See us at http://24kgoldbars.com Les Perkins working with my team and educating interested people about the gold market and how we can take advantage of the eventual economy crisis to come.
Gold has a history of over 5000 years. Since ancient times, gold was an important raw material. For the last 2800 years, gold has been a recurring base of currency and trade.
In 1971 Richard Nixon cancelled the direct convertibility of the United States dollar to gold. Gold became more valuable, however now currencies lose more and more of their value every year.
Imagine a network of stores and online shops that accept gold both physically – CashGold – and virtually – KaratPAY – as a means of exchange and payment. Worldwide, with maximum security.
You find it as exciting as we do? Search no longer – you found it!
A Network of Trust: That’s K-Exchange
It’s an innovation of Karatbars International: a shopping community based on trust in gold.
CashGold was developed by KaratBank and Karatbars International as an exchange and payment means with integrated gold bars in the smallest unit of 0.1 gram fine gold (Fineness 999,9, conformity with German legislative text §1 FeinGehG). By appropriate combination of the gold bars on the carrier, CashGold can be offered in denominations of 0.1g, 0.2g, 0.4g and 0.6g total weight, ensuring high exchangeability.
Due to the expense, most people find it difficult to acquire large gold bars or do not know how to contact a gold bullion broker. This is where Karatbars International steps in to provide high quality gold bullion at a price point everyone can afford.
CASHGOLD will soon be available to anyone!
With CASHGOLD, Karatbars International establishes
an independent and alternative means of
payment and exchange that can be used compatibly
with all the world’s currencies.
However, CASHGOLD is no currency. It only looks
similar to a banknote to ensure everyday practicality
as a means of payment.
Karatbars gold bullion cards guarantee stability and to serve in times of economic upheaval as a possible payment and also a medium of exchange.
Owning gold in smaller, more transaction friendly weights are strategically important. It is wise to buy our small units-karat bullion bars to protect capital.
The primary reason investors choose a gold bar is that it’s less expensive than a gold coin. Premiums are lower because coins have a more intricate design and thus greater labor and machining costs. Coins may be prettier, but you’ll pay extra for that appeal.
The other advantage of gold bars is that they’re easier to store. A gold bar takes up less space than the same number of ounces of coins. In fact, bars were originally designed specifically for ease of storage.
Pick the Best Gold Bar Size for You
Tip: Buy one-ounce gold bars to meet future needs as they come up. If you have a high net worth, buy both small and large bars.
One of the first decisions you’ll have to make when buying gold bars is what size to purchase.
Gold bars come in different sizes and weights. They’re as small as one gram (sometimes called wafers because they’re so thin), and as big as 400 ounces. It’s these larger sizes that central banks, exchanges, and ETFs buy.
Generally speaking, the bigger the bar, the smaller the premium. That’s because it’s less costly to produce a kilo gold bar than a one-ounce gold bar.
But that doesn’t mean you should buy the heaviest bar you can afford. Just the opposite, in fact…
• Big bars do not offer the divisibility smaller ones do. When you sell a big bar, you are liquidating a sizable investment. It’s more practical to sell multiple smaller bars to exchange the exact amount of gold for the exact amount of currency you need.
• Fewer potential buyers. Not many investors can afford to buy, say, a 100-ounce bar. If you have smaller sized bars, you have a greater pool of customers.
• Lower counterfeiting risk. Counterfeiters prefer big bars, because they’re worth a lot more.
• Avoids the need for an assay. The bigger the bar, the more likely it will require an assay to be sold. An assay adds an extra expense, is inconvenient, and will delay your payout.
The advantage of buying a large gold bar is that the premium will be smaller. But you lose these other advantages when you purchase the biggest bar you can. High net worth investors could buy a large bar, provided they also have some bars denominated in smaller weights.
On the other hand, don’t buy gold bars smaller than one ounce, as the premiums are significantly higher. If you can’t afford more than one ounce of gold, consider buying several smaller bars so you capture the advantages above. Either way, owning gold is better than not owning gold.