Hedrick Gold Purchases Using Fargo Gold Refinery for Testing

Procedure for First Time Sellers to Hedrick Gold Using Fargo Gold Refinery for Testing 

 
Thank you for agreeing to sell your gold to me.  Do not hesitate to reach out with any questions or concerns.   
-  Scott Hedrick, President & CEO of Hedrick Gold

The seller shall deliver an initial trial of 2 kg of gold to Fargo Gold Refinery, Entebbe, Uganda. The seller may bring up to 50 kg for the initial visit, subject to prior approval for any quantity exceeding 2 kg.

After the buyer purchases the 2 kg trial, the buyer will facilitate processing of any additional gold delivered that day, subject to the refinery’s available capacity. Any remaining gold will be processed the following business day, with a booking made for the next tranche.

Upon arrival, the seller books the refinery for the 2 kg trial and pays the $200 booking fee.

Fargo Gold Refinery smelts and tests the gold.

The buyer pays the seller for the 2 kg at the agreed price, less the estimated booking fee for the next tranche. 

*All booking fees paid by the seller or withheld from proceeds will be fully reimbursed by the buyer upon successful completion of the transaction as agreed.*

The successful test and purchase of the 2 kg serves as the seller’s Proof of Product. Payment to the seller in USDT constitutes the buyer’s Proof of Funds. The trial payment also provides the seller with funds for transporting subsequent tranches. 

The buyer will schedule and book all subsequent tranches according to the refinery’s availability. 

Here is an example of a 200kg transaction priced at $100,000 per KG:

*Day 1 - 2kg Trial*
- Seller brings 2kg to Fargo 
- Seller pays $200 booking fee to Fargo 
- 2kg is tested 
- Buyer pays Seller $190,400 ($200,000 for the gold PLUS the $200 booking fee reimbursement LESS a $9,800 deposit for the 2nd day booking fee of $100/kg x 98kg to be delivered) 
- Buyer pays Fargo $9,800 booking fee for 98kg transaction for Day 2
- Buyer pays Brokers

*Day 2 - 198kg*
- Seller brings 98kg to Fargo 
- Booking fee was prepaid previous day 
- 98kg is tested 
- Buyer pays Seller $9,800,000 ($100,000 x 98kg) 
- Buyer pays Fargo $10,000 booking fee for 100kg transaction for Day 3
- Buyer pays Brokers

*Day 3 - 100kg*
- Seller brings 100kg to Fargo 
- Booking fee was prepaid previous day 
- 100kg is tested 
- Buyer pays Seller $10,010,000 ($100,000 x 100kg PLUS $10,000 refund of booking fee deposit paid by seller on Day 1) 
- Buyer pays Brokers
 

Updated: 20-May-2026
Fargo Gold Refinery Purchase Procedures
CIF, Legal FOB, or Test and Pay  
Scott Hedrick - American Gold Buyer, WhatsApp +1.919.443.5135
I am a Direct Buyer and I Represent MANY Other Direct Buyers in
Dubai, Ghana, Uganda, Kenya, & Zambia