Karatbars International was founded in 2011. The company specializes in the sale of small gold bars and gift items in gold bullion. (https://www.karatbars.com/index.php?page=company_profile)
They promote investment in gold. They sell 1 gram Classic Karatbar for about US $60. Which seems very high.
They promote a Multi Level Market strategy for members to get family and friends to buy the Karatbar , where commissions go to the member. Of course, members sign up new members and recieve commissions from there.
So, it is a MLM, selling a valid product at an overpriced point, passing commissions up the chain.
Simple. Ponzi Scheme right?
I had a good friend sign up and send me a very nice video promoting Karatbars. Most of the video promoted gold, indicated the knowledge of fiat currencies, and promoted a wealth mentality of investing in yourself, your own business and your own independence. It was a good video.
I told my friend the gold was overpriced and showed him better places to acquire silver and gold at a reasonable price. The video link does not work anymore.
Have you been approached about Karatbars? What is your opinion? What's your experience?
Scam ? or Real ?
See More at: https://hive.blog/karatbars/@goldkey/karatbars-scam-or-real-whatcha-think
This is a scam. MLM ponzi, last time there was a company called Geneva Gold which did the same scheme in Singapore and alot of people were corn and lost their saving.
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