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Posts Tagged Sell Gold

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.

Available gold supply to the Nigerian market

Question

I will like to have a very long time business relationship with you in respect of your Gold products. Am in Nigeria and I wish to be your representative here in Nigeria. I have customers over here and you will make good sells .

Answer

Thank you for your inquiry, however we do not sell gold outside of Ghana, and we do not use brokers / need brokers to help us sell gold. Gold buyers are certainly everywhere, including Nigeria, however serious gold buyers understand that they need to be as close as possible to the location that the gold comes out of the ground to have the best chance to buy gold.

With this idea in mind, many gold buyers have come to Ghana to set up gold buying offices. There are gold buying offices in every city in Ghana near where gold is found. The market is saturated, and I wouldn’t even suggest that you go to Ghana and try to buy, but you should certainly go and see the density of gold buyers first hand – then you will understand.

Gold supply for serious gold buyers in Dubai

Question

I’m the CEO of the Company in Dubai UAE. We have really serious buyers for gold in Dubai. Can you offer?

Answer

We do not supply gold to buyers that do not have offices in Ghana. Gold buyers are everywhere, especially with gold at record prices… no one can simply buy and sell gold and expect to make a living these days – there simply isn’t enough extra supply.

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.

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 sell us gold via Cash Against Documents procedure?

Question

Good day,

Hope that you are doing will, kindly please inform if you have experienced export on CAD payment ( Cash Against Documents) that includes the assay report of the buyer’s refinery, if yes then we are ready to cooperate and purchase all of your production to our client in USA whom is a Joint Venture company to a Prime bank.

Awaiting your kind reply.

Answer

The gold trading method you request is illustrated quite well here >> Cash Against Documents Procedure

Firstly let me say that gold is cash and is only traded for fiat currency when absolutely necessary. Having said that, what you are asking is to treat gold as if it was a common commodity such as sugar, cement, fuel oil, etc. – and it is not.

Please follow the link and look under the “cons” section there are 5 cons, but we can just look at the first one. 1) Banks don’t verify the transaction nor the documents and they do not guarantee any payment will be made by the buyer.

You are asking us to send a tangible asset for the promise of payment by you not a bank. Now who would take that risk?  – Not us or anyone we know.

 

Procedures you work with regarding selling gold

Question

Hope all is great with you .
I would like to know what type of procedures you work with regarding selling AU. I’m direct to a refinery mandate that is looking for product .
Thank you

Answer

Thank you for your inquiry. No offense, but we do not sell gold to third parties through brokers. Thankfully we don’t have to as there are dozens of buyers in Ghana with convenient gold buying office locations in every city where gold is found.

If we desired to send gold to a refinery, we can do so at any time – and so can anyone else that has gold / mines gold. We simply do not because there is no need. Cash buyers with office locations are everywhere in Ghana!

We need Gold and we are looking for Seller Mandates

Question

Could you please recommend some Real Seller Mandate for us?

Answer

In short  there are absolutely no legitimate “seller mandates” for gold.

Unlike other physical commodities, no one that has gold needs the help of a sales person to sell it. Gold is MONEY unlike sugar, cement, oil etc. all other physical commodities. There are not places on earth that will take delivery of hard commodities and immediately exchange them for cash unless it precious metal or possibly diamonds.

Seller mandates are simply brokers that are either scammers themselves, or have been unwittingly lured by a scammer and are perpetrating a scam that they are unaware of. The opportunity to make money drives good people to think they are actually a part of a legitimate supply chain, when in fact none of these “mandates” have even been to a mining site in their lives. They in fact think that they can sit behind a computer and find sellers to become “mandates” for and yet never truly vet the source, visit the country, and make sure the supplier is legitimate. Because if they did, they would find that who they are believing in are only scammers.

 

We Want to buy Gold – What do you have available?

Question

WE WANT TO BUY GOLD BAR 24 carates or pure 999.99 IN GOOD QUANTITY in india I am broker so please send your product details, and bank to bank deal details.

Answer

Sorry but we don’t sell gold, but if we did we wouldn’t need to use a broker. For most operations gold is traded for cash to pay for ongoing expenses, at a small discount much like when you exchange money from one currency to another – there is always a small “service fee” for the exchange. Gold is easily traded for cash at no more than a 3% discount below it’s daily value all over the world.

Can we help sell your gold?

Question

Hi , I work for a company in Switzerland which is a commodity broker. I’m wondering if you are using any broker for your business in connecting buyer and sellers of your commodity projects.

Answer

We appreciate your inquiry however we do not need a broker to help us sell gold. I’m not sure about other commodities, However No one really needs a broker for gold transactions. Anyone that mines gold will seek to sell it for top dollar directly to a gold refinery.

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