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Posts Tagged Gold Dust

Just lost 50k trying to buy gold from Ghana

Question

I was just recently swindled out of $50k, trying to buy 50kg of gold dust from a guy named Kwame of Golden Age Mining Centre.

They pulled the switch-a-roo on my transporter in a London warehouse. I’m ashamed to even mention it. My transporter was partially responsible as he didn’t follow my explicit instructions. But I have a buyer for a long term contract. His funds are sitting in an account as he moved them when I was in the process of the delivery. Now we are waiting.

Let me know what we can do together. Thanks

Answer

Sorry to hear about your trouble, but the result you experienced is all too common. I have met no less than a dozen groups / individuals that all have the same story totaling millions of dollars in lost funds.

There is absolutely no discounted gold coming out of Ghana, not at a discount that makes it profitable to simply buy and sell gold. Gold buyers are everywhere, and unfortunately there is not going to be a way to keep the buyer you have in place. The best thing you can do is to give his money back and tell him that it didn’t work out for whatever reason.

Good Luck.

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.

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.

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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