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Would you or anyone ship gold to us based upon our BG

Question

Under what condition, if we get to that point, would you or anyone ship gold to based upon our BG?
What are your terms and conditions?

Answer

We do not sell gold to third parties nor accept instruments as viable trade mechanisms…. and neither does anyone else for that matter.

We definitely don’t know everything, but from our experience and from our research no one ships gold to third parties based upon instruments such as Bank Guarantees (BG). African banks do not accept them, so that is as far as our personal experience goes.

From a practical standpoint, there are dozens of accredited gold refineries all over the world. If we didn’t have one near us, we would be looking to ship directly to a refinery and get top dollar. No one needs / uses third parties when it comes to gold. Why?

Gold is money and one only trades gold for currency when they need cash to further their mining efforts. The daily world value of gold is no secret, and even the smallest boy in the most distant village knows the world market price of gold today. Just like when someone trades one currency for another there is always a small fee associated with the transaction, not some kind of disproportionate discount.

Everyone somehow imagines that distant countries don’t have access to the world market and the fact is if someone can ship gold to you, they can ship it anywhere on earth…. so why ship it to you?

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