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Gold Selling

Gold Dore and Gold Dust

We offer a gold purchase program for gold dore and gold dust sellers.

We have contracts with refineries in Italy, UK and Dubai to allow safe receipt of any product sent or delivered to us.

We also have many private buyers looking for a constant supply or a spot deal on smaller amounts.

 

CIF

Our procedures are simple and mandatory.

1) Contact us with the quantity, purity and type of Gold you wish to sell.

2) We find a seller and agree a contract giving the price and procedures to be signed and returned. We will counter sign and return it.

3) Gold is hand carried or shipped to the refinery at the SELLERS cost (Any import costs must be borne by the buyer). This will require documentation covering ownership and export rights. This is done on a small trial tranche to minimise sellers costs.

4) The Gold is fire assayed with full payment made within 72 hours.

SIMPLE.

Once this trust is established further shipments become easy as the procedures are known and both parties have liquid capital to continue.

In case you were crazy enough to ask. WE DO NOT PAY ANYTHING UP FRONT. I dont care if its taxes, duties, plane tickets or $50 for a hotel, nothing will be paid! We pay a much higher price for Gold delivered on a CIF basis and this is designed to cover the transportation costs and expense of the seller within the final price. This is normally in the region of $5000 more per kilo to reflect the extra work undertaken.

A fire assay is required on the WHOLE amount, dont expect to show us a bag of several kgs and then test a 20g sample. We test 20g we will pay you for 20g!

Where an MT / LC / SBLC or BG or similar is required dont even bother writing to us, from 100's of experiences they don't work, whether they are non operative or with a performance bond attached. I don't ask the bank if they've money before I go to cash in a cheque, don't ask us if we have money either, over 7 years in the business prove that!

 

COLLECTION

A secondary method is for one of our private buyers (or an authorised representative) to travel to Africa to meet. This only happens in very rare circumstances and assuming that strict conditions have been met. (normally done at the sellers expense)

We will expect you to supply full proof of product with banking responsibility or SKRs from a reputable warehouse. Also company documentation showing previous transactions, legal ownership and licencing along with passport copies.

All contracts for the transaction MUST be completed before a visit is made. We do not accept negotiation on anything once we are there.

Due to the extra cost and risk undertaken by a buyer in this circumstance the price is normally at least $5000 less per kilo than on a CIF basis.

 

FRAUD

Inevitably there are many fraudsters out there in this volatile and burgeoning market, attempting to take advantage of this commodity and its high price. We have two simple rules to follow in this market to minimise fraud.

1) If you are a seller we are fully trained Level 4 fraud investigators and should you be found to not comply with the law you WILL be added to the blacklist for Gold trading. See page GOLD FRAUD

2) If you are a buyer, come to us! We are experienced gold dealers and fraud investigators and can arrange a transaction with you to minimise the risks associated with this kind of transaction. We got offers daily and less than 1% pass our due diligence. Can you afford to lose 99 out of 100 times?

 

6 comments

  • Visit site
    August 30, 2013 1:47 amPosted 3 years ago
    Lateef

    I have been offered 5kg from Albert Nyogi an Kalozoweni Company Ltd. I have notice that their specs have changed three times on their assay reports. Eric kasongo works with Albert and asked us to send them money to ship to any destination. What has been your experiences working with this group. Do the Tanzanian Government know about them? Please advise.

    Reply
    • August 30, 2013 8:54 amPosted 3 years ago
      Barnaby Milbourn (Author)

      No its 100% a scam, you will never see that gold if you send the money, please read the gold fraud page for more information.

      Reply
  • Visit site
    April 10, 2016 6:00 pmPosted 5 months ago
    Brian

    What is the percentage shipping gold from Dubai to USA.

    Reply
    • April 10, 2016 10:37 pmPosted 5 months ago
      Barnaby Milbourn (Author)

      It depends on the method of shipment and varies considerably, but expect to pay around 1.5% in insurance and about the same for the shipment. Then of course you have paperwork and tax charges on top if its dore not bullion.

      Reply
  • Visit site
    June 10, 2016 1:17 amPosted 3 months ago
    Moses

    What reputable couriers can be used to ship from Africa to Europe, USA or Australia?

    Reply
    • June 10, 2016 9:19 amPosted 3 months ago
      Barnaby Milbourn (Author)

      The 2 most well known and trusted couriers (and to be honest the only worthwhile ones to use) are Malca Amit and Brinks. Both have presence in Africa and work regularly out there. They also have offices covering Europe, Australia and the USA to allow for easy delivery. A point to remember is that NO companies (including the 2 listed) guarantee your product, ie, neither will say that its definitely gold, they will just ship the product they are given. So it is not a guarantee of purity or even product, just a guarantee to deliver what they were given in a specified time to a specified location with adequate insurance. Do not be fooled by any sellers claiming otherwise, if they are given 1 tonne of golden coloured lead, they will deliver 1 tonne of golden coloured lead.

      Reply

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