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ONCE THE GOLD BULLION IS PROVEN THROUGH THE SELLERS BANK HE WILL THEN
PUT IN HIS FULL PURCHASE ORDER FOR THE GOLD BULLION AND HIS SWISS BANK
WILL GUARANTEE PAYMENT FOR THE GOLD BULLION PRIOR TO SHIPMENT.
HE DOESE NOT BUY GOLD FROM A PUSH CARTS OR TRAVEL TO SEE THE GOLD.
ALLTHE GOLD BULLION PURCHASES ARE DONE THROUGH GOLD BULLION BANKS.
FBI. "BEWARE"
FBI. "BEWARE"
IN EFFECT AS OF 12/4/09.
WE CAN TELL INTERMEDIARIES AND BROKERS OFFERS JUST BY THE WAY THEY ASK
FOR CERTAIN
DOCUMENTS AND PAY ORDERS AND YOUR SWIFT760 AND SBLC NONSENSE.
GUARANTEE
OF PAYMENT PRIOR TO SHIPMENT...MY BUYER NOR I WILL TRAVEL TO BUY OR SEE
GOLD.
Eurobrand Inc. terms and conditions:
1. Rules that cover all scenarios:
The discount must be acceptable.
The fees to be protected are authorized and paid by the Seller.
The gold must be in the control of a Prime Bank or London Bullion Market Association
recognized Refinery (the exception is Option #3)
The Seller’s Bank or Refinery must be capable of proving the quality, quantity, delivery and
discount.
The Seller covers all costs up to and including delivery (of Good London Delivery bars) to
the Buyer’s Bank. This includes shipping, insurance, handling, refining (if necessary),
hallmarking (if necessary), export duties, import duties, etc.
or Refinery) prior to movement of gold.
or Refinery) prior to movement of gold.
Payments from the Buyer’s Bank to the Seller’s Bank or Refinery will be based upon 2nd
London Fix (less the net discount) on the date of acceptance and will be made within 48
hours of acceptance by Buyer’s Bank
GOOD LONDON DELIVERY BARS
Seller’s Bank or Refinery guarantees the total transaction to the Buyer’s Agent including
quality, quantity, delivery.
Buyer issues his Irrevocable Purchase Order, with full Banking, for immediate closing. The
Purchase Order will cover quality, quantity, delivery, discount.
Seller’s Bank or Refinery contacts the Buyer’s Bank for guarantee of payment and the lifting
schedule.
Lifting begins.
Payment(s), less the applicable net discount, will be made from the Buyer’s Bank to the
Seller’s Bank or Refinery within 48 hours of accepting the gold.
NON-HALLMARKED BARS (OR “OUT OF BOND BARS”) IN GLD FORM
The procedures are the same as GOOD LONDON DELIVERY BARS. The bars will have to
be re-hallmarked through a recognized Refinery (at Seller’s cost). Seller’s and Buyer’s
Bank(s) will determine the best way to handle this.
CONCENTRATE (92% purity or better)
Option #1 (quantities over 250 kilograms per lift)
Seller moves his gold to a credible bank in his country.
Seller’s Bank arranges shipping, handling, insurance, export duties, import duties, taxes,
etc. and Refining (at a London Bullion Metals Association recognized refiner preferably in
Switzerland).
Seller’s Bank confirms and guarantees the above to the Buyer’s Agent.
Buyer supplies the Seller’s Bank with his Irrevocable Purchase Order, with full banking.
Seller’s Bank contacts Buyer’s Bank for the payment guarantee and shipping schedule.
Unrefined gold moves to the Refining.
Good London Delivery Gold bars are moved from the Refinery to the Buyer’s Bank for
acceptance and payment (payment to the Seller’s Bank, less the net discount and Refinery
charge will be paid within 48 hours of acceptance from the Buyer’s Bank to the Seller’s
Bank).
Weekly, monthly or whatever roll overs will be handled the same.
Option #2 (quantities between 100 kilograms and 250 kilograms per lift)
Seller moves his gold to a London Bullion Market Association recognized refinery in
Switzerland with Buyer’s Agent shown as the end user.
Upon arrival, the refinery assays the gold and estimates the final amount of Good London
Delivery bars.
Refinery contacts the Buyer’s Agent for an Irrevocable Purchase Order, with full banking
(from the Buyer).
Buyer issues Purchase Order to the Refinery.
Refinery contacts the Buyer’s Bank for the guarantee of payment (from the Buyer’s Bank)
and the projected delivery date for the refined gold to be delivered to the Buyer’s Bank.
Gold is refined to GLD bars and delivered to Buyer’s Bank for payment.
Weekly, monthly or whatever roll overs will be handled the same.
Option #3 (quantities between 5 kilograms and 99 kilograms per lift)
Seller moves his gold to a refinery in Los Angeles, California, U.S.A. for refining to Good
London Delivery size and purity (not Hallmarked).
After refining Buyer will pay Refinery and Refinery will pay the Seller.
It is recommended the Seller (or his Representative) accompany the gold through
processing and final payment.
Payment will be made within 5 days of receipt at the Refinery (depending on the date, time
of day received and quantity received).
There will be no Buyer’s Bank guarantee of payment in Option #3 (the expenses incurred
do not warrant the Banks involvement).
THINGS TO KNOW IN ANY GOLD TRANSACTION
The Seller decides the quantity he wants to sell, the discount and the fees he is willing to
pay (this will be discussed with his Bank or Refinery prior to any offer being made). The
Seller’s Bank or Refinery and the Buyer’s Bank control the transaction and make the rules
(not the Seller, the Buyer or the Brokers). The Banks charge a minimal fee to handle the
Sell/Buy Agreement.
The gold business is a cash business. Letters of Credit are never used.
If the gold cannot be proved, through a credible source, there will be no transaction.
The “Discount” is not a profit. Any profit would require re-selling the gold.
The Buyer’s Agent is paid by the Buyer..
THIS IS A NO RISK BUSINESS (other than the fluctuation of the gold prices).
The Seller has complete control, of his gold, (through his Bank or Refinery) until the gold is
paid for. He will spend no money until the acceptable guarantee of payment has been
received by his Bank or Refinery from the Buyer’s Bank. The exceptions would be Option
#2 and #3 on small quantities.
The Buyer has complete control of his money (through his Bank) until money is traded for
the gold. He will spend no money until he has an acceptable guarantee of the total
transaction from the Seller’s Bank or refinery (to him and then accepted and lodged in his
Bank). The exception would be Option #3 where the Buyer will pay for the gold after
Refining.
