Shocking Facts on African Gold Deals
1)FACT NUMBER ONE: Most of the deals and offers of gold from Africa are scams, fake and fraudulent gold deals. What you see on pictures is brass or yellow painted metal, and not gold. If you happen to see real gold and touch it, chances are big that you are never going to take it out of the country, as the scam is better than your qualification to buy it.
2).FACT NUMBER TWO: There are big chances that you are not qualified to recognize if such deal is real or fake and thus you are luring other genuine people, buyers and intermediaries into believing that there is some gold cheap out there, however, what you do in reality, you are perpetrating fraud yourself and inciting and supporting criminal enterprise.
3)FACT NUMBER THREE: A local gold miner has local gold buyers where he sells the gold and that was the main reason for the small scale miners to open up a gold mine in the first place. Do you really think that any small scale miner needs you outside, out there, in the foreign country to sell to you, when he can sell it locally?
4)FACT NUMBER FOUR: Spot prices are available in each of the African countries. Yes, gold may be sold locally everywhere in Mali, Ghana, Sierra Leona, Burkina Faso, Tanzania, Congo and many other African countries. This alone shall appeal to your common sense, and if there is any gold trade deal out there that might be genuine, it shall be very well justified to go around this fact. Some refineries like AA Minerals in Ghana are going to pay 2% discount for any gold that is brought to them. Some dealers are paying spot prices and very often above the spot price. Large quantities are rare, and if you really wish to get the gold, instead of discount, dealer is going to pay better price just to get it. The large players in the market are converting cash for gold and they are paying for the speed. It is easier to win the Bingo than to close the deal on distance without being qualified for it.
5)FACT NUMBER FIVE: There are actually gold deals that are genuine. But they are not going to appear on Internet. You must go on the ground, explore, meet the people, make the connections, know your stuff, and you always need to give some benefits to miners and gold dealers in order to gain any profits on such.
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