Categories of Available Gold for Trade and Export
At Start Your Own Gold Mine, we collaborate with genuine and licensed gold dealers across East Africa to offer a diverse range of gold categories available for purchase in Uganda, Kenya, and Tanzania. These categories cater to various investment needs and preferences, ensuring that our clients can find the perfect gold type to suit their trading and export requirements.
IMPORTANT WARNING
Any offer for cheap bulk gold in East Africa, whether ready to export, ready to sell, or available on a cash and carry basis, is likely to be fake and fraudulent. Scammers often exploit the high demand for gold by presenting seemingly irresistible deals that lack transparency and proper documentation. These fraudulent offers typically do not provide verifiable proof of gold quality or legitimate business credentials, putting your investment at significant risk.
We urge all prospective buyers to exercise extreme caution and thoroughly investigate any unsolicited gold offers. Genuine transactions in the gold market are conducted through reputable channels and involve detailed agreements and secure payment methods. To protect yourself from scams and ensure a safe investment, please make sure to verify the credibility of the seller and seek advice from trusted sources before making any commitments.
All visitors wishing to buy gold should read the following links of precautions:
Daily Gold Purchases at LBMA Prices
Understanding LBMA Prices
LBMA, or the London Bullion Market Association, is the world’s oldest precious metals market. The LBMA gold price is a benchmark price for gold, set daily by a select group of banks and bullion dealers. This price is widely recognized and used as a reference point for gold transactions worldwide.
Buying Gold in Uganda
Buyers from other countries can purchase gold in Uganda, often through local dealers. Here’s a general overview of the process:
- Physical Presence: Buyers must be physically present in Uganda to conduct transactions.
- Daily Gold Supply: Gold is typically available for purchase on a daily basis.
- LBMA-Based Pricing: The price of gold is determined by the LBMA gold price, adjusted for local market conditions.
- Ready Buyer: Buyers must be prepared to purchase gold immediately when it becomes available.
- Legal and Financial Readiness: Buyers must have the necessary legal documentation and funds to complete the transaction.
- Payment Methods: Payment can be made through wire transfer, cryptocurrency, or cash.
- Secure Transportation: Buyers are responsible for the secure transportation of both cash and gold to designated locations.
Monthly Gold Availability
Approximately 500 kilograms of gold is available monthly from two primary dealers in Uganda.
Important Considerations:
- Local Regulations: Buyers must comply with all local laws and regulations, including import/export rules and foreign exchange controls.
- Security: Given the high value of gold, buyers must prioritize security measures for both the physical gold and the funds used for purchase.
- Due Diligence: It’s crucial to conduct thorough due diligence on the seller and the source of the gold to avoid purchasing illicit or counterfeit gold.
By understanding these factors and working with reputable dealers, buyers can successfully purchase gold in Uganda at competitive prices.
Contact us to start.
Prepaid Gold Forward Sales Contract
Prepaid Gold Forward Sales Contract Explained
This is a contract where a buyer agrees to pay upfront for gold to be delivered at a later date. The buyer typically receives a discount on the purchase price in exchange for this upfront payment.
How it Works:
- Prepayment: The buyer pays a certain amount of money to the seller upfront.
- Discount: The seller offers a discount on the final price of the gold as an incentive for the upfront payment.
- Financing: The seller uses the upfront payment to finance its mining and processing operations, including building new facilities or upgrading existing ones.
- Gold Delivery: The seller agrees to deliver a specific amount of gold to the buyer within a specified timeframe, usually 12 months.
- Price Risk: The buyer assumes the risk that the price of gold may fluctuate during the contract period.
- Operational Risk: The seller assumes the risk of any operational issues that may affect gold production, such as equipment failures or labor disputes.
Benefits for the Buyer:
- Secured Supply: Ensures a steady supply of gold.
- Price Discount: Reduces the overall cost of the gold.
- Potential for Price Appreciation: If the gold price rises, the buyer benefits from the lower purchase price.
Benefits for the Seller:
- Upfront Capital: Provides immediate funding for operations.
- Reduced Financial Risk: Mitigates the risk of fluctuating gold prices.
- Potential for Increased Production: Can invest in new projects to increase output.
By entering into such a contract, both parties can benefit from a mutually beneficial arrangement.
For pricing of Prepaid Gold Forward Sales Contract please see:
Mine-to-Market Gold Club Membership
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Mine-to-Market Gold Club Membership
Experience the exceptional Mine-to-Market Gold Club Membership in Uganda, where you can engage with a vibrant community of miners, explore numerous mining shafts, and access top-notch mineral processing workshops, offering a direct gateway to procure the finest Ugandan gold.
With this membership, clients gain the opportunity to purchase gold for one year, utilizing our facilities and the expertise of licensed and skilled professionals. This eliminates the need to engage directly in establishing their own company within the country, offering a seamless and efficient way to access the gold market.
Additionally, the membership provides clients with comprehensive support, including logistical coordination, compliance with local regulations, and access to cutting-edge gold recovery and processing technologies. This ensures a streamlined and secure gold acquisition process, tailored to meet the unique needs of each client.
Establishing Local Gold Trade
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Unleash the boundless opportunities of the East African gold market with our all-inclusive service designed for ambitious gold traders. Engage in personalized face-to-face interactions, establish full equity ownership over gold trading transactions, benefit from meticulous strategic planning, forge direct connections with local miners, and access state-of-the-art equipment for streamlined and efficient gold transactions. Capture the essence of the East African gold trade in countries like Uganda, Tanzania, and Kenya, and embark on a transformative journey that unlocks the unparalleled potential of this vibrant and dynamic market.
Headquarter and Storage for Gold Trade Equipment: Your headquarters offer secure and centralized storage facilities, ensuring that all your gold trade equipment is safely maintained and readily accessible when needed.
Recruitment of Staff Members: We efficiently recruit highly skilled staff members, bringing together a team of experienced professionals dedicated to maximizing your gold trade operations.
Gold Mining Equipment: Our state-of-the-art gold trade equipment guarantees optimal performance and reliability, enabling efficient verification, smelting, extraction and processing of gold.
Organization and Management: Our expert organization and management services streamline your operations, ensuring seamless coordination and effective oversight of all trade activities.
Training and Know-How: We provide comprehensive training and invaluable know-how, empowering your team with the necessary skills and knowledge to operate your gold trade successfully.
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