written request. The information is sent to the vaulting company where arrangements are made for shipment / delivery. The gold is also insured throughout the delivery process. The insurance is valid until you sign that you have received your gold and have it in hand.
Q: What is the KYC that is talked about and since I am not that computer literate how do I upload to the office whatever documents are required?
A: KYC is also known as "Know Your Customer" or the Patriot Act. All financial institutions are required by law to maintain a current list of its client’s documentation and further verify no individual has been associated with terrorism or money laundering activity. You can scan a copy of your docs and upload them to your back office or simply take a picture using a cell phone and email them to yourself where you can save a copy to your computer and upload the docs to your back office.
Q: How do I get help on the use of the "Back Office"?
A: Your sponsor should walk you through the function of the back office once you are registered for your free account, I can also provide a list of short videos to help you if necessary.
Q: Do you automatically receive the Master Card or is there amount of gold that has to be put into the account. I do realize something would have to be in the account but just wondered if you automatically had the account set up?
A: The MasterCard account is set up once you have earned a minimum of 35€ in commissions. The set-up of the card is 20€ and the balance of 15€ is the amount for the minimum deposit on the card. The card may also be pre-ordered (prior to commissions) for affiliates who opt to participate in our optional Dual System Pay Plan. The client must have a Silver business package or higher prior to pre-ordering the card.
Q: What about family members, Spouse particularly, using the account and would the spouse have the same account with a duplicate card or separate accounts?
A: We do not offer joint accounts; however, husband and wife may choose to have individual accounts set up. Each Karat bar account has an option to add a beneficiary. Each Karatbars account will have a separate Karatbars MasterCard set up in order for commissions to be paid out.
Q: One video stated that on a corporate or business account that there would only be one designee to operate the account, could you clarify?
A: Yes, that is correct. If an individual owns a business, our system is designed for only one individual or signature of authority is authorized to manage the account.
Q: Could you also clarify the establishment of children's accounts and the setup of same.
A: Individuals may create a Customer account for children under the age of 18. A child's account is not eligible to receive earned commissions. Due to laws which vary from state to state as well as each Country, we suggest you speak to a trusted financial adviser for guidance in regard to trusts and children s savings accounts.
Q: Training is also important particularly as to what can be said and not said when presenting the program. Where could I obtain this?
A: The Terms and Conditions are located in our back office. You can register for a free account to view these terms and conditions without any obligation. The primary rules are to be honest and of good character. We do not allow affiliates to use the words investment nor give tax advice unless they are fully licensed by their local states/ province or Country. All questions of this manner should be referred to a trusted specialist who is familiar with the laws of the country in which you reside.
Q: Are there Presentation Videos that can be obtained and instructions on the use of them?
A: Presentations are available in your back office or through a senior affiliate Leader of Karatbars International.
Q: Do the cost of the Plans and or the Gold prices fluctuate with the spot price of Gold? Do the Gram Prices fluctuate?
A: Yes, the prices of gold are set daily by the London Fix. Prices are adjusted daily.
Q: How are the tax implications on profits handled?
A: You will be considered an Independent Contractor. All questions of this manner should be referred to a trusted specialist who is familiar with the laws of the country in which you reside. Each individual should adhere to the tax guidelines & requirements where they reside.
Author Tip - Take yours (Karatbars) to a minimum of 3 - 5 Businesses that advertise that they "buy gold" and take bids. Ask them to "take a look and give me your best price". You will be surprised at the comments. Many have never seen currency grade gold. Know your spot price and get it, or close to it every time, IF YOU KNOW WHAT YOU ARE DOING.
This is not financial advise. Just common sense and dollars and cents.