New business opportunity for me, looking for input - gold grams BUT...MLM :(

[Tpoints]

Liberty Dollar, of course, was a network-marketed hard currency, and e-gold had a network-marketing (referral) element, so there are precedents in the sound money world.

In short, if the company seems to have a good product you can believe in, and if you will be able to sell it without resorting to any tactics you'd find either unethical or just distasteful, then I'd say this should be an option that's open for you.

Liberty Dollar, even though they had a RCO system, they still sold their products themselves, one thing MLMs typically don't do. But they did have a high markup, which is characteristic of a MLM. AOCS seems to too. Ironically, when the Fed busted NORFED, they didn't seem to care about the pyramid aspect of it, they were too interested in the 'counterfeit' element. Gotta give Liberty Dollar credit, the best way to mask a MLM business is to make sure it's referred to as something else, most will say it's a "business opportunity" (so that the buyers feel empowered, like a seller).

[oyarde]

I know a guy that does this type of thing selling gold in .5 grams up to ....cant remember the max size, but he used a vending machine to do this. I have his info somewhere and can find it again. I know he is from Korea and had a demo machine at a trade show in Las Vegas two years ago at the Jewelry show. He even gave me a free .5gr card with the gold sealed and a serial number on it....nice guy. The machine stays connected with pricing and automatically adjust prices to reflect current prices. Nice looking machine and was built like a ATM

That would be sweet , I could just stop on the way home from work and buy a gram out of the vending machine

[Tpoints]

Amazon.com is network marketing. Amazon pays people who refer buyers to their site a percentage of the sale. What's wrong with that?

No no no, there's a big difference between referral/affiliate/commission and network/MLM. MLM/network REQUIRES giving commission, as do all sales jobs, but the former "referral/affiliate/commission" is usually 1 level, that means there's a warehouse, there's seller, and there's a buyer. The roles NEVER MIX, buyers do not become wholesalers, resellers don't become customers...Amazon pays ONE PERSON for referral, THAT'S IT. The person paid either cannot, or would not be profitable if he tried to "refer another person to do the same". Furthermore, Amazon's prices are extremely competitive whether you are talking about media or electronics, this is hardly ever seen in MLM, since MLM typically has to create new products, avoid selling products to wholesale outlets, charge high markup to split commissions on every level...etc

[Endthefednow]

Hi, Karatbars sell at time of posting for 0.02 grams of gold (karatbar Card) $58.44 Add $ for shipping
and Karatbars will buy back the 0.02 grams of gold for $42.93 yes, we have to pay for shipping unless
we can find an exchange center near.

Or the Gold can be stored for free at SecurLog storage vaults in Neu-Isenburg.
Office hours: 9.00am - 17.00pm CET