You are welcome to my Karatbars review.
Although we are moving into the era of digital currencies, Gold is still significantly valued by people.
People would instead hold their investments in Gold because they can trust that its value will be consistent.
So while other Multilevel Marketers come to you selling health care products and supplements, Karatbars Agents sell gold bars.
While owning gold might seem like a great prospect, I m sure you took your time to read my review to find out if Karatbars is legit or NOT.
Thank you for joining me, I will be doing a detailed and systematic review on Karatbars, and you will find out if it is worth your money time and energy.
Karatbars at a Glance
Product Name: Karatbars Investment.
Founder: Harald Seiz (2011).
Price: From $135 (bronze package) to $800 (gold package).
Product Type: Gold Investment MLM
Best For: People who want to make money trading gold and commodities
Summary Review of Karatbars
Karatbars is a company founded by Harald Seiz.
This legitimate although MLM Company specializes in selling small gold bars and gift items in gold bullion.
In addition to this, they offer people a business opportunity for anyone to join and earn with them.
In this review, we will examine the claims of Karatbars, its products, and the secret nobody tells you before you enter the company.
Please leave a comment if you have had a positive or negative run-in with Karatbars.
What Exactly is Karatbars About?
Trading bullion can be a lucrative way to invest your money and a great way to diversify your risk. Many traders prefer to balance their investments in the form of gold bullions.
This is because in cases of global economic crisis, gold relatively performs well.
Bullion is a bulk quantity of precious metal, such as gold, silver, platinum or palladium measured by weight and then cast as bars or ingots.
Emerging economies usually experience long periods of economic and political instability.
During this period, citizens and investors alike experience devaluations in local currencies and are less likely to trust fiat currencies. For this reason, gold is an attractive failsafe.
Karatbars is a legitimate MLM company founded by Harald Seiz in 2011.
The company which is headquartered in Stuttgart, Germany offers its business opportunities across 70 countries and has plans to expand to over 194 countries worldwide.
Karatbars’ main product is the Karatbars Classic Cards which is gold bars of 1-gram gold embedded in a card.
These cards are Karatbars ways of providing some insurance against economic ups and downs. Since these cards are of smaller weight, they are easy to carry and are designed to appeal to customers.
Karatbars also has a product called the Collector Karatbars, unlike the Classic Cards the Collector Cards have a gold nugget embedded in them. Karatbars also offers gold in 1.0 Gram, 2.5 Gram, and 5.0 Gram Gold.
Karatbars present you with the kind of opportunity anyone would want to grab with both hands! But be careful, as easy as they make earning a passive income with Karatbars look, all that glitters is not gold!
How Much Does it Cost to Join Karatbars?
Karatbars membership is open to anyone.
In as easy as three steps, you can sign up to be a member. However, Karatbars offers three pathways into its affiliate program.
You can either pay 135 USD to buy into Karatbars’s Bronze package, 350 USD for its Silver package or you could spend 800 USD to buy into its Gold package.
With any of these packages, you can earn with Karatsbar. This is your signup fee; you will need to pay for shipping and buy your supplies.
Who is Karatbars Affiliate Program for?
Karatbars affiliate program is best suited for people who are familiar with gold and commodities trading, and who are seasoned traders of these products.
If you do not have this experience, I’m afraid this is a wild goose chase for you, one that will cost you.
How to Make Money with Karatbars Affiliate Program?
Gold is considered to be a universal investment and is accepted anywhere. Also, it can be easily converted during an economic crisis.
Your aim when purchasing bullion is to buy when prices are low and sell when prices are high.
You earn with Karatbars through:
- Sales dependent commission – direct, unilevel, and binary.
- Karatsbars Gold Fund.
- Recruitment-based bonuses and incentives.
The Karatbars compensation plan revolves around a unilevel and binary organization.
Its unilevel organization creates a new leg underneath you for each member that you recruit into the Karatbars.
The company encourages you to hire at least two other people who become your downlines. These downlines are also encouraged to recruit two other people in turn.
You earn the following through the 7 Karatbars Uni-Level Ranks each month
- Supervisor – 200 Points
- Bronze Supervisor – 500 Points
- Silver Supervisor – 1250 Points
- Gold Supervisor – 2500 Points
- Bronze Manager – 4000 Points
- Silver Manager – 6000 Points
- Gold Manager – 9000 Points
For the Binary commission, affiliates earn from their downlines in a binary form.
A member receives a certain amount from their downlines if their team achieves 50 units on the right leg from sales and 25 units on the left leg.
The compensation plan for Karatbars is complicated, poorly explained and involves so many unnecessary levels to find out more about its compensation plan; you can download a comprehensive compilation of its program here or watch this video.
Karatbars Support and Customer Service
Karatbars International can be reached at its physical location at Vaihinger Straße 149A, 70567 Stuttgart, Germany.
The company also has email support firstname.lastname@example.org, and since its agents are provided with landing pages, they may also have to act as their customer service providers.
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What is Good About Karatbars?
The business is legitimate, and the gold bars are authentic.
The process of production, packaging, transport and storing of each gold bar reflects reliability.
The bullion is also insured.
Issues with Karatbars Affiliate Marketing Program
It costs 135 USD one-time registration fee to become an affiliate marketer on the lowest level.
This cost does not cover shipping and other logistics associated with selling the gold bullion.
Also, the cost of purchasing gold with Karatbars is more expensive than the actual value you get for it in the gold market.
Karatbars usually sells gold to its users at a 25%-35% markup which is an unfair price if you ask me.
At any time, their cost per gram of gold is at least $30 higher than the standard global market price. Sometimes their price per gram of gold is almost twice the global market price.
Not only is this outrageous but it also makes it impossible for anyone to trade their gold.
This results in a loss for the trader and profit for the company.
Canada and Netherlands’ finance regulatory bodies have deemed Karatbars fools’ gold and warn their citizens from doing business with the German company.
Also, the company states that it is located in Germany, but if you look at the website domain, it indicates that the company is most like in Glarus, Switzerland.
Is Karatbars a Scam?
In my opinion, Karatbars is a scam hiding behind a legitimate company.
It is an overpriced and shady MLM. The company structure is designed such that you have to recruit more people before you can earn making it seem like a Ponzi scheme.
Also if you want to earn from gold, isn’t it safer to buy from reputable companies?
Is Karatbars Worth Your Money?
Karatbars is selling a shady product behind its affiliate marketing system.
However, if you are looking for legitimate platforms to make money from I will like to recommend Wealthy Affiliate.
Its affiliate marketing program has allowed me to earn passive income. I have been able to make a four-figure passive income every month from Wealthy Affiliate.
You can click on my link here, to read more about the Internet Marketing Techniques that Wealthy Affiliate equips you with.
What do you think about my Karatbars Review? What product should I review next?
I will love to hear from you, kindly drop your thoughts in the comment section below.
It is great to meet you finally. John is my name, and I'm the owner of Amazing Profits Online. I am a Full-Time Affiliate Marketer at Wealthy Affiliate, a community that teaches anyone to earn a full-time income online with their own passion-driven online business. No Credit Card Is Needed. It is FREE to Join. You can also Click here to get to know more about me.