I am next to gold bullion buyer's mandates. We purchase gold bullion using the Swiss Procedures at a minimum of 7/5 or 8/5. Fineness: 999.5% or better, Hallmarked, Internationally Accepted, Etc.
Procedures (for the safety of the parties involved)
1. The Seller or his Mandate issue a full corporate offer. With all the details SIGNED AND SEALED.
2. The Buyer/Buyer's Mandate submits a letter of intent and a contract.
3. The Seller/Seller's Mandate responds with the signed and sealed contract with full banking coordinates, and an invitation for the Buyer's bullion officer to contact the Seller's bullion officer.
4. The Buyer/Buyer's Mandate signs the contract, and accepts the invitation of the Seller's bullion officer. The Buyer/Buyer's Mandate sends a hard copy of the contract/agreement signed by both Buyer and Seller with full banking coordinates.
5. The Buyer's bullion officer initiates the contact with the Seller's bullion officer by KTT.
6. The Seller's bullion officer will be instructed by the Seller to verify the Au metal, the quantity available, and to disclose any/all liens and encumbrances attached to the metal.
7. Upon receipt of the proof of existence of the Au metal and the certificate of authority to sell, the Buyer will instruct his bullion officer to confirm the availability of funds to be used as payment when the gold is delivered.
8. The Buyer and the Seller agree on a window time for exchange. The payment to the Seller will be disbursed within 24 hours against the transfer of ownership of the metal. Commissions will be paid immediately and without delay to each appointed paymaster. The paymaster will likewise pay to the intermediaries their earned commission.
Thanks and good day.