FAQ

Questions about Karatgold products

Gold specific

Can I buy quantities of gold in standard forms like coins or bricks?
You can buy large quantities of gold (even over 1 million Euros worth) but as bundle packages of small 1 gram  denominations. The focus of the company is to make gold useable in the market place and accepted by the ATM's that are already being rolled out.  The bills and credit card form allow for this possibility. 

Can I buy gold on an automatic withdrawal monthly saving program? 
Yes.

What is the minimum? 
4€ per month

What is the LBMA stamp?
It's the only bullion market accreditation accepted across the globe. 

What does the DNA stamp mean?
It means this gold can be traced back to it's fondery, Only three companies in the world offer this and thier gold is much more expensive than Karatgold.

Is there any advantage to buying gold as an affiliate rather than as a customer?
There is no advantage. Only in the event that someone you meet wants to buy gold also. You would get no commissions.

Cryptocurrency Specific

What about competition?
There´s no competition, only partners. Collaboration is the key to create an alternative monetary systems and true financial freedom for the people. There are currently over 1600 cryptocurrencies who are educating and offering the public alternatives. There are over 50 ICO's (Initial coin offering) offering a gold backed cryptocurrency. The business of money is over a 50 trillion dollar a year industry basically controlled by one entitiy, the banking system. This fiat banking system is lead principally by the IMF, the BIS, The World Bank and the USA Federal Reserve. We need many players to decentralise this immense power held by the few.

We all need to support each other. Therefore this website will list stores that accept cryptocurrencies other than karatgold also.  

How is Karatgolds cryptocurrency different from other cryptocurrencies?
It is the only cryptocurrency in the world backed by a solid asset (gold). This means it's not just computer digit on a screen. It actually has a known value that is accepted world wide. This acts to stablize the currency as it's price follows the price of gold which has shown a steady upward growth. Other cryptocurrencies tend to follow the price of Bitcoin which has shown extreme fluctuations in the past and now tends towards a downward movement.

Other cryptocurrencies are typically young start ups with no real life experience in the market. They also only have investors money to rely on to build the business. And they have no customer base.

The Karatgold company started as sellers of gold in 2011 and has shown a steady growth since. It owns solid assets like the worlds largest gold mine to back up its value. Even before it launched its cryptocurrency, it had 400,000 people in 120 countries as customers.

Why are there two cryptocurrency coins? (KBC and KCB)
The KBC was the first ICO and sold out so quickly the company realized it needed to create a second coin to meet the demand. Therefore the KCB was released in December of 2018.
The KaratGold Coin - KBC - is a Blockchain-based cryptocurrency linked to physically deposited gold in the form of the so-called CashGold, a true gold standard. A certain number of KBCs can be exchanged for the corresponding amount of CashGold at any time.

How long will the KCB coins be for sale?
Ends August 2019. 

Is there any advantage to buying Karatgold cryptocurrency as an affiliate rather than a customer?
Yes, as an affiliate for the same amount of money you also get a 0.1 g gold bill, a window sticker and brochures which are great conversation pieces. People are fascinated by the gold bill.  

Questions about our mission

What if I live outside Stockholm, how can I help your work?Stores are interested in attracting new clients online as well as locally. Since most stores have an online presence wherever you are signed in as someone recieving our newsletter or owning karatgold cryptocurrency benefits us.  

I like what you are doing and I want to get involved but I am not a salesman. Can I work with this? 
Yes but it does take patience and consistent effort. The internet method is to simply send a link to people in diferent platforms anonymously. I recieved a simple link to a video from someone I did not know in my meetup platform. The name of the company caught my interest. My sponsor recieved a link from someone on Linkedin whom he did not know. 

Questions about the company

What is the size of the company?
There are over 480,000 customers  in over 120 countries. 

What are its assets?
It owns the worlds largest gold mine in New Guinea and two others. Also it owns a bank in Miami and an exchange in Hong Kong. Its offices are in Stuttgard,Germany.

Questions about the Karatgold website

Why is there karatbars.com and karatgold.sg?
The company started as an online seller of small denominations of physical gold. The karatbars.com website serviced that branch. Just recently they have added the cryptocurrency backed by gold which nessecitated a new platform. Therefore the karatgold.sg platform was created. Soon the two will merge into one website.

How do i sign up as an affiliate or customer?
Click on this link>  https://www.karatgold.sg/?s=jbehr

1) Choose to be an Affiliate or a Customer. 

2) Create username, password. Then enter your name, adress, country, e-mail. Be thoughtful when choosing a username, because it's not possible to change it afterwards.

Is there any fee to sign up?
No. Its free and and no obligation, no spam.

How do i sign up in Karatbars to buy small denominations of gold?
There´s two options.

1) Click on the link> https://www.karatgold.sg/?s=happybehrs

2) Once you have created an acount in Karatgold, you will have the same username and password in Karatbars. All you have to do is go to the top and click on "Switch To Karatbars"

Another way to is...

1) Go to directly to karatbars.com

2) Enter the sponsor´s username and karatbar ID, in this matter its our
username and ID. Combined with this you create an account for you as well. Please see below.

Username: happybehrs

Karatbars ID:93572982

Three steps you as an affiliate need to do.

1) Choose packages

2) Upload KYC documents

3) Refferal links

4) Buy coins (optional)

5) Choose Karatgolds credit card-mastercard (optional)

Steps you as a customer can do.

1) Sign up as a customer through the link https://www.karatgold.sg/?s=jbehr

2) Choose a package or

3) Choose small denominations of gold

4) Pay with credit card

What is KYC documents?
It means Know Your Customer. It is standard procedure for all online financial transactions involving transference of money over the internet between financail institutions and individuals. It is a security measure to prevent fraud.
Click on this link https://www.youtube.com/watch?v=5p-DChgNJP4

What is a Referal link?
Referal link is a ID-code you need to use as an affiliate when signing up other people. This is available to find in Dashboard section.

Questions outside the box

Are you suggesting I quite using the government backed money of my country?
No we are suggesting you get educated first as to what is money and what the money you use supports. Receive our newsletter, attend our meetups when possible. Watch youtube videos on the issue.  

Start buying an alternative currency as a safe haven that has the possibility of being a usefull currency. The Karatgold  cashgold and cryptocurrency is  the best options in our opinion as it offers both physical gold in small useable denominations and digital money backed by gold. 

Visit our website often to see what stores will accept Karatbars cash gold and other cryptocurrencies. 

Is it really possible to transform today´s money system into cryptocurrency backed by gold?
We must start somewhere by taking responsibility for our own personal part in the equation. What money we choose to use and how we  use it.   How the money we  use effects our neighbors. Fiat money supports what amounts to the destruction of the value of money in your neighbors hands. It supports big bankers  who are married to many of the unsustainable practices we do not want. (like dirty fuels) 

There are severe issues effecting us and the world. Take our energy scource for example. That is a huge monster whose fight began in the 1970's. Back then it was an impossible dream but now we see electric cars and society in general demanding cleaner fuel scources. Yes it's a slow process but cryptocurrencies stepped up the speed of peoples awareness of the problem. While offering possible technical solution that wasn't even dreamed of 10 years ago. 

How do you see this developing in society?
Like other alternative movements, it starts as a fringe group that gains popularity as the sickness of the old system becomes more visible to the public. Eventually there could be sub economies based on alternative currencies just like there are health food stores that offer alternatives to big pharmaceutical industries and independent energy systems springing up competing with oil and coal. 

As it gets more accepted in society so will bigger outlets start accepting crypto backed by gold as payment. Just as has happened with the health food industry which is now found in grocery stores. Thirty years ago that was unthinkable. Eventually it could become the standard way to transact business as paper currency looses more and more value. 

The speed of this transition will depend on the severity of the pain in fiat currencies use (devaluation/inflation). For instance in Venezuala Bitcoin and Gold are being used by the government and private individuals to transact business both locally and internationally.  Also the growth of groups and companies like this who educate the public and offer doable altenatives will accelerate this movement.

Haven't the politicians got this figured out? They must already be prepared with a solution to this problem aren't they?
The politicians and government are caught in a "catch 22". In order to get elected they usually promise the populace new and better services such as health care, elderly care etc etc. These all cost more money than the government has.  

So the politician when elected has three choices. Either not follow through on his promises or raise taxes to meet these promises or simply borrow more from the bank. 

The first two options are very unpopular and would not get that person re-elected. The third option is preferred. This perpetuates the constant over printing of money to the point where eventually the services he is creating with his new money will get too expensive due to the weakening of the currency because of the money he borrowed into existence. 

Tieing the currency to gold would prevent the politicians ability to make such expensive promises. If you don't have the gold you simply cannot do it. Gold cannot be made up out of thin air like paper can.  So most politicians will not back a law that creates a gold backed currency of any kind.   

As a result of this fiat currency system will live on until it dies unless we the people who are being cheated do something about it. How are  we being cheated?

As we  see  here in Sweden, social services close, or get cut back or they severely loose the quality they had before. But that is not seen for a few years, so it becomes the next elected political parties problem who has promised other expensive measures and so on and so on. Until our children are forced to work two jobs to make ends meet. 

Moral of story, The solution to our unsustainable money crisis will never come from the top down. It must be an enlightened peoples movement. Gold has worked for millenium to keep governments in check. It's only when paper money is introduced that the deterioration of the economy begins.   

Technology will save us won't it?
Yes and no. Technology created the cryptocurrency which shows great hope, but still cryptocurrency not backed by a fixed commodity like gold has had problems of instability which prevents its mass adoption. Merchants do not want to loose 20% over night because the currency they hold from a sale that day dropped suddenly in value as they slept. A gold fixed cryptocurrency would solve this problem. Gold has shown a steady increase over the last 20 years with few sudden surges up or down. 

How is gold economy better than what we have now?
Simply put it takes the creation of money and its manipulation out of the hands of unelected officials. It places that authority in the hands of another power whether you call that nature or God. The one who creates gold and allows for its discovery.

The current system gives too much power to a too few hands which always leads to corruption. A gold standard would put that power into the only hands that cannot be corrupted. 

How will a gold backed cryptocurrency effect the gold market?
As you know by now cryptocurrencies are decentralized and Gold market right now is centralized since its owned by several banks, an oversight committee, and a panel of internal and external chair members which make up the IBA who determines the gold prices. So if cryptocurrencies that are backed by Gold takes over by that means the Gold market will no longer be centralized, no more unstable economic events such as inflation and deflation. The Gold market would be public and gives everyone opportunity at owning their own gold, to have control over their own assets not the banks. By that means gold´s value will remain stable and so will cryptocurrencies backed by Gold. 

What´s the difference between the banks digital money and independent cryptocurrencies?
Independent cryptocurrencies are decentralized and have strong advantages over centralized financial systems, primarily because of their ability to function and operate without a single point of failure, which hackers and bad actors can target. Meanwhile decentralized cryptocurrencies regardless of holidays and weekends can freely transact on a peer-to-peer basis, 

Central and local banks have the power to close our accounts, do whatever without our consent but this can be avoided if our assets are stored in a decentralized storeof value, like cryptocurrencies afford. The transactions fees overseas through centralized banks are inefficient, expensive, unsustainable while decentralized cryptocurrency like Karatgold offer these services with low cost and a robust infrastructure.

In the banking system, standard fiat currency, a digital currency has no physical equivalence stored in the form of cash or gold. They are just made of arbitrary numbers and digits saved in people's account. While it might not appear appropriate to just have random figures on the computer screen telling you how much you own, it might interest you to know that about 90 percent of all currencies exist in this form. Just like traditional cash, digital currencies are accepted as legal tender and they can be used to purchase goods and services. Even though these currencies are digital in nature, they can be exchanged for physical cash. Transaction services like Internet banking, credit cards and PayPal make use of digital currency. Being digital, they are unrestricted by geographic boundaries and can be used for transaction anywhere in the world.The traditional banking system, a majority of digital currencies are regulated by regulatory bodies like the Federal Reserve or other designated government parastatals. This means that transactions are constantly monitored, and their value determined by these regulatory bodies. Cryptocurrencies are fully decentralized. This means that no institution is set aside to regulate them. The rules are set by its community. As a result, the viability of a cryptocurrency is highly dependent on the strength its community can garner. 

Transparency  In Cryptocurrency transactions are made available to the public domain. Even though the people behind the transactions are unknown, this way, you can personally monitor how much money is in the system. Digital currencies only allows approved entities to get access to the transaction information. Information regarding transactions of which you're not directly connected is withheld from you.

Legal framework digital currencies are backed by a recognized central authority. Having legal support from government and financial institution establishes their general usage and acceptance. Cryptocurrencies aren't backed by any form of a recognized body. As a consequence, they're not yet fully recognized as a legal tender worldwide.

Dominance Due to digital currencies recognized backing, digital currencies are accepted all over the world. Cryptocurrencies, on the other hand, are loners. They are only accepted by a small group of institutions. 

Value fluctuation For digital currencies, its value is determined and regulated by financial institutions. This makes the currency relatively stable. Cryptocurrencies in are still in thier infancy and therfore unstable. As noted with Bitcoin it has shown great fluctuation in price. Many cryptocurrencies are adopting measures to create  more stability those making their cryptocurrency more accepted by merchants. 

The banks (authority people) sets the goldstandard. How can I be so sure that the goldstandard, its value are trustworthy and will be stable? 
All we can rely on is history. The future as always is unknown. For the last 20 years gold has shown a average increase of 10%. Over the last 100 years gold has held it's value wheras paper has lost 95% of its purchasing power. 
If we look at its historical indications, gold is indeed stable in value. Taka a look at many economic events over centuries of history, what you find is that when currencies change value compared to gold, then you tend to get corresponding inflationary and deflationary effects. In other words, it was the currency changing value, not gold. However, if a currency doesn't change value compared to gold, then you don't see much in the way of inflationary or deflationary effects. In other words, gold isn't changing value. 
The price indications is hard to look at when determination of the stability of gold's monetary value, nothing is more stable than gold to which we can compare. If there was, we would use that thing as a measure of stable value, not gold. 

Who sets Gold prices?
For over a century, five companies ran the London Gold Market Fixing Company and set prices through a process conducted by telephone called the "London Gold Fix." 1 On March 20, 2015, the ICE Benchmark Administration (IBA) took over and replaced the process with an electronic auction system called the LBMA Gold Price. 2 3 The LBMA owns the rights to the process. Several banks, an oversight committee, and a panel of internal and external chair members make up the IBA. Twice daily, at 10:30 AM and 3:00 PM UK Time, the IBA publishes the LBMA Gold Price in US dollars, which serves as a benchmark price for gold producers, investors, consumers, and central banks worldwide. The price of gold is adjusted in real-time based on financial evaluations of anonymous auction rounds run every 45 seconds. When all buy and sell orders and imbalances are within 20,000 troy ounces, the price is fixed.

What are the factors influence Gold price?
Gold spot price The price of gold that is to be delivered immediately after purchase is called the spot price. However, in times of extraordinary demand for physical gold, the spot price can be higher than the futures price. 

Supply and demand When gold demand is high and supplies of the precious metal are low, gold prices will rise. Gold demand from investors, central banks, and the medical and technology sectors, however, remains strong.

Market conditions Political and economic events shape market conditions, which in turn influence gold prices. 

Currency depreciation This occurs when a country's currency loses value in relation to one or more foreign currencies. Inflation and monetary policy, such as quantitative easing, are two causes of currency depreciation. 

What happens to cryptocurrencies if internet crashes or hacked? 
If the internet crashes you better hope you have gold in your hand as nothing else would work but gold as a medium of exchange. In fact very few things would work period so I suggest owning a farm too:) 

In order for there to be a successful hack of a cryptocurrency system a hacker would need to hack into 1000's of computers world wide at pricely the same time. Almost impossible.  It's far more likely your bank would be hacked successfully.