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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.

The Vatican is buying gold?!!

Question

Hi,  how are you , hope you will be fine by the grace of God !

I have real buyer for Gold, and interested to buy B2B , please contact me if you have quantity available for sell let me know , buyer is from the Vatican.

Answer

And I guess they are looking for a discount? If you are coming to us to supply the Vatican – that shows how rare Gold really is! All I can say is WOW…. the Vatican can’t find gold?! No Way.

 

Gold in Ghana, you want to buy it?

Question

I have Gold in Ghana, you want to buy it? …as promised I have enclosed an offer from a mining group in Ghana. They would like to set up a meeting to discuss this transaction.

I have CC’d the mandate on this email. Please let us know if you have any questions.

Reply email confirmed that the sender of this question has never done business with the “mandate” before …

Answer

Please don’t be offended, I had to ask because I feel you are just wasting your time my friend.

I first went to Ghana backed by a 60MM dollar fund and couldn’t buy 1 kg of gold. I met with the director of the PMMC on several occasions and the BEST I could verbally was a 3% discount but the conditions of the arrangement involved the transfer of money to the PMMC with no guarantee of delivery!

I will just say that there are gold buying offices in every single city (and some villages) in Ghana. There are over 85 registered buying companies in Tarkwa alone for example. The gold is usually sold to the closest location near where the mining site is located. Kumasi, Obuasi, Dunkwa, Bogoso,Tarkwa, etc. It is too far to drive to Accra and one would only do that if they were going there for other reasons.

I have chased too many fake gold deals in Ghana. We found the only way to get gold at a discount in Ghana is to mine it!

Clients that are seeking gold CIF to their refineries.

Question

I hope this message finds you well.  I would like to advise you of my current position in gold , mining, operations as such (iron ore)

I am affiliated with some very influential people in the business who have their own concessions in Africa – Ghana, Mali , Sierra Leone.

They take their gold and its presold to refineries, banks in Europe and in Dubai for spot or sometimes 2% over spot on all finished product.

I do have clients that are seeking gold CIF to their refineries.  I know this is asking a lot because gold typically does not have a discount. Can you be so kind as to advise me if you have the ability to send to one of my buyers in Dallas TX at approx 45-46 per kg?

If so, any quantity will do to build a relationship.

We are establishing our own facility in Utah to process iron ore bodies ~ very time consuming, equipment, engineering, logistics all have to be perfected but it should be fully operational by end of April

I look forward to your reply.

Answer

We have a refinery account with Dillon Gage in Texas. If I was going to CIF gold, I would simply CIF it to my account and not anyone else’s.

… and you are right, the entire gold production process at its core runs off of pre-buy or sponsorship investments. Anyone that is fronting all the money for their operations (investors or self financed) will demand top dollar for their goods… and that means there are no discounts available.

Gold is money … and money is ONLY discounted when you have to exchange it for other money. Likewise gold is only discounted when traded for cash.. but in either transaction the tolerable discount is small – always.

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