Questions from a skeptic! - Great questions, find the answers below!
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Other than being pretty and shiny, why would I want to buy gold?
Great question! Here are a few reasons: Gold offers protection against inflation, gold is a stable investment in times of crises, the demand for gold is higher than the supply, you can actually barter or trade with it, financial advisors suggest you have at least 10% of your portfolio in gold, and gold bars are considered global cash. Therefore, gold is security for and your family!
When I take the cost of an ounce of gold and divide it by 32 (the number of grams in an ounce of gold), the result is a lot less than the actual price for a gram of gold. Why is that?
As with most things, the larger the amount of goods you purchase at a time, the less you pay per individual portion.
For example, let's say you purchase a gallon of milk at the price of $2.99. If you divide that by 4 (there are 4 quarts in a gallon) the cost for a quart of milk would be $.75, but the actual cost for a quart of milk at the same store at the same time is $1.35. You can see in this example, when buying in a larger quantity, the cost per quart is much lower.
Another example, an 8 oz. cup of coffee at Starbucks costs $1.45 (.18 per ounce) and if you buy a 20 oz. cup, it costs $2.25 (.11 per ounce). Again, the larger the quantity, the cost per ounce is much lower.
The same principle applies to gold.
Remember, make sure you are comparing apples to apples when looking at prices, not all gold is the same!
Why would people buy gold by the gram if it is more expensive by the gram?
Because it is affordable to "the masses"! Many people just don't have $1300 or more to buy an ounce of gold, but they understand the value of having gold.
So they've wisely decided to purchase an amount they can afford - smaller amounts but more often!
Many have stated they are "building wealth with gold, one gram at a time"!
How do I know the gold in Karatbars is really high quality gold?
Karatbars have the embossed stamp of the LBMA refinery on the one gram gold bar that certifies quality and weight. The LBMA stamp is one way to confirm this is not fake.Also included is an embossed serial number and the refinery assayer’s signature, and the card is sealed with a thin film providing additional security features. There is also the karat bars unique multi dimensional hologram that covers the one gram gold bar on the back of the card to be sure it cannot be tampered with without being noticeable. All of these features enable any informed individual to quickly and instantly confirm the karatbar is genuine and is not counterfeit. What is the LBMA?
The LBMA (London Bullion Market Association) is an international trade association, representing the London market for gold and silver bullion which has a global client base. This includes the majority of the gold-holding central banks, private sector investors, mining companies, producers, refiners and fabricators.
Karatbars must adhere to the standards of the LBMA to keep their membership intact. To learn more about LBMA, go to www.LBMA.org.uk
What do 999.9 and 24K stand for?
Both 999.9 and 24K are methods to measure the purity of the gold.
To get technical, the 999.9 percent of purity uses what's called the "Millesimal fineness" of an alloy. So if gold is 999.9, it is 999.9 percent pure gold.
The gold content of alloys is also measured in carats (k). Pure gold is designated as 24K.
Because 24K and 999.9 gold contain such high quantities of pure gold, they are too soft to be used in jewelry. They are often combined with other metals to create an alloy for jewelry making. Generally, the purer the gold, the lower the amount of other metals found in the alloy. So only 24K and 999.9 gold can legally be called "pure gold."
How do I actually get the gold I purchase from Karatbars International?
Karatbars will ship you your karatbars by Federal Express at a shipping cost of $25 (flat rate) when you request it, or you can store it in one of their secure storage facilities.
How do I know the storage facilities are secure?
Karatbars offers FREE storage at Degussa Goldhandel GmbH They have the highest security standards, including biometric access control system, camera surveillance, acoustic and infrared sensors, reinforced concrete with security doors, smokescreen system, perimeter outdoor protection of the entire building, opening under four-eye principle only via remote monitoring by Prosegur's security control center, fully double-locked vaults for each client.
Or you can request storage that is NOT FREE in either Switzerland or Singapore.
Is my gold insured?
Yes, there is an insurance policy that covers the gold held in the vault. Anytime the client wishes to take delivery, an order is either: a) called in b) by written request. The information is sent to the vaulting company where arrangements are made for shipment / delivery. The gold is also insured throughout the delivery process. The insurance is valid until you sign that you have received your gold and have it in hand.
Am I obligated to purchase a certain amount of gold if I enroll in Karatbars?
No, it is your decision how much gold you want to purchase and how often you want to purchase it. That's the great thing about Karatbars International, you are not obligated to ever buy any if you choose not to! You are in control!
How do I know Karatbars International is a legitimate company?
They are a member of LBMA and as so, must follow strict policies to keep their membership. They are registered with the WTO as an ecommerce company with an affiliate program. You can rest assured the company is legitimate and of the highest standards.
What if I want cash for my karatbars, how can I convert them?
Karatbars International has a buy-back option where you can sell your karatbars back for the current buy-back price that day, less a small fee. Your money is put on your karatbars Mastercard debit card.
You can go to a local gold dealer and they will buy them from you at the going rate on that day. Remember, karatbars are 999.9 24K gold.
How do I convert euros to dollars?
Multiply the euros by 1.3 to convert to dollars (current average).
www.x-rates.com/calculator is a good website for the current conversion rate.
What is the difference between saving cash or saving gold?
The real question is: would you rather save your wealth in Dollars or Gold? If you answered Gold, you’d be correct. Consider this:
f you bought $100 worth of goods and services in 2003… you would need $128 to buy the same goods and services in 2014. That means if you saved that $100 in a bank in 2003, in 2014 it would be worth less than $100.
However, a gram of Gold in 2003 was priced around $8, today a gram of gold is around $65. So if you were to have saved $100 in Gold rather than dollars, you would have increased your wealth.
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