Gold! · Asset Connect Global

Gold!

So a little story about me, as you’ll have seen from my first introductory post on here I’ve been into brokering for about 3 years now and spent the majority of that being passed around by Endless broker chains and outright scammers until quite recently where I had a big reset and went after the big players in various industries including gold.

That’s where I got into contact with a very valuable contact named Marcus, he currently has his own company that ‘re-mines’ the old gold mines across Africa but mainly in Tanzania.

Circa 90% of gold got left behind due to inefficient mining techniques and technology at the time which of course has completely changed now, and that’s where Marcus comes in and used new technologies to ‘go over old ground’

He also actively trades on the ground between the mines and the refineries in Tanzania, Ghana and Uganda so you could say he knows a bit about gold!

So let’s cut to the chase, again you’ll see offers of gold being passed around LinkedIn and WhatsApp with prices like $60k/$70k/$80k per KG and weights of 100s of KG even thousands in some cases, don’t forget this is an insanely expensive commodity for a reason, it’s rare!

There isn’t thousands of Kilos of this stuff lying around for sale or waiting to be sold, and even if there was who’s selling it with 30/40% discounts off LBMA!

If someone has gold for sale they’ll take it to a refinery and get damn close to market value for it, Marcus himself can supply it at -10% as a cash and carry deal because he personally mines it and we’re dealing in amounts like 1kg, 5kg, 8kg on a good month!

Then we come on to Dubai, again crazy discounts and weights are thrown around that simply do not exist!

Think about it, you’re in Dubai and you decide to sell off some gold, what do you do?

A. Ask some unknown broker off LinkedIn to sell it for you at a discount?

B. have it taken to a refinery or reputable dealer and get market price for it?

That’s the reality of this, there isn’t much gold in Dubai anyway and it’s rarely for sale so when it is it’s snapped up very quickly and quietly, it certainly won’t be posted on LinkedIn!

You want gold in Dubai? That’s great I can supply to you but it will cost a premium circa 2%! But guess what, you get what you asked for and it’s real!

And the final point, CIF/Delivery deals to Dubai, your buyer wants it brought in from an African country to his office in Dubai and he will buy it all as long as the price is right 🙄

Yes I’m sure he would, but let’s go back to the realistic pricing of gold, we can buy/produce it at around -10% in Tanzania for example and then sell it to the refineries in the very same country at -2% if not better, so why on earth would anyone go trekking around the globe with it and footing the costs of exporting it to anywhere at all?

So yes, you want gold in Dubai then I can supply it but please don’t waste your own and my time asking for discounts because they don’t exist!

If you want a cash and carry transaction in Tanzania Ghana or Uganda then we can do it, full payment after testing within the refinery and absolutely no payments outside before or after!

We buy and sell!

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