Dore gold

[Steve999]

Hi there, 

I am buying some dore gold, 22k (tested by the mint at source), at a really good price, but am unsure about what to do with it. Should I import it to the UK and how much import tax would I pay on it, export it elsewhere as it. Are there refineries I could pay to get to 999 fine in the UK and get it stamped by the assay office?

Lot of basic questions , this kind of fell in my lap. General pointers from anyone with experience would be great.

 

thanks in advance

Steve

[Clockpuncher]

Are you 10000% sure this is all legit? This sort of stuff is the scammers paradise.

You say it fell in to your lap - why are the sellers having trouble shifting one of the most well known and most liquid commodities in the world?

Hope it works out for you, this isn't the market to be a rookie in!

Edited April 28, 2021 by Clockpuncher

[Steve999]

i agree and it tests as legit, but you are right, and I am moving slow with it.

[dicker]

Hi Steve

Personally, I have seen this many times before and even had a friend who was sent samples only to be scammed at a later point in time.  
 

There are a couple of red flags are that it is outside of the U.K., and that you might be getting it at a good price.  
 

I wrote a post on Scams which is worth a read.  Happy to give you more info if you want to share details around how you came across this offer.  
 

Best

Dicker

[stefffana]

Hi, Steve999,

My advice is to stay away. The risk level is too high. Too many scammers are all around the world and if the price is too good, be sure it is something wrong. Just stay safe, buy how much gold possible at spot price from UK second market and the profit will come soon, when the gold price will be higher.

There are lots of opportunities on PM market, but don't do in the dark side, with sellers who are giving their gold at half price, only because they have too much and nobody is interested to buy it. They have not shame or mercy when are ripping off good people.

 

[Hunter87]

What is dore gold? 

[stefffana]

Just now, Hunter87 said:

What is dore gold? 

An impure ingot, casted from incomplete purification of gold from gold ore concentrate or melted scrap jewellery. Can be contaminated with other base metals, silver, or minerals.

[Hunter87]

Just now, stefffana said:

An impure ingot, casted from incomplete purification of gold from gold ore concentrate or melted scrap jewellery. Can be contaminated with other base metals, silver, or minerals.

Thanks for educating me stefffana much appreciated. 

[stefffana]

4 minutes ago, Hunter87 said:

What is dore gold? 

Usual, the miners have not enough capability to refine their gold to 999. They are cupelling their metals and selling to gold dealers.