Africa Gold Supplier Background Check

African Gold Seller Background Check: How Useful Is It?

I wrote before about ways to run a background check on African gold seller. We recently had an interesting experience and it serves as an interesting example for those buyers who are afraid of lies and trickeries so common in this part of the world..

One of our regular clients was planning to buy gold from a new seller in Ghana. He asked us to run a quick check on the seller as a safety measure.

Apparently, all was in order. The seller has a well-designed full corporate offer (FCO), an Alibaba “gold status“, and an “onsite check” label by Alibaba that includes a business registration number and certification.

The ugly truth

One of our analysts at Iszy Gold checked the seller in a bit more depth. Here is what we found:

The business license information was, in fact, that of another company. Same thing for the certificate.
The seller was operating without a company!
We asked the company whose name was on the documents for information. It appears the “seller” is simply a couple of people working from apartment.
A Google search revealed one complaint on the Internet.

To confirm our findings, we called the seller directly. Their reaction confirmed our suspicions. The seller hung off after 3 simple questions.

This story begs a few questions

Is it unsafe to work with a middlemen? Not much more than working directly with a gold miner.
How about a small trading company that consists of 2 people in an apartment and that pretends to own a mining company? Yes, it is definitely something to avoid!!
How about a gold seller that discloses nothing about their company name and shows another company’s legal documents? Prepare for the worst.
When should gold buyers proceed with a background check on their sellers? Usually, the best time to carry out any due diligence is before signing any sales documents or even releasing valuable information.

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Iszy Gold has been making buying gold from Africa easy for foreign buyers by providing a one-stop solution that offers everything you needs. From sourcing African local gold miner to negotiation, contracting, quality inspection, purchasing, Shipment, etc.

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How To Find Reliable Gold Miners in Africa

Let’s say you’re buying gold from Africa for the first time. Finding trustworthy African local gold miners or sellers will be near the top of your wishlist as everyone has heard the horror stories of African gold sellers behaving badly.

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Mistakes Gold buyers Must Avoid At All Time

There are various sources for identifying the right local gold miners in Africa, It’s important to verify the gold miners or sellers before proceeding, to ensure you’ll receive the timely delivery of your purchase from a reputable gold seller.

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Tips For Background Checks on Gold Sellers

You are looking for a gold miners in Africa, you see some nice website, and you would like to do a bit of research on the gold miner before getting too deep into discussions. This is wise. More and more people have developed tactics to.

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