KB Gold Review 2011
KB Gold is founded my Mike Koschine in Switzerland in 1994. KB Edelmetall (Liechtenstein) is a financial institution with 16 years of operations. The KB Group is represented with offices in Switzerland, Turkey and Germany. In Turkey: Refinery and Mining, in Switzerland: Storage and Shipment.
Additionally, KB Vision was founded in 2010, exclusively for distribution and operational purposes. The company is headquartered in Stuttgart, Germany and conducts KB's business operations worldwide. It is responsible for support, marketing, customer and affiliate communications, gold purchase, gold deliveries, as well as the preparation and opening of markets in new countries with the goal of establishing worldwide operations.
KB Gold is also the first company in the world that has a 'Green' product line for their gold. No toxic chemicals are used in the production and in order to produce as environment friendly as possible, they have build their own exclusive production line which they are now expanding to keep up with the growth. Est. company revenue $5 million, est. 5,000 members.
Products
Gold
KB gold is stored for free in the St. Gotthard Massif in Switzerland and you receive a statement confirming this. Even the Swiss government store their gold in this secure location. Gold valued at € 3,000 or more can be delivered directly to your front door, free of charge. Alternatively, you can sell it back to KB and receive payment at the current gold price.
Your local authorities will not have access to your gold in Switzerland and your purchase will not be registered outside Switzerland (unlike purchases made trough a bank or the Internet). This can be important in times of crisis, because governments have been known to seize assets in exceptional situations. KB gives you the freedom to choose – at no extra cost.
Gold from KB-Edelmetalle AG:
- Own goldmine and own refinery production
- Certified by Swiss authorities, 24 carat – 999.9 fine gold
- Accepted as global currency, Buy gold with a 3% rebate as preferred customer (Purchase > € 3,000)
- Sell gold to KB with 5% premium as preferred customer. Low margin between buy and sell price
- 0.5 – 1 – 2,5 and 5 gram gold bars for market flexibility. Gold purchase plan for monthly saving
- Safe and free storage in Switzerland. Free delivery after purchase > € 3,000
- Recommended by BDS a large independent German consumer organisation
Compensation Plan
Uni-Level compensation Plan. KB Edelmetall believes that hard work should be rewarded. The KB Compensation Plan rewards you for selling gold by promoting the KB Gold Purchase Plan and for sponsoring others as Independent KB Gold Partners who do the same.
The Gold Purchase plan starts from 50 € and upwards as monthly payment and each monthly payment will immediately be redeemed in physical gold. The KB Gold Partner System offers you 5 different ways of income:
- Customer Acquisition Bonus € 100 – € 650 on each new customer
- Residual Income of up to 5,5 % on monthly purchases
- Up to 5,5 % on one time purchases
- KB Global Funds (Worldwide Pool)
- KB Vision Pool (Worldwide Pool)
The referral commissions and residual income that you can potentially make with the KB Gold Business opportunity can be paid out in gold, silver or in cash.
Corporate leadership
Unknown other that Mike Koschine is founder and CEO.
In November 2010 Mike Koschine was arrested in Germany. The outcome of this case is pending:
“The investigations of the Munich public prosecutor and the decision of the Munich District Court in relation to Mike Koschin as a suspect are now completed. According to the decision, assets seized in Frankfurt € 815,950 were seized because of suspicions that it is the cash funds belonging to investors. Further, the judge concludes that much of the money collected by the KB Edelmetall GmbH was investor’s money. It was not spent on the purchase of gold, but was spent abroad, where the accused (Mike Koschine) and his unknown accomplice, spent the sums of money. This behavior is punishable as fraud in a so far unspecified number of cases to be designated pursuant to § § 263 I, III, No. 1.2, 25 II StGB”
https://www.netcoo.info/content/view/1379/29/
KB Gold Alexa Ratings, 3 months growth -60%. Worldwide rank 2,104,237
KB Gold Top Producer:[private_platinum]
Unknown: Former Top Earner Denis Nowak has left the company
KB Gold Top Earners, the est. earnings are as follows:
Unknown
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We can not find any other Top Earner then Dennis Nowak who left the company.
It seems KB Gold has a very “closed door” policy…
First thing I would like to point out to Ted is that he should do a proper review of a company before writing an article about them as KB Gold is NOT an MLM. There is no signup fee, the only time you give money to KB is when you buy gold or start a gold savings plan with them for as litle as 50 Euro a month. My next point is to Bart just to let him know that KB do not have a closed door policy, Infact far from it if you would like my KB Keys feel free to contact me and I will open the door for you 🙂 Now to the serious business of the above article, here is the information you need and I would appreciate if you read everything very carefully and contact me at anytime via Skype or you can find me on Facebook, which details of both I will post below my message.
My take is that it is very old news… and proven an attempt by Dennis Nowak to undermine the company. Nowak lost his position with KB due to ethics… He has a very bad reputation from what I hear and he himself is in hiding from the police .
What happened was KB security personel left Germany (Munich ) with cash to transfer to the refinery in Turkey. The money was declared in Munich but due to a paperwork error… when they laid over in Frankfurt the declaration did not transfer.
They did seize the funds but once they realized the error was of a clerical nature between Munich and Frankfurt the funds were released back to the company..
An example of a disgruntled rep… twisting the facts to create sensationalism….
This is very old and has been proven false as I will explain now.
MLM watchdog retracted its post once the statement from corporate was proven to be factual..
Statement on the false assertion or faulty research of MLM Watchdog
The company KB was founded in 1994 by Mike Koschine, his goal being that of establishing intelligent and easily understood products on the market. Mike Koschine implemented this goal with KB by introducing the V-Plan A in 1999.
In 1996, a new marketing concept was presented and implemented consisting of financial service products.
Since March of 2008 and due to various developments on the market, KB has been offering a unique purchase plan of precious metals. Its goal is to offer people physical gold in the smallest possible denominations.
On Oct. 19, 2009 a gold refining plant was established in Istanbul, Turkey. Henceforth, the gold bars have been produced here.
Regarding the accusations:
In March of 2009 the Swiss authorities ordered the freezing of 500,000 Francs held at the UBS Bank, due to the charges of a KB competitor, claiming that it was impossible to produce the number of small gold bars which by then had already been sold by KB in such a short time period.
These proceedings were closed, as the gold for all customers could be accounted for. (With even a surplus of 30 kg.)
In September of 2009, a different investigation of KB in Austria was also closed, as the gold stock in question could be verified.
The cash amount of 815,000 ? had been declared before the flight at the customs office in Munich, including proof of the customers’ payments. This means that Michael M., a KB security staff, began his trip from Munich to Riga via Frankfurt, in order to deposit the money in Riga, in an account, which was accessible to the refining plant in Turkey.
The mistake consisted in the fact that, while the money was declared in Munich, it was not declared in Frankfurt and was therefore impounded by the Frankfurt customs. The corresponding gold for the customers was nonetheless produced, having been covered by KB’s own stock in Turkey.
The customers’ gold stock was inspected and verified for a third time by the German public prosecutor’s office.
If the statement by MLM Watchdog were true, KB would have had to close its operations a long time ago. On the contrary, its refining plant in Istanbul has just been expanded from 1200 to 3000 square meters, in order to accommodate its growing international business.
It is always the pioneers’ vision which impels them to make their way. And always, they are first derided and then fought (this is the stage in which we are at present), only to be accepted later. It is KB’s purpose to
provide to everyone the opportunity to secure their wealth by means of small-size gold bars.
For who knows for how long the money system in its current form is destined to last.
Harald Seiz
Ok I hope everything has been cleared up for you now and if you would like to contact me please.
Kind Regards,
Fergal Sheehy,
Skype: ferg1000
https://facebook.com/ferg100
Greatings Mr. Mike Koschine,
How r u doing sir? This is (Mr.) Mohammed Wajid Ali, working as Administrative Officer for the Anti-Corruption Bureau, M.J. Market, Hyderabad City, Andhra Pradesh State, India. I have a Mandate in the U.S.A. who is direct to the Gold buyers who want to buy gold directly from the sellers. Kindly send me ur email id. I will forward the requirement of Gold, sent to me by the Mandate. Kindly do respond quickly. Best Regards, Have a nice day, Wajid — Mobile: +919849796347.
Hello Mr. Wajid,
You can use the following link to signup as customer, or if you wish as affiliate partner, that way having commisions on the sales: https://www.kb-vision.com/?s=71230
Any questions welcome on Skype: liveandplay
Namaste
Amrit, Italy
I have bought gold from KB and got it without problem. I have visited them in Germany in their office in Munich, all very well organised and a good feeling came to me from the way they recieved us. I have been watching them passively for two years to see how they do, now I have decided to start building my team. KB is good! Always will there be envy and people who will try to sabotage, KB will survive that.
Amrit