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Thread: Karatbars, invest in Gold, karatbars.com

  1. #1
    omadawn is offline Junior Member
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    Karatbars, invest in Gold, karatbars.com

    Hi
    just a small exercise proposed:

    try to type in Google "karatbars"

    what do u find?

    more than 50 consecutive page links with this name displayed isolated on the left side.

    The meaning of This is a HUGE impact, no other Company can manage that ! there is total TRUST, RECOGNITION and PROFITS associated here.

    Join my Team of hundreds of people, and catch the Train while it is still moving...


    PS: You can find all the needed info in my "google adsense" page, just search for Pedro Miguel (Portugal)

    I never let anyone down on support!!

    best regards

  2. #2
    ribshaw's Avatar
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    Re: Karatbars, invest in Gold, karatbars.com

    Quote Originally Posted by omadawn View Post
    Hi

    try to type in Google "karatbars"

    what do u find?

    more than 50 consecutive page links with this name displayed isolated on the left side.

    The meaning of This is a HUGE impact, no other Company can manage that ! there is total TRUST, RECOGNITION and PROFITS associated here.
    Pure genius coming to an anti-scam page to market crap. You have used your one post wisely.

    The meaning is this garbage is being pushed by every serial recruiting pimp in pimpland. Every "internet guru" prowling the interwebs looking for victims to sign up. What would provide trust is if you could show us where this and you are registered with the SEC and other government bodies.

    Einstein.JPG
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  3. #3
    omadawn is offline Junior Member
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    Re: Karatbars, invest in Gold, karatbars.com

    Quote Originally Posted by ribshaw View Post
    Pure genius coming to an anti-scam page to market crap. You have used your one post wisely.

    The meaning is this garbage is being pushed by every serial recruiting pimp in pimpland. Every "internet guru" prowling the interwebs looking for victims to sign up. What would provide trust is if you could show us where this and you are registered with the SEC and other government bodies.

    Einstein.JPG
    "crap", "garbage", "pimp", "pimpland"

    What if you try to do even a small research about the references I speak of here, before pumping with non funded acusations and offensive words? ?

  4. #4
    Whip's Avatar
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    Re: Karatbars, invest in Gold, karatbars.com

    That's where your problem lies.....we already have. Take your scam elsewhere.

    Here....go talk to this scammer. I'm sure he'll jump right in:

    Brad Kamanski / AKA Brad Franklin / Brad Kamans / Kamans7 / Brad K Scammin' Fool

  5. #5
    littleroundman is offline Administrator
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    Re: Karatbars, invest in Gold, karatbars.com

    Hmmnn, who to believe ??

    Some random HYIP ponzi pimp who drops into an anti scam forum trying to pimp his product or real banks and regulators ???

    Pretty easy decision, really, when you think about it.



    AMF Quebec



    Central Bank of Aruba
    The only thing necessary for the triumph of evil is for good men to do nothing

  6. #6
    littleroundman is offline Administrator
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    Re: Karatbars, invest in Gold, karatbars.com

    OzSoapbox over on his excellent BehindMLM blog sums up the KaratBars opportunity nicely:

    "Conclusion

    The public side of Karatbars makes perfect sense. Buy gold, sell gold, get paid. That I have no problems with and it’s all perfectly legitimate (at least on the surface).

    Dig deeper however and things get incredibly murky with the compensation plan and affiliate side of things.

    The first major red-flag within the Karatbars International compensation plan is the overall pay-to-play aspect of the business.

    The compensation plan material (and no doubt affiliates pitching it) stress that Karatbars is free to join. That much is true, however earnings in the binary (including commission qualification itself) and the ability to buy the Bronze Director rank are directly tied into the purchase of a package.

    When you combine this with the package bonus paid out on the purchase of one of the packages, things get even more problematic as we start to enter pyramid scheme territory.

    You sign up to Karatbars International, buy your package and then recruit others who do the same. This build your points and units and pays you out a direct commission per affiliate recruited.

    Packages come with “cards” which offer a discount on the top-tier VIP package, which suggests the company itself encourages this practice (at the VIP package level at least).

    It is entirely possible to earn via the selling of gold to retail customers in Karatbars International, however as a business opportunity it’s highly unlikely.

    Prospective affiliates would be strong advised to check with their potential upline as to how much gold they are selling to non-affiliates each month. I suspect in most cases one will find it to be negligible, if anything at all.

    In summary, there’s nothing inherently wrong with investing in gold, or even building an MLM company around this idea (provided it’s being sold in substantial quantities to non-affiliates). Tack on a recruitment-driven pyramid scheme that incorporates pay-to-play commissions however (and the buying of affiliate rank, which directly affects commission rates), and it’s easy to see why the Canadian AMF issued their fraud alert a few months ago.

    I honestly can’t see why anyone other than affiliates would bother purchasing gold through Karatbars, and that’s a problem
    The only thing necessary for the triumph of evil is for good men to do nothing

  7. #7
    littleroundman is offline Administrator
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    Re: Karatbars, invest in Gold, karatbars.com

    Patrick Pretty has also joined in exposing the HYIP ponzi fraud aspects of KaratBars on the Patrick Pretty blog

    MORE MLM WHACK-A-MOLE: (1) Quebec Securities Regulator Issues Warning On Karatbars International; (2) Cross-Border Colleagues Follow Suit; (3) Former Zeek Ponzi Scheme Pitchman Defends ‘Program’ As Others Push It Alongside TelexFree

    An extract:
    UPDATED 12:21 P.M. EDT (MARCH 28, U.S.A.) Whack-A-Mole. Here’s the latest disturbing incarnation: On March 20, the Autorité des marchés financiers (AMF) published a warning on a gold “program” known as Karatbars International GmbH. BehindMLM.com spotlighted the warningyesterday.

    From the AMF warning (bolding added): “With the company’s ‘Affiliates’ program, investors can make Internet-based purchases through Karatbars plans and they are encouraged to recruit two other Affiliates. These Affiliates are in turn encouraged to recruit two other Affiliates each, and so on. Affiliates are lured by the possibility of earning large payouts, in particular through a percentage of amounts collected from the Karatbars plans and gold products purchased by referrals.”

    After AMF published its warning, the International Organisation of Securities Commissions (IOSCO) republished it. So did the Financial Markets Authority of New Zealand(FMA).

    These things apparently meant little to former Zeek Rewards’ pitchman Lloyd Merrifield, who “defended” Karatbars International on BehindMLM. Zeek was an international Ponzi scheme that gathered at least $850 million, according to court records.
    The only thing necessary for the triumph of evil is for good men to do nothing

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    ribshaw's Avatar
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    Re: Karatbars, invest in Gold, karatbars.com

    Quote Originally Posted by omadawn View Post
    "crap", "garbage", "pimp", "pimpland"

    What if you try to do even a small research about the references I speak of here, before pumping with non funded acusations and offensive words? ?
    Sorry I am only 11, and have never known of gold, unregistered securities, or endless recruiting by unlicensed dealers to be used in scams. While I get oh so busy researching, look up.

    Look-Up.JPG

    Gold is very efficiently traded internationally on regulated exchanges with ZERO counterparty risk. I can go into the market today and buy gold or any other metal with almost no transaction cost. Anything else is a waste of money and needless risk of loss on numerous fronts no matter how many affiliates blog otherwise. If you want to have a serious discussion about that then by all means I am interested. If not, let's kick this turd back to the dirty depths of Scamland where the air is already foul.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
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  9. #9
    ribshaw's Avatar
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    Re: Karatbars, invest in Gold, karatbars.com

    Quote Originally Posted by omadawn View Post

    What if you try to do even a small research
    Ok, lest I be branded one more sardonic hater of great opportunities I did just that.

    Can only pray each Karatbar comes with a very large tube of Astroglide and something to bite on. Never mind bullshit matrix recruiting stuff that spells scam for sure!

    There are three primary scams when buying and selling gold.


    1. The price people pay is too high, and the price they sell at is too low in relation to what the market price should be. This is the simplest and most common.

    Cash for Gold Scams

    2. Cons say they are buying you gold/silver and will store it for you and sell it when the time comes. Often coupled with 1, and in some cases they never buy the gold at all.

    3. Outright fake gold coins and bars made with gold coated Tungsten.

    Let's start with one and see if the folks at Karatbars are worth doing business with based on pure math.

    As of today:

    A preferred purchase of a 1 gram Karatbar is Euro 47.42. This equals Euro 1344.33 per ounce. (28.3495 Karatbars)
    Needs to be converted to ounces to make the math consistent with where someone can very closely buy or sell on a regulated exchange at Euro 981.10 per ounce.

    So for an internet entrepreneur to buy 1oz of Karatbars they will spend 1344.33 for the same purchase they could basically make on the open market for 981.10. A 37% premium. Let's stop there and call shenanigans.



    It gets a little better when a lucky network marketer goes to sell. As of today, those generous folks at KB will buy back 1oz of Karatbars for 945.17 (Euro 33.34 * 28.3495). Keeping in mind the same ounce could be sold for close to Euro 981.10 on an open exchange. A mere 4% haircut on your way out.

    If you consider a 41% total beating just to play some sort of money game a winning proposition then I suspect KB has a swell deal for you.

    Incidentally as I am aware there are some discrepancies in exchange versus private transactions, especially in smaller quantities. 1 gram of Gold on EBAY is selling for Euro 38.61 meaning KB could buy on Ebay, mark the shit up 22% and there is your "preferred price". If you are not a member of the no reach around gold club, the beatings get even worse.

    karatbars bullshit math..JPG

    Sulu Please.JPG

    While I may have been a little hasty with my wit this morning in calling this garbage pushed by every serial pimp in pimpland, we now need to include people who really suck at math.

    ================================================== ========

    But there's more, when you ask for a small amount of research I figures why not. I understand the argument for buying physical metals, but leaving others to "watch over" them can simply trade one problem for another. I''ll be brief.

    Why is this important? LBMA is who Karatbars claims certifies their gold. Do they, I have no idea, but if I were buying this overpriced crap I would have some way of verifying the quality other than taking their word. I.E. take physical delivery.

    Fake Gold Bars Discovered in HK LBMA Approved Vaults Fake Gold Bars Discovered in HK LBMA Approved Vaults - Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner

    ================================================== ========

    Sure you say, that was a one off. To which I say this looks like a pretty real bar to me. But I know nothing about gold.

    Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan | Zero Hedge

    Fake Gold.JPG

    ================================================== ========

    Sure you say, but its not like there is a Chinese company that makes fake gold bars and coins. And if there were, no one on the interwebs has ever been known to try and pull a fast one.

    Get Your Fake Tungsten-Filled Gold Coins Here | Zero Hedge

    Notice: Chinatungsten Online (Xiamen) Manu.& Sales Corp. is a very professional and serious company, specializing in manufacturing and selling tungsten fake gold coin and other tungsten related products for more than two decades. We are a professional tungsten fake gold coin manufacturer. Our tungsten gold fake coin is only for souvenir and decoration purpose. Here we declare: Please do not use our tungsten fake gold coin and other fake gold coin products for any illegal purpose. We can provide all kinds of tungsten fake gold coin as your requirements.Our tungsten fake gold coin products are qualified

    ================================================== ========

    Sure you say, but I know this guy locally who is in the city council and runs a coin ship, surely he wouldn't screw me.

    Ron Wilson pleads guilty to $59 million, 11-year Ponzi scheme - Story

    "I began operating what is generally known as a Ponzi scheme," Wilson's confession says. It says Wilson told clients he would buy silver at low prices and sell at high prices, but "most of the time I did not buy silver."

    Whatever though, I am sure you spent a lot of time thinking this stuff through.
    Last edited by ribshaw; 07-10-2014 at 08:57 PM.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  10. #10
    littleroundman is offline Administrator
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    Re: Karatbars, invest in Gold, karatbars.com

    You forgot the most important criteria when discussing such "opportunities"

    Is it paying ???
    The only thing necessary for the triumph of evil is for good men to do nothing

  11. #11
    ribshaw's Avatar
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    Re: Karatbars, invest in Gold, karatbars.com

    Quote Originally Posted by littleroundman View Post
    You forgot the most important criteria when discussing such "opportunities"

    Is it paying ???
    LOL, yeah I was just fronting. Remember in Econ 101 where the teach said "the laws of supply and demand simply cease to exist in the presence of a strong matrix payment plan".
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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    ProfHenryHiggins is offline Elite Scambuster
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    Re: Karatbars, invest in Gold, karatbars.com

    Pedro, Pedro, Pedro, such a naive and ignorant marketing tactic will only cause you pain in the long run.

    All I have to do to see what sort of shady, dubious schemes you have been involved in is to type any one of these into Google.
    "omadawn"
    "pgama31"
    "downcost.wix.com"

    Your past promotions tell anyone with a grain of common sense that you can't spot a loser of a programme before it collapses. We, on the other hand, have plenty of experience and a pol of knowledge that gives us a good idea of whether a programme is a fly-by-night scam from the start.

    Furthermore, if a company or opportunity fills all of the Google search hits on the first page, that has nothing to do with whether they are successful, honest, or bogus. All it means is that they know how to build websites that influence Google's search engine.
    If you are in Prosper With Integrity, and do not like that your personal information has been published here, please talk to these good people: http://www.attorneygeneral.gov http://www.ic3.gov http://www.fbi.gov

  13. #13
    omadawn is offline Junior Member
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    Re: Karatbars, invest in Gold, karatbars.com

    Hi
    Sorry for being away so long, but I have been ill, in surgery, but now am ok and back.

    So it seems that you guys have been doing your "home work" about karatbars inside the 1% of the supposed negative feedback (because that´s really what you posted here, general caution advices linked to non-proved suppositions)

    Doing a search of my own to the remaining 99%, you can find in the Forum bellow, one that I believe to be the best thread where Gold investments and karatbars credibility are open to discussion.

    http://www.getbig.com/boards/index.php?topic=349004.0

    If you might have a few moments to take a peek, You can see that The karat defender is much different from myself in terms of recognition and argumentation.

    Perhaps after reading, you might find that, the "loser of a programme", that you were so fast (with your plenty of experience and a pol of knowledge) on sticking in it the disrespectful label, is in fact a reliable and legitimate program where people can invest with safety and confidence**


    **I truly do believe that the Vatican would NOT buy them 100Kg of Gold cards (like they did), if it could be otherwise. Or...do you think they do business with "any" Company?

  14. #14
    littleroundman is offline Administrator
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    Re: Karatbars, invest in Gold, karatbars.com

    Oh, please forgive me, I didn't realize you are a stand up comedian and your posts are part of your routine.

    A bodybuilding, health and fitness forum ???

    For advice about investing and purchasing gold ????

    You have GOT to be kidding us, right ??



    As for your statement:

    Quote Originally Posted by omadawn
    I truly do believe that the Vatican would NOT buy them 100Kg of Gold cards (like they did),
    One single, solitary piece of proof the Vatican 1) knows of the existence of KaratBars 2) purchased anything from KaratBars would be nice.

    Oh, and that would not be "evidence" as in a statement from the fraudsters behind KaratBars, either.
    The only thing necessary for the triumph of evil is for good men to do nothing

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    PPBlog is offline Senior Member
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    Re: Karatbars, invest in Gold, karatbars.com

    Quote Originally Posted by omadawn View Post
    the Vatican
    Great. Another HYIP and promoters with a fixation on "the Vatican."

    MEMORY LANE:

    JSS Tripler/JustBeenPaid Touted On Race-Baiting/Catholic-Bashing Site; Pitchman Linked To ‘Church’ That Says It Preaches ‘True Gospel Of The Risen Lord Jesus Christ To White-Raced Peoples Of North America, Europe, Southern Africa An

    Funny thing about HYIPs: Some try to demonize the Pope; others try to turn him into a pitchman.

    One of the would-be intervenors in the bizarre RoboVault bankruptcy case in Florida claimed he derived this authority from the Vatican. (This was before the U.S. Marshals put him in handcuffs, of course.)

    RoboVault owner found in contempt - Sun Sentinel

    PPBlog

  16. #16
    ribshaw's Avatar
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    Re: Karatbars, invest in Gold, karatbars.com

    Quote Originally Posted by omadawn View Post
    Perhaps after reading, you might find that, the "loser of a programme", that you were so fast (with your plenty of experience and a pol of knowledge) on sticking in it the disrespectful label, is in fact a reliable and legitimate program where people can invest with safety and confidence**
    As I said, I am willing to have a serious discussion about this, but that involves actually stating your case. You haven't said anything, just more spam. Keeping in mind, the math does not work on this, the only way to make money is to recruit suckers or pray for another gold bubble.

    Every other piece of silliness aside, why would someone expect to make money paying 37% more for a commodity than they have too?
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  17. #17
    Whip's Avatar
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    Re: Karatbars, invest in Gold, karatbars.com

    lol......wacky scammers. another one not getting their money back.

  18. #18
    omadawn is offline Junior Member
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    Re: Karatbars, invest in Gold, karatbars.com

    [QUOTE=littleroundman;74565]Oh, please forgive me, I didn't realize you are a stand up comedian and your posts are part of your routine.

    A bodybuilding, health and fitness forum ???

    For advice about investing and purchasing gold ????

    You have GOT to be kidding us, right ??




    INCONCLUSIVE, do you know any Forum that does not have board (s) with topics somehow out of the main subject? Why can´t I be a bodybuilding expert as well as a Gold one?

    Just a very poor excuse from you for not reading it, like I advised you to...

  19. #19
    omadawn is offline Junior Member
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    Re: Karatbars, invest in Gold, karatbars.com

    Quote Originally Posted by littleroundman View Post
    Oh, please forgive me, I didn't realize you are a stand up comedian and your posts are part of your routine.


    One single, solitary piece of proof the Vatican 1) knows of the existence of KaratBars 2) purchased anything from KaratBars would be nice.

    Oh, and that would not be "evidence" as in a statement from the fraudsters behind KaratBars, either.
    You can see in the Video bellow (2 years ago), if there were no business relationship between both Companys, the Video would be off, a long time ago...

    http://www.youtube.com/watch?v=olUZHVlaWw0
    Last edited by omadawn; 07-25-2014 at 10:16 AM. Reason: forgot the youtube link

  20. #20
    Whip's Avatar
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    Re: Karatbars, invest in Gold, karatbars.com

    Maybe you missed what he said......real proof. not scammer videos. I'm sure the Vatican would gladly produce this for you correct?

  21. #21
    littleroundman is offline Administrator
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    Re: Karatbars, invest in Gold, karatbars.com

    If only you realized how easy it is for someone who has been around more than five minutes to pick a complete newbie who doesn't have a bloody clue what they are talking about.

    Let's not talk about the disparity between the spot price of gold and what KaratBars is asking,

    let's not talk about the recruitment driven pyramid scheme aspects of KaratBars,

    let's not talk about the idiocy of learning about gold on a bodybuilding forum,

    let's not talk about the fact KaratBars features heavily on the Talkgold and MMG HYIP ponzi forums where legitimate businesses NEVER appear

    let's not talk about the fact the Vatican story is nothing but lies,

    Nooooooooo,

    let's talk instead about whether forums have off topic threads and your nonsense "if there was no relationship the video would have been down ages ago"

    You'll learn
    The only thing necessary for the triumph of evil is for good men to do nothing

  22. #22
    omadawn is offline Junior Member
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    Re: Karatbars, invest in Gold, karatbars.com

    Quote Originally Posted by ribshaw View Post
    As I said, I am willing to have a serious discussion about this, but that involves actually stating your case. You haven't said anything, just more spam. Keeping in mind, the math does not work on this, the only way to make money is to recruit suckers or pray for another gold bubble.

    Every other piece of silliness aside, why would someone expect to make money paying 37% more for a commodity than they have too?

    First of all, AMF only regulates companies based in Quebec who deal in paper derivatives. Karatbars is in Stuttgart, Germany (nowhere near Quebec) and only deals in bullion gold, so there is absolutely no way they could even register with the AMF.
    Next, there are only a few companies in the world who sell our type of gold, 999.9 with the LBMA stamp, the assayers signature and the kinebar (hologram) technology. Google 1 gram LBMA kinebar gold and we are priced $5 to $20 less than any other company. You simply cannot compare a Chevrolet to a Mercedes thereby diffusing the fact that Karatbars is "crooked." Buy all of the Canadian Maple Leafs you want, but understand that no matter if you bought them, inherited them or found them, they still belong to Canada and they always will meaning they can be confiscated at any time.

    As far as claims on the 2014 incomes, please remember that the 12 week plan was not introduced until July 1st, 2013. From July 1st to December 31st, we had more affiliates making over $500, $1,000. $5,000. and $10,000 a week than any other network marketing company in history during a 6 month time frame (even though we are not considered network marketing).

    Karatbars has the packages ready to be shipped from Karatbars the moment someone purchases a package. Gold that is delivered goes through a different process. The request is sent to Prosegur. All activity involving the movement of gold is videotaped. Fed Ex picks it up (under surveillance) and the gold has to clear customs in both Germany and the country where you reside. I have never had a gold shipment not be delivered. Not once! Not ever! All of this is clearly stated in the Affiliate terms, have to take the time to read it.

    I agree, many MLMs are pyramid schemes. Money games as I like to call them. Karatbars has a REAL product. How do I know? Because I have a safe full of Karatbars and more to come!
    We are not considered multi level marketing. There are no requirements, no Monthly fees (required to all pyramid sq) to our business as far as purchases go.

  23. #23
    littleroundman is offline Administrator
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    Re: Karatbars, invest in Gold, karatbars.com

    Quote Originally Posted by omadawn
    no Monthly fees (required to all pyramid sq)
    Oh, go away with your parroted nonsense.

    What on earth do monthly fees have to do with pyramid schemes ??

    HINT: parroting what your upline told you might impress the Talkgold and MMG members, in the real world it will get you laughed off the 'net.

    as for your other nonsense statement:
    Quote Originally Posted by omadawn
    Karatbars has a REAL product.
    I'll let the SEC answer that one:

    The fraudsters behind a pyramid scheme may go to great lengths to make the program look like a legitimate multi-level marketing program. But despite their claims to have legitimate products or services to sell, these fraudsters simply use money coming in from new recruits to pay off early stage investors
    SEC.gov / pyramid schemes
    The only thing necessary for the triumph of evil is for good men to do nothing

  24. #24
    omadawn is offline Junior Member
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    Re: Karatbars, invest in Gold, karatbars.com

    Quote Originally Posted by littleroundman View Post
    Oh, go away with your parroted nonsense.

    What on earth do monthly fees have to do with pyramid schemes ??



    SEC.gov / pyramid schemes
    I'll let the SEC answer that one:

    """"When considering joining an MLM program, beware of these hallmarks of a pyramid scheme:

    The goal of an MLM program is to sell products. Be careful if you are required to pay a buy-in to participate in the program, even if the buy-in is a nominal one-time or recurring fee (e.g., $10 or $10/month).

    The SEC has taken emergency enforcement action to stop alleged pyramid schemes that violate the federal securities laws, including schemes disguised as MLM programs. """""""""


    Maybe you stayed a little bad in the picture now...

  25. #25
    omadawn is offline Junior Member
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    Re: Karatbars, invest in Gold, karatbars.com

    It´s SEC?, so SEC we go:

    When considering joining an MLM program, beware of these hallmarks of a pyramid scheme:

    Easy money or passive income. Be wary if you are offered compensation in exchange for little work such as making payments, recruiting others, and placing advertisements.

    Alike there is a compensation for buying Gold, there is also one for recruiting people only, that will buy more Gold (included in purchased packages and outside the packages). Every kind of purchase is always optional. All this identifys a Legitimate MLM Company


    No demonstrated revenue from retail sales. Ask to see documents, such as financial statements audited by a certified public accountant (CPA), showing that the MLM company generates revenue from selling its products or services to people outside the program.

    Working on that, will post soon

    Complex commission structure. Be concerned unless commissions are based on products or services that you or your recruits sell to people outside the program. If you do not understand how you will be compensated, be cautious.

    I personaly, as well as my uplines have sold Gold cards to people not particulary interested in making part of the program but that had found in the cards a good investment for them and their family.

    The compensation program is quite clear, and not limited to the most stated, and a bit unreal to take in practice, 12 week plan. I see this plan as up to a good effect on a work effort stimulation purposes.


    Emphasis on recruiting. If a program primarily focuses on recruiting others to join the program for a fee, it is likely a pyramid scheme. Be skeptical if you will receive more compensation for recruiting others than for product sales.

    Not a fee. You Buy Gold, recruit others to buy more gold to the Company, and receive the commissions. As simple and as legitimate as that

    The SEC has taken emergency enforcement action to stop alleged pyramid schemes that violate the federal securities laws, including schemes disguised as MLM programs.

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