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Posts Tagged Bush

Trade gold in the bush in Ghana

Question

Hello, am happy to write you this mail, let me be straight to you, yes there are false sellers in Ghana especially the online guys, they are all fake, i have encounter so much with this scammers and i wasn’t able to get a real sellers. I gold buyer comes to Ghana and wanted me to help him buy gold, i brought most of the so claim gold sellers to him but since they got to know that, we are going to PMMC or AA minerals then they don’t want to. Now am looking forward to partner with a good buyer who might be ready to help me go to the bust and make a better offer to them but first of all, we need to put up a company which will be in regard of purchasing and we can smelt it right there and from community to community we can bring all of them under our group and they wont come to the city to  sell because they got a good offer from us. I hope to hear from you so that we talk about this more.

Answer

We have already tried that idea. The problem is the price as well as the distance to Accra or Kumasi to sell the gold. Not only that, but the profit is @ 3% which is hardly worth the effort.

Question

OK thanks for  reply but i want u to know that, u have not buy directly from the bush,you need a whole lot of miners who are will be ready to sell for you and all u need is your gold weighing machine and u can smelt it right there as well but i want to know where you are right now,are you in Ghana?

One thing i want you to you is that the more you buy the more you make the profit because you don’t expect to make profit whiles you only bought 1kg of gold and about the distance,from Tarkwa to Accra is not all that far and moreover you don’t need to go to the bush,that will be done by me and some few people we might employ to help we out,we can make money out of this,i know and with you as a white man and your personality,you can arrange for sales at refinery at AA minerals and we can make a lot of money.

Answer

We were offered the opportunity to participate in a gold buying office in Dunkwa. We looked over the math and figured out the BEST anyone could profit is 3%. 3% of $10,000 USD is $300.00 USD. With the Police road blocks, fuel, and general hassle involved + the risk, it is not a business that is worth our time. It is way too easy to lose your money and or your gold in such endeavors.

The only way to make real money in the gold business in Ghana is to mine it.

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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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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Is it legal to just fly in to Ghana and buy kilos of gold?

Question

We are miner’s agent and work directly with Ghana local miners to buy gold from them and
export to clients at a very good discount rate, without any intermediary involved.
We have the capacity to produce and gather 20-50kg of alluvial gold dust/gold bars every
month. We are now looking for only serious direct buyer who can travel to West Africa Ghana
to inspect and test products on FOB trade basis, are you a buyer or do you know any buyers to refer to us?

Answer


Here are some facts:

It takes a monumental effort to by gold where it is found – many hours down bad roads away from Accra.

Most miners sell their gold in either Tarkwa, Kumasi, Bibiani, or somewhere in between because Accra is HOURS away from where the mining occurs.

Even in remote areas there are gold buying offices paying no less than 5% below the world price.

There is no way you are buying gold at a discount big enough to take the time and go through the logistical hoops required to buy gold “in the bush” and then take it all the way to Accra to sell to foreign buyers – because there is simply too much competition and the price is too high for that to be profitable.

The only conclusion is that you are drawing in buyers that don’t understand all of what was just said in order to scam them in some way…

We are in no way “competitors” because we, just like everyone else that really has gold in Ghana, sell it to the closest legal buyer paying top dollar…. AND you failed to mention that it is ILLEGAL for foreigners to just fly in and by gold. You have to be licensed to do so!

See “buyers” with real money that don’t know the rules can come to Ghana and lose their money to scammers like you because you know that it is illegal for them to buy and have the gold on them. It is real easy to take both the gold and the money – all you have to do is pay off a few “professionals” and your scam is complete.

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