Africa Gold Agency
We are here to help you from start to finish
All the services you need
Africa Gold Agency offers you a full list of services you will require to complete your transaction.
Gold Sourcing
We source Gold from a list of well-known sellers.
Nagotiating
We negotiate the terms of the sale on your behalf.
Agreements
The sale is structured perfectly to the satisfaction of both parties.
Testing
Testing is done to authenticate the Gold has the required purity.
Smelting
The Gold is smelted from nuggets into bars.
Export Documents
We apply for the export documents from the ministry
Logistics
We arrange the logistics for all parties and the gold.
Final ASSAY
Final ASSAY will take place in Dubai to determine the purity of closing the sale.
Payment
Payment is made to the Seller upon receipt of the final ASSAY report.
Transfer of Ownership
Proof of ownership is transferred upon the seller receiving the payment.
Airport Shuttles
We arrange airport shuttles for buyer from airport to Hotel and return trip.
Hotel Bookings
We make bookings for the buyer at hotels or apartments based on buyer preference.
There are two ways in which gold can be purchased
X-Works
X-Works means that the gold is sold in the country of origin. For example; if the gold is offered in Uganda then the sale is concluded there. The buyer and seller will meet at a mutually agreed-upon place. The buyer brings his cash and the seller brings his gold. The buyer tests the gold and if satisfactory the buyer pays the seller. Seller signs over ownership to the buyer.Â
The seller then has the gold smelted into bars and applies for his export documents. The Gold is then taken to the buyer’s destination. This is always the best way to buy gold and carries the least amount of risk.
CIF Dubai
CIF Dubai means that the sale of the gold is concluded in Dubai and the seller pays his own cost to get the gold there. However, it never works that way in reality. The seller will expect the buyer to pay for the export cost of raising the export documents and transport of the gold to Dubai. This, according to the seller is for the buyer to show his commitment but 99% of the time the buyer will get scammed. This method is the riskiest.Â
However, Africa Gold Agency has ways to structure these deals so that the buyer is not at risk.
Our service to you
- Our business with our clients is kept in the strictest confidence, your details, and the transaction details will never be shared with anyone. We have very strict confidentiality terms in place for the protection of all parties. Â
- As our client you will not have to do anything other than provide us with the required funds for transactional costs. You are most welcome to be present if you so wish to witness how things are done but this is not a requirement and is totally up to you.
- We arrange an airport shuttle for your travels as well as hotel bookings according to your budget and specification.
- We will source a good seller should you not have a gold seller.
- We negotiate the best price and terms for you.
- Should you not be able to arrange to have the funds in Uganda when we can assist you.
- Draft heads of agreement outlining the terms of the sale
- testing of the gold to verify its purity.
- Smelting of the gold in dore bar.
- Arrange a bank security locker if required to store the gold while waiting for the export documents which can take up to 7 working days.
- Applying for the necessary export documents.
- Assist the buyer to transport the gold to Dubai.Â
- Should you not have a buyer, no problem, we can assist you in Dubai to sell the Gold.
Transporting the Gold to Dubai
The gold can be transported in two ways; (a) either by hand carrying it on your flight to Dubai or (b) using Emirates Sky Cargo. We recommend hand carrying the Gold as this is the safest and the gold never leaves your sight. You will have to travel business class with Emirates as you are allowed 14kg hand luggage. If you are carrying more than 14kg then two people should carry a potion each so that you comply with regulations.Â
Our Fees
Our fees are charged based on how your deal is structured. We will provide you with our fee structure after we have determined the nature of the deal.Â