Frequently Asked Questions

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The minimum purchase is 1MT FOB from Miami or New York, with all title work completed at the designated custodian depository before the release of the bullion. In the U.S., the bullion is hallmarked, boasts 99.96% purity, and is less than five years old. 

The Gold bars come in the form of 1.0 kg & 12.5 kg bars.

Fineness – 99.9% or better.

Hallmarks – Internationally recognized and accepted.

Age less than five (5) years old.

All deliveries are up to buyer’s discretion for safe keeping. GMP can help with scheduling and securing Brinks or other secured armor security services to deliver bullion to buyers designated location or arrange to keep in seller's secured custodial bank location for a fee.

Buyer will be suppled with valid SKR for each gold bullion bar with each transaction.

The payment methods accepted are only USD in the form of commercial bank wires and/or SWIFT codes MT 760 or BCL as well as MT103/202

Buyer sends CIS with passport copy

Buyer is required to send bank letter of POF prior to meeting and verification of bullion.

Seller will provide POP (proof of  product) , SKR of each serial number Hallmarked bar, and Assay Reports of purity as well as title work of ownership all of which will be transferred to buyer at an invitation meeting to view proof of product, testing of product, and verification of proof of buyers funds. After all verifications from buyers and sellers side, the transactions between banks will occur. Once the bank’s verification of transfer money has been completed, the bullion will be released to buyer for shipment.

* No Pre-Payments

Seller and Buyer shall meet face-to-face in HSBC, Dubai where the Buyer shall show Proof of

Funds (POF), and in-turn the Seller shall provide 7MT AU as Proof of Product (POP) along with

all documentation.

During the transaction 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

Also during transaction process, the following will be noted:

TRANSACTION CONFORMITY WITH INTERNATIONAL REGULATIONS:

The Seller and the Buyer each declare to one another that the commodity offered 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 l