Have You Heard of American Gold Reserve?
If you follow the network marketing industry, or the potential economic collapse then you have probably heard or will hear about American Gold Reserve. American Gold Reserve is the newest kid on the block on the precious metals MLM scene. The question at hand is, will American Gold Reserve buck the trend of failed bullion MLM’s or will they follow the path of their predecessors. If you are considering MLM, Becoming an American Gold Reserve affiliate, or just purchasing gold and silver from an AGR rep. Get the truth about American Gold Reserve before making any decisions.
American Gold Reserve Overview
American Gold Reserve is an MLM company that offers gold and silver bullion products. Its products include rounds and bars of several sizes. All of American gold reserves products are minted at Old Glory Mint located in Northern Utah. Old glory mint is owned by the same group that owns American Gold Reserve. American Gold Reserve’s missions statement as it reads on their website is as follows “Simply stated, our mission is to put as much gold and silver as possible into the hands of as many people as possible, as easily as we can, and at the lowest possible price. We will accomplish this by making it possible for people to (1) purchase gold and silver at a great price from people they trust, and (2) earn a commission by helping others to do the same thing. “
How to become an American Gold Reserve Affiliate
It’s quite simple. There is no fee to sign up. As it currently states verbatim on the American Gold Reserve website there are two ways to become and affiliate.
“1. Become an American Gold Reserve customer by purchasing a product from our website. Then, obtain an Affiliate ID and personally introduce a new Customer to AGR. Following the new Customer's purchase, your Affiliate status will be activated, you are placed into the 3×9 Matrix under theAGR Reward affiliate who enrolled you, and you will be eligible to earn commissions and overrides on all future purchases by all customers you introduce and affiliates you enroll, as described above;
2. Do not purchase anything. Simply obtain an Affiliate ID and personally introduce two (2)new Customers to AGR. Following the second new Customer's purchase, your Affiliate status will be activated, you will be placed into the 3×9 Matrix under the Affiliate who enrolled you,and you will be eligible to earn commissions and overrides on all future purchases by all customers you introduce and Affiliates you enroll, as described above.” As you introduce more people to American Gold Reserve additional aspects of their compensation plan become available.
The Basics of American Gold Reserve’s Compensation Plan
- American Gold Reserve pays out 80% of the margin/spread above “spot price” in Commissions to its affiliates.
- Compression and Roll Up built into the 3×9 Matrix Software. Each of the 9 levels in the 3×9 Matrix pay out 5% commissions.
- Three Generations of Matching Paychecks: 50% / 25% / 25%
- 5% of ALL Sales go into Company Wide Bonus Pool
So How Much Money Can I make with American Gold Reserve?
Well, this is the big question. And truthfully, only time will tell. Traditionally bullion MLM’s have run into a very basic problem. Mark up your product to much and you have priced yourself out of the market, maintain competitive pricing and there is very little money to compensate your reps. Ultimately volume will be the determining factor as to whether or not American Gold Reserve affiliates can generate some sizeable paychecks. There is very little forced volume as an affiliate is only required to purchase…or sell around $80 of AGR product in order to be eligible for compensation in there 3×9 matrix. So the question remains will a great deal of people be buying from American Gold Reserve, and furthermore will they be buying quantities that considerably exceed the monthly requirements.
My Take On American Gold Reserve
After listening in to some of AGR’s conference calls and speaking with some of their affiliates I have carefully formed my own opinion on American Gold Reserve. Here is the deal, if you are looking for a life changing income only time will tell whether that American Gold Reserve can be your vehicle to achieving it. There is very little money to go around, so major volume is going to be necessary. That being said, the demand for gold and silver has never been higher, so American Gold Reserve’s timing is certainly ideal. I don’t see American Gold Reserve as the home for those looking to make a massive income in MLM. I look at American Gold Reserve as a vehicle for people to help themselves and help each other get the best pricing possible on gold and silver. Look at it this way, if you were buying $200 of competitively priced gold or silver and receiving any size commission check whether it be $5 or $100 you are now offsetting the price you paid for the gold or silver, and in turn getting gold and silver cheaper than anywhere else. Likewise, you can save money on your taxes by having a home business. Consider that another discount on your gold and silver. Plain and simple, if you were already buying gold and silver then AGR makes sense, if you are thinking about buying gold and silver then AGR makes sense, if you are looking for a full time income and beyond in Network Marketing then AGR does not have my vote, but time may prove me wrong.
To Your Success,