WHAT WE OFFER
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GOLD BULLIONS - CAST BARS
Metal:
Gold in 12.5kg or 1kg Bars
Hallmark:
Internationally recognized hallmark (JOHNSON MATTHEY/HERAEUS/METALOR/MITSUBISHI OR SIMILAR)
Purity:
999.96/1000 (min)
Age:
More than 5 years
Minimum Trial Order:
400kgs
Minimum Monthly Order:
2MT
Maximum Monthly Order:
10MT
Delivery:
FOB Miami or New York
Origin:
West Africa, Non-criminal origin
Current Location:
Stock held in a prime custodian bank’s vault / warehouse; address shall be detailed in the Safe-Keeping-Receipt (SKR).
Contract Period:
12 months minimum. Maximum contract period is 5 years.
Price:
LBMA 2nd pricing of the day
Currency:
Legal United States of America Currency
Payment Guarantees:
USD WIRE ONLY WITH BANK GUARANTEE LETTER OF PROOF OF FUNDS
TERMS & CONDITIONS:
PURCHASE PRICE IN EUROS
PURCHASE PRICE IN EUROS
PURCHASE PRICE IN EUROS
Shall be, based on the Second Pricing of the London Bullion Market Association "LBMA" on the day of closing priced in Euros, as pegged to United States Dollars.
DISCOUNT
PURCHASE PRICE IN EUROS
PURCHASE PRICE IN EUROS
The Product is offered by the Seller to the Buyer, with TBD NET discount from the Second London Fixing of the price of gold per Troy Ounce as quoted by LBMA on the date of each respective Lift, Transfer, or Delivery to the Buyer.
WARRANTIES & PAYMENT GUIDES:
- WHEREAS; the Buyer confirms with full corporate authority and legal responsibility, that the buyer is Ready, to issue a PROOF OF FUNDS BANK GUARANTEE LETTER FROM BUYER’S BANK which shows that buyer has the financial capacity to pay for the monthly delivery of the gold after Assay.
- WHEREAS the Seller also confirms with full corporate authority and legal responsibility, that seller is Ready, Willing and Able to sell the said Gold Bullion Bars and provides Proof of Product, via SWIFT MT600 from the gold CUSTODIAN BANK, for the quantity of the order of Gold Bullion Bars to the Buyer's Bank Officer ONLY after receipt of the guarantor letter confirmed and authenticated from buyer’s bank officer.
- WHEREAS; After all verifications of the Commodity, and presentation of Sellers Commercial Invoice in the amount (in USD equivalent), equal to LMBA Price less Percentage Discount of TBD net of the purchase price, the Buyer shall instruct the Buyer's Bank to issue to Seller Bank an OFFICIAL WIRE TO FINALIZE payment to Seller's Bank Account in exchange for TBD of sellers, invoice for Full Title and Ownership of the bullion. All title and paperwork will be presented at time of the physical viewing/inspection of bullion for the buyer to look over and inspect as well.
STORAGES WE PROVIDE
Here at Global Minerals Position, we provide secure storage for your gold in 24-hour monitored depositories, ensuring maximum safety and peace of mind. Your assets are safeguarded in prime bank and warehouse vaults, offering world-class security and reliability.
Trust us to safely keep your gold in a protected environment, giving you confidence in your investment.
TRANSACTION PROCEDURES
- Seller issues official contract to Buyer.
- Buyer returns the signed and sealed contract to Seller and along with Buyer’s official LOI on buyer’s letterhead.
- Upon receipt of contract, Seller and Buyer will supply the completed set of contract documents to their respective banks for POF Bank Guarantee letter (buyer) and title ownership doc (seller).
- The buyer will instruct his bank to send Seller’s Fiduciary Bank the PROOF OF FUNDS PAYMENT GUARANTEE to the SELLER’S receiving account based on the first delivery of GOLD BULLION.
- Upon receiving, verifying, and authenticating, and validating BANK PAYMENT GUARANTEE at the SELLER’S FIDUCIARY BANK, seller will authorize GOLD BULLION CUSTODY BANK to issue Proof of Product by way of POP/SKR CERTIFICATE with FULL Bank responsibility issued in BUYER’S NAME by the custodian Bank via SWIFT MT 600-700, together with a Letter of Invitation to TTM to view and inspect the Gold (ATV) prior to delivery sent to the Buyer’s email address.
- Buyer along with an Assayer of Buyer’s choice will then be invited to the custodian bank/ security warehouse for tabletop meeting and a full physical viewing/inspection of the Gold Bullion Bars at the bank depository WITHIN (3) THREE BANKING DAYS after RECEIVING BANK PAYMENT GUARANTEE LETTER is verified and validated.
- After the physical viewing/inspection of the Gold Bullion Bars at the bank depository, Seller delivers the first delivery of Gold Bullion, if so required. The buyer can arrange to send the bullion to a mutually recognized refinery for Assay at Buyer’s expense. Once the buyer has settled the cost of the first tranche of Gold Bullion Bars with the seller, the Title of Ownership will be made to the new owner and all subsequent orders will be made in the same order as the first order.
- Buyer’s PAYMENT GUARANTEE verification shall be used for all subsequent tranches as agreed between Buyer and Seller following the same process: Full Payment for the subsequent tranches of Gold Bullion (via USD WIRE or MT103 ) in (2) two days against transfer of title of ownership of the delivery of each tranche of Gold Bullion Bars to buyer.
- Once all deliveries are completed to buyer for the contract period, the buyer’s BANK/SWIFT PAYMENT GUARANTEE shall be vacated unless both parties agree to extend contract.
DURING THIS PERIOD, THE FOLLOWING DOCUMENTS WILL BE PROCESSED:
- Certificate of Purity.
- Weight and size of each Gold Bar
- Certificate of Legal Ownership
- Serial Number per Gold bar
- Year of manufacture
- Certificate of Origin and Internationally accepted Assay stamp of the refiner
- Warehouse Safekeeping Receipt (SKR) from storage warehouse
- Commercial invoice or similar made out to the buyer
- Packing list and packing specifications
TRANSACTION CONFORMITY WITH INTERNATIONAL REGULATIONS:
The Seller and the Buyer each declare to one another that the commodity offered herein for sale and the origin of the funds used for purchasing the commodity do not contravene any of the following LAWS or any other illegal or criminal activity:
- The Drug Trafficking Act of 1986.
- The Criminal Act of 1988.
- The Prevention of Terrorism (Temporary Provisions) Act of 1989.
- The Criminal Justice (International Cooperation) Act of 1990.
- The Criminal Justice Act of 1993.
- Trade Secret of 1979: Economic Espionage Act of 1993 [18 U.S.C. 1839 (3)]
- The Anti-Terrorism Act and the Patriot Act l and ll.