These procedures are in effect for all refineries we use to test gold we purchase.
**We do not pay booking fees until the seller brings
either a handful of nuggets or 1 bar with weight totaling NOT less than 500grams into the refinery for pre-testing**
*Cash & Carry Purchase Procedures*
Due to the high percentage of gold sellers failing to show up and fake gold sellers, I do not pay booking fees until we have actually physically verified that a seller has gold and that the gold is at the refinery or close by.
*Verification of the Gold*
When a seller arrives at the refinery, the seller is to take a handful of nuggets or 1 bar (total weight NOT LESS than 500grams) into the refinery for pre-testing. That gold will remain in the refinery to be smelted with the rest of the consignment for purchase. Once the product is verified by the refinery as genuine gold, I will instruct the refinery to issue the booking slip. After the booking slip is issued, the seller is to bring the remainder of the gold into the refinery. The gold will be smelted and tested. After the refinery sends me the testing results, payment is made to the USDT wallet provided by the seller. Seller side broker commissions can be sent directly to the broker or their paymaster.
CIF Purchases are by Special Arrangement ONLY