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Clients that are seeking gold CIF to their refineries.

Question

I hope this message finds you well.  I would like to advise you of my current position in gold , mining, operations as such (iron ore)

I am affiliated with some very influential people in the business who have their own concessions in Africa – Ghana, Mali , Sierra Leone.

They take their gold and its presold to refineries, banks in Europe and in Dubai for spot or sometimes 2% over spot on all finished product.

I do have clients that are seeking gold CIF to their refineries.  I know this is asking a lot because gold typically does not have a discount. Can you be so kind as to advise me if you have the ability to send to one of my buyers in Dallas TX at approx 45-46 per kg?

If so, any quantity will do to build a relationship.

We are establishing our own facility in Utah to process iron ore bodies ~ very time consuming, equipment, engineering, logistics all have to be perfected but it should be fully operational by end of April

I look forward to your reply.

Answer

We have a refinery account with Dillon Gage in Texas. If I was going to CIF gold, I would simply CIF it to my account and not anyone else’s.

… and you are right, the entire gold production process at its core runs off of pre-buy or sponsorship investments. Anyone that is fronting all the money for their operations (investors or self financed) will demand top dollar for their goods… and that means there are no discounts available.

Gold is money … and money is ONLY discounted when you have to exchange it for other money. Likewise gold is only discounted when traded for cash.. but in either transaction the tolerable discount is small – always.

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