7K Metals Review – (2021) Legit Important Steel MLM or Pyramid Con?
There has been buzz relating to this precious metal MLM company and I made a decision to have a deeper look.
Odds are someone approached you about the business opportunity or their precious metal products and now you landed here to be sure it's legit.
What's promising is I am planning to walk you through the 7K Metals products, company and compensation plan which means you cam make the proper decision.
Just PAY close attention and read this to the end…
7K Metals Review (MLM Company)
7K Metals is a US Idaho based MLM company that specializes in precious metals.
The 7K Metals founders are Zach Davis, Josh Anderson, Richard Hansen, Roger Ball and Sam Cooks (CEO).
When it comes to see in network marketing, Zach David and Josh Anderson have a lot.
Zach Davis first learned the ability of referral marketing as a college student.
From his first experience on the market to his newest he has helped thousands of people realize their ability to produce a more significant contribution to the world.
Josh Anderson got his first taste of network marketing at the age of 21. He surely could build a big team that dedicated to other people's success. That team reached over 18,000 people in its first year.
In 2008 Josh, influenced a new MLM company that in 120 days grow to 9,000 people, of which time Josh end up being the CEO of the company and lead the company to over 26,000 distributors.
Back 2011, Davis and Anderson together ran a training company called Black Ink International.
Anderson cites himself since the CEO of JD Premium from 2009 to 2011.
JD Premium promoted a selection of nutrition and personal maintenance systems and the company was power down by Roger Ball in 2015.
Zach Davis served since the JD Premiums Chief Marketing Officer from 2009 to 2011.
Along with running Black Ink International with Anderson, he was also an affiliate for Paycation in 2012.
What is 7K Metals
7K Metals is a Multi-level Marketing company that provides memberships that give people use of precious metals such as gold, silver and bronze.
The MLM company believes it can help members achieve financial freedom by investing their wealth in gold and silver.
In addition they talk about how they feature the most affordable precious metals in the market.
7K Metals Products
Like any legit network marketing company they much offer products or services to customers.
7K Metals hottest products are the following:
- American Gold Buffalo 1 oz. coin ($1,845)
- Pamp 5 oz. gold bar ($8,800)
- Royal Canadian Mint 100 oz. silver bar ($2,000)
Here are more best-sellers they're offering right now…
7K metals isn't the only company in this came and plenty of other companies offer similar range of metals such as goldsilver.com.
Not only that, there are other MLM companies that provide similar products such as:
- Fluorescent Sand
- Real Gold
- Karatbars International
- Global InterGold
7K Metals Compensation Plan
7K Metals affiliates get going that can either buy precious metals or sponsor other affiliates and earn a commission.
Commissions within 7K metals is paid via a binary compensation plan structure.
Position in a binary can be filled directly or indirectly by team or downline members.
7K Metals commissions are paid on the subscriptions fee's which are tracked through points:
- purchase of a Regular affiliate ($249 a year) generates 100 points
- purchase of a Premium affiliate ($499 a year) generates 150 points
- purchase of coins by recruited affiliates generates 20 points (cited as a normal amount)
At the conclusion of every week 7K Metals adds up all the new points produced on both parties of the binary team.
For every single 500 points matched on both parties, there's a $500 commission paid.
You will see caps with regards to the following criteria:
- Associate (recruit and maintain at the least two MLM commission qualified affiliates, split one on each side of the binary team) – $500 weekly commission cap
- Copper (recruit and maintain at the least four MLM commission qualified affiliates (two must be Associate), split two on each side of the binary team) – $1000 weekly commission cap
- Bronze (recruit and maintain at the least six MLM commission qualified affiliates (two must be Copper), split three on each side of the binary team) – $2000 weekly commission cap
- Silver (recruit and maintain at the least ten MLM commission qualified affiliates (two must be Bronze), split five on each side of the binary team) – $3500 weekly commission cap
- Gold (recruit and maintain at the least sixteen MLM commission qualified affiliates (two must be Silver), split eight on each side of the binary team) – $7000 weekly commission cap
To be qualified to earn commissions in the binary compensation plan you must produce at the least 20 points every 32 days.
Any left volume or points is carried over to another pay period.
How Much Does It Cost To Join 7K Metals?
You have two membership options you are able to choose from.
7K Basic Membership
Pay $249 annually for a 7K basic membership and get access to precious metals at wholesale cost.
7K Premium Membership
Pay $499 annually for a 7K Premium membership and gets you everything in the 7K basic plus much more.
For instance, not just would you get access to precious metals at wholesale, now you may get wholesale pricing on 1 Silver Eagle Coin, 1 Medallion, 1 World Coin, 1 Silver Round Coin, and an annual Business Builder credit as inclusions.
Now unlike the rest of the 7K Metals reviews out there I am planning to answer some tough questions that could be in your mind…
Is 7K Metals A Scam
The 7K Metals scam actually doesn't exist but that doesn't mean this provider is without flaw.
What I do like about the company is it's offering you an item that can appreciate overtime.
Also some of the products are extremely competitive but Used to do notice they're sold-out far more often on the 7K Metals website go now.
Maybe they ought to stock more on that?
During the time of this review the buying price of Silver was around $17 so that is below market that will be good…
It's just it's sold out…
Is 7K Metals A Pyramid Scheme
When it comes to 7K Metals compensation plan structure, I'd recommend them offering more retail incentives to help keep them out of pyramid scheme territory.
This doesn't mean it's a pyramid scheme, but to help keep them safe specially with the FTC I suggest that.
I understand they do have a 7K Metals coin of the month, but they need to do better…
Conclusion
7K Metals does most things right in regards to network marketing, however, there must be some improvements.
I think with the improvements I suggested this provider really can hit the next level in this space.
Plus the competition in this niche is quite stiff and you really need to take action different to stand out.
Just in the network marketing space there are many other companies that provide similar products and compensation plan.
So why is 7K metals much better than those?
Not much really…
I guess which brand resonates you with the best…
I really hope you enjoyed my 7K Metals review and when you have any questions, feel free to ask in the comments below…
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Usually I don’t write these kind of reviews but this time I just want to protect people from future scam… because these croocks aren’t going to stop I know it for sure. first time they have contacted me I invested 1000€ they said they will be able to make more than 100% profit per month it was of course hard to believe but I had free money and decided to try it out (Because I thought I can withdraw it back whenever I want anyways) well after I invested they have traded on my account and as promised were making more than 100% gain per month (Only now I understand that it all was fake platform and fake profit) anyways after some month they proposed me to invest a very big amount of money just for 1 month to make 100% gain and then withdraw so I believed them and put in 150 000 EURO. Quite obviously after I sent the funds I haven’t heard from them for almost 2 weeks until I started ringing all the possible bells they have also locked my account and requested all kinds of documents, after weeks of trying to communicate with them it wasn’t working out and I couldn’t get any money. in search for help on how to get my money back I was directed to contact Mr Bogdan sovar who work with crypto currency authorities, I contacted him and explained my situation to him, he requested for some details about the broker and concerning my investment, I forwarded all the details to him. it was all like a dream, through him I was able to get back all my money, please don’t sit back and cry when you facing difficulties in withdrawing your profit or you totally lost your funds to any Broker or Account Manager, kindly contact Mr Bogdan through his email address: bsovar7@gmail.com I assure you a successful funds recovery.
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