|
|
Post by discerningeye on Jul 30, 2023 23:33:26 GMT 4
Been offered Au bullion in Hong Kong by the seller's signatory who alleges to have the authority to sell this bullion (Au).
COMMODITY: Gold Bars (Au Metal)
FORM: 12.5Kg each bar form, meeting GLD specification.
PURITY: Fineness 999.5 per 1,000 minimum.
QUANTITY: Two Hundred (200) Metric Tons with Rolls and Extensions, with a minimum term of 12 months, or as otherwise agreed.
INITIAL TRANCHE: Twenty (20) Metric Tons (Minimum of Proof of Funds Confirmation)
HALLMARK: Internationally Recognized Hallmark <Johnson Matthey>
REFINERY AGE: Assay Certificate less than Five (5) Years.
LOCATION: Private, Secured Insurance Warehouse, Hong Kong at table top.
Selling price: As set by the “London Bullion Market Association (LBMA)” Second Fixing (pm) for Gold Bullion (Au) and displayed by the “LBMA”. In the event that the “LBMA” is not operating on that scheduled day, the price calculation used shall be based on the second LBMA fixing of the next market opening day.
Discount:
a) Gross: Eleven percent (11%).
b) Net: Eight percent (8%) to the Buyer.
Selling party: corporate entity, Singapore
|
|
|
|
Post by anenro on Jul 31, 2023 15:06:21 GMT 4
Actually, the seller is not located in Singapore. But it is located in Hong Kong.
The discount quoted is incorrect. Too high. Which it will be rejected by the actual seller.
The attorney selling this gold, on behalf of the owners first name is: Charles.
We know the seller and Charles.
|
|
|
|
Post by discerningeye on Jul 31, 2023 16:23:31 GMT 4
Actually, the seller is not located in Singapore. But it is located in Hong Kong. The discount quoted is incorrect. Too high. Which it will be rejected by the actual seller. The attorney selling this gold, on behalf of the owners first name is: Charles. We know the seller and Charles. You might be working on something else and might know of some other deal, or maybe this one as well. You are free to make your comments on a free board. But, personally, I am not seeking your assistance nor trying to convince you of anything, so please refrain from making any unsubstantiated claims and dissuade other principal parties that may want to explore further on a principal-to-principal basis. There is no one named by Charles involved nor I am dealing with any attorneys based in the US on this. Anyway, this is NOT for you. You can deal with what you have on hand. Please don't make the water murky with what you 'think' you know of. I have my ducks in row and know what I have on hand. What I haven't corroborated is with the DE-FACTO owner of this gold bullion that allegedly is in Hong Kong that they want this bullion to be sold. |
|
|
|
Post by Sapphire Capital on Jul 31, 2023 23:19:10 GMT 4
why not just sell it to a bank locally at that discount it would be a pretty fast process, but will see,
|
|
|
|
Post by discerningeye on Aug 1, 2023 1:07:43 GMT 4
why not just sell it to a bank locally at that discount it would be a pretty fast process, but will see, Yes, a very plausible question, as why come out in an open or a private market when it could all be done internally at the banks level or at central banks level. Regretfully speaking, I don't have a complete story of behind the scenes why this allegedly is offered via a private sale, and IF the actual owner has also authorized this sale - which is of the paramount importance more than anything else. When asked the same questions, the answer given is: Quote We want it done in a private manner only. Yes, we will provide the proper and complete documentation to the buyer at the appropriate time that we have the proper and legitimate/legal authorization from the actual owner to sell this. Unquote |
|
|
|
Post by anenro on Aug 1, 2023 18:14:07 GMT 4
why not just sell it to a bank locally at that discount it would be a pretty fast process, but will see, Yes, a very plausible question, as why come out in an open or a private market when it could all be done internally at the banks level or at central banks level. Regretfully speaking, I don't have a complete story of behind the scenes why this allegedly is offered via a private sale, and IF the actual owner has also authorized this sale - which is of the paramount importance more than anything else. When asked the same questions, the answer given is: Quote We want it done in a private manner only. Yes, we will provide the proper and complete documentation to the buyer at the appropriate time that we have the proper and legitimate/legal authorization from the actual owner to sell this. Unquote In other words, you don't know what you are doing. And you get defensive when I share what I know about gold bullion being offered in the "private sector." Try to develop a thicker skin and MAYBE you will be successful in business. |
|
|
|
Post by Sapphire Capital on Aug 2, 2023 23:39:58 GMT 4
|
|
|
|
Post by alefdracon on Aug 2, 2023 23:45:39 GMT 4
200MT GLD in 12.5kg bars in HK will raise attention, especially the price, while I like HK as a base, I avoid the government rules especially regulation as the HK authority can step in legally and pull the sale to themselves. WHile customs is easy the export of such an amount is not so you are most likely stuck or spend a large amount of the discount for handling, insurance etc. Anyway for a locally active buyer it may be a find especially if he is using an already registered entity for the movement and payment. Its not an easy job
|
|
|
|
Post by fireopal on Aug 3, 2023 2:51:23 GMT 4
send Richard an offer he will represent us if this is a possible deal for us
|
|
|
|
Post by discerningeye on Aug 3, 2023 5:07:03 GMT 4
Thank you for the info! Since allegedly the seller will provide the following document as part of their documentation to give credence to their ownership as well as the ability to sell and export: 1. Receipt of Custom, Duties & Taxes Clearance Payment. You would assume that the owner and seller already by now must have registered with HK Customs and Excise Department to conduct this alleged sale/trade. However, no stones should be left unturned nor anything left to a chance on an assumption. So, the buyer must validate with HK Customs and Excise Department that the owner and the seller are both registered as Dealers with HK Customs and Excise Department. |
|
|
|
Post by discerningeye on Aug 3, 2023 5:23:59 GMT 4
200MT GLD in 12.5kg bars in HK will raise attention, especially the price, while I like HK as a base, I avoid the government rules especially regulation as the HK authority can step in legally and pull the sale to themselves. WHile customs is easy the export of such an amount is not so you are most likely stuck or spend a large amount of the discount for handling, insurance etc. Anyway for a locally active buyer it may be a find especially if he is using an already registered entity for the movement and payment. Its not an easy job Absolutely, selling 200 MT GLD or even possibly less in 12.5 kg bars will certainly bring in attention. HK government officials will do whatever it takes to stop the movement of the gold out of their jurisdiction and export of the gold from HK is one of the most difficult tasks to accomplish. However, allegedly, the seller or the seller’s signatory, are putting their money where their mouth is, in alleging that they will provide the following pertinent documentation to prove that this alleged bullion is exportable from HK: a) Export Permit-Export License by Government of Exportation (HK); b) Receipt of Custom, Duties & Taxes Clearance Payment; c) Custom Duty Certificate/Warrant of Gold Bars are free and clear of all liens and encumbrances and freely Tradable and Exportable and are of Non–Criminal Origin; d) Resource Confirmation Issued by the Government of Exportation. All of the above alleged documentation will be have to be validated/verified with the respective HK Government Departments before this alleged sale is consummated. Yes, if it is a local buyer registered to do the precious metal business/trade in HK, then all the issues of export and customs and excise don't come into play. |
|
|
|
Post by discerningeye on Aug 3, 2023 5:32:49 GMT 4
send Richard an offer he will represent us if this is a possible deal for us Thank you! Done. Sent Richard the offer |
|
