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  • USA USA  
  • Quantity Required: 500 Metric Ton
  • Last Updated:
    Posted on: 21 Jun 2022

  • Buying Frequency: Weekly

RFQ Details

I work directly with the authorized reps of 2 major Gold Buying groups that can buy Good London Delivery (GLD) bullion up to 500MT per week.

Acceptable price range at 8% Gross/6% Net or 9% Gross/7% Net.

They exclusively use Swiss Procedures, without physical inspection or testing, sold under full banking responsibility of the Seller's Bank. Bullion Officer-to-Bullion Officer, that is, gold bullion registered in the banking system or "non-system" gold whose owners, in order to assist the sale of their GLD assets, are willing to arrange for their Bank to confirm the Au metal with full "bank-to-bank" responsibility. The Seller's stock must be held, FOB-ready, in Bank-controlled storage or a LBMA-approved and accepted GLD storage facility or internationally recognized gold depository.

We do not purchase unproven GLD bullion that requires physical inspection, testing, re-assaying and re-refining, as necessary, to confirm the metal's true assay. Nor do we purchase unprocessed gold. No dore gold, gold dust or gold nuggets. No future production contracts. No CIF delivery. No financial guarantees or security deposits required. We use bank to bank procedures. NO TTMs, NO bank closings, NO ledger to ledger settlements, NO up front BCLs or ATVs, NO collateral payment. We will, however, sit down with the Seller to sign contracts if needed. POP/POFs exchange to be conducted rapidly and simultaneously, as the Seller and Buyer bank officers deem appropriate, without any contractual stipulations that Buyer POF must move first.

They prefer that the Seller submits either a soft corporate offer or a Full corporate offer using the template forms provided by the Buyer and must include the requirements listed above. If the Seller will follow that simple procedure the Buyer will buy all that is offered.

We deal with Seller Rep or Mandate only, no broker chains. Brokers Protected.

To get the Buyer template forms contact Dan Stanton