Here are the reasons we are promoting Karatbars.

 Thier mission statement aligns perfectly with my mission statement (concerning  my professional  life) which my wife shares as well. To  be part of the creation of  a network of users of an alternative currency which is stable, practicle, convenient , independent, and affordable for the masses. I made this mission statement long before I became aware of Karatbars. (How I became aware of Karatbars is an interesting story told in "About us" )  

There are four pillars to look at in evaluating a company.  

1- Is the leadership trustworthy, stable and visionary? 

2- Do they have the nessecary financial resources? 

3- Do they have an idea that will attract customers.?  

4- What level of competition exists against thier product?   

Let's take a look.

1- The owner, Harald  Seiz,  shows integrity and a broader vision then just making money. We have been told by those who met him he is a warm hearted genuine person. We hear similar sentiment about those in the leadership positions within the company. His book and products speak to his visionary concept for a better world. He is known to have kept every promise he has made which has built a very loyal customer base of 400,000 and silenced almost all critics. 

2- Karatbars has accomplished a record breaking crowd funding of 100 million dollars and reportedly has a billionaire's financial backing. Their revenue exceeds 10 million per year. They own gold reserves in excess of 13 billion dollars. They have the money to do what they say they will do. 

3- Karatbars has been in business selling gold for 7 years with a proven track record of success.  They have over 400,000 customers to date. Their product is definetly attracting customers.

4-They are the only company in the world offering a gold backed cryptocurrency. It's the "silver bullet" in making gold practical in the digital age. Soon they are offering the worlds first blockchain telephone. There is no competition offering this in a multi trillion dollar financial industry.

Further plus points-

- One can have the gold sent home.   One reason  for me to own gold is in case of dire emergency. I want to have my gold with me to buy things, not 1000's of Km away in some vault.

- The gold is priced below local stores that are selling small denomination gold coins  (by 20% here). Not like most affiliate style marketing where the product is more expensive then what can be bought on the street.

- They own and operate the world's largest gold mine and two others. This shows major stability.

- They started and own the worlds first full service multiple cryptocurrency  bank in Miami. This means they are legal in the USA which is generally very tough against cryptocurrencies. 

- They are now rolling out with 10,000 ATMs (with a goal of 1 million world wide) which will allow on the street transactions between gold, karatcrypto, fiat currencies, and other cryptocurrencies (Ie bitcoin etc). This makes them visible and practical on the street. A must for bringing merchants on line which is nessecary to have a usuable currency on the street.

- They own the exchange allowing all cryptocurrencies, including karatcrypto, to be exchanged into fiat currencies and vice versa. 

- In other words they own the whole gold marketing supply chain from mine to blockchain. This is solid stuff. Have you eve seen a company with all this going for it? 

- The marketing style allows for small guys to take part in the movement towards sustainable money while earning a profit at the same time

Other companies

We applaud all efforts toward a gold backed sustainable currency

A brief history of digital gold currency (https://www.goldscape.net/gold-blog/gold-backed-cryptocurrency/) 

The idea of a gold digital currency has always had an appeal for those looking for an alternative payment system. Not long after the internet went mainstream E-Gold emerged as first digital currency backed entirely by gold in 1995. At its peak, millions of people around the world were using this service until it was shut down.

Other attempts to make a digital gold currency were also made, but this was before the age of Bitcoin and blockchain technology.

Now with blockchain technology established as a secure accounting method, and with Bitcoin becoming better known to the general public, a new era of gold-backed cryptocurrency is emerging. There is a proverbial (and literal) gold rush happening now in the crypto world, and even countries are looking to issue their own gold-based cryptocurrency.

The basic concept is certainly compelling. A token or coin is issued that represents a value of gold (for example 1 gram of gold equals 1 coin). The gram of gold is stored by a trusted custodian (preferably third party), and can be traded with other coin holders.

At a minimum the price of the coin will always equal the current gold rate. If the cryptocurrency becomes popular then the price of the coin can potentially increase in value, greater than the value of gold. If the cryptocurrency doesn't take off then the value remains as the value of the gram of gold. It's like a built-in stop-loss.

There of course many risks as well. While the blockchain accounts for the coins, accounting for physical stored gold is another matter. When evaluating such tokens look for who actually owns the gold and how it is stored.  When evaluating a gold crypto make sure that you own the gold.

End of article

Our research

While the article speaks of the gold rush towards gold backed cryptocurrency (and lists over 50 ICO's) what we have seen on the web are many start-ups stating a goldbacked cryptocurrency but they are still in the funding stage and have not opened thier doors yet. We hope they do soon. It's a big market and we need lots of contributors to the cause of gold backed currencies world wide. 

Goldmoney.com is a company which sells Gold (but not a gold backed cryptocurrency) and  offers to store it in their vaults. They have a credit card attached to that gold which deletes your storage as you buy products in the market place with that mastercard. This is a good step forward but limited in scope compared to Karatgold. 

Karatgold will soon be rolling out with the same functionality on their credit card. 

Goldmoney.com does not state clearly in what form the gold is sent to you or how that is done but one can guess it is in the standard gold bars form which is not at all convenient. 

Karatgold has made the denominations of gold down to 0.1 gram in easily transferable bills. They are now rolling out with ATMs so the public can recieve or deposit that gold right on the street. This makes it possible for the small players to have gold conveniently for use in local purchases if the need arises. These are just a few of the many advantages Karatgold has over all competitors we have researched.