|GLGOLD BUYERS AGENT|
We buy Good London Delivery bars.
LET IT BE KNOWN THAT THIS WEB SITE
TO STAND AS AN LOI (LETTER OF INTENT)
FOR MY BUYER TO PURCHASE PROVEN 999.5/1000 OR BETTER GOLD WITH A RELIABLE SOURCE.
We do not buy alluvial gold, gold nuggets or any other form.
You must offer a quantity of gold (over 250 kilograms).
The gold must be under the control of a major bank or refinery that is reputable and credit worthy in your country.
The bank or refinery must be able to arrange shipping, insurance, export permits, import permits, refining and delivery to our bank or refinery (all costs are to the Seller’s account).
The bank or refinery must be able to guarantee us the quality, quantity, refining, delivery to our bank, discount and the delivery schedule.
After we receive your bank’s or refinery's guarantee we will send the bank or refinery our Irrevocable Purchase Order with full banking. Our Swiss Bank will guarantee payment (for the finished bars), on our behalf. The payment guarantee will be at your bank prior to moving the gold for refining.
Payment, for the Good London Delivery Bars, will be made within 48 hours of acceptance at our bank,
IF YOU ARE NOT THE SELLER OR HIS MANDATE DO NOT SEND ANY OFFERS.
WE WILL NOT LOOK AT THEM OR RESPOND TO THEM!
E-MAILS ABOUT GOLD
IF YOU DO NOT SEND IN AN OFFER ON THE SWISS BANK OFFER DOCUMENT IT WILL NOT BE LOOKED AT OR CONSIDERED.
GOLD BULLION BUYER,GOLD HALLMARKED,HE ONLY BUYS WITH SWISS PROCEDURES,MINIMUM PURCHASE IS 250 KILOGRAMS.
GOLD BUYING IS HIS BUSINESS AND NOT ANY THING ELSE.
GOLD BULLION IS WHAT HE WILL BUY AND THE SELLERS WILL BE PAID BANK TO BANK WITHIN 48 HOURS AFTER THE GOLD AND DOCUMENTATION CLEARS THE BUYERS BANK AS STATED ON THE SWISS BANK GOLD OFFER DOCUMENT.
ONCE THE GOLD BULLION IS PROVEN THROUGH THE SELLERS BANK HE WILL THEN PUT IN HIS FULL PURCHASE ORDER FOR THE GOLD BULLION AND HIS SWISS BANK WILL GUARANTEE PAYMENT FOR THE GOLD BULLION PRIOR TO SHIPMENT.
HE DOES NOT BUY GOLD FROM A PUSH CARTS OR TRAVEL TO SEE
THE GOLD.ALLTHE GOLD BULLION PURCHASES ARE DONE THROUGH GOLD BULLION BANKS OR ACREDITED REFINERIES.
AS OF JULY 11,2011 ALL PHONY OFFERS OF GOLD
BULLION AND SCAMS TO OBTAIN MY BUYERS BANKING, WILL BE REPORT TO THE AUTHORITIES, INTERPOL, SECRET SERVICE AND THE FBI. "BEWARE"
THIS IS STILL IN EFFECT AS OF 1/23/14.
ALL OTHERS DO NOT WASTE OUR TIME.
WE CAN TELL INTERMEDIARIES AND BROKERS OFFERS JUST BY THE WAY THEY ASK FOR CERTAIN
DOCUMENTS AND PAY ORDERS AND YOUR SWIFT 760 AND SBLC NONSENSE.
OF PAYMENT PRIOR TO SHIPMENT...
MY BUYER NOR I WILL TRAVEL TO BUY OR SEE GOLD.
My Buyer purchases gold on the following terms and conditions:
Rules that cover all scenarios:
GOOD LONDON DELIVERY BARS
Seller’s Bank or Refinery guarantees the total transaction to the Buyer’s Agent including quality, quantity, delivery and net discount.
Buyer issues his Irrevocable Purchase Order, with full Banking, for immediate closing. The Purchase Order will cover quality, quantity, delivery, discount.
Seller’s Bank or Refinery contacts the Buyer’s Bank for guarantee of payment and the lifting schedule.
Payment(s), less the applicable net discount, will be made from the Buyer’s Bank to the Seller’s Bank or Refinery within 48 hours of accepting the gold.
NON-HALLMARKED BARS (OR “OUT OF BOND BARS”) IN GLD FORM
The procedures are the same as GOOD LONDON DELIVERY BARS. The bars will have to be re-hallmarked through a recognized Refinery (at Seller’s cost). Seller’s and Buyer’s Bank(s) will determine the best way to handle this.
CONCENTRATE (92% purity or better)
Option #1 (quantities over 250 kilograms per lift)
Seller moves his gold to a credible bank in his country.
Seller’s Bank arranges shipping, handling, insurance, export duties, import duties, taxes, etc. and Refining (at a London Bullion Metals Association recognized refiner preferably in Switzerland).
Seller’s Bank confirms and guarantees the above to the Buyer’s Agent.
Buyer supplies the Seller’s Bank with his Irrevocable Purchase Order, with full banking.
Seller’s Bank contacts Buyer’s Bank for the payment guarantee and shipping schedule.
Unrefined gold moves to the Refining.
Good London Delivery Gold bars are moved from the Refinery to the Buyer’s Bank for acceptance and payment (payment to the Seller’s Bank, less the net discount and Refinery charge will be paid within 48 hours of acceptance from the Buyer’s Bank to the Seller’s Bank).
Weekly, monthly or whatever roll overs will be handled the same.
Option #2 (quantities between 100 kilograms and 250 kilograms per lift)
Seller moves his gold to a London Bullion Market Association recognized refinery in Switzerland with Buyer’s Agent shown as the end user.
Upon arrival, the refinery assays the gold and estimates the final amount of Good London Delivery bars.
Refinery contacts the Buyer’s Agent for an Irrevocable Purchase Order, with full banking (from the Buyer).
Buyer issues Purchase Order to the Refinery.
Refinery contacts the Buyer’s Bank for the guarantee of payment (from the Buyer’s Bank) and the projected delivery date for the refined gold to be delivered to the Buyer’s Bank.
Gold is refined to GLD bars and delivered to Buyer’s Bank for payment.
Weekly, monthly or whatever roll overs will be handled the same.
Option #3 (quantities between 5 kilograms and 99 kilograms per lift)
Seller moves his gold to a refinery in Los Angeles, California, U.S.A. for refining to Good London Delivery size and purity (not Hallmarked).
After refining Buyer will pay Refinery and Refinery will pay the Seller.
It is recommended the Seller (or his Representative) accompany the gold through processing and final payment.
Payment will be made within 5 days of receipt at the Refinery (depending on the date, time of day received and quantity received).
There will be no Buyer’s Bank guarantee of payment in Option #3 (the expenses incurred do not warrant the Banks involvement).
THINGS TO KNOW IN ANY GOLD TRANSACTION
The Seller has complete control, of his gold, (through his Bank or Refinery) until the gold is paid for. He will spend no money until the acceptable guarantee of payment has been received by his Bank or Refinery from the Buyer’s Bank. The exceptions would be Option #2 and #3 on small quantities.
The Buyer has complete control of his money (through his Bank) until money is traded for the gold. He will spend no money until he has an acceptable guarantee of the total transaction from the Seller’s Bank or refinery (to him and then accepted and lodged in his Bank). The exception would be Option #3 where the Buyer will pay for the gold after Refining.