Frequently Asked Questions
Question: I have seen three different people on the videos make three different statements pertaining to the required amount of gold purchased per month and the # of referees per month to maintain the requirements to receive all the bonuses. Please clarify.
Answer: Legally we are classified as an E-Commerce company which also offers an Affiliate program. We adhere to the E-Commerce rules set forth by Germany and the World Trade Organization. There are zero sponsorship requirements nor are there any purchase requirements from our company. The 12 week plan is an optional affiliate based system whereas the affiliate chooses to "personally commit" to the plan, but by no means is it a requirement.
Question: Is the gold you purchase sent directly to you when it is purchased and do you have to clarify that you want it stored for you?
Answer: Every customer/affiliate of Karatbars® is able to maintain, direct and manage their own account. If you choose delivery you can receive your gold from 1 gram at a time. For others who prefer to store their Gold offshore, we offer free storage with Prosegur which is the 3rd largest transporter and storage facility in the world. Prosegur ranks # 1 in Germany.
Question: Is the gold in a separate account apart from the cash that would be used off of the MasterCard?
Answer: Absolutely! The MasterCard is a convenient way for Karatbars® to pay commissions to the affiliate. You can use your card anywhere in the world MasterCard is accepted and it is a very easy means of converting cash into gold if you choose. The gold itself can be delivered or held in the vaults of Prosegur.
Question: Where is it stored and what kind of guarantee do I have that it is there and I can obtain it at any time?
Answer: Prosegur corporate website http://www.prosegur.com/corpen/.
Question: Is it insured by someone and is there a written contract that states who has it and it is obtainable without a lot of trouble?
Answer: 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.
Question: What is the KYC that is talked about and since I am not that computer literate how do I upload to the office whatever documents are required?
Answer: KYC is also known as "Know Your Customer" or the Patriot Act. All financial institutions are required by law to maintain a current list of its client’s documentation and further verify no individual has been associated with terrorism or money laundering activity. You can scan a copy of your docs and upload them to your back office or simply take a picture using a cell phone and email them to yourself where you can save a copy to your computer and upload the docs to your back office.
Question: How do I get help on the use of the "Back Office"?
Answer: Your sponsor should walk you through the function of the back office once you are registered for your free account. We have a Team Training & Resources System that contains everything you need.
Question: Do you automatically receive the MasterCard or is there amount of gold that has to be put into the account. I do realize something would have to be in the account but just wondered if you automatically had the account set up?
Answer: The MasterCard account is set up once you have earned a minimum of 35€ in commissions. The set-up of the card is 20€ and the balance of 15€ is the amount for the minimum deposit on the card. The card may also be pre-ordered (prior to commissions) for affiliates who opt to participate in our optional Dual System Pay Plan. The client must have a Silver business package or higher prior to pre-ordering the card.
Question: What about family members, spouse particularly, using the account and would the spouse have the same account with a duplicate card or separate accounts?
Answer: We do not offer joint accounts; however, husband and wife may choose to have individual accounts set up. Each Karatbars account has an option to add a beneficiary. Each Karatbars® account will have a separate Karatbars® MasterCard set up in order for commissions to be paid out.
Question: One video stated that on a corporate or business account that there would only be one designee to operate the account, could you clarify?
Answer: Yes, that is correct. If an individual owns a business, our system is designed for only one individual or signature of authority is authorized to manage the account.
Question: Could you also clarify the establishment of children's accounts and the setup of same.
Answer: Individuals may create a Customer account for children under the age of 18. A child's account is not eligible to receive earned commissions. Due to laws which vary from state to state as well as each country, we suggest you speak to a trusted financial adviser for guidance in regard to trusts and children ' savings accounts.
Question: Training is also important particularly as to what can be said and not said when presenting the program. Where could I obtain this?
Answer: The Terms and Conditions are located in our back office. You can register for a free account to view these terms and conditions without any obligation. The primary rules are to be honest and of good character. We do not allow affiliates to use the words investment nor give tax advice unless they are fully licensed by their local states/province or country. All questions of this manner should be referred to a trusted specialist who is familiar with the laws of the country in which you reside.
Question: Are there Presentation Videos that can be obtained and instructions on the use of them?
Answer: Everything you need is available on our Team Training & Resources Site and Karatbars backoffice.
Question: Do the cost of the Plans and or the Gold prices fluctuate with the spot price of Gold? Do the Gram Prices fluctuate?
Answer: Yes, the prices of gold are set daily by the London Fix. Prices are adjusted daily.
Question: How are the tax implications on profits handled?
Answer: You will be considered an Independent Contractor. All questions of this manner should be referred to a trusted specialist who is familiar with the laws of the country in which you reside. Each individual should adhere to the tax guidelines & requirements where they reside.
Question: What is the 12 Week Plan
Answer: The 12 Week Plan is a system created by affiliates. We kept getting asked over and over how do we get paid with Karatbars®. We shared the pdf of our payplan, but people still wanted instructions on how the best way to proceed would be. The 12 Week Plan was created by a group of affiliates to help other like-minded individuals who wanted to become financially free. We created a simple set of tasks to complete in order to accelerate higher incomes.
From our corporate office, our pay plan has no restrictions or requirements. Affiliates took the Dual System pay plan and created a system to help others accelerate their earnings by following each simple task. The plan in its basic elements are as follows:
Factors to consider:
1) We know everyone will not find their 2 people within the first 7 days, however, we also know that many will find much more than their 2 which helps to compensate for those who do not. You can literally turn the 12 week plan into a 4 week plan, 20 week plan or even a 12 month plan. It is really up to you and how determined you and your team are. It is always advisable not to look for just any 2 people that can fog a mirror. Find 2 people who are willing to focus and commit to the plan. Some will need to find more than 2 individuals before they find their magic 2 who are willing to commit 100% to the plan.
2) The numbers we show in the 12 week plan is that everyone comes in at the Bronze level and stays there and that you're the only one who chooses to upgrade your Dual Team Business package. However, most people don't want to leave money on the table when there is no extra effort required. The Bronze package pays 8 times less than the VIP package. The volume, transactions and referrals are all the same. We have very few who choose the Bronze entry level and those who do, do not stay at this package level. The majority will begin with a Silver or Gold package and as they earn commissions they can simply upgrade to the VIP package.
3) We also know that not everyone is financially sound to where they can acquire a gram per week but can and will commit 110% to the plan in other areas. We understand there are those who are living on a fixed income and there is very little left at the end of the month to even eat on. I think it is far greater to give up a few indulgences each week and practice what I preach than to sit back and make excuses for not creating my very own savings plan to protect my future. Regardless of where someone is financially this should be their number one goal with Karatbars® and that is to acquire real wealth in the form of gold. Counter to that, there are others who take their earnings from the Dual Team and they convert their commissions back into gold. We feel the first and foremost message from Karatbars® should be the importance of acquiring gold and creating a savings plan that is yours alone to hedge against inflation, the devaluation of the dollar or other fiat currencies around the world and to create generational wealth.
The 12 Week Plan is a simple road map to follow. We do not guarantee earnings due to the fact we cannot guarantee your efforts and the efforts of those you refer. The 12 Week Plan is an affiliate based system, NOT a requirement from the company. Those who choose to join with others to complete the 12 Week Plan are on a personal mission. They choose to make a personal commitment to their sponsor and their self to focus on and work the plan for 12 weeks. If something happens along the way, there is no one who will slap your hand or cause you to lose your position. The worst case scenario is it may take longer than 12 weeks to complete than you hoped.
Those who choose to participate in the 12 Week Plan include a group of like-minded people who want to be part of a system which lifts others up and helps them to stay focused, on track and held accountable. The system has been very successful for many people. The more people who are successful in the 12 week plan, the more commissions are paid out to the field. The entire system is built around the principle of the movement of money and the velocity in which that money moves.
In a nutshell, the 12 Week Plan focuses on Team Work and personal commitment. The 12 Week Plan inspires us to help others achieve their goals as well as our own. The 12 Week Plan gives us the road map to lift others up and in turn we become leaders with purpose.
Quote: "If you can help enough of people get what they want, then what you want will follow" - Zig Ziglar
Answer: Legally we are classified as an E-Commerce company which also offers an Affiliate program. We adhere to the E-Commerce rules set forth by Germany and the World Trade Organization. There are zero sponsorship requirements nor are there any purchase requirements from our company. The 12 week plan is an optional affiliate based system whereas the affiliate chooses to "personally commit" to the plan, but by no means is it a requirement.
Question: Is the gold you purchase sent directly to you when it is purchased and do you have to clarify that you want it stored for you?
Answer: Every customer/affiliate of Karatbars® is able to maintain, direct and manage their own account. If you choose delivery you can receive your gold from 1 gram at a time. For others who prefer to store their Gold offshore, we offer free storage with Prosegur which is the 3rd largest transporter and storage facility in the world. Prosegur ranks # 1 in Germany.
Question: Is the gold in a separate account apart from the cash that would be used off of the MasterCard?
Answer: Absolutely! The MasterCard is a convenient way for Karatbars® to pay commissions to the affiliate. You can use your card anywhere in the world MasterCard is accepted and it is a very easy means of converting cash into gold if you choose. The gold itself can be delivered or held in the vaults of Prosegur.
Question: Where is it stored and what kind of guarantee do I have that it is there and I can obtain it at any time?
Answer: Prosegur corporate website http://www.prosegur.com/corpen/.
Question: Is it insured by someone and is there a written contract that states who has it and it is obtainable without a lot of trouble?
Answer: 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.
Question: What is the KYC that is talked about and since I am not that computer literate how do I upload to the office whatever documents are required?
Answer: KYC is also known as "Know Your Customer" or the Patriot Act. All financial institutions are required by law to maintain a current list of its client’s documentation and further verify no individual has been associated with terrorism or money laundering activity. You can scan a copy of your docs and upload them to your back office or simply take a picture using a cell phone and email them to yourself where you can save a copy to your computer and upload the docs to your back office.
Question: How do I get help on the use of the "Back Office"?
Answer: Your sponsor should walk you through the function of the back office once you are registered for your free account. We have a Team Training & Resources System that contains everything you need.
Question: Do you automatically receive the MasterCard or is there amount of gold that has to be put into the account. I do realize something would have to be in the account but just wondered if you automatically had the account set up?
Answer: The MasterCard account is set up once you have earned a minimum of 35€ in commissions. The set-up of the card is 20€ and the balance of 15€ is the amount for the minimum deposit on the card. The card may also be pre-ordered (prior to commissions) for affiliates who opt to participate in our optional Dual System Pay Plan. The client must have a Silver business package or higher prior to pre-ordering the card.
Question: What about family members, spouse particularly, using the account and would the spouse have the same account with a duplicate card or separate accounts?
Answer: We do not offer joint accounts; however, husband and wife may choose to have individual accounts set up. Each Karatbars account has an option to add a beneficiary. Each Karatbars® account will have a separate Karatbars® MasterCard set up in order for commissions to be paid out.
Question: One video stated that on a corporate or business account that there would only be one designee to operate the account, could you clarify?
Answer: Yes, that is correct. If an individual owns a business, our system is designed for only one individual or signature of authority is authorized to manage the account.
Question: Could you also clarify the establishment of children's accounts and the setup of same.
Answer: Individuals may create a Customer account for children under the age of 18. A child's account is not eligible to receive earned commissions. Due to laws which vary from state to state as well as each country, we suggest you speak to a trusted financial adviser for guidance in regard to trusts and children ' savings accounts.
Question: Training is also important particularly as to what can be said and not said when presenting the program. Where could I obtain this?
Answer: The Terms and Conditions are located in our back office. You can register for a free account to view these terms and conditions without any obligation. The primary rules are to be honest and of good character. We do not allow affiliates to use the words investment nor give tax advice unless they are fully licensed by their local states/province or country. All questions of this manner should be referred to a trusted specialist who is familiar with the laws of the country in which you reside.
Question: Are there Presentation Videos that can be obtained and instructions on the use of them?
Answer: Everything you need is available on our Team Training & Resources Site and Karatbars backoffice.
Question: Do the cost of the Plans and or the Gold prices fluctuate with the spot price of Gold? Do the Gram Prices fluctuate?
Answer: Yes, the prices of gold are set daily by the London Fix. Prices are adjusted daily.
Question: How are the tax implications on profits handled?
Answer: You will be considered an Independent Contractor. All questions of this manner should be referred to a trusted specialist who is familiar with the laws of the country in which you reside. Each individual should adhere to the tax guidelines & requirements where they reside.
Question: What is the 12 Week Plan
Answer: The 12 Week Plan is a system created by affiliates. We kept getting asked over and over how do we get paid with Karatbars®. We shared the pdf of our payplan, but people still wanted instructions on how the best way to proceed would be. The 12 Week Plan was created by a group of affiliates to help other like-minded individuals who wanted to become financially free. We created a simple set of tasks to complete in order to accelerate higher incomes.
From our corporate office, our pay plan has no restrictions or requirements. Affiliates took the Dual System pay plan and created a system to help others accelerate their earnings by following each simple task. The plan in its basic elements are as follows:
- Register for free account
- Opt into the Dual Team (acquire a business package)
- Pay Yourself First ( acquire a minimum of 1 gram per week into your own savings account)
- Find 2 people in week one who will repeat the same.
Factors to consider:
1) We know everyone will not find their 2 people within the first 7 days, however, we also know that many will find much more than their 2 which helps to compensate for those who do not. You can literally turn the 12 week plan into a 4 week plan, 20 week plan or even a 12 month plan. It is really up to you and how determined you and your team are. It is always advisable not to look for just any 2 people that can fog a mirror. Find 2 people who are willing to focus and commit to the plan. Some will need to find more than 2 individuals before they find their magic 2 who are willing to commit 100% to the plan.
2) The numbers we show in the 12 week plan is that everyone comes in at the Bronze level and stays there and that you're the only one who chooses to upgrade your Dual Team Business package. However, most people don't want to leave money on the table when there is no extra effort required. The Bronze package pays 8 times less than the VIP package. The volume, transactions and referrals are all the same. We have very few who choose the Bronze entry level and those who do, do not stay at this package level. The majority will begin with a Silver or Gold package and as they earn commissions they can simply upgrade to the VIP package.
3) We also know that not everyone is financially sound to where they can acquire a gram per week but can and will commit 110% to the plan in other areas. We understand there are those who are living on a fixed income and there is very little left at the end of the month to even eat on. I think it is far greater to give up a few indulgences each week and practice what I preach than to sit back and make excuses for not creating my very own savings plan to protect my future. Regardless of where someone is financially this should be their number one goal with Karatbars® and that is to acquire real wealth in the form of gold. Counter to that, there are others who take their earnings from the Dual Team and they convert their commissions back into gold. We feel the first and foremost message from Karatbars® should be the importance of acquiring gold and creating a savings plan that is yours alone to hedge against inflation, the devaluation of the dollar or other fiat currencies around the world and to create generational wealth.
The 12 Week Plan is a simple road map to follow. We do not guarantee earnings due to the fact we cannot guarantee your efforts and the efforts of those you refer. The 12 Week Plan is an affiliate based system, NOT a requirement from the company. Those who choose to join with others to complete the 12 Week Plan are on a personal mission. They choose to make a personal commitment to their sponsor and their self to focus on and work the plan for 12 weeks. If something happens along the way, there is no one who will slap your hand or cause you to lose your position. The worst case scenario is it may take longer than 12 weeks to complete than you hoped.
Those who choose to participate in the 12 Week Plan include a group of like-minded people who want to be part of a system which lifts others up and helps them to stay focused, on track and held accountable. The system has been very successful for many people. The more people who are successful in the 12 week plan, the more commissions are paid out to the field. The entire system is built around the principle of the movement of money and the velocity in which that money moves.
In a nutshell, the 12 Week Plan focuses on Team Work and personal commitment. The 12 Week Plan inspires us to help others achieve their goals as well as our own. The 12 Week Plan gives us the road map to lift others up and in turn we become leaders with purpose.
Quote: "If you can help enough of people get what they want, then what you want will follow" - Zig Ziglar
Disclaimer: 1KaratbarsGold.com is brought to you by Independent Karatbars® Affiliate, Benny Tay. This is not an official Karatbars International® corporate website. The information and opinions included on this website may contain information that is provided by third parties which have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. Karatbars® gold bullion product is a physical asset which falls under personal property laws. The information on this website is not intended to be used as investment advice and Karatbars® Independent Affiliates are not permitted to give legal or tax advice. Please seek the advice of licensed professionals, or appropriate counsel, regarding the evaluation of any specific information, opinion, advice, or other content. Karatbars International® or its affiliates cannot guarantee future financial results.