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Posts Tagged Cif

Will we supply gold CIF?

Question

We are   looking for serious Sellers of listed below products with following terms;

  • 50-100kg of Gold  per week with delivery CIF Warsaw-Poland,
  • Copper cathode CIF Hamburg-Germany in the amount of 22MT to 100MT per month
  • Diamonds CIF delivered to Zurich-Switzerland

Please note that we are interested only in CIF offers, without any preliminary payments or prepayment fees. Serious and determined entrepreneurs are welcome to cooperate.

Answer

We do not supply gold to third parties, but if we did it would never be CIF.

Question

Why?

Answer

No one is going to send you gold “CIF”.

CIF is an Incoterm term – http://en.wikipedia.org/wiki/Incoterms – referring to sea transportation by ship, which is always secured through a bank instrument, usually a letter of credit, and including the presentation of the official documents (bill of lading, commercial invoice, insurance document plus certification of product and certification of origin) which the buyer has to pay for.

The correct term you for the method you are looking for would be “free assayer/refinery” or “free tax free warehouse” or “free airport” plus “payment after assay”.  NO ONE that mines gold would ever just “CIF” gold anywhere unless the person receiving it was somehow involved in the mining of it… or unless they pre-paid / sponsored the mining operation, or unless you are a well known refinery – and refineries are not hard to find. http://www.lbma.org.uk/good-delivery-list-recent-additions

Real buyers of raw gold arrange meetings with the sellers; check the goods, get the gold into a security warehouse (and possibly check again) and then pay.

Furthermore it takes millions of dollars in equipment to mine millions of dollars in gold and only a publicly traded company has the ability to mine such a volume of gold and a publicly traded company would never sell gold to a third party – they would only sell directly to a refinery … which again are not hard to find – http://www.lbma.org.uk/good-delivery-list-recent-additions

You are wasting your time chasing your tail with such a request. NO One has that much “extra gold”, only well funded publicly traded companies that own millions of dollars in equipment can produce that much gold per month, and finally NO ONE is going to send you gold via the method you THINK you understand.

 

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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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The ultimate Gold Dust and Gold Dore buying procedure for Brokers

Question

What is the “Correct CIF GOLD procedure / transaction” according to you ?

Answer

You will simply not find anyone to CIF you gold. Period. You cannot use POF instruments to buy gold. If you actually go to where gold comes out of the ground you will understand that is is SOLD before it is even mined. Those that have the funds to purchase the equipment to get the gold out of the ground control the gold. Do you think gold is just lying around in bricks and bars? It takes millions of dollars in equipment to get millions of dollars in gold out of the ground. There is no “extra supply” Gold buyers with cash in hand scour the globe looking for gold… yet brokers that think they are smarter than the game sit and troll the internet looking for stupid sellers that will CIF gold based on POFs and bank instruments… and all that does if fuel the scammers to keep putting out fake offers.

Here is a wake up call – every single offer for gold dust and gold dore “for sale” anywhere on the internet is 100% a scam!

You want to waste a year or two fielding fake offers while becoming an expert at what you think are real procedures -then you are on the right path. here you go – take a look here >> http://www.ecplaza.net/mt799–everything.html

You might as well be asking for FCOs from sellers of Unicorns and Big Foots. It’s ALL fake!!

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.

Will you supply Gold on a CIF basis, MT799 to our refinery?

Question

I’m representing buyers in Germany, Czech and Dubai, and I am looking for additional sources who can supply. As is see you have your options would this be possible with you? CIF basis, MT799 to refinery etc etc.

Answer

We get this question all the time and the answer is a simple no. No one will ever ship you gold CIF unless you have invested in the mining operation…. and I mean no one. Why?

CIF stands for Cost, Insurance and Freight. Basically you are asking someone with gold (a real tangible product) to send you gold, pay the shipping fee and the insurance based upon an MT799 which is nothing more than a Proof of Funds. That is like me saying, let me send you my bank statement, and you send me thousands, hundreds, or millions of dollars worth of gold, and we promise to pay you! If the gold was yours, would you do that?

The fact is that anyone that has gold can CIF it to any refinery on earth, so why would they CIF it to you / your refinery? They won’t.

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