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Getbig Misc Discussion Boards => Industry Business Technology Board => Topic started by: Vince G, CSN MFT on April 26, 2013, 05:55:18 AM

Title: Karatbars are an overpriced way to buy gold
Post by: Vince G, CSN MFT on April 26, 2013, 05:55:18 AM
I finally decided to do some research on Karatbars.....

Currently, you can buy one gold bar car for 52.32 Euros....One gold bar is equal to 1 gram of gold.


It take 28 grams to equal one ounce of gold making the price making it 1472 Euros or 1922 US Dollars......

Currently Gold Is selling at 1339 US Dollars an ounce....


Sorry Judi...not the business for me





In other words, its an almost 600 dollar markup.  Sorry Judi...but this business is not for me...nothing personal
Title: Re: Karatbars are an overpriced way to buy gold
Post by: Chadwick The Beta on April 26, 2013, 10:19:38 AM
vince spent all his money on a "degree" from ashworth "college"   ::)
Title: Re: Karatbars are an overpriced way to buy gold
Post by: 24KT on April 26, 2013, 07:26:33 PM
I finally decided to do some research on Karatbars.....

Currently, you can buy one gold bar car for 52.32 Euros....One gold bar is equal to 1 gram of gold.

It take 28 grams to equal one ounce of gold making the price making it 1472 Euros or 1922 US Dollars......

Currently Gold Is selling at 1339 US Dollars an ounce....

Sorry Judi...not the business for me

In other words, its an almost 600 dollar markup.  Sorry Judi...but this business is not for me...nothing personal

Vince,

If you don't see the value in Karatbars, that's ok, ...but you might want to re-evalute until you do tho. :P

In the interest of clarifying your inadvertent mistatement, Karatbars are actually the lowest priced gold bullion in it's asset class in the market.

You cannot simply compare the price of a gram relative to the price of an ounce, not with this particular asset class. Other larger weight bars or coins do not in any way compare to the advantages and benefits of owning small weight gold, let alone one with all the benefits & features of Karatbars.

You have to compare apples to apples. Karatbars gold is in a completely different asset class.

Also too, Gold is measured in troy ounces. There aren't 28 grams to an ounce, but rather 31.1 grams in a troy ounce.

The price per oz that we often see quoted, is the "paper price" of gold.  A price that is determined by sales in multiples of as much as 100:1 of the underlying physical. In other words, if the various exchanges whether LBMA, Comex etc have 1 oz, they will re-sell that same oz to 100 different buyers raking in 100 times whatever they have determined to be the "spot price"

So if spot is $1339 then the current true value to the bullion banker of 1 ounce of physical bullion is actually $133,900. At such a valuation, or even 1/10th that, I will be acquiring as much as I can.

But here's the bottom line... GOLD is money. It always has been and always will be.

If you compare the price of a gold bar to other gold bullion in the same asset class, you will find Karatbars to be the lowest priced bullion in that asset class on the market. Karatbars also enjoy the highest buyback prices along with the most options for liquidity.

Prices fluctuate from day to day, however let's compare today's price between gold of similar asset class:

(http://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-frc1/538128_478836005512601_1910083052_n.jpg)
Karatbars price out of pocket: 0 - 53.85 euro
Karatbars preferred customer price: 0 - 52.09 euro
Quantity Available: as much or as little as you want
Available to 74+ countries
Delivery to 50+ countries


(http://suissegold.ch/images/T/UBS-1g.jpg)
UBS price: 54.09 euro
Quantity Available: Out of stock
Delivery to only 14 countries

Even if one were to pay the highest price Karatbars sells gold for, it is still less than all others.

Not only is Karatbars the world's largest producer of 1 gram weights, we also have the ability to purchase as little as 1 gram, and have it delivered.

Karatbars also has a K-Exchange program that will facility using your gold to exchange for goods & services.

(http://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-prn1/532726_505503952845806_2143269402_n.jpg)

In my opinion, Gram for Gram, NO OTHER GOLD even comes close to providing the hedge protection against the rampant global currency trends of paper money debasement than Karatbars.

I strongly encourage you and anyone else who hears about Karatbars to not dismiss it.
 
Title: Re: Karatbars are an overpriced way to buy gold
Post by: 24KT on April 26, 2013, 07:39:46 PM
Don't balk, Vince, it's possible Goldie Locks may have even more wealth than you do from hocking her product on a bodybuilding message board!

"Goldie Locks"   ;D   Hahahaha I love it!

Don't Scream About the Upcoming Storm,
Instead, position yourself to dance in the rain!


Title: Re: Karatbars are an overpriced way to buy gold
Post by: Vince G, CSN MFT on April 29, 2013, 10:26:45 AM
Vince,

If you don't see the value in Karatbars, that's ok, ...but you might want to re-evalute until you do tho. :P

In the interest of clarifying your inadvertent mistatement, Karatbars are actually the lowest priced gold bullion in it's asset class in the market.

You cannot simply compare the price of a gram relative to the price of an ounce, not with this particular asset class. Other larger weight bars or coins do not in any way compare to the advantages and benefits of owning small weight gold, let alone one with all the benefits & features of Karatbars.

You have to compare apples to apples. Karatbars gold is in a completely different asset class.

Also too, Gold is measured in troy ounces. There aren't 28 grams to an ounce, but rather 31.1 grams in a troy ounce.

The price per oz that we often see quoted, is the "paper price" of gold.  A price that is determined by sales in multiples of as much as 100:1 of the underlying physical. In other words, if the various exchanges whether LBMA, Comex etc have 1 oz, they will re-sell that same oz to 100 different buyers raking in 100 times whatever they have determined to be the "spot price"

So if spot is $1339 then the current true value to the bullion banker of 1 ounce of physical bullion is actually $133,900. At such a valuation, or even 1/10th that, I will be acquiring as much as I can.

But here's the bottom line... GOLD is money. It always has been and always will be.

If you compare the price of a gold bar to other gold bullion in the same asset class, you will find Karatbars to be the lowest priced bullion in that asset class on the market. Karatbars also enjoy the highest buyback prices along with the most options for liquidity.

Prices fluctuate from day to day, however let's compare today's price between gold of similar asset class:

(http://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-frc1/538128_478836005512601_1910083052_n.jpg)
Karatbars price out of pocket: 0 - 53.85 euro
Karatbars preferred customer price: 0 - 52.09 euro
Quantity Available: as much or as little as you want
Available to 74+ countries
Delivery to 50+ countries


(http://suissegold.ch/images/T/UBS-1g.jpg)
UBS price: 54.09 euro
Quantity Available: Out of stock
Delivery to only 14 countries

Even if one were to pay the highest price Karatbars sells gold for, it is still less than all others.

Not only is Karatbars the world's largest producer of 1 gram weights, we also have the ability to purchase as little as 1 gram, and have it delivered.

Karatbars also has a K-Exchange program that will facility using your gold to exchange for goods & services.

(http://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-prn1/532726_505503952845806_2143269402_n.jpg)

In my opinion, Gram for Gram, NO OTHER GOLD even comes close to providing the hedge protection against the rampant global currency trends of paper money debasement than Karatbars.

I strongly encourage you and anyone else who hears about Karatbars to not dismiss it.
 


If that's the case, then it makes it a lot worse...it adds 3 extra ounces or about 210 dollars to the price of one ounce of gold
Title: Re: Karatbars are an overpriced way to buy gold
Post by: syntaxmachine on April 29, 2013, 01:00:52 PM
"Goldie Locks"   ;D   Hahahaha I love it!

Don't Scream About the Upcoming Storm,
Instead, position yourself to dance in the rain!



That font is so big, how can I argue against it?!

I love rain as well, but there are a variety of cheap ways to profit during downturns which don't require buying physical objects at significantly higher than market prices, objects with no obvious connexion to inflation at all.
Title: Re: Karatbars are an overpriced way to buy gold
Post by: Chadwick The Beta on April 29, 2013, 01:17:31 PM
That font is so big, how can I argue against it?!

I love rain as well, but there are a variety of cheap ways to profit during downturns which don't require buying physical objects at significantly higher than market prices, objects with no obvious connexion to inflation at all.

Judi/Samson thinks that arguing with her is "hate speech"  ::)

pyramid scammer extraordinnaire
Title: Re: Karatbars are an overpriced way to buy gold
Post by: 24KT on April 29, 2013, 09:39:11 PM

If that's the case, then it makes it a lot worse...it adds 3 extra ounces or about 210 dollars to the price of one ounce of gold

There's a big difference between price and value.

It's not what it costs that's important, ...the important question to ask is what is it worth?
It's worth far more than the price. As far as price goes, ...it's the lowest priced 1 gm piece in it's asset class.

You can always find cheaper gold out there, but cheaper gold isn't worth as much.
You can take two 20" gold rope chains. One is 10K gold, while the other is 18K gold. There'll be a price difference. You can't say the 18K gold chain is a rip off because you can buy a 10K for less. You're comparing two different qualities. That quality difference may not matter much when it comes to jewellry or mere pieces of adornment, but when it comes to protecting your money against currency debasement, the purity of the gold is paramount. 999.9 pure 24KT LBMA GDL gold is currency grade. It is the only type of gold recognized by gov'ts and financial institutions as good for settlement of debt. It's also the only grade of gold that gov'ts & central banks use to settle debts. That's an important factor to consider. If you're going to compare, you must compare apples to apples, because when it comes to gold, Karatbars bullion is in a superior asset class to an American Eagle or a South African Kruggerrand, or even a Canadian Maple Leaf.
Title: Re: Karatbars are an overpriced way to buy gold
Post by: 24KT on April 29, 2013, 10:31:27 PM
That font is so big, how can I argue against it?!

I've already started using my new nickname  :D

I love rain as well, but there are a variety of cheap ways to profit during downturns which don't require buying physical objects at significantly higher than market prices, objects with no obvious connexion to inflation at all.

I think you missed where I earlier pointed out that Karatbars bullion is in fact the lowest priced bullion in it's asset class.

Not all gold is created equal. Sadly, far too many people are going to find that out a little too late.  :'(

Karatbars are heads & shoulders above the rest in terms of value,
benefits and features, making karatbars the very best gold to own imo.


I put that in a larger font so you wouldn't be able to argue against it.  ;)   :-*

Karatbars Introductory Recorded Webcast (http://www.anymeeting.com/WebConference-beta/RecordingDefault.aspx?c_psrid=ED59DD858249)   <-- click me  :D

btw, Karatbars doesn't do cheap, ...we do do economical, and we have a way for the average person to acquire currency grade gold in smaller, more economical / affordable, transaction friendly weights 1 gram at a time.

We're not looking to "make money" with gold, ...although we can make a lot of money with Karatbars.
Our program is about "saving money" using gold. It is about protecting and defending ourselves from the rampant currency debasement taking place all over the planet. No derivative paper currency is safe from the unwise decisions of politicians & governments. And thanks to the Great Cyprus Bank Robbery, we know paper currency sitting in the bank isn't safe either, so we pay ourselves first by converting paper currency into gold karatbars, and place it out of reach of insolvent banks or gov'ts willing to continue stealing from us, in order to make themselves whole . We're taking the counterfeit gold substitute issued by the Fed and turning them back into real money, 999.9 pure 24KT currency grade gold issued by Karatbars.

We still have our money, it's just in a more durable form, ...and in transaction friendly weights.

(http://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash3/67566_10201055788903619_1895218999_n.jpg)
Title: Re: Karatbars are an overpriced way to buy gold
Post by: 24KT on May 01, 2013, 01:40:00 AM
I finally decided to do some research on Karatbars.....

One gold bar is equal to 1 gram of gold.


Vince,
I would greatly appreciate it, if you would refrain from trying to represent my product.
If not out of professional courtesy, then do it out of courtesy & respect for the readers here.
You're NOT qualified to represent Karatbars, because you clearly don't know the facts.
 
That said, I can't believe I didn't spot the above highlighted inaccuracy before.


1 gold bar DOES NOT EQUAL 1 gram of gold.

KaratbarsTM is a branded trade name, representing the company and grade of gold issued.
It represents 999.9 pure 24KT LBMA GDL gold with various security features & benefits
It is NOT a reference to the weight of the bullion piece.

KaratbarsTM are available in 1 gram, 2.5 gram, and 5 gram weights.


(http://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-frc1/538128_478836005512601_1910083052_n.jpg)
          1 gram weight gold bar

(http://www.karatbars.com/uploads/products/Small/prd_1367292474_9605785191.jpg)
          2.5 gram weight gold bar

(http://www.karatbars.com/uploads/products/Small/prd_1367292574_1627279602.jpg)
          5 gram weight gold bar


Even if true, this doesn't affect the content of my post: it's still significantly above market price, and it's still much more expensive relative to other means of profiting during downturns.

 :o  Oh Nick! Have you been paying attention?

I stated the smallest denomination of KaratbarsTM, currently the 1g unit is priced between zero - 53.85 euro.

Karatbars account holders enjoy discounted pricing that can range anywhere from 3% - 100% off.

If one is paying ZERO for their KaratbarsTM, how is it still above the market price, ...significantly or otherwise?
The only other bullion that even begins to compare with KaratbarsTM is the UBS kinebarTM and their 1 gram piece is priced at 54.09 euro.

Since when is ZERO more expensive than 54.09 ???

Karatbars are without a doubt the lowest priced 1g bullion piece on the market with the highest buyback price.

UBS's 1g kinebarTM gold pieces don't even really compare to karatbarsTM when you factor in the additional benefits that come along with owning karatbarsTM, but they are the closest in terms of asset class (999.9 pure 24KT LBMA GDL hologrammed, serial numbered, certificated etc), and so the comparison is made. However, trying to compare KaratbarsTM gold bullion pieces to American Eagle or Kruggerrand coins is like trying to compare apples to oranges. It's the equivalent of comparing a 10KT twenty inch gold chain to a 18KT twenty inch gold chain of similar design. One will most definitely be priced higher than the other because one is of greater quality & purity than the other.

Let me state it another way. You can buy 2 pieces of land. Let's say they're even side by side in the same town

Lot A: A piece of land you own outright. You own the airspace above it, the mineral rights below it, and are not required to pay annual taxes on it. You can build any structure(s) you desire on it, or use the land for any purpose you desire without having to apply for building permits or be subject to zoning requirements.

Lot B: A piece of land that you are merely permitted to use in exchange for endless fees. You must pay additional fees if you want to erect any structures on this land, and you must pay additional fees to use the land for any additional purposes (provided you are even able to obtain permissions). This land has a mortgage on it. The lender can raise your mortgage interests rates whenever it wants, to whatever it wants, or foreclose at will and evict you. You do not own the airspace above it, or the mineral rights below it, and it is subject to seizure under emminent domain clauses. It is subject to annual tax assessments, determined by forces outside of your control, even if you manage to pay off the mortgage, ...any improvements you make to the land, will result in higher extortion fees payable simply for using that land, ...and if for any or whatever reason you fall behind in those annual extortion tax assessment payments that have been annually extorted from you, the land can be seized and sold right out from under you for a pittance. At the end of the day... or a 25 yr. mortgage, ...do you really own it, ...or are you for all intents & purposes just a mere tenant, a serf, subject to endless rental fees and whimsical permissions that may or may not be granted by the landlord?

Which piece of land would you prefer?  Lot A or Lot B? I know which one I would prefer.

This to me is the difference between owning privately issued 999.9 pure 24KT LBMA GDL gold, recognized by gov'ts & financial institutions worldwide for settlement of debt, and owning gov't issued coins & bars of lesser purity issued by gov't owned or gov't controlled mints that are subject to counter party risk in the form of recall and/or sanctions. I want to own my gold outright, and not merely be the bearer of it, ...just as I'd want to own my land outright, and not be a mere tenant or serf.


Quote
That font is too big, can't argue.

Good honeybunny, ...because I really don't like it when you argue with me.  ;)   :-*

(http://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-snc6/285749_477314772331391_1726162169_n.jpg)
Title: Re: Karatbars are an overpriced way to buy gold
Post by: 24KT on May 01, 2013, 12:03:29 PM
You've melted faster than all those gold-tinged credit cards you have will when the government comes for them in the event of a global economic collapse.

Serious question here: you dedicate a fair amount of copy and pasting time effort promoting a product here. Have you had a single human being join Team K-bar as a result of all this work? I mean, the marginal utility of each subsequent post must be negative at this point, given the lack of receptivity. Isn't it the silliest thing imaginable to hock it here of all places? I'd like to understand your mind a bit better.

I'm not the one who keeps bringing up Karatbars.
I'm also not hocking karatbars here, but I reserve the right to correct inaccurate info.
Title: Re: Karatbars are an overpriced way to buy gold
Post by: pedro01 on May 01, 2013, 04:43:15 PM
Quote
So if spot is $1339 then the current true value to the bullion banker of 1 ounce of physical bullion is actually $133,900

LMAO - get the fuck out of here....

$133,900 an ounce...  ::)

I live in a country full of Gold shops where people but very pure gold as an asset - and it sure as shit ain't $130k an ounce.

Title: Re: Karatbars are an overpriced way to buy gold
Post by: pedro01 on May 01, 2013, 04:45:26 PM
Quote
Karatbars account holders enjoy discounted pricing that can range anywhere from 3% - 100% off.

Sounds like MLM - explains the huge mark-ups.
Title: Re: Karatbars are an overpriced way to buy gold
Post by: 24KT on May 01, 2013, 07:32:21 PM
Very good. Now what of the question of why you dedicate resources to promoting k-bars here in particular (even if the promotion is merely defensive in the sense of responding to attacks)

I don't dedicate resources to promoting Karatbars here.

If you notice the number posted is a direct landline, and not my 1-800#.   ;D

If it weren't for the gimmicks & stalkers that are allowed to run loose here, no one would even be aware of my activities with Karatbars. They are the ones who brought Karatbars out on these boards to a lot of inaccurate info. I just attempted to clear up the disinfo campaign.

I think anyone who owns a bank account and/or who uses currency needs a karatbars account.
They just don't realize they do, ...or how badly they need it.

I consider it a moral obligation to disseminate the truth, something Americans (thanks to their presstitute media) don't always readily have at their fingertips. There is a concerted attack against America and Americans underway, and it's not necessarily only coming from extremists overseas. I also think the American people have been sodomized enough, and if I'm able to help educate someone as to what is really going on and what they can do to protect and defend themselves, it's encumbent upon me to do so.

If they don't have the eyes to see or the ears to hear, ...and if they choose to be willfully ignorant, that's their business. I've fulfilled my obligation to let them know they are not as powerless as others would have them believe they are.

Quote

 and whether anybody has been converted as a result of this?


Sorry, revealing that kind of information would be unethical. I choose to respect the privacy of others.
Title: Re: Karatbars are an overpriced way to buy gold
Post by: 24KT on May 01, 2013, 07:46:25 PM
LMAO - get the fuck out of here....

$133,900 an ounce...  ::)

I live in a country full of Gold shops where people but very pure gold as an asset - and it sure as shit ain't $130k an ounce.


YES!!!   $133,900 an ounce!

Bullion exchanges like Comex practice fractional reserve selling. They've been treating gold like any other financial instrument which they trade in multiples of anywhere between 45 - 100x's the underlying physical

Therefore, the true value of 1 oz of gold to the bullion banker who sells the same physical ounce of gold at spot 100x's over to 100 different buyers is spot times 100. If spot is $1339, then the seller is raking in $133,900 per ounce.

Sounds like MLM - explains the huge mark-ups.

Have I crossed over into the Twilight Zone?   ???

How is FREE a huge markup? How is the lowest price in the market if one has to pay out-of-pocket a huge markup?
Title: Re: Karatbars are an overpriced way to buy gold
Post by: pedro01 on May 01, 2013, 09:35:54 PM
YES!!!   $133,900 an ounce!

Bullion exchanges like Comex practice fractional reserve selling. They've been treating gold like any other financial instrument which they trade in multiples of anywhere between 45 - 100x's the underlying physical

Therefore, the true value of 1 oz of gold to the bullion banker who sells the same physical ounce of gold at spot 100x's over to 100 different buyers is spot times 100. If spot is $1339, then the seller is raking in $133,900 per ounce.

Have I crossed over into the Twilight Zone?   ???

How is FREE a huge markup? How is the lowest price in the market if one has to pay out-of-pocket a huge markup?

You are not in the twilight zone, you are in the ignorant zone. You have no clue what you are talking about.

You sound like someone that has been given a bunch of selling points from his MLM upline to pimp shoddy products.

You don't even know what COMEX is. Comex is a futures exchange. Futures exchanges exist in principle to secure the future price of products yet to be produced. In the case of Comex, it is there to secure the price for both consumers and producers of metals.

Comex does not practice a fractional reserve system because Comex does not hold gold, nor does Comex buy or sell Gold. Comex is merely a marketplace that matches up buyers and sellers of futures contracts. Similarly, CBOT exists to match buyers and sellers of Corn contracts (amongst others).

Farmers and the people that make cornflakes will both trade futures contracts to protect themselves from price fluctuations. At expiration, sellers of the contracts need to deliver corn and buyers need to take delivery of corn.

Exactly the same with Gold. If you hold at expiry, you need to either deliver or take delivery of the bullion. Of course, this rarely happens as the contracts are usually traded as a hedge. So you either roll your contract to the next delivery period or you get rid of it.

There is no fractional reserve in Comex at all, they are simply a place for people to exchange contracts for future product.

Implying that the true value of an ounce is $133,900 to weasel out of the fact that Karat bars are highly marked up to pay MLM commissions is disingenuous and you should be fucking ashamed of yourself for trying to part people from their hard earned money just so your upline can buy more motivational CDs and books.

As for free gold - don't even get me started on bullshit like that - it's all pure hype & marketing.
Title: Re: Karatbars are an overpriced way to buy gold
Post by: 24KT on May 02, 2013, 12:26:21 AM
You are not in the twilight zone, you are in the ignorant zone. You have no clue what you are talking about.

You sound like someone that has been given a bunch of selling points from his MLM upline to pimp shoddy products.

You don't even know what COMEX is. Comex is a futures exchange. Futures exchanges exist in principle to secure the future price of products yet to be produced. In the case of Comex, it is there to secure the price for both consumers and producers of metals.

Comex does not practice a fractional reserve system because Comex does not hold gold, nor does Comex buy or sell Gold. Comex is merely a marketplace that matches up buyers and sellers of futures contracts. Similarly, CBOT exists to match buyers and sellers of Corn contracts (amongst others).

Farmers and the people that make cornflakes will both trade futures contracts to protect themselves from price fluctuations. At expiration, sellers of the contracts need to deliver corn and buyers need to take delivery of corn.

Exactly the same with Gold. If you hold at expiry, you need to either deliver or take delivery of the bullion. Of course, this rarely happens as the contracts are usually traded as a hedge. So you either roll your contract to the next delivery period or you get rid of it.

There is no fractional reserve in Comex at all, they are simply a place for people to exchange contracts for future product.

Implying that the true value of an ounce is $133,900 to weasel out of the fact that Karat bars are highly marked up to pay MLM commissions is disingenuous and you should be fucking ashamed of yourself for trying to part people from their hard earned money just so your upline can buy more motivational CDs and books.

As for free gold - don't even get me started on bullshit like that - it's all pure hype & marketing.

So I misspoke. I know exactly what the comex is, and and how futures exchanges work.

My point is that bullion bankers resell the same gold over & over to multiple buyers and as a result rake in multiples upon multiples of the set price per ounce. that makes whatever physical they possess worth the set price per ounces times the amount of times they resell it.

if the set rental fee on an house is priced at  $100,000 and the seller sells it to 10 separate buyers, that house is essentially worth $1,000,000 to the seller because that's what he has taken in for the property.

Go ahead and mock & disparage what you don't know. You will never be able to say you were not told.

Title: Re: Karatbars are an overpriced way to buy gold
Post by: Chadwick The Beta on May 02, 2013, 01:58:28 AM
"you will never be able to say you weren't told"   

 ::)

Title: Re: Karatbars are an overpriced way to buy gold
Post by: pedro01 on May 02, 2013, 07:03:40 AM
So I misspoke. I know exactly what the comex is, and and how futures exchanges work.

My point is that bullion bankers resell the same gold over & over to multiple buyers and as a result rake in multiples upon multiples of the set price per ounce. that makes whatever physical they possess worth the set price per ounces times the amount of times they resell it.

if the set rental fee on an house is priced at  $100,000 and the seller sells it to 10 separate buyers, that house is essentially worth $1,000,000 to the seller because that's what he has taken in for the property.

Go ahead and mock & disparage what you don't know. You will never be able to say you were not told.



You should quit now.

You misspoke?? Claiming that Comex sells gold and that makes it worth $133k an ounce. Misspoke multiple times making the same nonsense claim.

Of course you know what Comex is now- you just go told by me.

Look - if a $300,000 house gets sold 20 times, it's still a $300,000 house to the person that currently holds it. Same as Gold - if Gold is $1340 an ounce, it's worth $1340 an ounce to the person that owns it - that's what they could sell it for. There are no circumstances under which Gold could be considered worth $133,000 an ounce. Your argument is fallacious.

Your Karat bars are expensive. Your attempts to make it look cheap are dubious at best.

Ask your upline for some better comebacks.
Title: Re: Karatbars are an overpriced way to buy gold
Post by: 24KT on May 02, 2013, 05:04:15 PM
You should quit now.

You misspoke?? Claiming that Comex sells gold and that makes it worth $133k an ounce. Misspoke multiple times making the same nonsense claim.

Of course you know what Comex is now- you just go told by me.

I was well aware of that long before you seized upon on the opportunity to point out a negligent error on my part.


Look - if a $300,000 house gets sold 20 times, it's still a $300,000 house to the person that currently holds it. Same as Gold - if Gold is $1340 an ounce, it's worth $1340 an ounce to the person that owns it - that's what they could sell it for. There are no circumstances under which Gold could be considered worth $133,000 an ounce. Your argument is fallacious.


Ya, using a house in my analogy was a bad example especially since a house is something that has consistently been subject to artificially inflated valuations, whereas gold is something that has consistently been subjected to artificially suppressed valuations.

The argument that I was attempting to make is that gold is far more valuable to the bullion bankers than the mere spot price, because of their practices of reselling the same gold multiple times over to many different buyers.  To the bullion banker, the true value of an oz of gold is up to 100 x's the given spot price. that was the point I was attempting to make.

I believe that when the bullion bankers are no longer able to extract 100 x's the spot price for an oz of gold, we will see that reflected in future prices for gold. The decoupling of paper and physical is underway and we will begin to see true price discovery.



Your Karat bars are expensive. Your attempts to make it look cheap are dubious at best.



If you think Karatbars are expensive, ...what til you tally the bill for your FRN's and gov't issued gold.  ;D



Ask your upline for some better comebacks.


I would, ...except he doesn't work after 4:30 pm  ;D
Title: Re: Karatbars are an overpriced way to buy gold
Post by: Vince G, CSN MFT on May 02, 2013, 06:55:43 PM
Vince,
I would greatly appreciate it, if you would refrain from trying to represent my product.
If not out of professional courtesy, then do it out of courtesy & respect for the readers here.
You're NOT qualified to represent Karatbars, because you clearly don't know the facts.
 
That said, I can't believe I didn't spot the above highlighted inaccuracy before.


1 gold bar DOES NOT EQUAL 1 gram of gold.

KaratbarsTM is a branded trade name, representing the company and grade of gold issued.
It represents 999.9 pure 24KT LBMA GDL gold with various security features & benefits
It is NOT a reference to the weight of the bullion piece.

KaratbarsTM are available in 1 gram, 2.5 gram, and 5 gram weights.


(http://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-frc1/538128_478836005512601_1910083052_n.jpg)
          1 gram weight gold bar

(http://www.karatbars.com/uploads/products/Small/prd_1367292474_9605785191.jpg)
          2.5 gram weight gold bar

(http://www.karatbars.com/uploads/products/Small/prd_1367292574_1627279602.jpg)
          5 gram weight gold bar

 :o  Oh Nick! Have you been paying attention?

I stated the smallest denomination of KaratbarsTM, currently the 1g unit is priced between zero - 53.85 euro.

Karatbars account holders enjoy discounted pricing that can range anywhere from 3% - 100% off.

If one is paying ZERO for their KaratbarsTM, how is it still above the market price, ...significantly or otherwise?
The only other bullion that even begins to compare with KaratbarsTM is the UBS kinebarTM and their 1 gram piece is priced at 54.09 euro.

Since when is ZERO more expensive than 54.09 ???

Karatbars are without a doubt the lowest priced 1g bullion piece on the market with the highest buyback price.

UBS's 1g kinebarTM gold pieces don't even really compare to karatbarsTM when you factor in the additional benefits that come along with owning karatbarsTM, but they are the closest in terms of asset class (999.9 pure 24KT LBMA GDL hologrammed, serial numbered, certificated etc), and so the comparison is made. However, trying to compare KaratbarsTM gold bullion pieces to American Eagle or Kruggerrand coins is like trying to compare apples to oranges. It's the equivalent of comparing a 10KT twenty inch gold chain to a 18KT twenty inch gold chain of similar design. One will most definitely be priced higher than the other because one is of greater quality & purity than the other.

Let me state it another way. You can buy 2 pieces of land. Let's say they're even side by side in the same town

Lot A: A piece of land you own outright. You own the airspace above it, the mineral rights below it, and are not required to pay annual taxes on it. You can build any structure(s) you desire on it, or use the land for any purpose you desire without having to apply for building permits or be subject to zoning requirements.

Lot B: A piece of land that you are merely permitted to use in exchange for endless fees. You must pay additional fees if you want to erect any structures on this land, and you must pay additional fees to use the land for any additional purposes (provided you are even able to obtain permissions). This land has a mortgage on it. The lender can raise your mortgage interests rates whenever it wants, to whatever it wants, or foreclose at will and evict you. You do not own the airspace above it, or the mineral rights below it, and it is subject to seizure under emminent domain clauses. It is subject to annual tax assessments, determined by forces outside of your control, even if you manage to pay off the mortgage, ...any improvements you make to the land, will result in higher extortion fees payable simply for using that land, ...and if for any or whatever reason you fall behind in those annual extortion tax assessment payments that have been annually extorted from you, the land can be seized and sold right out from under you for a pittance. At the end of the day... or a 25 yr. mortgage, ...do you really own it, ...or are you for all intents & purposes just a mere tenant, a serf, subject to endless rental fees and whimsical permissions that may or may not be granted by the landlord?

Which piece of land would you prefer?  Lot A or Lot B? I know which one I would prefer.

This to me is the difference between owning privately issued 999.9 pure 24KT LBMA GDL gold, recognized by gov'ts & financial institutions worldwide for settlement of debt, and owning gov't issued coins & bars of lesser purity issued by gov't owned or gov't controlled mints that are subject to counter party risk in the form of recall and/or sanctions. I want to own my gold outright, and not merely be the bearer of it, ...just as I'd want to own my land outright, and not be a mere tenant or serf.


Good honeybunny, ...because I really don't like it when you argue with me.  ;)   :-*

(http://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-snc6/285749_477314772331391_1726162169_n.jpg)


I'm not wishing to offend you Judi...that water is far under the bridge and many moons ago.  However, I looked into Karatbars as you requested me to do many times, spoke with current and former IBO's, and did the research and came to the conclusion.

Based upon what I learned, I found that the price being charged for Karatbars is about 300 dollar over the market high of 1939 dollars back in 2011.  Gold is now about 1300 dollars an ounce.  Sorry, but its not the business for me.  I'll stick to my ecommerce stores and the Advocare business
Title: Re: Karatbars are an overpriced way to buy gold
Post by: 24KT on May 02, 2013, 11:03:24 PM

I'm not wishing to offend you Judi...that water is far under the bridge and many moons ago.  However, I looked into Karatbars as you requested me to do many times, spoke with current and former IBO's, and did the research and came to the conclusion.

Based upon what I learned, I found that the price being charged for Karatbars is about 300 dollar over the market high of 1939 dollars back in 2011.  Gold is now about 1300 dollars an ounce.  Sorry, but its not the business for me.  I'll stick to my ecommerce stores and the Advocare business

Hmmm... that's interesting, ...because you've never once spoken with me.

I recognize we've had challenges over the years, and many people did become inactive and place their focus elsewhere, however, we have battled through the challenges and found solutions to these. As a result, many of those who quit or became inaction came back to life.

We also have those who aren't taking advantage of the business side, they're simply using Karatbars to get gold.

Bottom line... we're not what we used to be, and we're not yet what we're going to be, but what we are at the moment is pretty spectacular.
Title: Re: Karatbars are an overpriced way to buy gold
Post by: Chadwick The Beta on May 03, 2013, 01:55:06 AM
Bottom line... we're not what we used to be, and we're not yet what we're going to be, but what we are at the moment is pretty spectacular.

hahahahahahahaha   oh, brother  ::)

what you are at this moment...and every moment of your life....is a pathetic internet spammer
Title: Re: Karatbars are an overpriced way to buy gold
Post by: 24KT on May 28, 2013, 07:05:55 PM
In other Global Currency Trends ..   :D

Grant Williams of Vulpes Investment Management in Singapore, editor of the "Things That Make You Go Hmmm..." financial letter, covered gold extensively in his presentation May 21 to the CFA Institute conference in Singapore, remarking that in April gold had come under "mathematically inexplicable pressure" and concluding that "the gold price is not the price of gold" --  that is, the gold futures market is not necessarily the market for real metal.Williams didn't quite say that the gold market has been subject to government intervention meant to propagandize and frighten, but the point probably will be understood by anyone except maybe developers of resort properties in Argentina's outback.

Williams' presentation is titled "Do the Math" and is posted at YouTube, and while at 49 minutes it's long, his review of the world economy is incisive and entertaining and those so inclined can skip to the gold section at 33:30:

DO THE MATH

Title: Re: Karatbars are an overpriced way to buy gold
Post by: avxo on June 17, 2013, 05:58:37 PM
DO THE MATH

I have done the math, in many other threads. And the math proves that Karatbars are a bad investment purely because of the storage volume required compared to traditional gold form factors. Let's review:

Assuming a gold bar is roughly the size of a credit card, it's dimensions are 85.60mm * 53.98mm * 0.76mm, giving us a volume of approximately 3.51cm3 per gram of gold. You need approximately 31 such card for one troy ounce of gold, occupying a volume of 108.8cm3.

Compare that to a single 1oz Canadian golden maple leaf coin, which has a diameter of 33mm and a height of 2.79mm, giving us a total volume of 1.972cm3.

In other words, purely as a function of the amount of storage required, you can fit 50 times more gold in the same space by buying 1oz Canadian maple leafs.

Now I've also done some more math which shows that Karatbars (and, this holds for any scheme that involves buying super-small quantities of anything with an end goal of accumulation, not just this particular scheme) is simply stupid. Let's go over that math together:

Right now the karatbars website says that a 1 gram can be purchased for €51.12. If we assume that one troy ounce of gold is exactly 31 grams (it's more, but what's a small amount of gold between friends?) then right now, I can buy an ounce of gold by getting 31 Karatbars. It will cost me 31 * 51.12 = €1584.72.

Let's look how much it would cost me to buy a 1 oz.  Canadian Maple from my friends at APMEX (http://www.apmex.com/product/9/1-oz-gold-canadian-maple-leaf-random-year): €1050.28.

Well shit... that's €534.44 less expensive. I other words buying a 1oz Maple is 66% cheaper than buying 31 1 gram Karatbars and taping them together to make a 1 oz Super-gold bar. Or, to put it another way, I can buy 3 1 oz Canadian Maple Leafs (for a total of three ounces of gold) for less money than it would cost me to buy 2 ounces of gold in 1 gram Karatbars.

Now, I'm not mathematician (no... wait... I am!) but the numbers speak very loudly and very clearly.

Now consider the simple fact that the Maple Leaf is a whole lot more liquid than a gold bar, a fact that I verified by calling 8 local places (I am in Las Vegas) all of which were familiar with Maple Leaf coins and were willing to pay me cash, on the spot, for them but none of which were familiar with karatbars and none were willing to pay me cash, on the spot, for Karatbars. Only one was willing to buy the Karatbars but said he would have to do research and would only pay after the gold content was verified.

So with all that said and done I'm curious about one thing...

Why would anyone buy 2 ounces of gold in a proprietary, hard to convert into cash form-factor that requires a boatload of space, when, for the same amount, they could buy three ounces in a much smaller package that they could convert into cash just about anywhere and at anytime?
Title: Re: Karatbars are an overpriced way to buy gold
Post by: Archer77 on June 18, 2013, 10:56:08 AM
Why would anybody buy gold?  As an outsider the whole gold market looks like a self inflated circular pool of buyers and sellers.  If the world fell into chaos gold would be worthless to the average person as I imagine a barter system would be the first kind of market to emerge in a crisis
Title: Re: Karatbars are an overpriced way to buy gold
Post by: 24KT on June 22, 2013, 06:19:57 AM
Quality post.

Actually Cholo, it is quite misleading. You cannot compare gold sized in gram weights with gold in ounce weights and expect a comparable price. Gold simply isn't priced that way. There will ALWAYS be a slightly higher premium on smaller weights because they are more labour intensive, and therefore more expensive to make.

In addition, he is comparing 2 different asset classes.

One truly needs to compare 999.9 pure 24KT LBMA GDL gram weight gold with others in the SAME asset class.

Canadian Maples are not in the same asset class as Karatbars, ...and are neither as flexible, nor considered as valuable.
They also do not come with as many benefits of ownership as Karatbars.

Now that the Fed has dumped even more paper on the market to shake out the weak hands, scare the ignorant, facilitate central bank acquisitions of physical, and push the price slightly below that of production... it's gonna get real interesting to witness the shortages that will abound, ...and the premiums other suppliers will start attaching. De-coupling of paper & physical is just around the corner... I think  :D

Bottom line, ...if one doesn't see the value in Karatbars, ...there's no law that says you have to acquire them.

It's like any other vehicle... I could have gotten 2 or possibly 3 vehicles for the price I paid for my BMW, but none would have been as durable, dependable or as valuable... There's no law that says one has to have filet mignon with every meal if your budget will only allow for hamburger meat twice a month.  Fortunately for myself and many others, we are able to leverage the system to magnify and accelerate our acquisition of Karatbars with no out-of-pocket costs. For me, getting my gold through the system, at no cost to myself is far more preferable to running around trying to find the best "just over spot" dealer to buy a lesser quality asset class out of my own pocket, ...but to each his/her own.
Title: Re: Karatbars are an overpriced way to buy gold
Post by: 24KT on June 22, 2013, 06:59:49 AM
Why would anybody buy gold?  As an outsider the whole gold market looks like a self inflated circular pool of buyers and sellers.  If the world fell into chaos gold would be worthless to the average person as I imagine a barter system would be the first kind of market to emerge in a crisis

Why  would anybody buy gold?  ...I suppose for the same reason why men buy shirts over a dry cleaners claim ticket. Gold is the real thing while FRN's were just a claim ticket to gold. A claim ticket that since 1971 has lost it's redeemability.

Gold will never be worthless. ...and can be easily exchanged into whatever currency one prefers worldwide.

People buy gold as a form of financial insurance, and as a store of generational wealth.

IMO, physical gold is a form of money best used for long term savings.

It's not about the world falling into chaos, it is about preserving and defending the value and purchasing power of our labour from the all out attack by the Fed and their policies. The derivatives bubble will come crashing down, and with it, everything else held in paper.

Barter is only used when people have no money to exchange for goods or services,

Gold is the money of Kings & Queens
Silver is the money of Aristocracy
Barter is the money of peasants
Debt is the money of slaves

"He who has gold, will always have money" ~ Alan Greenspan - Fmr. Fed Chair

"In the absence of gold, there is no way to protect yourself from confiscation via inflation" - Alan Greenspan
Title: Re: Karatbars are an overpriced way to buy gold
Post by: Chadwick The Beta on June 22, 2013, 08:31:48 AM
Gold is the money of Kings & Queens
Silver is the money of Aristocracy
Barter is the money of peasants
Debt is the money of slaves

hahahahahahaha oh, brother  ::)

I guess that is partly true.  The Queen of Spam and her tired cash for gold scheme cluttering up cyberspace yet again.

"Miss Black Ontario"  hahahahahahahahahahahaha hahahahahahahahahahahaha hahahahahahahaha
Title: Re: Karatbars are an overpriced way to buy gold
Post by: 24KT on June 22, 2013, 02:36:49 PM
I didn't start this thread, ...but you're right about one thing, ...I am a Queen!
Title: Re: Karatbars are an overpriced way to buy gold
Post by: avxo on June 22, 2013, 05:55:22 PM
Actually Cholo, it is quite misleading. You cannot compare gold sized in gram weights with gold in ounce weights and expect a comparable price. Gold simply isn't priced that way. There will ALWAYS be a slightly higher premium on smaller weights because they are more labour intensive, and therefore more expensive to make.

Right, so why buy anything in smaller weights? If you really value gold (as you claim you do) as a store of value then you should want to get the most gold for your fiat-buck. Right? Except you don't - you peddle this "buy gold by the gram" nonsense and you admit that doing so will cause you to buy gold at a higher price. How does that make ANY sense?


Canadian Maples are not in the same asset class as Karatbars, ...and are neither as flexible, nor considered as valuable.

What does "considered as valuable" means? The gold content of a maple is fixed - a on troy ounce coin contains exactly one troy ounce of gold, and the metal is refined to 999.9 millesimal fineness. Exactly like a "gold bar".

As for "flexible" I call bullshit. I can walk into over half a dozen stores within 10 minutes driving distance and exchange them for fiat money (which I can actually use to buy stuff) on the spot. I already told you that I cannot do this with Karatbars. I have to follow some ridiculous process and rely on your promises that any day now, I'll be able to carry my Karatbars and pay for the stuff that I want by trading them to someone else (I probably won't be able to get change back in Karatbars though).


They also do not come with as many benefits of ownership as Karatbars.

Name one tangible, actual, practical benefit.


Now that the Fed has dumped even more paper on the market to shake out the weak hands, scare the ignorant, facilitate central bank acquisitions of physical, and push the price slightly below that of production... it's gonna get real interesting to witness the shortages that will abound, ...and the premiums other suppliers will start attaching. De-coupling of paper & physical is just around the corner... I think  :D

Huh? ???

But let's assume all that nonsense is true, and it magically means that gold will become super-duper valuable. If that's the case, why shouldn't I want to get as many ounces of gold today so what when whatever you "described" (I use the term loosely) above happens, I have the most gold I could possibly want?


It's like any other vehicle... I could have gotten 2 or possibly 3 vehicles for the price I paid for my BMW, but none would have been as durable, dependable or as valuable...

The thing is, though, you bought a BMW. You didn't buy tiny parts of a BMW encased in plastic, did you?


Fortunately for myself and many others, we are able to leverage the system to magnify and accelerate our acquisition of Karatbars with no out-of-pocket costs. For me, getting my gold through the system, at no cost to myself is far more preferable to running around trying to find the best "just over spot" dealer to buy a lesser quality asset class out of my own pocket, ...but to each his/her own.

Enough with this lie of yours. You aren't getting gold for free from Karatbars or anywhere else. If you were, that would suggest that the actual value of the asset you claim is so valuable is exactly zero. So either you're doing one of three things:


So which is it?
Title: Re: Karatbars are an overpriced way to buy gold
Post by: Chadwick The Beta on June 22, 2013, 06:02:26 PM
So either you're doing one of three things:

  • participating in a pyramid scheme and when you drag others in, you get a small cut; or
  • you are lying to us when you say that you are getting gold for free; or
  • you are lying to us when you say that gold has intrinsic value.

So which is it?

All three. 

She is the biggest joke on getbig with the exception of Will Grant.
Title: Re: Karatbars are an overpriced way to buy gold
Post by: avxo on June 22, 2013, 06:05:17 PM
Gold will never be worthless. ...and can be easily exchanged into whatever currency one prefers worldwide.

And yet, somehow, you claim to get this commodity that you assert is not and will never be worthless for free.
Title: Re: Karatbars are an overpriced way to buy gold
Post by: pedro01 on June 22, 2013, 08:03:26 PM
Actually Cholo, it is quite misleading. You cannot compare gold sized in gram weights with gold in ounce weights and expect a comparable price. Gold simply isn't priced that way. There will ALWAYS be a slightly higher premium on smaller weights because they are more labour intensive, and therefore more expensive to make.

In addition, he is comparing 2 different asset classes.

One truly needs to compare 999.9 pure 24KT LBMA GDL gram weight gold with others in the SAME asset class.

Canadian Maples are not in the same asset class as Karatbars, ...and are neither as flexible, nor considered as valuable.
They also do not come with as many benefits of ownership as Karatbars.

Now that the Fed has dumped even more paper on the market to shake out the weak hands, scare the ignorant, facilitate central bank acquisitions of physical, and push the price slightly below that of production... it's gonna get real interesting to witness the shortages that will abound, ...and the premiums other suppliers will start attaching. De-coupling of paper & physical is just around the corner... I think  :D

Bottom line, ...if one doesn't see the value in Karatbars, ...there's no law that says you have to acquire them.

It's like any other vehicle... I could have gotten 2 or possibly 3 vehicles for the price I paid for my BMW, but none would have been as durable, dependable or as valuable... There's no law that says one has to have filet mignon with every meal if your budget will only allow for hamburger meat twice a month.  Fortunately for myself and many others, we are able to leverage the system to magnify and accelerate our acquisition of Karatbars with no out-of-pocket costs. For me, getting my gold through the system, at no cost to myself is far more preferable to running around trying to find the best "just over spot" dealer to buy a lesser quality asset class out of my own pocket, ...but to each his/her own.

BMWs, Filet Mignon are well known names where the quality of the product determines the price. Gold is determined by purity. At any purity, Gold is Gold and has an agreed value by weight that is what makes it a potential currency. A Gold trader will have a bid and an offer price OR a buy and a sell price. They will also have a spread between the buy and sell price which is effectively his profit margin. This is the Gold market - whether it be futures or physical product. Every Gold shop in Thailand has 2 prices displayed prominently in the window which changes each day (and sometimes during the day). Those are the prices they buy physical Gold and the prices they sell it. This is fixed regardless of the amount brought or sold. There is no 30% uplift for small quantities.

Saying that embedding Gold in plastic increases the value of the Gold by 30% is ludicrous. If that were the case, we should all go out & buy plastic.

No-one gives Gold away for free. The only way an MLM scheme is able to give YOU gold for free is to sell SOMEONE ELSE gold and an inflated price. The fact you keep going on about "free Gold" simply proves the point beyond doubt that others are paying way over market price for which you should be fucking ashamed of yourself.

Were the shit to hit the fan, gold bar owners would not be able to use that Gold as currency without removing all the crap from around the Gold so that it could be weighed and verified. Remember - this would not be a world where everyone trusts each other. All that plastic crap around the Gold makes it less portable, hard to break up and more cumbersome. Karatbars are much LESS flexible than the metal itself.

All of the arguments you put forward here are given to you from MLM HQ. They exist to fool the gullible.

For example, the argument that Karatbars are 'spendable' - have you tried using them in WalMart? I live in a nation where Gold IS closer to being accepted as a currency as anywhere else ont he planet. Many people here have savings in both Gold and cash and it is quite normal to cash in some Gold to make a major purchase. You still cannot use Gold to buy a tank of Gas, there's too much chance of fraud/theft there - a gas pump attendant cannot really be expected to know fake from real. The same applies to a gold bar - could also be fake or real. Still - you come to Thailand and walk into a Gold shop with your gold bar and they will laugh you out of the shop. If they did entertain you, they would need to remove the Gold from the surrounding plastic in order to verify it.

In short, Gold is traded in a certain way and that way is not to cut it into tiny pieces, cover it in plastic, sell it at a 30% mark-up to the gullible and then share that money with your "upline".
Title: Re: Karatbars are an overpriced way to buy gold
Post by: pedro01 on June 22, 2013, 08:11:51 PM
Anyone that wants to read 24KTs replies to my posts before he/she posts them can look here:

http://www.regularsaving.com/gold/karatbars-saving-gold-investments/

Because all 24KT does is regurgitate arguments sent down through the upline.

Look familiar????

Quote
Comparing Apples to Apples NOT Apples to Pears
The first thing to look at when comparing prices of any commodity is the understanding that you must do an ‘apples to apples’ comparison.

For example, if you are going to buy a pint of milk you should do the price comparison against other suppliers of the exact same grade single pints of milk to find out which offers the very best value for money

What you don’t do is find the best price for a gallon of milk which, for the sake of discussion let’s say it is £4.00, and then divide it by 8 pints, which works out at 50p per pint, and then compare that price to buying a single pint of milk. We all understand what it means to buy in bulk and, the more you buy, the cheaper the price becomes. As with any product, there are what is commonly called volume discounts. The reason that ounce-for-ounce bulk prices of gold are less is very simple; there is more labour and other costs involved in producing several smaller units verses producing one single larger unit.

Following on with the milk analogy, let’s take a look at Tescos Fresh Milk Prices. To make a true price comparison, you would need to compare the exact same brand and type of milk and you will quickly see that buying in bulk offers a substantial saving as opposed to buying single pints.

It is exactly the same when buying gold. Karatbars really are the Crème de la Crème when it comes to buying gold bullion, and especially as they come in easily-manageable, transaction-friendly, small weight 0.5g, 1g and 5g denominations. In these uncertain economic times it makes far more sense to own a selection of half a gram, one gram and five gram cards as opposed to a single one ounce bar; imaging going into a shop and trying to change up £1,000 note to buy your groceries – that is exactly what it would be like if you tried to change up a one ounce bar of gold. Even though the ounce of gold may be effectively lower in price, it doesn’t give you the same convenience and flexibility that owning small weight denominations does.

There are roughly 31.1 grams per troy ounce of gold. So, to get an accurate ‘like for like’ price comparison for Karatbars gold bullion cards (not taking into consideration all of the other many great benefits that owning flexible transaction-friendly gold bar gold cards provides), you should Not take the spot price for an ounce of gold and then simply divide it by 31.1. Nor should you take the price of 1 gram of gold and multiply it by 31.1. You must price Karatbars gold bullion by the gram, against other gold of the exact same quality, by the gram.
Title: Re: Karatbars are an overpriced way to buy gold
Post by: avxo on June 22, 2013, 10:49:23 PM
Anyone that wants to read 24KTs replies to my posts before he/she posts them can look here:

http://www.regularsaving.com/gold/karatbars-saving-gold-investments/

Because all 24KT does is regurgitate arguments sent down through the upline.

Look familiar????


Haha, awesome. Good job tracking that down. It doesn't prove anything we didn't already know. It was obvious she is clueless and copy-pasting the bullshit she peddles from somewhere else; the signs were always there and the whole "our gold is 999.9% pure!" bullshit she kept peddling on here along with the shit youtube "presentations" (in Comic Sans font and narrated by people with speech impediments talking into an old-timey microphone) were just the icing on the cake.

I'll repeat what I said in response to a comment by her that she's helping people with their investment needs: I feel sorry for anyone who chooses to hand a single cent to this snake-oil peddler and who relies on her advice about anything even remotely related to investing.
Title: Re: Karatbars are an overpriced way to buy gold
Post by: syntaxmachine on June 23, 2013, 01:49:40 AM
I'll repeat what I said in response to a comment by her that she's helping people with their investment needs: I feel sorry for anyone who chooses to hand a single cent to this snake-oil peddler and who relies on her advice about anything even remotely related to investing.

The good news is that there's no evidence anybody has done this, nor any reason to believe people will be stupid enough to fall for it in the future.
Title: Re: Karatbars are an overpriced way to buy gold
Post by: Chadwick The Beta on June 23, 2013, 12:53:24 PM
She'll be back to peddling the magic gas pills sooner or later.
Title: Re: Karatbars are an overpriced way to buy gold
Post by: OzmO on July 03, 2013, 06:51:02 AM
Epic

Lol
Title: Re: Karatbars are an overpriced way to buy gold
Post by: Archer77 on July 03, 2013, 07:05:19 AM
So you were a beauty queen, 24.  A former beauty queen from Canada who believes in conspiracy theories and sells gold who also posts on a bodybuilding forum.  How did that happen?
Title: Re: Karatbars are an overpriced way to buy gold
Post by: Chadwick The Beta on July 03, 2013, 07:14:00 AM
So you were a beauty queen, 24.  A former beauty queen from Canada who believes in conspiracy theories and sells gold who also posts on a bodybuilding forum.  How did that happen?

She was "Miss Black Ontario"

Which is on par with being the finest Alpine skier in Panama.
Title: Re: Karatbars are an overpriced way to buy gold
Post by: Archer77 on July 03, 2013, 07:17:00 AM
She was "Miss Black Ontario"

Which is on par with being the finest Alpine skier in Panama. 


hahahahahaha  ;D 
Title: Re: Karatbars are an overpriced way to buy gold
Post by: Chadwick The Beta on July 03, 2013, 02:25:22 PM
Contest didn't take into account eyes I guess?

Much in the way the Mr. Canada 1970 contest didn't take lack of muscles into account.
Title: Re: Karatbars are an overpriced way to buy gold
Post by: 24KT on July 06, 2013, 12:36:40 AM
Wow, ...I see a few of you people have been quite busy in my absence.:D

I'll try to keep my responses brief.

Right, so why buy anything in smaller weights? If you really value gold (as you claim you do) as a store of value then you should want to get the most gold for your fiat-buck. Right? Except you don't - you peddle this "buy gold by the gram" nonsense and you admit that doing so will cause you to buy gold at a higher price. How does that make ANY sense?

All smaller weight pieces are priced higher. The same if you were to purchase a 500ml bottle of soda vs. a 2 Litre bottle. The unit cost is always higher on the smaller weights & sizes.That is simply the nature of the beast when acquiring anything. Check it out the next time you visit your local supermarket.

Quote
What does "considered as valuable" means? The gold content of a maple is fixed - a on troy ounce coin contains exactly one troy ounce of gold, and the metal is refined to 999.9 millesimal fineness. Exactly like a "gold bar".

Value is measured by more metrics than price alone.

Quote
As for "flexible" I call bullshit. I can walk into over half a dozen stores within 10 minutes driving distance and exchange them for fiat money (which I can actually use to buy stuff) on the spot.

For one, By owning Karatbars, one is not required to liquidate an entire ounce of gold if one needs only a few hundred dollars.

Karatbars can be exchanged at any merchant / retailer, or business that chooses to do so, ...as well as in a number of different ways.


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I already told you that I cannot do this with Karatbars. I have to follow some ridiculous process and rely on your promises that any day now, I'll be able to carry my Karatbars and pay for the stuff that I want by trading them to someone else (I probably won't be able to get change back in Karatbars though).

YOU can't do it with Karatbars, simply because YOU don't own any Karatbars with which to do it.

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Name one tangible, actual, practical benefit.


Huh? ???

I've already pointed out many in previous conversations and threads about this. Please refer to those.

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But let's assume all that nonsense is true, and it magically means that gold will become super-duper valuable. If that's the case, why shouldn't I want to get as many ounces of gold today so what when whatever you "described" (I use the term loosely) above happens, I have the most gold I could possibly want?

If you have unlimitedly deep pockets, ...lnock yourself out.
I prefer a to acquire MY gold, from the Karatbars system. By availing myself of what Karatbars has to offer, I am empowered to acquire far more gold, than I could ever purchase from my own pocket at some best just over spot gold seller.

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The thing is, though, you bought a BMW. You didn't buy tiny parts of a BMW encased in plastic, did you?

What I am getting are smaller, transaction friendly weights of 999.9 pure 24KT LBMA GDL gold, not tiny parts of gold emcased in plastic.


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Enough with this lie of yours. You aren't getting gold for free from Karatbars or anywhere else. If you were, that would suggest that the actual value of the asset you claim is so valuable is exactly zero. So either you're doing one of three things:

  • participating in a pyramid scheme and when you drag others in, you get a small cut; or
  • you are lying to us when you say that you are getting gold for free; or
  • you are lying to us when you say that gold has intrinsic value.

So which is it?

It is none of the above.

When you say "pyramid" are you refering to an ancient artifact in Egypt?
...or are you refering to the strongest, soundest, structure known to the architect? ...or perhaps you are refering to the US system of social security?

As for the shape of my business organization, ...most any business entity is structured in the same fashion. My friend, colleague, and fellow Canadian Karatbars affiliate was able to dispense with this myth when he testified before Congress back in 1972. The end result was Congress basically said to him "Thank You very much. We're sorry for wasting your time" How typical, ...it's always a Canadian having to clue in an American. Now if Congress could finally figure it out, (albeit with a little Canadian assistance) ...what does that say about those who have yet to discover this for themselves? It's one thing to take the 'Are you smarter than a 6th grader" challenge and come up short, ...but how does one live down the shame of coming up short when compared to Congress?  :-[
    
Title: Re: Karatbars are an overpriced way to buy gold
Post by: 24KT on July 06, 2013, 01:50:34 AM
Anyone that wants to read 24KTs replies to my posts before he/she posts them can look here:

Because all 24KT does is regurgitate arguments sent down through the upline.

Look familiar????


And what makes you think the individual who wrote that is in my "upline".

For the record, ...we don't have uplines. Karatbars is not an MLM.
It is an e-commerce affiliate business operating under International Bullion laws, as set forth by the World Trade Organization, under the harmonious tax code.

As for a great deal of the info posted on his site, quite a bit of it is outdated and/or inaccurate.

His blog has posts covering only 2 months. January & February 2012.

It is over a year and a half old, and has not been added to since. He also appears to be from the UK.
I suspect this individual could be one of a few who jumped in, then jumped out when they discovered they weren't going to make $1,000,000 in their first month with Karatbars. Granted, I will admit the company's launch into Western Europe and North America didn't go as smoothly as we could have hoped, due to issues with a payment processor, ...however thanks to the integrity of the company founder & CEO, this issue was rectified immediately. This individual clearly lacked the vision, or understanding of what s/he had their hands on.  It happens all the time. Believe it or not, we have people in Karatbars who have lost thousands of dollars simply because they weren't paying attention to their business, and didn't bother activating 2 of the 7 different income streams available to them within our system. They were already fully qualified to earn the income, ...all they had to do was activate the option. They didn't understand what they had in front of them. There are many who to this day still do not get it. At some point, the light bulb goes on, ...and when it does, ...I hope they respond better one of than the original founders of Microsoft. He had a vested interest in the company, but lacked the vision to see what he had his hands on. He walked away. Later, ...when he realized what he had given up, ...he committed suicide.

Helen Keller was once asked if she thought there was anything worse than lacking sight.
Her response was "There are worse things in life than lacking sight., ...such as having sight, but lacking vision"

Many are called, ...but few are chosen. Those of us in the Karatbars Nation have been chosen because of our vision. You show us an acorn, ...and we don't see a little brown nut, ...our vision is that of a mighty forest of oak trees, ...and that's why WE CELEBRATE KARATBARS!!! (http://www.dailymotion.com/embed/video/x113yoj)
Title: Re: Karatbars are an overpriced way to buy gold
Post by: avxo on July 06, 2013, 02:11:32 AM
All smaller weight pieces are priced higher. The same if you were to purchase a 500ml bottle of soda vs. a 2 Litre bottle. The unit cost is always higher on the smaller weights & sizes.That is simply the nature of the beast when acquiring anything. Check it out the next time you visit your local supermarket.

Right, so why buy 500ml when you get more "bang for the buck" with a larger bottle if your goal is to stockpile as much soda as you can?


Value is measured by more metrics than price alone.

No doubt. But if you can get the more gold from Joe than you can from Peter for the same price, then price has become a very important factor, if not the only one.


For one, By owning Karatbars, one is not required to liquidate an entire ounce of gold if one needs only a few hundred dollars.

If one needs a few hundred dollars, liquidating gold (which you claim will only go up in value) is dumb to begin with.


Karatbars can be exchanged at any merchant / retailer, or business that chooses to do so, ...as well as in a number of different ways.

You've said that before, but the problem is that "any" can also mean zero. Of the people I called, only one offered to consider exchanging Karatbars for money; the others just refused. Being able to quickly and efficiently liquidate Karatbars is something which you've touted as an advantage. You've been telling us for how long that "soon" and "anyday now" a massive list of establishments which will accept Karatbars directly in exchange for goods and services will be posted. Where's that list?

The facts are simple. Can I pay for a meal with Karatbars? No. Can I pay for a car with Karatbars? No. Can I pay my doctor with Karatars? No. And it doesn't look like I will be able to in the near future either. Face it - physical gold is not practical as an everyday medium of exchange. Couple that with basically no quick and efficient way to liquidate physical holdings, and Karatbars are, to put it bluntly, useless.


YOU can't do it with Karatbars, simply because YOU don't own any Karatbars with which to do it.

That's true - but the people I was speaking to didn't know that. In fact they didn't even know what Karatbars were, despite the fact that they bought gold and were perfectly willing to give me money, on the spot, for bullion coins and bars.


I've already pointed out many in previous conversations and threads about this. Please refer to those.

No. All you've done is post silly rhymes, easily debunkable bullshit that others wrote and crappy youtube videos.

I prefer a to acquire MY gold, from the Karatbars system. By availing myself of what Karatbars has to offer, I am empowered to acquire far more gold, than I could ever purchase from my own pocket at some best just over spot gold seller.

BULLSHIT. Let's say you can only afford to buy a one gram gold bar per month. With Karatbars, it would take you 32 months to get an ounce of gold. If you saved that money instead then in 32 months you'd have saved enough to buy almost twice the gold... So you aren't empowered to acquire far more gold. You're duped into buying far less.

And frankly, if you can't afford to buy an ounce of gold outright, perhaps gold isn't for you.


What I am getting are smaller, transaction friendly weights of 999.9 pure 24KT LBMA GDL gold, not tiny parts of gold emcased in plastic.

First of all is a one gram gold bar containing one gram of "999.9 pure 24Kt LBMA GLD" gold not a tiny bit of gold encased in plastic? I submit that one gram of any metal qualifies as a tiny bit, and considering that the plastic volume is many times than of the gold, and surrounds it (for "protection") the fact of the matter is that a gold bar is, indeed, a tiny bit of gold encased in plastic.

Also, it seems that you are confused. A gold bar isn't GDL. GDL gold comes in bars of specific dimensions that are 350 and 450 ounces each of 999.5 gold. Perhaps the refinery producing Karatbars has LBMA GDL certification, but don't delude yourself that a gold bar is GDL. It is, most assuredly, not. See more at Wikipedia (http://en.wikipedia.org/wiki/Good_Delivery) if you want to educate yourself.


When you say "pyramid" are you refering to an ancient artifact in Egypt?

No.

...or are you refering to the strongest, soundest, structure known to the architect?

Sorry no. This is actually a bogus claim that you would be hard pressed to justify. The pyramid has a number of important structural properties but it's hardly the strongest or the soundest structure. Oh, and please don't bother copy-pasting bullshit you find on the Internet but don't understand. We'll know.


...or perhaps you are refering to the US system of social security?

Nope. I'd also point out that that term doesn't quite describe the abomination that is social security if for no other reason that a critical component of a Ponzi scheme is that the fact that money from new investors is used to pay old investors is obscured. That's not the case with social security. But let's not get sidetracked here, shall we?


As for the shape of my business organization, ...most any business entity is structured in the same fashion.

Is it now? You think that most businesses are structured using multi-level marketing techniques to recruit fools who will then recruit still more fools? That's interesting.


My friend, colleague, and fellow Karatbars affiliate was able to dispense with this myth when he testified before Congress back in 1972. The end result was Congress basically said to him "Thank You very much. We're sorry for wasting your time" Now if Congress could figure it out, ...what does that say about those who have yet to discover this for themselves? It's one thing to take the 'Are you smarter than a 6th grader" challenge and come up short, ...but how does one live down coming up short against Congress?  :-[

Uhm... you seem to think that Congress is some mythical, inerrant institution. I've got news for you. But, let's not go there; there are other questions first.

Does this "friend, colleague and fellow Karatabars affiliate" have, you know, a name? Or is he like the mythical "guy a friend of mine heard about through her sister, who met him at her best friend's cousin's boyfriend's brother's wedding"?

Is his testimony on the record? Can we read the transcripts of said testimony?

And, perhaps most importantly, did he testify specifically in connection with Karatars back in 1972, or something else? Because you know... we're talking about Karatbars here.
Title: Re: Karatbars are an overpriced way to buy gold
Post by: TightBody on July 06, 2013, 06:21:49 AM
buying gold in grams is a stupid way to buy gold. You want to buy gold in ounces. Grams of gold dont qualify for IRA's or retirement. She just wants you to buy gold in grams so she gets a cut and makes money. Shame on you jag. You know nothing of gold except to line your pocket by overcharging people.
Title: Re: Karatbars are an overpriced way to buy gold
Post by: Chadwick The Beta on July 06, 2013, 07:06:13 AM
buying gold in grams is a stupid way to buy gold. You want to buy gold in ounces. Grams of gold dont qualify for IRA's or retirement. She just wants you to buy gold in grams so she gets a cut and makes money. Shame on you jag. You know nothing of gold except to line your pocket by overcharging people.

This would be true if anybody actually did business with her.

She is just like Goodrum...all this grand talk but anyone really achieving anything isn't going to spam a "bodybuilding" board to death.
Title: Re: Karatbars are an overpriced way to buy gold
Post by: pedro01 on July 06, 2013, 07:09:24 AM
And what makes you think the individual who wrote that is in my "upline".

I didn't say that person was in your upline. This information that all of you people are posting all gets filtered down to you from the same people that are making money out of you. There will be many lines up to those people, you are just one little twig on a huge bush.

It is an e-commerce affiliate business operating under International Bullion laws, as set forth by the World Trade Organization, under the harmonious tax code.

As for a great deal of the info posted on his site, quite a bit of it is outdated and/or inaccurate.

His blog has posts covering only 2 months. January & February 2012.

Affiliate/upline - it's all the same. People selling get rich schemes to schmucks like you who actually expect to make a bundle following a set of scripts sent to you in your $500 welcome pack.

It is over a year and a half old, and has not been added to since. He also appears to be from the UK.

It matters not - it's the same message. All of the stuff you put on here in replies can be found ad naseum, often word-for-word all over the internet. You are following a script that has been given to you.

I suspect this individual could be one of a few who jumped in, then jumped out when they discovered they weren't going to make $1,000,000 in their first month with Karatbars. Granted, I will admit the company's launch into Western Europe and North America didn't go as smoothly as we could have hoped, due to issues with a payment processor, ...however thanks to the integrity of the company founder & CEO, this issue was rectified immediately. This individual clearly lacked the vision, or understanding of what s/he had their hands on.  It happens all the time. Believe it or not, we have people in Karatbars who have lost thousands of dollars simply because they weren't paying attention to their business, and didn't bother activating 2 of the 7 different income streams available to them within our system. They were already fully qualified to earn the income, ...all they had to do was activate the option. They didn't understand what they had in front of them. There are many who to this day still do not get it. At some point, the light bulb goes on, ...and when it does, ...I hope they respond better one of than the original founders of Microsoft. He had a vested interest in the company, but lacked the vision to see what he had his hands on. He walked away. Later, ...when he realized what he had given up, ...he committed suicide.

You really don't get it do you? You've even been sold the line that all of those horror stories you can find about Karatbars are the "bad gold bar" people. You aren't a sucker because those other suckers were sucked in by unscrupulous people who weren't looking after YOUR best interests.

Helen Keller was once asked if she thought there was anything worse than lacking sight.
Her response was "There are worse things in life than lacking sight., ...such as having sight, but lacking vision"

Many are called, ...but few are chosen. Those of us in the Karatbars Nation have been chosen because of our vision. You show us an acorn, ...and we don't see a little brown nut, ...our vision is that of a mighty forest of oak trees, ...and that's why WE CELEBRATE KARATBARS!!! (http://www.dailymotion.com/embed/video/x113yoj)

Helen Keller would have slapped you round the head, called you a fucking dullard and told you to wake up.

You are a shining example of someone who will believe what you want to believe. Your upline doesn't even need to work hard at keeping you on the leash, doesn't have to even feed you plausible stories because you want to believe so badly, that you will simply buy anything they tell you.
Title: Re: Karatbars are an overpriced way to buy gold
Post by: 225for70 on July 15, 2013, 10:00:50 AM
what ever happened to kin-bar gold scam? Judy is hawking a new gold scam
Title: Re: Karatbars are an overpriced way to buy gold
Post by: 24KT on July 16, 2013, 12:42:39 PM
hmmm... I see this thread is still going full of ignorant responses from those on the outside looking in.

I got news for you... I'm on the inside looking out, ...and the vision is a whole lot clearer from this vantage point.

Title: Re: Karatbars are an overpriced way to buy gold
Post by: Chadwick The Beta on July 16, 2013, 01:29:40 PM
hmmm... I see this thread is still going full of ignorant responses from those on the outside looking in.

I got news for you... I'm on the inside looking out, ...and the vision is a whole lot clearer from this vantage point.



hahahahahahahahahahahaha ha  oh, brother  ::)

"24KT" trying her best to convince herself that she hasn't wasted her existence by calling the responses she gets on a "bodybuilding" board "ignorant" because everyone sees through her pathetic bullshit.

Title: Re: Karatbars are an overpriced way to buy gold
Post by: 24KT on April 25, 2015, 02:46:12 AM
An Economist's Perspective

Title: Re: Karatbars are an overpriced way to buy gold
Post by: avxo on April 25, 2015, 05:37:36 PM
An Economist's Perspective



Hey there. Nice to see you back. Got some new MLM scam to peddle or are you still selling gas pills and gold dust?
Title: Re: Karatbars are an overpriced way to buy gold
Post by: Vince G, CSN MFT on September 09, 2015, 06:07:13 PM
It appears that the market for gold and other precious metals have changed drastically.  It may be time for me to look into this business venture again