The Important Difference Between Pennyweight and Grams in Cash For Gold Buying and Selling

If you have been thinking of selling your gold for cash and are researching different prices between gold buyers, be very careful not to fall for a trick. Modern day gold buyers have been popping up all over with claims that they pay the most for gold. While some of these buyers don’t even display their prices up front, others may be misleading consumers by advertising prices in pennyweight or DWT.

What is a pennyweight? A pennyweight is a unit of measure still used by some jewelry manufacturers and dental labs for weighing precious metals. The public on the other hand, will very rarely come across this unit of measure as very few scales read pennyweights. Here is the trick; a pennyweight weighs 1.514 grams or roughly one and a half gram. Now for customers of cash for gold who want to sell gold, gold prices displayed in pennyweights (DWT) may appear much higher than prices displayed in grams. Naturally the reason for this being that a pennyweight weighs more! So in reality the price displayed when converted to grams may be far less than other businesses gram gold prices.

Obviously a gold buyer that gives his prices in pennyweight is as unreliable as the gold buyer that doesn’t give prices at all. So go with your gut than when the buyer tells you a flat offer or that he is paying more, chances are he is not. No one likes to be taken advantage of so do your homework first using these tips and you can still make great money selling gold for cash!

Business Secrets Revealed:1. Business is Production

Business is a single word or a subject, when analyzed gives a bundle of meanings and explanations. We define business in various ways on diverse circumstances.

Generally, business is a profession of producing goods and services for a profit. When we say production, this involves the human labor primarily and machinery as a labor saving device and raw materials for conversion into consumable products.

Products are too many:

These products are commodities or goods of human needs. They may be wholesome products or spare parts or semi processed materials for being assembled, merged or integrated into the final product.

These may be solids, liquids or gases; may be vegetative in origin, metals, or chemicals in nature; they may be naturally grown, cultivated with agricultural techniques or produced with engineering expertise. They may include living beings, birds and animals too.

Products are enormous:

To understand the enormity of the products, let us visit some of the places.

Sweets and savories:

Let us go to a sweet stall! Just see the sweets and savories made out of flours of cereals, say rice and wheat and protein rich grams like Bengal gram and green gram etc. You can see at least one hundred items there. Here, the main ingredients are sugar, milk, spices, and essences with the flours.

Bread, butter and jam:

Now, move into a bakery, where you will see hundreds of items made with the combination of wheat, sugar, cream, spices and essences.

Grains and spices:

The next is a grocery store, selling all food grains, pulses, spices, condiments and their bye products, besides cooking oils. They sell processed, semi-processed and Ready-to-eat food packs also.

Fresh and juicy:

The nearby ‘vegetables and fruits’ stall supplies all the vegetables, fruits and fresh fruit juices. Instant coffee, tea and other beverages are also available if you wish to drink sip by sip.

Hot and tasty:

The next is a hotel, where you get food cooked and supplied instantly. See a fast food counter also. The menu says about 100 items of mouth-watering dishes.

A petty shop selling toffees and chocolates along with biscuits and homemade candies is a common feature.

Food alone too many:

We have been trying to list only food products sold in a few locations. There are very many more varieties and brands in food products alone.

Others uncountable:

If you make a list under basic clothing, building materials, plastics, cosmetics, stationary, drugs, chemicals and many more categories, the list will go infinite.

Engineering goods immeasurable:

If you enter into engineering industry, there is boundless number of machines, spares and products needed by countless industries like agriculture, automobile, building construction, medicine etc.,

Now, as an entrepreneur, feel the vastness of goods, enormity of products, immensity of bye products and sheer size the market. The man made goods available for the humankind in this large world is huge, its requirement is massive and the market is mammoth.

Please understand that these products are for you to produce. If you wish to become a product oriented entrepreneur, the scope is wide and the choice is vast.

You need to select the best suitable for you.

Characters of products:

Monopoly with no competition:

If you get an agency for kerosene or gasoline, you are lucky. People will come in queue to buy your product. This is a monopoly product, available only with you as a licensed dealer in that area.

Duopoly with one competition:

Selling toffees and chocolates in the market is not an easy joke. If you are a dealer of a good branded chocolate like ‘Cadbury’s’ and biscuits like ‘Britannia’, you are comfortable. These are all duopoly products, distributed only by two marketers with minimum competition.

Even in branded popular toffees also, there are similar products having same taste. Those like “Lacto king” will buy “MahaLacto” also as a choice. There will be a market shift in favor of a brand if there is inadequate supply of another brand of similar kind.

Oligopoly with too many competition:

If you are a seller of a ‘brand less’ item, your competition is high. As a number of persons will distribute the products, you have always-tough time to sell your goods. This is oligopoly market. There are too many competitions. You are at risk financially.

Primarily the business is product oriented:

In general, the business is product oriented. The wants are unlimited. Likewise, products availability is also boundless. The human population and the market are ever growing. The demand, supply and the population are too big and they offer great opportunity to the entrepreneurs.

To make all these things favorable to him, the entrepreneur must select a suitable product with unique features. That should have good potential demand and easy manageability in the market. This is very common suggestion.

We have tried here only to reveal the “open secret” that business is primarily product oriented.

In course of time, we shall release very good business strategies, sale techniques and business ideas highly suitable to the budding entrepreneurs.

Karatbars International Business – Opportunity or Rip-Off?

Karatbars International is an E commerce company. They do, however, offer a very lucrative affiliate rewards program. They are NOT considered MLM. The difference is very clear. The Company has zero sponsorship requirements or monthly purchase requirements in order to earn commissions.

Karatbars International has gained much attention for their ways to earn income opportunity, especially their 12 Week Plan to Financial Wealth. There are some very real concerns about starting or participating in this business. In this article, we will go through and give an unbiased review of the pros and cons of the business, and see if they are a great business opportunity… or a great rip-off.

Karatbars International – The Good

Karatbars International was founded in 2011. They are a company which offers an attractive and affordable option for the consumer to purchase 999.9 24K pure gold bullion per gram, as well as their specialty lines of gold merchandising, collector & gift cards. This company offers the consumer an independence to own, manage & control their personal purchases. They are providing an opportunity for everyone worldwide to own gold at an affordable price point.

The headquarters and the logistics center of the company is located in Stuttgart, Germany. It is responsible for the support, marketing, customer and partner communication, execution and delivery of orders. Their Headquarters also co-ordinates the launch of new countries throughout Europe.

Karatbars International offers its customers several storage options:

* Storage Prosegur (free) – Frankfurt Neu-Isenburg

* Storage Switzerland (charged) – A direct contract with the Swiss company

* Storage Singapore (charged) – A direct contract with the Singapore company

Deliveries in smaller quantities are packaged under video surveillance at the home of Karatbars International and shipped via FedEx daily.

The affiliates can refer others to an online Gold Savings Plan and earn commissions whether or not they personally purchase their products.

Karatbars International – The Concern
Whether or not Karatbars International is a good business opportunity, it is clear to say that the most valuable assets are precious metals.

Several people are referring to Karatbars International’s gold product as LBMA certified gold. Please note, the LBMA does not certify gold, they certify the refinery.

This Company claims to be the only company that will buy back an affiliate’s gold.

Karatbars International – Ugly

Karatbars International, like many other online companies, teach their distributors to leverage their “warm market”, friends, family and/or anyone you bump into. However, when a new distributor comes talking to their friends and family about making a tremendous income with a business opportunity… and the distributor is not making any money… there is a credibility issue that occurs, and the distributor is positioned as a gopher for someone else’s business.

Growing this business can be a great opportunity. They appear to have a good service. There are plenty of companies that offer purchasing gold online but you must be aware:

* Is the Gold 999.99 24K pure
* Where are the Gold Refineries that are producing the Gold
* Is the Gold Refinery LBMA Certified
* Does the Company have free storage
* Will the company buy the gold back(this is huge)

In closing, I would say that starting and developing a Karatbars International business is lucrative if you know how to effectively use the telephone, the Internet, and other effective marketing tools. Many people who market great products never make a dime. It is not a rip-off, but like any business, success will be determined by the skill-set of the marketer. This Company is definitely not a lottery ticket or a stock option – meaning, you do not just exchange your currency to gold and wait for a payout.

The difference is the marketer, and their ability to target their market effectively to others, that this makes sense to. If someone does not have the first clue on how to market effectively, then I would suggest they either learn how to be an effective marketer, or just use Karatbars International as a way to effectively move your money from one pocket(Financial Institution) to a more secure pocket for the means of protecting your assets; as a hedge.

This article can be freely published on a website as long as it is not modified in any way including the author byline and active hyperlinks.