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Posts Tagged Accra

Just got scammed in Ghana – I should have listened

The following is a conversation with someone that has been interested in going to Ghana on a gold buying expedition. He finally got the adventure he was looking for ..

[3:50:59 PM] MY FRIEND: I just lose my face in Accra they scam me, I know you warned me, but I didn’t want to hear all your old advice. Very bad in Accra now. I go to police and nothing

[3:51:41 PM] ME: so you went there and lost money?

[3:52:09 PM] MY FRIEND: I lose money and ticket and hotel now need 500$ to leave. Been waiting on the police 10 days now. I go to Dubai and then Accra after meet the buyer and borrow money for the documents and this man 3 years with me online now I am sure all scam only.

[3:53:23 PM] ME: Wow. I did warn you buddy – for years

[3:53:41 PM] MY FRIEND: ohhh yea

[3:55:25 PM] ME: so what happened?

[3:55:58 PM] MY FRIEND: same story but with other way, they come to me from Benin with fake gold. I take deposit of gold and pay $9000

[3:56:28 PM] ME: no testing? acid?

[3:56:35 PM] MY FRIEND: after I try check it find it sand. They switch it

[3:56:47 PM] ME: yep. That is how it’s done. The police will not help you. All they will do is take money from you – and from the crooks too if they catch them. The government will not help either

[3:58:05 PM] MY FRIEND: ohhhh.

[3:58:29 PM] MY FRIEND: I dream back anything. I borrowed the money from friend in Egypt

[3:58:41 PM | Edited 3:58:51 PM] ME: Their mentality is that it is your fault – for being greedy. They really do not blame the scammers. They blame you – no matter what they might say to you. That is how their culture is. Sorry buddy – you got off better than most… some have lost a whole lot more.

Seller in Ghana that will bring gold to AA Minerals

Question

I went 13 times in Ghana to buy gold. I paid my registration to ASAP VASA and AA MINERALS. I met hundred of false sellers and even the real sellers make the scam in parallel. With my partner we lost 350,000 euro. I also met German people which has his mine at 250 km of Accra with many heavy machines but does not find a lot of gold, Ghana it is very hard for the business.

If you know a real gold seller in bush which agrees to go to AA MINERALS to smelt the totality of gold, thank you for informing me about it, you will have your commission. Thank you in advance.

Answer

There is no way to make money from simply buying and selling gold in Ghana.

If a seller is willing to bring gold to Accra from the bush, they would more than likely sell to AA Minerals before they would sell to you anyway as they have the reputation and facilities.

Also, AA Minerals pays 3% below world market price… They will sell to you at 2%, but unless you need gold for manufacturing, there is no way to make money buying and selling gold at those prices.

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Gold bar, dust, the quality, quantity, procedure, and price

Question

Please send me the information about gold bar, dust, the quality, quantity,  procedure, price (CIF/FOB) and commission.

Answer

We do not sell gold to third parties. No one that works in the gold trade in Ghana who actually has gold, needs any help selling it – therefore there are no broker commissions ever paid. In Ghana there are gold buying offices in every large city such as Accra and Kumasi as well as every other smaller city such as Bibiani, Obuasi, Dunkwa, Tarkwa, Bogoso and every city in between.

It is ILLEGAL to sell gold dust in Ghana, so don’t ever be fooled into attempting to buy gold dust. 100% of all gold dust “sellers” are fake. They use many methods to part you from your money and leave you empty handed.

No one will ever offer you gold CIF. Anyone offering gold CIF should also be considered a scammer. Anyone that has gold can trade some for cash and ship it anywhere in the world. Gold miners demand top dollar, as anyone that has the money and ability to mine gold would…. If it was you would you sell your gold at a discount? No you wouldn’t.

We found all this out by actually traveling to Ghana in an attempt to buy gold a few years ago. I wish you the best of luck… but if you are trying to find gold “sellers” to work with as a broker and make a commission, you will only find scammers.

Gold Dore supply to Ghana Gold Refineries

Question

Do I understand correctly if I say that you supply gold dore to refineries out of Ghana?

Answer

There are many small scale mining companies that sell their production to the buying companies in the cities we work in on a daily or weekly basis. They are not “refineries”, they are actually gold buyers with legal offices set up in every city in Ghana where gold is found.

If you are going to ask if we can supply gold to you, the answer is we don’t supply gold to third parties – and the reasons are many. When the need arises to trade gold production for cash, it is to pay for expenses such as fuel or labor. This need is immediate and the local buyers have cash available and their offices and they are open every day. The going price the local buyers pay is 2-5% below the world market price every day all day.

Not only that, but the only place to ship gold out of Ghana is Accra, which is a minimum of 6 hour drive from the main gold bearing locations where we work. It simply is not worth the effort.

300 kilos of Gold Dore Bars for sale – PMMC procedures

Question

I have been sometime in this net, and there are many scam offers, I have tried several times, and at the end, or no gold or ask money in advance… at the end… I have a offer for Gold Bars (+300 Kg) at 40,000$ (no discount) the SCO say that is possible also via PMMC procedure are you interested?

Answer

The PMMC is for SMALL SCALE mining. The director of the PMMC will tell you that any offers over 50kgs are 100% Fake and 99% over 10kgs are fake.

24k gold is at @ $53,500 per kg right now and 22k Dore is about 92% Pure Gold so each 1kg bar contains about 920 grams of pure gold. 920 x $53.50 per gram ($53,500 / 1000) or $49,220 worth of pure gold per bar… so that means your guy is selling for a 18% discount. ( 1- 40,000 / 49,220 = .18)

The BEST discount I have ever seen in Ghana is 5% discount “bush price”. In Accra or Kumasi – 3%. Don’t be fooled – this “offer” is 100% Fake.

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