How to Buy African Gold

Buying gold from an African source requires more than identifying a supplier. A professional transaction should establish the product, origin, ownership, verification, documentation, applicable regulations and logistics before funds or delivery are committed.

1. Define your requirement

Specify the type of gold, desired quantity, purity or specifications, destination, preferred delivery method and commercial requirements.

2. Identify and verify the supplier

Review the supplier’s company identity, operating information, source of the material, ownership documentation and relevant licensing or authorization where applicable.

3. Review gold verification

Request appropriate assay or laboratory documentation and establish how the report relates to the specific material being offered. Verification should be appropriate to the transaction and independently confirmed where necessary. See Gold Verification & Due Diligence and Gold Dore vs Bullion.

4. Review export and compliance documentation

International gold transactions can involve origin, export, customs, tax, sanctions, anti-money-laundering and other requirements. The exact documents depend on the country, route, product and transaction.

5. Agree commercial terms

Before payment, document the quantity, specifications, price mechanism, delivery terms, inspection arrangements, responsibilities and conditions precedent to the transaction.

6. Coordinate secure logistics

Use appropriate insured and secure logistics arrangements for the shipment and destination. Customs and import requirements should be confirmed before dispatch.

Buyer due diligence

The Miners League encourages international buyers to obtain independent legal, compliance, assay and logistics advice where appropriate.

African gold supplier   |   Verification & documentation   |   For buyers