Does that really make sense?
Have you ever received an offer for like 1000 – 5,000 MT of gold bullion and wondered how is this possible, the answer is simple. Just use some common sense and you will see quickly that most if not all of these offers are not real. I have noticed that most brokers have no clue how much gold bullion is actual available for sale in the private market.To give you a visual of how much bullion is actual available per country, take a look at this illustration below.
Now that you have a better understanding of the reality the next time some one says that they have more than an entire countries gold reserves you may think twice before you waste your time. Its been my experience that real private gold bullion transactions ,which are actually in the metric ton range don’t normally exceed 500 MT for the entire contract. The contracts can span 6 to 24 months or more and are generally delivered in tranches between 1-20 MT per month. On a rare occasion you may see a large spot purchase but they are few and far between. To give you a perspective of how many 12.5 KG bars are in 2000 and 500 MT of gold bullion, and what the cost would be for these transaction I have provided some quick math below.
If you are working with our are a direct buyer or seller of either dore or GLD contact us
QUICK MATH :
2000 MT GOLD BULLION
THERE IS APPROX 1000 KG PER METRIC TON OF GOLD BULLION.
THERE IS 80 (12.5 KG ) KILO GRAM BARS IN 1 MT OF GOLD BULLION.
IF YOU HAVE 2000 MT OF GOLD = 160,000 (12.5 KG) BARS OF GOLD BULLION ) DOES THIS SOUND REALISTIC TO YOU.
CURRENT RATE OF GOLD AS OF TODAY 1-18-2013 – $1687 PER OUNCE OF GLD.
THERE IS 35,273 OUNCES OF GOLD PER METRIC TON X $1687 = $60,011,651 PRICE FOR 1MT GOLD BULLION
2000 MT AT TODAY’S PRICE OF GOLD BULLION WITH NO DISCOUNT WOULD BE = $119,081,648,000
500 MT GOLD BULLION
EVEN IF ITS ONLY 500 MT IT WOULD REQUIRE 40,000 (12.5KG )BARS OF GOLD BULLION. SOUNDS LIKE A LOGISTICAL NIGHTMARE TO ME, THIS IS IS WHY MOST TRANSACTIONS OF THIS MAGNITUDE ARE DONE ON A CONTRACT BASIS AND DELIVERED MONTHLY OVER A 12-24 PERIOD OF TIME.
500 MT AT TODAY’S PRICE OF GOLD BULLION WITH NO DISCOUNT WOULD BE = $29,752,775,500
If you do have real solid vetted buyers or sellers then feel free to contact us, note we gets hundreds of offers all the time.