1. All Gold Deals were regulated by the BIS – Bank of International Settlement. To get access to the Archives requires ... see arch guide, article: Conditions for using the BIS Archives Excerpt is to be inspected in the second attachment.

1. 1. All GoldDealswere regulatedbythe BIS – Bank of International Settlement.
To get accessto the Archivesrequires...see archguide,article: Conditions for using the
BIS Archives
Excerptis tobe inspectedinthe secondattachment.
a. Every buyer shall receive a corporate offer on company letterhead, signed by the
seller and acknowledged by the bank to prove the metal
b. Every person violating the regulation will be investigated and will be arrested.
We are not interestedinsuchactionsdobusiness,we are notanyauthorities.
2. Please keepinmind: expectingsomethingrequirestobe able to give an equivalentfirst!
Sellersare askingfora guarantee togetpaid,fine.Butwhat dotheygive?Nothing.
The BIS requiresasellermustforwardontheirletterheadtheiroffer,onwhichtheirhome
bankwas “confirming”the seller’sgoodstandby“acknowledged”.Thishasnothingtodo
withthe Bank’scommitmentorevenendorsement.If anofferisreal,notany bank can know
thisand mustnot; “acknowledged”expressessellerisesteemedbythe bank.
That “acknowledged”isthe minimumbeingrequiredbyabuyerto issue aMT760 URDG 758.
Draft please findasthirdattachment.
All SBLC are basingon the buyer’snon-performance andare notinany case the basisforany
creditline.If sellersneedacredittheywill getthe moneyfromtheirBankon theirown
creditabilityaslong theirhome bankrecognizes afterdeliverywill be paid the product,if not
bank may draw the face value as statedinthe SBLC.
Verse forthe SBLC cost moneysothe discountforthe Goldmust rise andfurthermore sellers
have to provide aPerformance Bondwhichcoversthe costfor the SBLC incl.drawingcost
aftersellersdidnotperform.
3. Unfortunatelythere wasachange in the worldwide acceptance of AfricanSmall Scale Miners
Gold,for WesternLBMA recognizedrefineriesmustdocumentindetailfromwhichcountry
whohad deliveredwhichquantityandhadprovedproductionwaswithoutviolatinghuman
rightsso as there wasnot any poisoning tothe environment.LBMA recognizedrefineriesdo
not acceptanymore any AfricanGoldfromSmall Scale Miners because of the must-
documentationwhichbindscontrol capacity.
That’s the legal andfactual situationbeinginplace.
What is our counter offer?
We askall Africansellerswhocannotperforminthe BISrequiredmethodtosendustheirproductas
AirCargo. Minimumis5 kgto cover the cost inGermany.We ask tosendto AirportFrankfurtand
addressto our Service PartnerarecognizedandlicensedFree HarbourRefinerbyGermanFinancial
Authorities.There isexclusivelyasmall additional indication“foraccountGlocker”inthe addressand
“VAL” whichindicatesparcel mustbe storedinthe bondedcustomswarehouse forhigh value goods.
Till here we donot touchthe seller’sgold.IthasarrivedinFrankfurtand isheldbyGerman Customs.
The Free Harbour refinertakesthe goodsbyhandover-protocol withthe customsandforwardstoa
LBMA recognizedRefinerywhomaynowstarttheirFirst AssayReportwith“supplierGlocker”and
may acceptthe gold.Againthere isa handoverprotocol.1- 3 days after,dependingonthe quantity
deliveredwe getthe LastAssayReportand sendbyMT103 the paymenttothe AfricanSupplier.
We require nothingelse thanaPro-formainvoice forthe customsclearing,the exportdocument
showingthe productcode for Goldand the Airwaybill.

2. Of course,we signa contract, whichmustalsobe submittedtocustoms,as well asinthe transferof
the purchase amountwiththe bank.
That is afterour Service Partnerthe licensedFree HarbourRefiner hasgotthe Last AssayReporthe
transfersa copyto you and yousendback yourcommercial invoice andafterreceiptatthe Free
Harbour Refinerhe transfersthe moneyfrom ouraccountto you.
All andeverythingisdocumented,we didnoteventouchthe gold,whateveritis.Itwasunder
control by yourcarrier and afterwardsundercustomscontrol till the handovertoa LBMA recognized
refinery,whoguarantee fortheirexpertisetechnical andfinancial.