Gold Hub Ghana is Licensed to Purchase Gold from all Small Scale Mining Companies in Ghana. This opportunity puts GHG in a pole position to access Gold regularly when it is mined. Clients are implored to open a Metal Account with GHG for Gold Supply.
With this account in place, Clients have an option to deposit funds into their Metal Account for ready Purchase once Gold is available. The advantage here is to have replicable access to Gold to be purchased to meet Clients’ requests
REVOLVING TRANSACTION (PRE-FINANCE):
GOLD is a cash back commodity, and Mining is a capital-intensive venture. As such, the only way to secure regular supply at reasonable and realistic discounts is to Pre-Finance. This arrangement allows clients consistent supply of GOLD at good discount. Clients are required to make monthly orders of a minimum quantity of 25kg for a minimum duration of six month. Supply commences 14 days – 30 days after full payment is received. The advantage is to have good reasonable discount and thereby increasing profit and satisfaction for our clients. This is 100% Pre-finance.
GOLD SUPPLY USING BANKING INSTRUMENTS:
This supply option is designed for clients who wouldn’t like to make payments directly to Sellers but opt to use a banking instrument as a means of financial security. The instrument is valid for a year plus 1 day and attracts a minimum of 300kg of Gold before it expires.
GHG accepts the following banking instruments for Gold Supply Transactions
- Bank Guarantee (MT760BG)
- Stand by letter of Credit (SBLC)
- Clients have the option to Transact with Banking Instruments particularly (MT760BG and MT760SBLC) issued to their Monetizer to grant GHG loan for the supply of Gold.
- NOTE : For all Banking Instrument Transactions, a Tripartite Agreement has to be signed by all parties (thus Buyer, Seller and Monetizer). For Cash transactions payments can be made directly into GHG’s account.
Gold is supplied 30days after GHG receives the LTV (Loan) from the Monetizer.