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*0KMT 8/5 bullion response

  • UK UK  
  • Last Updated:
    Posted on: 02 Dec 2024

Buyer Information

RFQ Details

Dear Mr Jimenez,

My name is Osama Kamal. I represent a legally appointed bullion buyer representative. In the bullion trade we work on Swiss procedure or a round table meeting at the sellerbank and we exchange there. This procedure will avoid unnecessary "chicken or the egg" merry go rounds with POF and POP which is not they way our procedure works. Our past performance as buyers is well documented and again this would be at a TTM within the seller bank where we would transact. Also I would only be interested in your FCO for 100MT as you stated to start with. We would not be interested in 20KMT at this stage.

Also for your records, we are not a chain and we would only be interested to inmate the discussions with the legal mandated representative of the bullion seller.
Forgive me for cutting it short, but we have had many people claim to have bullion and then we get similar procedures (which we term as broker talk) only to find they go shopping with our POF which sometimes costs in excess of US$ 10,000 and we end up with no goods.

So to summarise, we can either do this on a Swiss procedure ( internationally common place as a method to buy and sell bullion ) or a table top meeting at the sellers bank.

NON-DISCLOSURE and protection payment agreements will be signed with you and lawyers present on the day of the TTM before formal buyer and seller introductions.

Should you be interested to work on these procedures, then I would be delighted to hear from you.

My contact number in London is +*** 176 490.
My personal email is: xxxxx


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