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Is this Gold Offer a Scam?

Question

I hope you are well. I have been following your comments about NOT buying gold dust what do you think to the attached offer and the emailed offer from a person in Ghana below do you think this is real or fake? Have you come across this person before?

I have a refinery account in Dubai but she is saying she does not have a representative here and wants to meet in Amsterdam   my question would be why does she need another agent in Dubai when her agent is traveling with the 50 kilos of gold dust and can easily travel to Dubai as Amsterdam , why does she want me to pay 48,500 euros to cover costs from Ghana when we can refine the gold at the refinery and pay her the whole amount within 48 hours of refinery it does not add up to me.

What do you think does it? I will call them later but I would like your thoughts before I do.

Answer

Firstly let me say that it is ILLEGAL to export gold dust from Ghana, and pretty much every other country. Why?

Each government sets the export tax for all commodities leaving the country. The ONLY way to quantify and qualify the exact gold content of an item to be exported is to weigh it on a gravity scale. A density scale will tell the exact gold content vs. all other trace elements, thus the tax can be determined. There is no way to do this with gold dust. Not only that, but gold is not often produced in dust form unless the operation is large and sophisticated.

Dust is how the gold is found in the ground (vs. nuggets) as dust makes up 99% of all gold pulled out of the ground globally, however to separate gold from black sands is TYPICALLY done with mercury especially in Africa. This is called amalgamation. Take a look at the pictures on my site and you will see gold “balls” and “biscuits” that is how the raw gold looks after amalgamation, before it is melted into bars. Gold dust is extracted from black sands using a vibrating table such as the MSI vibrating table seen here  

These tables are costly, not easily obtained, require a concrete floor to be bolted to, a cover from the elements again only a sophisticated operation would have the cash to set up to retrieve “dust” from the black sands.

If you were the owner of an operation that has the equipment to recover dust from your production, are you going to sell it for big discounts? No. Gold dust also still contains a percentage of garbage that burns off during the smelting process as well. No Buyer is going to buy dust because the weight of dust includes the weight of the garbage. That is why refineries will only pay for either bars, or after the gold is smelted into bars. If that is how all refineries on earth do business why would you handle you business any differently?

So as a matter of deduction, ALL offers for gold dust are assumed to be 100% fake.   If a gold seller refuses to turn their dust into bars, then they are definitely looking to scam you.

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