Professional Standards in International Bullion Trading

In all my dealings with reputable and established gold suppliers, one principle remains consistent:
No advance payment is ever required. The standard industry procedure is clear – delivery comes first.

If the gold’s hallmark is older than five years, the seller can, upon request or after negotiation, re-melt the bullion at their own expense. A new assay report is then issued, and the bars are delivered with a fresh hallmark.

Providing proof of the bullion in advance is not common practice in this industry. Instead, transactions follow a well-established and structured process:

Standard Procedure

1. SCO (Soft Corporate Offer):
   The seller issues a non-binding initial offer.
2. LOI (Letter of Intent):
   The buyer expresses interest and may suggest minor adjustments.
3. FCO (Full Corporate Offer):
   Upon mutual agreement, the seller provides a binding offer.
4. Direct Communication:
   A video call is arranged (via Zoom or Google Meet) between buyer, seller, and their respective bank officers to discuss all further steps.

Confidentiality and Intermediaries

All intermediaries are registered under an IMFPA/NCNDA agreement to ensure confidentiality and to secure their commission rights — this is standard industry protocol.

I currently work with over ten trusted sellers, including two who are capable of supplying up to 20,000 metric tons. Deliveries can be arranged to Hong Kong, Dubai, the United Kingdom, Germany, or Switzerland — with no limitations, provided the transaction follows the formal process outlined above.

You can rest assured:
All sellers I collaborate with are thoroughly vetted, reliable, and fully compliant with international standards.

Kind regards,
Chevalier Willy