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Buyer Mandate request for for CIF Gold to Dubai

Question

Dear sir, we would like to receive your SPA, CIF Dubai, no bank. I am buyer mandate.

Answer

Thanks, but we do not sell gold via the method you requested and as far as we know no one else does either. SPAs (Sales Purchase Agreements) are not used by anyone that has gold they are looking to trade gold for cash. Furthermore no one will ever send you gold CIF unless you are involved in the mining operation. You can sponsor mining operations via pre-buying the production or buy purchasing equipment to boost production.

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