KYC stands for Know Your Customer.

In order to purchase Karatbars gold products, we will need a verification of your identity and residency.
After the approval you will be able to place your first purchase.

Please make sure the documents meet the following requirements:

1. A valid, Government issued ID with the matching name, a clear picture in colour and the DOB.
2. A Utility bill like a gas-, phonebill, etc. not older than 6 months that clearly states the name/Company name, address and a date. NO ENVELOPES, NO SCREENSHOTS OR ONLINE BILLS.

For business accounts we need the following additional documents:

3. Filed Articles of Incorporation, Articles of Organization, etc. (completed documents submitted to a State or Government). A Company submitted to Karatbars for approval MUST be in “Good standing”.
4. Evidence that the individual submitting the documents is authorized to contract and transact business on behalf of the Company.
5. EIN/VAT, etc. document.

PLEASE NOTE: Karatbars verifies information with various regulators but may require additional documents from the affiliate on a case by case basis.

IMPORTANT: The ID card, the utility bill and/or the company registration documents must be kept in separate files.

However, the company registration documents should be loaded as ONE PDF file so the documents may be considered as ONE package of information. This will speed up the approval process.

General file requirements:
– Maximum size per file is 10 MB.
– Allowed file formats: JPG, JPEG, GIF, PNG, PDF.

August 1971

Nixon Ends Convertibility of US Dollars to Gold and Announces Wage/Price Controls
President Nixon prepares to announce new economic policies on a television broadcast.

Article from:

    President Richard Nixon’s actions in 1971 to end dollar convertibility to gold and implement wage/price controls were intended to address the international dilemma of a looming gold run and the domestic problem of inflation. The new economic policy marked the beginning of the end of the Bretton Woods international monetary system and temporarily halted inflation. Continue reading