Buying and Selling Gold through the Banking system requires a Gold License.
This is not the same as operating a Coin Shop, or retail gold company, or buying and selling scrap gold.
Gold sold at wholesale levels require a Gold license companies to do business, a Retained Bullion officer, and a Banking officer to provide full banking responsibility within the transaction. Each time we purchase Gold the Bank fee's are upwards of 400,000 USD for the Bullion officer and bank transaction Fee, it takes 72 Hours Max from start to Finish for the entire transaction.
The smallest amount we have purchased is 400KG, the largest amount is a dozen metric tons. We do not keep gold ourselves but sell to clients such as Mints which use the Gold for coin production and other uses.
Purchase price is set by GLD system, which is 6% gross discount from London gold pricing.
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