Last Post 28 May 2017 07:10 PM by  Joseph Loyd
Buy Gold and Silver @ wholesale
 36 Replies
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Kathy Bullock
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21 May 2017 11:04 AM

     

    1. How Do We Do It?
      "How can 7k Metals not charge commissions or mark up on bullion and still make money?"
      We have a very simple business model. By having a focused group of customers brought together for a single purpose (getting the best prices on precious metals), we use our collective buying power and purchase precious metals from the largest distributors in the world at the lowest prices possible!
      We then pass the prices WE pay on to our customers. Now, obviously if you w...ere buying or wanted to buy precious metals, we're sure you'd want to get the best prices...right? Well, now you can!
      THAT'S how we grow as a company. We profit by simply helping others get involved with us by taking advantage of our Exclusive Membership Program. We don’t need to charge a mark up because with our technology, relationships and business model we are able to profit through our initial program fee and are able to offer true “Dealer-Direct, At Cost pricing to our customers.
      Another major expense that the other companies have that we don’t is advertising. We don’t need to spend a fortune on TV, Radio or print ads because our customers help us spread the word. So, the only advertising we pay for, is in the form of commissions paid directly to our Associates for their efforts of telling others about our incredible program. By paying only those who actually make referrals, we save hundreds of thousands each year by avoiding traditional marketing.
      With all the money we’re able to save, we’re able to pass that on to our Customers! So, YOU save money!!
      www.7kmetals.com/KathyBullock
    Leo Lorenz
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    21 May 2017 12:35 PM
    What kind of post is this?? Are you serious Kathy? You do realize that most of us can go out and find our own gold for free and have fun doing it. Did you join just to push your company advertseiment?
    Wow
    Kathy Bullock
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    21 May 2017 12:50 PM

     

     

       

     

     No Leo but thanks for asking. I've been a member for some time. I was just sharing something that I've found to be very interesting.

     

    Unlike you, some people haven't found as much as they would like to. I agree getting out and hunting is the best part. But at the end of the day we understand it's not going to help secure our future.  But here is a way to buy without paying all the mark ups. I'm still a collector. And when I can find a company that doesn't gouge regular people, I find that worth sharing.

     

     

    Kathy

    Leo Lorenz
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    21 May 2017 01:39 PM
    Sure seems like you have a financial interest in the company being that your name is attached to the website.....
    Kathy Bullock
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    21 May 2017 06:37 PM

     

     

      Absolutely Leo, but does that make it any less legitimate. They pay me $1000. per week to let people know about this membership.

     

    You show me anywhere else that you can buy silver coins, gold coins silver bullion and gold bullion at spot price. Shouldn't everyone know they don't have to pay brokers and retail that moves thru four or five hands getting marked up the whole way?

     

    I'm not forcing anyone to do anything. Just giving another option. And by the way. Your Costco and Sam's club memberships are the same thing.

     

     

     

    Leo Lorenz
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    21 May 2017 07:37 PM
    All I can say is wow.....you said at first..."I was just sharing something that I've found to be very interesting." ....as though you are just another prospector......when in reality....you work for the company! I regularly buy gold from local pawn shops who have customers that bring it in for immediate cash.....they sell it to me at daily spot price. There are no markups. All the companies pushing gold have a marketing scheme starting with Goldline. I have no issues with that at all, they are in business to make money, and serve a purpose to offer a product for people who otherwise are not quite astute in the process. My point is.....I think you picked the wrong stage to toot your horn. 
    Kathy Bullock
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    21 May 2017 07:46 PM

     

     

    I do find it interesting. I am just another prospector. You are assuming I meant something else.

     

    As for tooting my horn, I'm a member of this group just as you are.  I have a right to post as I please.

     

    If you don't agree with my post maybe you should just move on the next one.  Instead of being so negative.

    Joseph Loyd
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    21 May 2017 08:17 PM
    They do have a section further down for people trying to sell stuff .This is not that area .Post it properly on the site.
    Leo Lorenz
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    21 May 2017 08:18 PM
    You are here to make a buck off your fellow prospectors.... if you are one.....
    Leo Lorenz
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    21 May 2017 08:20 PM
    I am sure there are quite a few other members that would agree as well....
    Tim Leibel
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    21 May 2017 08:26 PM
    Kathy,

    I have to agree with Leo on this one. Unless you are paying to advertise your business, back dooring through the forum is not cool. I have hopes the admin will delete this tommorrow. Call the office, I am sure they will sell you ad space and booths at the Gold and Treasure Shows.
    Kathy Bullock
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    21 May 2017 08:42 PM
    I'll be happy to remove it if it's not allowed. I wasn't trying to upset or offend anyone.
    Leo Lorenz
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    21 May 2017 08:51 PM
    Of course not....you were just trying to make a buck.
    Kathy Bullock
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    22 May 2017 09:04 AM

     

       Duh, doesn't everyone. Look in the mirror and tell me you don't. So why prospect?

    John Wood
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    22 May 2017 10:01 AM
    Kathy,

    Maybe you could set up a deal where 7K would buy the gold we find at a reasonable rate. That might make things more palatable.
    Kathy Bullock
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    22 May 2017 10:13 AM

    Thanks John,

     

    For having a positive suggestion.

     

    I know because of their buying power they deal directly with the mint. That's why this is a member only way to buy at spot price.

     

    I buy my silver coins here for that reason.

     

     

    Kathy

    Joseph Loyd
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    22 May 2017 04:15 PM
    I did notice that she did put the add in the right place as well .There have been many others who have advertise the buying and selling gold on here .Most buy at 80 to 85% of spot.I just sold mine at 85% of spot to a guy who is a member here as well.
    So I do have to defend this one .
    I have seen advertisements for as low as 75% of spot.That is when it really got started.
    Most of you were not around for the old forums 10 years ago .
    Joseph Loyd
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    22 May 2017 04:23 PM
    Hey kathy I was just wondering if you were on the old site .
    When some guy came on wanting to buy gold at 75% spot .It was another lady that set him strait.
    Kathy Bullock
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    22 May 2017 04:33 PM

     

     

    No Joseph this is the only site I've been on. Didn't think it would cause such a stir. I really am a member of a buyers club that

     

    buys gold and silver at spot. And if I let others know and they also become a member the company pays me for the referral.

     

    I just thought this would be a great place to start as I know we all have gold fever.

     

     

    Kathy

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    Leo Lorenz
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    22 May 2017 06:04 PM
    Joe there is a huge difference between an individual offering to buy gold on the forum here.....and someone acting as an agent for a corporation such as this. It doesn't belong here, and actually its really rude as well. I equate this to a family member trying to sell products to other family members. Like going to a family reunion and a distant cousin opens up his trunk of his car and starts asking the women if they want to buy some inexpensive jewelry or toys for the kids. But a sales rep for a corporation trolling the message boards, trying to earn commissions from members, that is low. And this company will likely NOT buy any gold you have to sell......unless you BOUGHT through their "program".


    Joseph Stasikonis
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    New Member
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    22 May 2017 08:17 PM
    Kathy, I have a 4 ounce bar of 24K smelted gold from computer chips I will sell you at todays spot price $5,007.60.

    Joe
    Kathy Bullock
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    23 May 2017 09:04 AM

     

      Leo Leo Leo,

     

      Pay close attention as I try and explain. This is a wholesale buyers club. Members and only members can purchase gold and silver at spot.

     

    They don't buy metals thru anyone but the mint. Your analogy of buying out of the back of a trunk makes no since. But that seems to be

     

    your whole thought process. No one is forcing anyone to do anything. Just putting it out there for those that might just be interested.

     

    I know I'm very grateful someone took the time to let me know.

     

    Really it isn't any of your business. If you didn't like the post then you should have just moved on.

     

     

    But you and I know that's just not something you are capable of. You're one of those guys that just has to put his nose into everything.

     

    Stir the pot.

     

     

    Kathy Bullock
    Greenhorn
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    23 May 2017 09:06 AM

     

      Leo Leo Leo,

     

      Pay close attention as I try and explain. This is a wholesale buyers club. Members and only members can purchase gold and silver at spot.

     

    They don't buy metals thru anyone but the mint. Your analogy of buying out of the back of a trunk makes no since. But that seems to be

     

    your whole thought process. No one is forcing anyone to do anything. Just putting it out there for those that might just be interested.

     

    I know I'm very grateful someone took the time to let me know.

     

    Really it isn't any of your business. If you didn't like the post then you should have just moved on.

     

     

    But you and I know that's just not something you are capable of. You're one of those guys that just has to put his nose into everything.

     

    Stir the pot.

     

     

    Leo Lorenz
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    23 May 2017 09:20 AM
    If it talks like a duck...if it walks like a duck....it most likely is a duck. You need to find a better place to push your company. I noticed as well this concept company started in 2016 and although it claims to have over 120 employees....which seems to include counting "agents" which are just individuals out trying to get in on the bottom tier of this multilevel marketing scheme. You didnt address the question....does or will the company buy my gold which I didnt purchase through your program??
    Kathy Bullock
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    23 May 2017 09:30 AM
    Yes, Leo I did answer it. THEY ONLY BUY FROM THE MINT. BUT THEY WILL BUY BACK THE GOLD THEY SOLD TO MEMBERS.
    Joseph Loyd
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    23 May 2017 06:10 PM
    Ok Kathy I have defended you to a point .And after reading some of your post I have some questions .You get paid for everyone you can get singed up.So what is the cost to join this association or club .To me it sounds more like an association than a club.As a club members have rights , As an association they do not .So how much do us people have to pay to belong to it and what are the annul dues for it .Give us some figures .Thats all I am asking.You said it your self you have to be a member to belong .WHAT IS THE COST.
    Benjamin Crain
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    24 May 2017 11:41 AM
    I can take some bronze rods and heat them with a torch letting them fall into water and you would swear it was gold nuggets. But that is not even the biggest problem these days. Currently there is a huge amount of gold coins and bullion coming out of China that is nothing more then gold plated tungsten, and the bars they just run tungsten rods through them to get the weight right. With silver you can do a specific gravity test to make sure it is real, but with the gold it's next to impossible without a very powerful x-ray machine.

    The best way to get gold is to dig it out of the river yourself, and once you have about an ounce melt it down into a Dore button. Then carry that button around with you and you will notice it seems warm, unlike gold coins, raw gold buttons have something about them that makes them warm, they possess something that not even .9999kt gold possesses.

    If you buy gold from anybody it needs to be raw or from a mint/refinery. Otherwise enjoy your Tungsten butt plugs.
    Leo Lorenz
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    24 May 2017 12:37 PM
    Amen.....Bill got it right.....I bet if you took a poll....very few prospectors have any desire to buy gold coins and bars from a company promoting investment gold. Anyone agree?
    Brad Lamb
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    25 May 2017 03:49 AM
    Posted By LEO LORENZ on 24 May 2017 12:37 PM



    Amen.....Bill got it right.....I bet if you took a poll....very few prospectors have any desire to buy gold coins and bars from a company promoting investment gold. Anyone agree?

    AGREED!

     

    Tim Leibel
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    25 May 2017 05:33 AM
    I can not believe this has not been pulled down as spam. Since the report feature is not working, I guess I will call the webmaster.
    Joseph Loyd
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    26 May 2017 08:52 PM
    Tim it is still posted in the proper place as well .Check it out.I did.
    I still have not heard from her on my questions .Just have to wait and see if she comes back.
    Leo Lorenz
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    27 May 2017 07:44 AM
    And the reason is....because her motive was revealed.....Look...she just signed up in March and she likely thought that this membership was a marketing expense to get access to people interested in gold. Did she post anything about her ventures prospecting? What type of detector does she run, or where does she prospect at? I know the answer to that......she is prospecting on the GPAA forum......thats where...!! She answered nothing concrete about the business except to go there and signup so she can collect her residual commissions. Its another multilevel marketing scheme.



    Kathy Bullock
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    27 May 2017 08:20 AM

      Leo like I've said before It's none of your business. This is a forum for members. I am a member. I've only been a member since March. Does that matter? I use the Gold Bug ll. Not that that is any of your business either. I spend six months in Arizona and six in Nevada. I love it because it gets me outside.

     

    Tim, I wish I could take it down. But I haven't figured out how yet.

     

     

    Joe , It is a buyers club. You pay an annual fee of $250.00 and that gets you the right to buy everything at wholesale. You don't have to sell anything.

     

    I joined for the silver coins. They also have a coin of the month club. Which I really like because its a mint condition collectors coin. If you don't want to buy the silver or gold and just want to share the membership. You can do that too.

     

    In my option Leo is an old lonely man that gets his kicks surfing the forum to see if he can get someone to talk to him. It is sad but it happens.

    Kathy Bullock
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    27 May 2017 08:23 AM

     

    JOE STASIKONIS

     

       You are as ridicules as Leo.

    Leo Lorenz
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    27 May 2017 04:41 PM
    So....lets play pretend here. I pay $250 for a 1 years membership (due annually) and I want to buy a 1oz gold coin. They are going to sell me a 1 oz gold coin that they 7K purchased via one of their "wholesale distributors" right? I can buy today 1oz American Gold Eagle coins at "spot" + $5.00.
    So at that rate, to make the membership work favorably for me I need to buy 50  1oz coins throughout the year to break even with the deal I can get buying just 1 coin outside of the program. And what does the membership do if I want to sell it 2 years later? Does it buy back? At what premium over spot? See its easy to buy gold, there are many companies out there "selling" with little markup over spot. The real test is who will buy it back, and at what markup over spot? The cost for a private individual to sell is ALWAYS much higher sometimes $50 over spot and more. So, and I am only assuming now, this membership is only a vehicle for people to BUY and gives them no means to sell? Right? How does the member know exactly how much 7K bought the 1 oz for me......in order for me to realize that I truly received a "wholesale" price......Are you saying we can buy at the spot price? As you said "You show me anywhere else that you can buy silver coins, gold coins silver bullion and gold bullion at spot price." If so.....I still would need to buy 50 ounces first as I said above, And most people will NOT be buying 50 ounces a year, let alone from a company that was just formed in late 2016 with no real track record.  I am not trying to make this a personal issue, I just believe as I originally stated, this is the wrong forum to push your products and although I may not agree with the "business model" it might be ok for someone. However since you presented it, I have a right to rebut it as well......as I am quite familiar with the gold market.
    Kathy Bullock
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    28 May 2017 11:14 AM

     

     

    Leo,

     

    You are absolutely right. If someone is looking to buy one coin per year, it's not worth the membership. But in the case of someone

     

    wanting to share the membership with others. It is possible to make five hundred or one thousand dollars a week. Five hundred when signing up four members and one thousand when signing up ten. No one ever makes more then that. So its not how many you sign up its how long to get to the maximum memberships. No one can make more then fifty two thousand per year.

     

     I signed up because I can get the coin of the month and buy gold or silver. I take the money I make and buy more metals. I don't have to sign up any memberships. All I do is share with people I talk to.

     

     

    Kathy

    Joseph Loyd
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    28 May 2017 07:10 PM
    This is not worth going any further with.Not for this old man .Not worth arguing about just let it go ,as the more you talk the more people will look at it .


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