Gold buying procedure | Gold / Silver / Minerals (Sellers) | NCNDA.org 

Gold buying procedure



Gold / Silver / Minerals (Sellers) Published date: July 7, 2019



OPTION 1 - CASH & CARRY / F.O.B. GHANA
a. This is our first choice of transaction.
b. Buyer arrives in Ghana under Seller’s invitation.
c. Seller makes the gold available for viewing and testing at a mutually agreed upon Refinery, and buyer shows proof of funds before assay is conducted
d. Buyer makes payment after testing and sealing.
e. Seller transfers Title and Ownership of the gold to the Buyer.

II. OPTION 2 – QUASI CIF
a. Buyer arrives in Ghana under Seller’s invitation.
b. Seller and Buyer arrange a meeting to establish the terms and conditions of the Quasi CIF transaction.
c. In this instance a deposit is payable by the Buyer after testing. Parties agree on the amount.
d. Seller makes the gold available for viewing and testing at a mutually agreed upon Refinery.
e. Buyer seals the consignment after testing.
f. Seller and Buyer place the sealed (by Buyer) consignment in a Secure Warehouse under Joint Custody OR at Fidelity Bank under Joint Custody.
g. Seller waits for buyer to make payment of the agreed upon deposit.
h. Export documents are applied for as soon as Deposit clears in the Bank.
i. Seller and Buyer Party depart for Buyer’s Destination Refinery.
j. Gold will be tested, and Buyer pays for Nett Weight of Pure Gold MINUS the advance deposit made.
k. Seller transfers Title and Ownership of the gold to the Buyer after payment confirmation.

Call on 233205375033 or email me on maxwelljejey@gmail.com

Time wasters are not allowed to call or email me if your intension is to play by your own rules and not adhere to the procedures above.




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