Buy gold in Bulk from-Africa. What to know as buying in large quantities
Buy gold in Bulk from-Africa. What to really know while buying gold in large quantities. The African gold Market is one of the recognized gold hubs in the world as they give access to buying gold in Bulk. The African gold market has got a number of gold deposits in Africa. There are different countries that offer gold and these include South Africa, Ghana, Mali, Uganda, Kenya, Tanzania, Congo. These African gold deposits have made Africa one of the referred gold markets in Africa.
The continent has different gold dealers in different countries; these dealers provide different services to the international and local clients. While planning to buy gold in Bulk from-Africa, make a due diligence on the gold dealer as some dealers are not regulated to trade gold to international countries.
Most of the African gold countries have imposed strict regulations on gold trading, so this guarantees a safe and secure gold transaction as most of the gold dealers can’t trade gold with out being regulated by the government.
The continent offers gold in different sizes as they range in different sizes, these sizes range from 1g to 1kgs of golds. So as an investor or buyer, you can by gold like gold bars in bulk but in different sizes and purities since gold varies in purity. In addition, as an international gold investor, you have got a chance of buying gold in bulk at competitive prices
This blog will take you through the benefits of buying gold in bulk, how to safely buy gold in bulk, where to buy gold in Bulk and how to store bulk gold.
Why buy Gold in bulk from-Africa
Buying gold in bulk from-Africa can be profitable because of various strategic and economic reasons as they follow
Diverse gold Resources: Africa has got a number of gold deposits in different African countries and these include South Africa, Ghana, Mali, Uganda, Kenya, Tanzania and others. Gold deposits in these countries have made the country to be one of the most prominent gold hubs.
Various gold sizes: The golds that are produced from Africa come in different sizes that’s to say sizes that range from 1g to 1kg and above. The sizes have different purities and therefore they vary in prices
Competitive price :The African continent is known for having the most affordable gold price compared to other international gold markets like Europe and Asia. The prices are more affordable compared to the ones in western countries
Resale Value : The African gold market maintains a high resale value as they have a high quality value. Therefore to buy gold in bulk from-Africa gives a chance to access high quality gold that can be resoled
Ethical sourcing : Since most of the African gold countries have improved on there regulations, this guarantees ethical gold transactions
How to safely buy gold in Bulk from-Africa
To buy gold in bulk from-Africa can be profitable mostly to the international gold buyers, but it requires a safe approach of buying gold in bulk from-Africa. Below are the reasons for buying gold in bulk from-Africa
Understand the legal Regulations of gold Trading
Familiarize you self with the regulations of gold trading from Africa into your country. Both the seller and the buyer have to comply with the regulations of gold trading in Africa. These guarantees a smooth gold transaction
Make Research about the seller: Make sure the seller your using is licensed by the respective government. This should be a reputable gold seller with not only operating from online, but also obtaining a physical location
Request for full documentation: These are legal documents that include assay certificates, certificate of origin plus invoices and company documentations. These documents include sellers’ registration and tax identification.
Make tests before payment: These involves third party tests, these tests confirm the weight and purity of gold you’re buying in your presence. This gives a peace of mind and assurance of what you’re buying.
Prepare for secure Payment Methods: Use secure payment methods like the bank and escrows a they allow bulk payments and they are traceable in case of anything.
Prepare for secure and insured gold shipment: As your planning for shipment, look out for shipping companies that offer a secure and insured shipping. This prevents the gold from risks like theft and damage
Where to buy gold in Bulk from-Africa
To buy gold in Bulk from-Africa can be safe if you get to know where exactly to buy gold in bulk from-Africa.
Licensed golf exporter: Buying from licensed gold dealers is one way to buy gold that is conflict free and of high quality as these gold dealers offer real time price, presents legal documents like assay reports and certificate of origin. Some of these traders include Jesa Minerals( Gold and copper trading in Africa)
Regulated Whole Sellers: These are certified gold wholesalers that buy gold in whole sale as they provide golds in good quantities and high quality. Some of the wholesalers include Rand gold refinery, Simba gold refinery and African gold refinery
Verified local gold mines: Look out for regulated local mines as they are certified gold dealers supply gold to buyers, traders and collectors. These include gold deposits and local refineries. Jesa Minerals work with regulated local gold deposits
Forms of gold available on bulk sale.
While sourcing gold, you might encounter several forms. These can be used in different ways and also vary in prices
Here are some of the golds you can buy in bulk
| Gold form | Use | Notes |
| Refined gold bars | Investment and Hedging against inflation | Highest Purity, therefore best for institutional buyers |
| Raw gold Nuggets | Refining or resale | Can be further refined |
| Dore Bars | Refining | Lower Purity and refined further |
| Pure Gold Nuggets | Suitable for retail and resale |
To buy gold in bulk from-Africa is one way to access affordable prices compared to other international gold markets like Europe, Asia and North America
Countries that sale gold in bulk from-Africa
Uganda and Tanzania: These are East African gold countries with growing markets with licensed dealers who can sell gold bars or bullions to international investors and traders
Ghana: Considered to be a largest gold producer obtaining formal channels and new government regulated body gold bond handling legal gold buying
DRC: Famous Mineral country were you can easily access the Dore bars and gold nuggets in bulk buyers
Mali: Also known for having frontier markets that offer physical buy usually carry higher risks. To approach it look out for reputable gold dealers.
How to store bulk gold
To maintain the quality of bulk gold, it requires safe storage. This is how best you can store bulk gold.
Bank safe Deposits
The banks can be a safe way of keeping gold because of its high security, Discreet and more affordable. However, they have limitations like limited insurance, banks are only accessed during bank hours, and not suitable for large storage
Professional Bullion Vaulting Services
These include allocated storage, segregated storage, unlocated storage. These have a maximum security, there fully insured, ideal for large institutional level holding
In Conclusion
To buy gold in bulk from-Africa is a perfect way of accessing high purity valuable gold dust as they come with strong high investment returns. Africa has got enough gold regions and mines that are able to satisfy gold investors who are looking for variety of gold. These African gold deposits produce high quality golds of 24k and 22k gold hence being an ideal gold hub for many international investors
FAQs
1 Is it legal for foreign buyers to buy bulk gold from-Africa
Yes, though strictly regulated, every country has its own regulations for gold trading. They should obtain export permits from the producing country.
2 What documentation is required/
Those documentations include mining/export license from the African government, Assay reports showing gold purity and weight, Bill of sale, export certificate, customs declarations
3 How is bulk gold tested for purity
The common methods include
- Fire assay, Xray fluorescence analysis
- Independent third party assay by recognized labs