Gold Sellers
- We have Buyers who can purchase up to 5000 kg of Gold Dust/Nuggets/D’ore bars a Month.
- We have Buyers who can purchase up to 100 MT of Non GLD. Amounts exceeding that can be bought by syndicates.
- We have a list of Investors interested in Joint Ventures with Gold mining companies.
- All our Buyers have registered accounts with LBMA certificated Refineries is various parts of the world.
Gold Dust, Nuggets and D’ore Bars
Gold Dust and Nuggets range from tiny gold particles to quite large lumps or nuggets of impure gold. Gold varies in colour from one part of the world to another. Impure gold at this raw stage also has different types of other metal in it such as silver and platinum.
Gold Dust and nuggets have a typical gold content of between 35 and 85% in purity. D’ore bars are usually 2 kg of roughly refined gold that has been crudely smelted down to achieve a purity level of between 92 and 98% purity.
In order for gold to be classed as GLD Bullion it must be sent to an LBMA certificated Refinery where it is smelted down to a purity level of 99.995%, then assayed and hallmarked. It is at this point that it becomes classified as GLD Bullion and is treated as cash and becomes part of the world’s monetary system.
download gold dust processing form
see gold dust procedures flow chart
Bullion - Non GLD
GLD Bullion over a period of time starts to disintegrate very slightly. Therefore GLD Bullion only holds its full monetary market value for 5 years. Thereafter it becomes Non-GLD. There are large amounts of on-Gld deposited around the world. Owners can send it direct to an LBMA Refinery and for much less than 1% of the consignment value they can have it smelted down into GLD again. Alternatively, Sellers can contact us deirect to facilitate this process in return for a discount on the full LBMA price.
According to the LBMA global trading statistics, 7,782 tons of gold was traded globally in 2008. With the average trade at just 1/3 of a ton.
Payment Terms accepted
As an example, one of our buyers in the USA favours:-
- Buyer’s Bank sends a draft LC ( POF) to the Sellers Bank.
- Seller will issue a 2% Performance Bond (PB) from his Bank to the Buyers Bank
- Buyer will respond by opening an LC for 30 days to complete the transaction.
Please note that opening an LC costs a lot of money. Therefore the 2% PB is there to protect the Buyer in case of non-performance. The Draft LC is POF as it cannot be sent from one bank to another without the funds being in place.
Banking Instruments:
Our Buyers have informed us that their banks have put out warnings over the following types of Banking Instruments:-
SBLC: Standby Letter of Credit: Potentially unsafe and much favoured by the scam artists because there are ocassions when such an instrument could allow Sellers to draw down cash before a Transaction is complete. None of our Buyers will accept SBLC’s.
MT103/23: Another banking instrument much favoured by the scam artists. Technically it can mask the details and subsequent records of the Seller in a transaction. Not favoured by our Buyers.
Click here to see a sample Full Corporate Offer (FCO)
Click here to see a sample Sale and Purhchase Agreement (SPA)