It is doubtful if there is any person who does not know gold! Everyone is fond of gold, whether it is for use in medicine or decorations or jewellery or payment or for investment. Its distinct everlasting deep rich yellow brilliance never fails to attract people from all walks of life. The natural dense yellow metal has been known to man since time immemorial. Its value is undisputed, its neutral properties unique. Amazingly its refining process is as old as human history! Its ability of being malleable to the finest thin foils makes a popular metal in some industries. Yet, what a human folly? To spend vast resources on its search, purification, accumulation and eventually have it locked up in bank vaults or Fort Knox or warehouses.

It is a highly sought-after precious metal that for many centuries has been used as money, a store of value and in jewellery. The metal occurs as nuggets or grains in rocks or river banks and underground "veins" and in alluvial deposits. It is one of the coinage metals. It is a dense, soft, shiny, yellow metal, and is the most malleable and ductile of the metals.

Gold forms the basis for a monetary standard used by the International Monetary Fund (IMF) and the Bank for International Settlements (BIS). Its Modern industrial uses include dentistry and electronics, where gold has traditionally found use because of its good resistance to oxidative corrosion.

Chemically, gold is a trivalent and univalent transition metal. Gold does not react with most chemicals, but is attacked by chlorine, fluorine, aqua regia and cyanide. Gold dissolves in mercury, forming amalgam alloys. In particular, gold is insoluble in nitric acid, which will dissolve most other metals. Nitric acid has long been used to confirm the presence of gold in items, and this is the origin of the colloquial term "acid test," referring to a gold standard test for genuine value.

Properties of Gold?
Symbol: Au
Melting Point: 1064 deg C
Density: 19.3
Atomic Number 79

Gold Sizes:
For commercial purposes gold is traded as dust, old ornaments, old coins, 1 kg bars and 12.5 kg bars.

CHEMICAL FORMULA FOR UREA:
CO(NH2)2 or NH2CONH2

QUALITY
The quality is measured as Fineness in carats (k). It can be 9 to 24 k. In commodities we work in terms of 24 K 999.5/1000.

TERMINOLGY:
GLD (Gold London Delivery) Hallmark: International acceptable hallmark. This is only accepted from recognized gold refineries

PRICE:
In commodities contract the price is based on the prevailing London Metal Exchanges www.lbma.org.uk/statistics/current on the day of fixing the date of delivery at the destination.

The exchange of Proof of Product, Proof of Funds, Delivery of AU Metal documents and Payment for the AU Metal delivered are executed strictly on a Bank to Bank basis under the full Banking responsibility of the Seller’s Bank and Buyer’s Bullion Officers.

1. The Au Seller or his mandate provides FCO. The buyer studies it and asks for amendments. If amendments are accepted the seller then provides each page hand signed FCO. It has also to be notarized on each page. Electronic signed FCO is not valid for the buyer.
2. The buyer or his mandate issues a LOI.
3. The seller provides the contract to the buyer.
   Note: The contract is time sensitive. If the buyer and the seller do not execute and remit the contract to each other within two days of receipt of thereof failing which the said contract shall be stand terminated without any further notice unless a permission is sought and agreed.
4. The Buyer signs and accepts the contract and returns the contract with full banking details to the Seller (Four hard copies, delivered by courier).
5. The Seller signs the contract and returns two hard copies, with full banking details, to the Buyer’s Mandate, one hard copy to the seller’s bank.
6. POP (proof of product): Within 24 hours after execution of this contract, SELLER’S bank sends SWIFT to BUYER’S bank to the attention of “The Bullion Officer” with full bank responsibility, confirming the existence of AU metal.
7. POF (proof of funds): After verification, BUYER’S bank reconfirms by SWIFT to SELLER’S officer, with full bank responsibility, proof of funds.
8. Within 24 hours or less the AU metal ownership is transferred to BUYER’S bank and the funds are transferred to the SELLER’S bank.
9. All pay orders, as per the MFPA, are stamped and sealed by the BUYER’S bank as soon as the transaction is completed.

WE CAN HANDLE GLD, NON-GLD, DORY GOLD, DUST, NON STANDARD GOLD BARS FROM 50 KG TO VIRTUALLY ANY QUANTITY.

If the quantity is less than 100 kg a buyer in Accra can test and buy the gold on the spot. However if you have larger quantity we can proceed as follows.

If you wish to deal with European Au refineries in Europe, you will have to accompany the shipment of your gold to our associated refinery. You are responsible for your traveling and shipment costs.

No one will provide any advance payment under any circumstances.