Sell gold direct to a bank.
The gold buyer is a bank with the U.S. Patriot Act Certificate and is based in the UAE.
Thus you will face the most strict verification process of the transactions.
The process includes verification on you, your company as well as of the gold.
On the other hand you will have a buyer that any bank will accept as buyer.
This buyer will not travel to you so you can verify them, it is your bank’s assignment.
The verification process is on you as a seller. You are the one that the banks need to have verified.
The banks either has agreements in place between each other or via their own corresponding banks.
Such corresponding bank may be headquartered in the U.S. or Europe.
Let the banks organize that.
Being a bank they will only do the transaction based on Bank to Bank communication.
The payment is guaranteed by the bank’s communication with your bank.
The payment is subject to the delivery to UAE and the refining of the gold.
Any financing needed will have to be done by your bank.
Your bank will be secured by the buying bank.
Contact us for further information on the verification process.
