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BUSINESS
I have accounts at various major US Precious Metal Refineries registered with the United States Government, including the 3rd largest US Refinery, which is a Member of the LBMA. I just negotiated a deal with a US based Mint, whose owner has known the Chief Operating Officer of the LBMA Member just mentioned, for years. I have known the same gentleman for about 18 years.
This Mint buys their gold from Mexican refineries that obtain their gold from miners at a discount. Hence I am now able to buy 24 carat fine, 99.99% pure gold bars, in orders of 500 kgs, for about 96% of market value at the time of order.
Opportunity:
I am willing to take advantage of this in Joint Venture with an investor. The price we will pay may sometimes be based on the 2nd London Fix on the day of order, or on spot at the time of order, depending on which of its suppliers the Mint locks their price in with. The investor’s participation, assuming an order placed on the 4th of April, 2012 using the 2nd London Fix as the benchmark ($1,621 per Troy oz), and with a gross discount of 4%, would cost $25,015,272. The investor’s profit share in this example, assuming the market would hold steady in the 4 – 7 days between purchase and liquidation, at 50% of the net profit after all costs, would be between 1% and 1.5% of the metal value, or between $260,575.75 and $390,863.62.
Procedures:
1. The Investor and I would enter into a JV Agreement, contingent upon the satisfaction of Investor with his due diligence.
2. I would bring Investor into contact with the Mint Owner and the LBMA Member Refinery’s COO, to facilitate Investor’s due diligence.
3. The JV entity would open an account in the Mint’s Bank.
4. We would place an order with the Mint, contingent upon satisfaction with the discount they can pass thru after they call their suppliers.
5. They give us an exact price.
6. We confirm the order and pay for it.
7. The Mint pays the Mexican refinery, which pours the bars and releases them to the Mint.
8. The Mint delivers them to the LBMA Member refinery, which confirms the purity and liquidates for us the gold needed to pay the commissions to intermediaries of 0.25% of the benchmark value of the order.
9. Investor either receives his investment and his profit share back in cash, rolls it over in another order, or receives it back as gold, at his discretion.
Please contact me for further details or to begin to establish a JV, by phone at 240-330-9827 , by Skype at Carlos.Harden, or by eMail at CarlosHarden@gmail.com.
Posted By: DAVID JOHNSON
Saturday, July 7th 2012 at 10:45PM
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