We receive emails daily from clients who want to buy Gold online with the following lines ”payment after assay report. No fly to Africa, No payment outside fees. no bank instruments, no upfront payments”.
Below is a sample email we received just days ago
we are dealing with a genuine buyer in TÜRKİYE, its a company, it`s seeking to buy gold bars, delivery at TÜRKİYE Airport. payment after assay report. No fly to Africa, No payment outside fees. no bank instruments, no upfront payments.
who interest to make business please inbox me. the contract for 1 year or more.
if you are a broker or Seller want the company comes down to Africa, or pay outside fees, or use bank instruments, or pay flight tickets or visa cost or any kind of payment outside TÜRKİYE.
please do not waste our timeselam. Please we should note that we are talking about Gold, a precious and highly sort after metal which can be sold anywhere at anytime without any loses. Nobody will take their gold and fly oversea, incurring all costs when they can easily sell at their mines to the Chinese at the same world market price.
Authorization of Spot Shipment
If you are Looking to buy Gold dore bars or Diamond from Cameroon then you must get the Authorization of Spot Shipment Document. This is done after the seller must’ve registered the gold for transport with a courier and then send you the complete Shipping Documents.
This will be only for the first tranche shipment as all subsequent shipments will not demand this document.
The cost of the Authorization of Spot Shipment Document varies based on the quantity of the consignment and this money is paid directly to the treasury account by the Buyer.
After the presentation of the Authorization of Spot Shipment document, the courier will now begin with the delivery of Gold to the Buyer’s Refinery anywhere in the World.
Cost of the Authorization of Spot Shipment Document
The cost depends on the quantity of gold or diamond.
1-30 Kilos= $4000
31-50 Kilos= $7000
500-1000 Kilos= $18,000
For Rough Uncut Diamonds:
10-50 Carats= $3000
51-200 Carats= $6000
201-500 Carat= $8000
501-5000 Carats= $10,000
5001-25000 Carats= $15,000
The Authorization of Spot Shipment was implemented to fight against trafficking of Precious metals which has led to deaths and kidnappings in the mining regions.
According to law the government gets 3% from all gold deals and this document which is issued by the State is to recognize the buyers and mandates with whom the sellers are dealing with, to know the exact amount involved. It is also a means of security to both parties in case of any unforeseen circumstances.
Summary of how a Gold trade in Cameroon should look like
- Contact a Genuine Seller
- Agree on Price and Sign a contract
- Seller registers shipment with courier company and sends you all the shipping documents, registration and taxes.
- Buyer Pays for the Authorization of Spot Shipment to the Treasury and sends the document to the seller.
- Seller shows the Authorization of Spot Shipment Document to the Courier who then effects transportation
- Goods arrive Buyer’s Refinery
- Seller Gets paid after final Assay Report.
Anything that is not the above is a scam and you will surely lose money.