Information about the gold mining and gold trade in Mali
Local dealers and brokers are buying gold. Top prices are paid. Something like 97% of gold market price to 100% of the gold market price may be obtained for gold that is located in Mali by local Mali gold brokers. All other nonsense about very cheap gold from Mali is incorrect and almost always fraudulent.
- Gold business in Mali is cash business
Gold business in Mali is cash business, just like everywhere else. Only in developed countries and large quantities are purchased in different manners. You mention indications of fraud, and those are: documents, mandate, "buyers and sellers", "exchange prior to delivery", sorry -- on ground they don't even talk like this. In gold business, the true gold trade, we do not even speak "buyer", "seller", we say, my office is here, bring it, we pay this price.
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