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  • Sudan Sudan  
  • Last Updated:
    Posted on: 14 Nov 2020

  • Buying Frequency: Weekly

RFQ Details

Valued Partner,

Brokers, especially honest and intelligent ones, are the lifeblood of the commodities industry but they are only pushing paper if they do not have a real buyer.

I will gladly entertain offers from any broker. But, brokers need to understand what is required of them. At the end of the day, the buyers make the deal. A brokers job is to find offers that the buyers want.

Sellers cannot eat oil , diamonds or gold. It is the buyers that determine the rules of the market. It is the buyers money that is being spent. Sellers and brokers do not receive any money, until the buyer has paid his US$ and is satisfied. Sellers are at the behest of the buyers.

Typically, some sellers expect buyers to pay their tax responsibilities or invest in their unproductive processes. They are un-bankable, yet they demand non refundable Bank Instruments. Others are simply trading without licenses. They either operate illegally, or they are merely highly opportunistic.

If you are able to find an offer that I like, I will immediately require a conference call with either the seller, or his Mandate. The call is to determine the merits of the offer, not to receive contact information. For this reason, I do not mind who is on the call with us. You are welcome to introduce us, and stay with us during the conversation

If, after the call, I feel that we can move forward, I will issue a fee agreement to all involved, and at that point, I will require the sellers contact information. I will then work directly with the seller. The brokers job is now completed, and he/she will be paid through the fee agreement if the deal closes.

If you are unable, or unwilling to set up the call until I jump through hoops, the offer will be rejected.

If you send me any offers that say the sellers procedures are " non negotiable ", again, the offer will be rejected. If the seller insists on using his procedures, then he should buy the gold. If the seller is not buy