Karatbars is a rapidly growing, and very large, business. Initially this company traded exclusively in Bullion. You can still buy physical Gold for nearly the spot price, and in small affordable quantities.
More recently, over the last 12-18 months, Karatbars have been spreading into cryptocurrency and technology, and is also launching its own unique mobile phone. The cryptocurrency, KaratBankCoin (KBC) is backed by physical Gold…. possibly now the ONLY currency in the where this is the case. The company CEO, German Billionaire Harald Seiz, has pledged that by July 4th 2019 that every 100 KBC will be backed by 1g of Gold.
The level of Gold backing the KBC will continue to rise over time as a good proportion of the company profits are being placed into further physical Gold to create a higher and higher guaranteed value.
We will continue to update this page with further info, as well as blogging, as more exciting developments occur. KaratBars is proving to be a very exciting, and possibly life-changing, opportunity.