Tuesday, June 11, 2013

OUR GOLD BARS BUYING PROCEDURE.....

: Hello my friend, There are more than 20 million dollars available to me to purchase gold in Accra. I have to take advantage of this opportunity now. I am expressly soliciting your support and participation, to secure as many sellers as possible. Please understand the money does not belong to me personally. I only have the use of the money. There are certain conditions that must be met in order to access the money. 1. The true owner of the funds will only allow me to use the money where I can get the gold at a minimum of 5% below its true value (LMBA- impurities-discount). That is not a problem because I buy gold at a 10% discount to make money. 2. There are only two refineries in Ghana that can be used: Sovereign Commodities, Ltd and PMMC. Quite frankly, most sellers do not want to go to PMMC. I personally think PMMC is the safest place in all of West African to do the gold trade. At the end of the day, it does not matter what I think, the only thing that matters is what the seller thinks when it comes to the gold being delivered. a. Do not mention AA Minerals, Bar Purity and EAR Logistics. If Sellers want to transact at those venues, we wish them all the best, however, we will not do business there. Again, it is either Sovereign Commodities or PMMC. Right now I can buy a half of a ton of gold at $36,000 per kilogram. However, I would never suggest that to a seller because it seems too much like “pie in the sky,” thus, I suggest that we start with 20 kgs. The seller allows us the opportunity to prove ourselves by paying him for his gold. Then, we increase the amount of gold immediately that we want to buy from the seller. He has already gone through the process and have been paid. If a seller wants to come from one of the neighboring countries, that is fine, and in fact, we will reimburse him (or her) for reasonable travel expenses. After we pay the for the gold, we offer another payment for travel costs. We will not send money to a seller for travel costs in advance. Most sellers will take the money, run off, and never deliver the gold. In fact, no upfront money for anything. Here are some hard facts about what we are doing: 1. The price has to be $36,000 per kilogram based on today’s closing price. You can do the math and come up with the ratios, formulas, etc. as the market continues to decline. Some sellers are out of the market. The fact of the matter is most small and medium scale miners are not capitalized to the point they can afford to be out of the market. Let’s make sure we provide sellers the truth, integrity, candidness. In short, I have seen too much outright lying. Just because sellers lie, that does not mean we should reciprocate, let’s always tell the truth, even if we loose the deal. 2. Commissions are 1K per kilogram. Whether it is the buy side or sell side, whether there are 2 people or 20, the commissions are 1K per kg. 3. We must deal with legitimate sellers, not agents, uncles or representatives. Representatives cannot make decisions for the true owners and too much time is wasted on foolish and nonproductive meetings. Let’s get to the true decision makers. 4. We are up against the wall in terms of time. Tell the sellers they have to be on time. We have no time to waste. I am trying to get a little R&R with my family in Washington, DC, however, I have to cut that short and get back to work in Accra. If we do not use this money soon, it will be employed in other endeavors by the true owners of the funds. Quite frankly, we are at the point where we use it or loose it. 5. Proof of funds will be done ONLY WHERE THE SELLER IS WILLING TO BRING THE gold to the bank. If the seller is not prepared to do that, then there should be no discussion about proof of funds. 95% of all sellers will not do so because they do not want to take the risks. No proof of product, no proof of funds. The gold must be delivered to the refinery. As buyers we will not deal with security houses and other third parties (i.e., chiefs, princes, soothsayers and the like). If the seller is not able to get his product to the market due to outstanding charges owed to a security house, then let’s not waster our time. While we have the greatest respect for African culture, business is business. If the seller is too high and mighty to come to the refinery, let’s not waste our time with them. 6. Please sit down with the sellers (owners) and get some clarity on the above points. To many intermediaries simply want to pass along phone numbers and not do any real work. At the end of the day, everyone’s time is wasted. It is better to forego a deal if you cannot get an agreement on the above points than waster your time, the sellers’ time, and my time. For now, time is money. 7. Payment: cash or wire transfer. Gold must stay at refinery after smelting and assaying. It cannot be moved. We can have the bank to bring the money to the seller. Alternatively, the seller can go to the bank to get his money. However, after the gold has been smelted or assayed, it cannot be moved. This is a difficult point for many sellers. We just have to tell them the truth, if they cannot accept this then, we cannot buy their gold. Please note, I will be in Accra, on the ground in the next 7-10 days, June 20th at the latest. Let’s start lining up sellers now. I have to travel to Liberia and London prior to getting to Accra. Believe you me, the heat is on, it is crunch time, and it is time to rock and roll on the gold. For my unschooled Asian, Australian and European brethren(and sisters) , the foregoing phases are colloquialisms that are roughly translated to mean, “ time is of the essence.” Do your work and do it well. If the seller does not want to agree with our conditions, leave him alone and let’s only work with people that truly want the money. Cash is always king! If you need to reach me, you already know how, otherwise you would not be receiving this communication. Thank you for taking the time to read the foregoing and I look forward to working with you. Nothing would give me more pleasure than the wire the commissions to you. PRAVESH (PAT) BHANDARI . E-MAIL :- PRAVESHBHANDARI@GMAIL.COM , E-MAIL :- pravesh.bhandari@aol.com MY SKYPE ID...... PRAVESHBHANDARI http://praveshbhandari.blogspot.com/2011/11/nov-9-bgsblc-mt99-icbpo-mt760-no.html http://ssnntvds1.bloombiz.com/ http://www.teambuildingproject.com/ http://goldtradeofcana.diytrade.com/

1 comment:

Unknown said...

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