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Looking forward to contact serious Gold sellers

  • Mexico Mexico  
  • Quantity Required: 20000 MT
  • Last Updated:
    Posted on: 08 Nov 2024

  • Destination Port: Top 25 banks
Buyer Information

RFQ Details

We look forward to contact serious Sellers who would like to establish formal negotiations with us, as we aim buying Gold (Au Metal) in GLD Bar Form, PURITY: 999.5 or better, HALLMARK: Internationally accepted. PRICE: 2nd London Fixing of the London Metal. Swiss procedures are to be strictly ***** further information, please send your contact details.

PROCEDURE:
1. Seller sends Full Corporate Offer (FCO) to Buyer.
2. Buyer answers FCO with a Full Corporate Positive Answer (RWA) or LOI and sends Fee Protection Agreement with an unsigned Purchased Contract to Seller.
3. Seller completes and signs contract and returns it to Buyer.
4. Buyer signs contract and returns it to Seller. All above done electronically on the same day, if permitted by time zones.
5. Seller sends a copy to buyer of the Safe Keeping Receipt and a Letter to his banker or warehouse manager giving him instructions to allow buyer to verify the existence of the gold and the pertinent information on said gold. The reason behind this request is that any person buying any gold wants to see it and verify it before paying for it. Having verified existence of the gold, buyer gives seller a Bank Issued Proof of Funds.
6. Seller instructs his Bullion Officer to set a window time with Buyers Bullion Officer and meet in the Bullion Depository to close the transaction The gold must be in GLD system and the documentation must conform to LBMA standards. Timing for the total transaction from start to finish should be 48 to 72 hours.


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