Hello Work at Home Forum members. I'm just wondering if any of you guys have heard about Karatbars International? It seems to be providing for a private, personal, portable on-line & convenient money management system, that quickly & securely connects you to currency grade gold. More information: http://www.karatbarsintro.com/
Just checked out the site and watched about 30 seconds of the video. Haven't done the math here, but it didn't make sense to me about why a $100 bill in 1913 is worth only $2 today. Anyone care to enlighten me?
COMMISSIONS! They want you to buy their product! And apparently, you give up your "worthless currency" for gold, but you have to turn it back into "worthless currency" before you can spend it! The idea that gold has "real value" is misleading. It only has the value countries put on it - just like "fiat" currency. If you are starving, NO money has real value but FOOD does! If you are crossing a desert, water is far more valuable than gold or money! All money, precious metals or whatever, only has the value countries place upon it. There are reasons we have CONTINUED with fiat currency, and if you research the subject, you will see that plenty of economists agree with the idea of fiat currency. Here is a quote from just one "second opinion" @ http://pragcap.com/all-fiat-money-systems-fail-right-wrong: "One thing we constantly hear all over the media is how “all fiat money systems in history have failed”. This is just not correct. By my count, there are several hundred fiat regimes in existence today. What has failed and will always fail is fixed exchange rate regimes and commodity based monetary systems. As far as I know, there is not a single one around today that has stood the test of time. The gold standard has always failed. And it will always fail due to inherent constraints that make it a very poor monetary design."
All I am saying is DO YOUR OWN RESEARCH, instead of following the advice of those who seek to gain from your investment - WHATEVER investment vehicle you choose. And, simply do a google search on the advantages and disadvantages of a money system based on the gold standard. http://www.cbsnews.com/8301-505123_162-57474615/the-arguments-for-and-against-investing-in-gold/ "...the price of gold hit $850 per ounce on January 21, 1980. By March 19, 2002, gold had fallen to $293 per ounce. Note that the inflation rate for the period 1980-2001 was 3.9 percent per year. So the loss in real purchasing power was about 85 percent." "In summary, the authors concluded: The real price of gold is very high compared to historical standards There's little evidence that gold has been an effective hedge against unexpected inflation whether measured in the short- or long-term Gold isn't a currency hedge There's no proof that gold is a good investment when real returns on other assets are low If key emerging market countries owned gold on levels like more developed markets, the price of gold would likely rise"
Gold is a great product to invest in, gone are the days when currencies were backed by Gold, but in times of touble and strife the price of gold always rises so it is in my opinion some thing to include in your wealth plan, In Asia it is common for people to use gold and one ould almost say it is used as a currency in the many pawn shops.
The price of "real money" gold, is going much higher. (In reality, the gold price is stable, and fiat currencies are being destroyed.) King dollar would be gone already if it wasnt the worlds reserve currency which has allowed us to drown ourselves even further then normal . I am confident in where gold prices are going, but I am looking fore some feedback on what on the surface, seems like a good program
Agreed, just look at the monopoly money which is being printed monthly fron fed reserve, QE infinity will put the final nail in the coffin of U.S. dollar as I see it, and given inflation is about to explode on top of devaluation of dollar as it sinks like a rock, the only reason it has held up at all over past year is due to the rest of the worlds currencies have tanked. Gold and silver is all I will hold as a long term investment. Best success to all,
As to Karatbars, I've seen some buzz about it lately, for various reasons. If you like commodities such as gold tied to your home business opportunity then Karatbars could be a good move for you. I was in a silver business in the past but the biggest challenge with commodity/precious metal business in price value can get out of whack as it relates to home business product sales. I found buying and selling on Ebay to provide great pricing for precious metals, and I chose to pursue other home business avenues.
Im confused, there is no better hedge for inflation then Gold Inflation is the expansion of the money supply, and that will continue for a very long time
1. Been reading blogs about Karatbars for some time now and always liked this forum. I have been following this Karatbars Thread for a while now and taking each argument on its merits and using those arguments in my own due diligence on Karatbars International. Now before the beatings start, I have to disclose that I am a VIP affiliate of Karatbars for the past 8 months or so, but 6 of those I spent researching the opportunity. I joined at VIP because I was looking to acquire bullion and I have clients involved in other network marketing companies and they make a decent income from them. Im a qualified tax and business consultant (essentially a specialised CPA) and have a small but profitable practice in my hometown in Ireland. My reputation is my cornerstone of my income so I have to protect that no matter what – so I cant get involved in anything even remotely fraudulent. So to address some of the points that keep coming up I want to offer my opinion on them - I hope you find that Im balanced and reasonable. 1. Is Karatbars an MLM?- I find this argument somewhat redundant; in that what difference does it make? the compensation plan is clearly defined and the terms and conditions of being an affiliate are extremely detailed. Therefore iIt is what it is. If that is something you cant/wont do – then don’t participate in it. 2. Is the gold overpriced? The most common mistake people make is to look up the spot price of an ounce of gold online and divide it by 31.1 and come up with a gram price. This is a very naive way to price any product. People should understand that small amounts of anything are always going to be proportionally more expensive due to fixed costs of production. Furthermore, one must consider what a Karatbar is, its highly secure hologram and DNA protected LBMA gold - this is highly significant. indeed there are "cheaper" 1 gram gold bars out there. These are normally contained in a plastic blister, therefore much less secure, they are not LBMA and not hologram protected. You may be ok with this but If you want to compare like with like, compare a "kinebar" with a Karatbar - that should give you a much fairer comparison. - Also consider the minimum purchase requirements (and availability!!!) There is also added value within the Karatbar product range. Look towards the 5gram card and all of a sudden Karatbars is as competitive as any other producer. Similarly if one purchases a sizeable quantity delivery is free. Knowledge of the Karatbars system and how Gold Bullion is sold is imperative before making a judgment call as there is strategies to reduce the gram price further. 3. The dual system. Again opinions are plentiful about this. Similar to above these opinions come down to the individual – either they can do it or they cant. From a due diligence point of view one looks at 2 things. 1. Does the company deliver on its payment promises?; and 2. is the product genuine? In both cases Karatbars is positive, they pay exactly what the affiliate earns on time every time. So if someone purchases a dual system package and doesn’t get a return its simply down to them. Ultimately this is a business and not everyone succeeds is business – Karatbars (or any other company) DONT owe you a living – you got to go out there and earn it. We got the product analysed by a gold expert in our own town and in his opinion it was exactly as described i.e. 999.9 24k 1gram 2.5gram and 5gram LBMA gold bullion. Finally, I noted an argument which stated that if everyone requested their gold at the same time, Karatbars couldn’t deliver and would ultimately fail. Indeed this is a very valid point and may be the case; unfortunately the same can be said about every financial institution the world over – if every deposit holder came to with draw their savings at the same time the bank collapse… eg Northern Rock Bank in the UK . SO again one must consider this in relation to what is actually the case and not some theoretical hypotheses so one has to consider the cover ratio and what is acceptable level to them. Summary Karatbars offer a very tangible and valuable product and almost every Licensed financial advisor would recommend that everyone hold some physical gold in their portfolio. Karatbars offer a product to fit that market they do not offer financial advice. Their compensation plan is what it is and pays out as defined. The product as far as we can establish is completely genuine. hope this helps best regards joe
