GOVERNMENT ACTION TO DOWN GOLD RATES

IN THIS TIME ALL OVER THE WORLD GOLD RATES ARE VERY HIGH SO THE GOVERMENT ACTION TO DONW THE GOLD PRICES SO NEXT MONTH I THINK GOLD PRICE IS DOWN IN ALL OVER THE WOLD

Gold rates

Live Market Quotes: "New York Spot Price
MARKET IS CLOSED
(Will open in 26 hrs. 31 mins.)
MetalsDateTime
(EST)BidAskChangeLowHigh
GOLD09/11/200917:141005.101006.10+8.70+0.87%999.301013.10
SILVER09/11/200917:1216.7316.77+0.06+0.36%16.6117.02
PLATINUM09/11/200916:571317.001321.00+32.00+2.49%1285.001327.00
PALLADIUM09/11/200916:00291.00296.00+1.00+0.34%288.00302.00



RHODIUM09/11/200911:001,500.001800.000.000.00%Investing in Rhodium


Click Here for Historical London Fix Prices
LONDON FIXGoldSilverPlatinumPalladium
Sep 11, 2009AMPM-AMPMAMPM
USD998.251008.25 16.89001287.001292.00 291.00292.00
GBP597.50604.18 10.1168770.90773.65 174.30174.85
Euro684.39690.96 11.5622881.50885.25 199.30200.05


www.kitco.comThe World Spot Price - Asia/Europe/NY markets
MARKET IS CLOSED
(Will open in 12 hrs. 11 mins.)
MetalsDateTime (EST)BidAskChange from NY Close
GOLD09/11/200917:141005.101006.10


SILVER09/11/200917:1216.7316.77


PLATINUM09/11/200916:571317.001321.00


PALLADIUM09/11/200916:00291.00296.00




XAU and Gold Ratios
Sep 11, 2009 17:14 NY Time
XAU169.082.01 Gold / XAU Ratio5.94
Gold / Silver Ratio60.08- Gold / Platinum Ratio0.76"

GOLD BUYERS ETC.

Not wearing that necklace or bracelet anymore? Do you have broken jewelry just laying around?



Gold Buyers Etc. is based in Las Vegas, NV. We promote our business throughout the state of Nevada as well as in Mesquite and Pahrump. Even if you don't live in Nevada you can still send us your gold - we accept gold from anywhere in the United States. We provide you with personal service by being available 7 days a week by phone or email.




We buy all types of gold in all karats, including yellow gold, white gold, platinum, sterling silver, gemstones (birthstones, diamonds, etc.) and watches. You can send us any form of gold, platinum, and silver, including necklaces, bracelets, earrings, watches, and rings. You can also send us unwanted, broken, or scrap items, such as a backing to an earring(s), gold or platinum inside a watch or on a watch, silverware, or any item that contains gold, silver, or platinum. You can even sell us your dental gold, e.g. dental fillings, crowns, etc. Even if you're not sure if your items are gold, we can test them to confirm. This is a great way to earn some extra cash to take a vacation, pay bills, or do whatever you wish. WE PAY TOP DOLLAR FOR YOUR GOLD, PLATINUM, AND STERLING SILVER BASED ON KARAT, WEIGHT, and the CURRENT MARKET VALUE OF GOLD.




Why sell your gold items to us?
Because we are just a phone call away. We can meet face to face at a "gold party" in most parts of the state of Nevada. You can be rest assured that your gold will be safe, secure, and that you will receive the best payout for your items within 24 hours if using our mail-in option. If you choose to book a home party, you will be paid cash on-site. Our business strives for professionalism at all times and we will do everything possible to make your gold selling experience enjoyable. We are committed to promoting ethical business standards and keeping all of your personal information confidential.


Please click on the "About Us" page and read about what we do and how you can earn extra cash in your pocket when you sell us your gold. There are two options for you to choose from, which are explained in detail. We hope you enjoy our website and if you have any questions, please feel free to contact us.



GOLD PARTIES CAN BE USED AS FUNDRAISERS, TOO!


























Gold Buyers Etc.




Las Vegas, NV 89134
702.272.0055
Contacts@GoldBuyersEtc.com
7 days a week, 8am-8pm PST

Sell Gold to Scrap Gold Buyers

There is a veritable treasure trove of gold scrap lying vacant in drawers of people across the nation. Just think about the gold chain that you wanted to fix or the squashed ring, which you never took to the jeweller to mend. Rather than keeping gold scrap in drawers, it is better to sell gold to buyers who are waiting to cash them. May be those old rings and broken chain are worth far more than you had imagined.


Scrap Gold Buyers is UK’s leading gold buyer over the Internet that offers the best price for your gold that too at competitive rates. We purchase unwanted, unused and scrap gold directly from you, without any interference of agent commissions. We do not deduct any charges or charge any commission on the price of the gold jewellery as done by agents. With the advent of Internet, you can also sell scrap gold of 9 to 24 carats directly over the Internet to us. You need not worry even in case your gold does not carry Hallmark as we duly determine and evaluate the carat value thereby deciding its price.


With the absence of a commission agent, the sellers are able to save a lot of time, money and efforts required to locate the nearest pawnbrokers as with the use of Internet, one can easily make transactions on online basis from the comfort of one’s home.
It is quite easy, fast and efficient to sell gold to Scrap Gold Buyers thereby turning your scrap gold into real cash.


We buy:


• Gold without hallmarks
• Gold coins
• Foreign gold
• Casings of gold watches
• Broken gold




You can sell gold to Scrap Gold Buyers by following some simple steps:


Fill in the online form, post the gold through a recorded or special delivery service, get the instant offer and receive the payment, it is as simple as that.

Buyers of Gold

At every recorded price, there is an exchange. For every buyer, there is a seller. Gold has a price. Someone is buying gold.

Why?

There are several possibilities. (1) He thinks the price of gold has not yet peaked. (2) He thinks he has no better use for his capital. (3) It isn’t his gold; he’s buying it on behalf of someone else. If "someone else" is the electorate, then the buyer can do what he wants. Voters have no meaningful understanding of gold. In this respect, they are a lot like University of Chicago economists.

Who are the major buyers of gold? Gold mining companies, central banks, gold speculators, and Indians. Then there are short-term speculators who sell promises to buy gold in the future at a fixed price, but who own no gold. We call them long speculators.

What I have written here is the mirror image of what I wrote in my previous report, "Sellers of Gold." The main point I am trying to make here is this: the primary buyers of gold are members of the same classes of people as the primary sellers of gold.

GOLD IN THE GROUND

This observation may not seem to be apply to gold mining companies. It initially appears that a gold mining company is exclusively a seller of gold. This is not the case, however. A gold mining company is an owner of gold in the ground. At some additional price, this gold could be mined at a more rapid rate. This would take additional capital investment and additional laborers, but the gold is there. It is, in this sense, stored in a vault. The vault is the ground.

This is Milton Friedman’s argument against the gold standard. He says that an economy wastes resources by extracting gold from a below-ground vault in order to store it in another vault. In his book, Capitalism and Freedom (1962), which was the book that launched his long career among non-economists, Friedman wrote this:

The fundamental defect of a commodity standard, from the point of view of the society as a whole, is that it requires the use of real resources to add to the stock of money. People must work hard to dig gold out of the ground in South Africa – in order to rebury it in Fort Knox or some similar place (p. 40).

The argument is clever but specious (i.e., anti-specie). The central economic issue here is liquidity. Gold in the ground is "dry" – illiquid. Men do not know exactly how much there is in some mine’s ground. They do not know how much it will cost to extract it and refine it. Owners cannot extract gold ore fast enough, or get it into a recognized, certified form fast enough, to enable them to respond rapidly to consumer demand.

Consumers cannot use gold in the ground to make precise exchanges – exchanges precise enough for gold in the ground to serve as money, which is properly defined as the most marketable commodity. Gold in the ground is "maybe." Gold stored in the form of ingots or coins in a vault above ground (or at least below street level) is "almost for sure."

Let me put this a different way. (1) The information costs of refined, certified, and labeled gold in a vault are much lower than the information costs of gold ore in the ground. (2) It is not possible to reduce information costs – a major advantage for economic participants – at zero price. (3) The cost of lowering the information costs regarding gold is what gold mining is all about.

Friedman, in his career-long, ideologically driven quest for arguments favoring the government-created monopoly of central banking, has always ignored one of the truly important insights of the Chicago School of economics, of which he is the leading member: information is not a zero-cost resource. (By far, the best book on this subject is Thomas Sowell’s Knowledge and Decisions.)

Friedman continues:

My conclusion is that an automatic commodity standard is neither a feasible nor a desirable solution to the problem of establishing monetary arrangements of a free society. It is not desirable because it would involve a large cost in the form of resources used to produce the monetary commodity (p. 42).

This chapter of his book should have been titled, "Anti-capitalism and Freedom." On matters monetary, Friedman has always been a statist. It is also worth noting that his reputation as a great economist among his professional peers has always been based primarily on his monetary writings.

(Note: I like Milton Friedman personally. I have known him for almost 30 years. But on the issues of gold as money and educational vouchers as freedom-producing, he and I have disagreed – sometimes publicly – for years. On the voucher question, see The Freeman, July, 1993.)

Gold mining firms are owners of less liquid gold. Managers may decide that at the present price, it is uneconomic to supply gold to buyers. Because they are holders of gold, gold mining companies are in effect buyers of gold. We call this form of demand "reservation demand." It is that form of demand that says, "at this price, I am not a seller of gold."

RESERVATION DEMAND

Most demand is reservation demand. We forget this because prices are set by buyers and sellers at the margin. Here is how this process works. Fred and Bill make an exchange. Fred (a buyer of gold and a seller of dollars) and Bill (a seller of gold and a buyer of dollars) act as self-interested individuals in making an exchange: dollars for gold/gold for dollars. If this exchange is recorded on an open free market, and it is also the most recent exchange, then the free market’s participants impute this price of gold in dollars to the value of the same quantity of gold in everyone’s holdings. If Fred buys an ounce of gold for $320, and if this exchange takes place in an open market in which other participants are allowed to make bids to buy or sell, then the market’s decision-makers impute to every ounce of gold a price of $320.

The reservation demand for both money and gold is gigantic. Everyone except Fred and Bill are implicit participants in the gold market, either as demanders of dollars or demanders of gold. Fred and Bill are explicit participants. The two of them act as surrogates for the rest of us.

A holder of gold who refuses to sell to Fred for $320 when Bill is willing to sell gold to Fred at $320 is an implicit buyer of gold. He is an owner of gold who hangs onto it. His demand is implicit, but it is nonetheless real. The gold owner thinks, "I want a higher price than $320. I will hold onto my gold." The same analysis applies to the holders of dollars.

This is why the primary classes of sellers of gold are the same as the primary classes of buyers of gold. They are the people who "make the market." They are the people who are best informed about the relationship between gold and money. As specialists with their own money at risk, or the money of the organization that employs them, the members of these groups act on behalf of all holders of gold or money. The best information available (at today’s price of information) is brought to bear on the price of gold.

The same analysis applies to all other specialized markets.

Conclusion: reservation demand dwarfs recorded demand on every market at any point in time.

HOLDING ON TIGHT

On both sides of Bill and Fred’s final, marginal transaction of gold vs. dollars are hundreds of millions of people. Most people hold onto dollars, caring little about gold. A comparatively few people hold onto gold in preference to dollars. Or, I should say, more people hold onto monetary gold in preference to dollars. With respect to gold jewelry, holders of gold are quite numerous.

The extension of the credit-based-money economy has escalated steadily since the day that commercial banks confiscated their depositors’ gold at the outbreak of World War I, and then all national governments immediately legalized this confiscation. The public has been taught by government-funded and government-regulated schools and also by the media that the pre-war gold standard was inefficient. Hardly anyone knows that the wholesale price level for commodities remained stable, 1815 to 1914, in those economies that were part of the international gold standard. The largest confiscations of monetary wealth in man’s history took place in Europe in 1914, and in the United States in 1933, yet the vast majority of the victims never complained. They were told that this violation of contract was necessary for the good of the nation, which in fact meant the good of the politicians, the commercial bankers, and the central bankers. Three generations of government-funded propaganda and central bank-funded propaganda have produced today’s world, which Friedman identifies as one in which "the mythology and beliefs required to make it [the gold standard] effective do not exist" (Capitalism and Freedom, p. 42).

The result has been the depreciation of the purchasing power of the dollar since 1914 by a factor of about 18, according to the inflation calculator on the Web site of the Bureau of Labor Statistics. Gold in 1914 sold for $20.67. Today, it is over $300: an increase of about 15 to one, i.e., a little less than the general depreciation of the dollar.

Will gold remain in the present price range? Will prices in general stabilize? If consumer prices do stabilize, and gold’s relation to prices also stabilizes, then there will be no spectacular rise in the price of gold. If gold’s price were to rise to 18 to one over 1914’s price of $20.67, it would rise to $372. Yet a few forecasters today are talking about gold at $1,000.

The speculator who believes that gold’s price will rise to such levels has to believe one or more of the following: (1) the price of gold is being kept down by gold sales by central banks that have been disguised as gold leasing. (2) Future reservation demand by central bankers is significantly lower than future reservation demand by Indian housewives and gold speculators. (3) The thinness of the gold market at the margin will result in a major price increase when a relatively small number of holders of dollars start buying gold. (4) The general economy is about to become more visibly inflationary.

I believe in all four. I believe them in descending order.

Central bankers hold most of the world’s monetary gold. Indian housewives hold gold in the form of jewelry. Either form of gold can be converted into the other. The question is: which way is the conversion process likely to take place? I think from monetary gold to jewelry gold. Central bankers don’t like gold, since it inhibits their monetary independence. They hold it mainly because they don’t trust the dollar, the world’s reserve currency. Putting it bluntly, they don’t trust each other. On this matter, I fully agree with them. When we read of gold sales today, these are generally inter-central bank gold sales. They are not sales to the general public. The sales to the public are disguised as gold leasing.

Gold leasing is one-way: from monetary bullion bars into jewelry or private hoards of coins (minimal). I believe that this one-way flow of gold will deplete the major reserves of gold that central bankers are willing to transfer to the general public. I think the United States and Great Britain will run out of disposable gold in this decade.

I think that the would-be holders of gold have been hampered in their willingness to hold gold by their fear of a falling price of gold. They are convinced that two factors are responsible: (1) falling prices of commodities in general; (2) central bank sales. They are unaware of the permanent nature of gold leasing. They are unaware of the magnitude of the one-way flow of gold into the hands of gold accumulators, such as Indian housewives, at the expense of central banks.

The gold confiscations of 1914 and especially 1933 are being reversed. But instead of Europeans and middle-class Americans taking advantage of the return of gold into the private sector, Indian housewives, Asians, gold bugs, and other "ill-informed" consumers are buying at central bank-subsidized prices what had once been the property of European and American commercial bank depositors.

Three decades ago, an economist friend of mine who served on the Senate Banking Committee’s staff suggested a way to hurt sellers of illegal drugs. The government should occasionally take its supplies of confiscated heroin and cocaine and dump them onto the market. This would force down the price of drugs and bankrupt drug dealers. This, he thought, would reduce the supply of illegal drugs by reducing the supply of pushers. The government has never followed his advice, but central bankers have.

MR. GREENSPAN, MEET THE PATELS

The reservation demand by central bankers is low compared to the reservation demand by Indian families. This is my personal estimation, which I cannot prove from statistics I am aware of. I base it on what I know about official central bank statements regarding the monetary role of gold (decreasing role) and the size of the gold leasing market (increasing). Central bankers have an ideological commitment to reduce the use of gold in monetary affairs. So do Indian families. There is mutual agreement here, and therefore the basis of a long-term exchange of gold ownership. These exchanges produce a one-way flow of gold from central bank reserves into jewelry.

The steady purchase of gold by Indians will continue for as long as central bankers sell gold to the general public, either officially (Bank of England, 1999-2002) or unofficially (gold leasing market). The primary limit is not demand by Indian families. The primary limit is central bank reserves.

Reservation demand by Western central bankers is lower than reservation demand by Indian families. If demand increases from other Asians, plus Indians whose income has risen or whose fear of war has risen, plus the central bank of China, then either the one-way flow of gold will accelerate or the price of gold will rise.

GOLD MINES AND RESERVATION DEMAND

Reservation demand by gold mining companies will increase. Here is why. Ask yourself this question: "If I were sitting on top of a gold mine, and I believed that the price of gold is likely to rise, would I sell all of the gold I produce, day by day?" Not if you were profit-motivated. You would hoard some of it.

Meanwhile, your competitors, who made a lot of money by selling future supplies of gold at a fixed price, and then profited when the price fell, are now experiencing the opposite effect. They are now required by contract to deliver gold at a fixed price. Their profits are falling. Yours are rising.

Gold mines that did not lock themselves into such contracts are now making more money per ounce sold. They can sell less gold, make a profit, and hold gold reserves for a future rise in price.

Mining operations reverse the conventional textbook picture of supply and demand. As prices fall, mining output increases for a long time before bankruptcy closes a lot of them. Mines have fixed costs, such as debt obligations. Management also doesn’t want to lose workers. So, when metals prices fall, mines increase output to meet payments on their fixed costs. They keep increasing output until their income from sales will no longer pay for their variable costs (e.g., labor expenses). Managers deplete existing reserves in order to keep the mines operating.

On the other hand, when metals prices rise, managers cut back on output for the opposite reasons. They seek a speculative profit either by withholding part of their output or by actually reducing output, thereby reducing their variable costs.

So, when gold rises in price and is expected to keep rising, buyers find that the supply of gold from mines does not rise fast enough to push prices back down. Would-be buyers find that they are facing new competition from gold mining companies whose managers have increased corporate reservation demand.

If central banks decide to buy gold, they must pay the going price. Usually, they buy either from gold mines or each other. If gold mines refuse to sell all of their output, and if other central banks refuse to sell, and if Indian families are unwilling to sell enough gold to meet demand at older prices, then the price of gold will rise.

Western central bankers are unlikely to increase their demand for central bank gold reserves. After all, it is not their gold. It belongs to the central bank, whose profits are regulated by the national government.

In contrast, the central bank of China is likely to increase its demand for gold as a way to demonstrate China’s growing influence in world markets. While Chinese central bankers have read the same textbooks as Western central bankers, Chinese government officials are interested in showing the West that China is no longer a backwater country. Gold has long been a way that most Chinese have measured their wealth and influence. They have not all accepted the West’s economic dogma that monetary gold is either a barbarous relic (Keynes) or a waste of resources (Friedman).

CONCLUSION

Buyers of gold (sellers of dollars) at the margin are likely to increase their demand. Gold’s price is going to increase because:

More investors will perceive that gold leasing is a one-way street, and so will not greatly fear gold dumping by central banks.
More Indians will be able to afford to buy gold if the Indian economy grows.
More Indians will buy gold if the threat of war increases.
China’s central bank will increase gold purchases.
Central banks always inflate.
Today’s reservation demand by gold mining companies is likely to increase when the price increases. This will reduce supplies offered to the public from new sources of gold.

Gold is a political metal. Central bankers will use gold reserves owned by the banks (not by themselves personally) to increase central banking’s autonomy from gold. They will sell gold to the general public from time to time. But, never forget, central banking’s autonomy from gold requires central banking’s dependence on the world’s reserve currency, which is the dollar. The more gold central banks sell, the more green they accumulate. Central bankers face a dilemma: "More green => more Greenspan."

Over the long haul, more people than today will learn to trust gold rather than central bankers. Friedman dismissed "the mythology and beliefs required to make it [the gold standard] effective. . . ." But he was correct in his general thesis: capitalism does increase freedom, and freedom increases people’s wealth. Although Friedman and Keynes and central bankers dismiss the suggestion that the monetary system should be based on "an automatic commodity standard," the essence of capitalism is reliance on automatic, market-created, market-supplied, market-policed institutional means of exchange, including money. To reject a free market in money is to reject the ideal of capitalism. It is also to reject the idea of freedom.

The 1990’s proved that freedom works. Communism collapsed. Capitalism is efficient. Statism doesn’t work.

Today’s monetary system is statist. As surely as the public in 1980 should have expected the collapse of the Soviet economy, people should expect the failure of central banking.

Gold or green? Gold or Greenspan?

Choose gold.

The high price of gold attracts buyers and sellers

Stocks are down. The dollar is down. Home values are down.
But drop by your neighborhood coin or pawnshop, and clearly something is up.
The price of gold is soaring out of sight. And with its price nudging $1,000 an ounce, potential buyers and sellers are turning out.
For some Seattle-area residents, this is the time to sell. Pawnbrokers report women are pillaging their jewelry boxes and bringing in old gold pieces.
"It's people all across the board," said Nancy Robinson, owner of Cash Company Pawnbrokers in Redmond. "People are selling their broken pieces. And women are selling bracelets from old boyfriends that they never wore because of bad memories."
Robinson said sellers may get only $130 for a 10-gram (0.35 ounce), 14-karat necklace, but that's triple the price of five years ago.
At Dave's Jewelry in the White Center area, a salesman said the number of people pawning their gold has jumped about 50 percent compared with two years ago. Most are selling out of need, not greed, he said.
"Most of them say they need to buy gas. They're serious."
Daniel Hoolahan, manager of the West Seattle Coins shop, has had similar experiences.
"A girl walked in today with an ounce of gold, and she couldn't pay her rent," he said. "So she sold the gold coin her grandma gave her." The young woman pocketed $982 and walked out satisfied.
It would surprise no one that sellers are taking advantage of the metal's record highs. But the far bigger trend, gold dealers say, is the surge in interest from people wanting to buy.
Ross Hansen, owner of the Northwest Territorial Mint in Auburn, said gold sales volume has shot up eight to 10 times normal in recent weeks.

The other day, a client sat across from him, ready to invest in gold. "And if I told you who, you would know his name," said Hansen, who wasn't telling.
At West Seattle Coins, Hoolahan said he is seeing more new buyers. "Some people look like they haven't much money on them, but they still want to invest in it," he said.
Other Seattle coin shops confirm a surge in interest, though one owner said the buying and selling has been even.
Hansen said people are buying gold because they're worried about the economy and the falling value of the dollar. The credit crunch, sinking home values, and soaring oil and food prices are making gold look like the safest place to put some cash. In times of crisis, gold tends to hold its value or go up, he said.
In addition, more interest-rate cuts by the Federal Reserve could send the dollar even lower. And when the dollar falls, gold prices generally rise.
Gold customers are "very concerned about the future economic prospects of the U.S.," Hansen said. "You do get a lot of paranoia."
There is, of course, one other reason people are buying. Chatter on the Internet that gold could shoot to $2,000 an ounce has attracted investors.
Experts, however, are mixed about the future of gold prices. A trader for MF Global in New York is on record for predicting gold could reach $1,500 an ounce if the Fed keeps chopping rates.
But Jon Nadler, a senior analyst at Kitco Bullion Dealers of Montreal, is skeptical. A gold-watcher for three decades, he expects by summer that bankers will get a grip on their problems, the dollar will begin to recover and gold will sink to "more-normal" levels of $650 to $750 an ounce.
Nadler argues that edgy hedge funds are ready to take a profit, while slowing demand from jewelers and growing supply will force gold back to earth.
In January 1980, as inflation soared, gold shot briefly to $850 an ounce. But speculators began to sell, and a year later gold had tumbled a third to $570.
Gold fans point out that even though the yellow metal may not bring riches to all, it could bring financial stability.
Bryan Geraghty, owner of Northgate Rare Coins & Precious Metals, said some customers are buying gold as a way of "forced savings."
"We've had fishermen come in and they'll buy some gold because that way they can't hit [their savings] in the ATM machine."
He's seen retirees, doctors and lawyers spend tens of thousands of dollars on gold. Coins are more popular than bars, even though they sell at a slight premium. Geraghty says people believe they are safer because governments make them.
As for the future price of gold, the veteran coin dealer doesn't hesitate. Geraghty is certain of what's to come.
"It'll definitely go up," he says. "Or down, or stay the same. It'll be one of those three."

Gold buyers and sellers

NAMC Worldwide arranges the private buying and selling of hallmark
Gold bullion,Non -hallmark Gold bullion and Gold Dust/Dore Bars in
any quantity above 1 matric Ton per Month.We work closely with
pribate Gold Bullion/Dust Buyers and sellers arranging transactions from
1 Metric Ton of Gold bullion/Dust and above per month.
Direct Buyers and Sellers can contact NAMC Worldwide to represent
them in any private commodity transaction,Gold,Platinum,Sugar,D2,
SLCO Grains and more...
We have representative in the following locations
New york
Los angeles
Atlanta
Las Vegas
China
Canada
London

FOR BUYERS SEEKING REPRESENTATION

Buyers of LBMA Hallmark Gold Bullion,Non-LBMA Hallmark
Gold Bullion and Gold Dust/Dors Bars in amounts of 1 Metric Ton and
above per month that desir to have NAMC Worldwide represent them in theirGold acquisition endeavors should contact NAMC Worldwide at 646-403-9972:We have the ability
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FOR SELLERS

As we work with and in some cases represent major probate gold buyers and buying groups who
are very specific in their Standard Operational Procedures of SOP`s we do require for the following steps
to be taken once we have in our possession a signed NCND(Non Circumvent/Non Disclosure)Agreement,
and they as follows:
1)Full details of the owner of the gold-including contact details.This is required so the
buyers can undertake `due diligence`procedures which may include ensuring the gold
is not of criminal origin and is unencumbered.
2)Location of the Gold Bullion - so agents can do their due diligence.
3)Unsanitized Full Corporate offer Made Out to NAMC Worldwide:
describing all detail of the offer in full
4)Individual or Corporate documentation,Sellers Mandate or Legal Representative Papers a
must.
We will only work with the End Seller,The sellers Mandate or the Official Legal Reprosentative of the Seller.
Daisy Chains of Brokers are not feasible as we need to work directly with the sellers legal
Representative/Mandate Papers if requested

FOR BUYERS

Buyers should have the following information available to us prior to contacting NAMC:
1)proof of funds:documentation stating that funds are available to undertake a particular transaction and that
funds are of a non-criminal origin
2)Individual or Corporate documentation,Buyers Mandate or Legal Representatibe Papers a must
3)preparedness to issue Unsanitized Letter of Intent(LOI)
We will only work with the End Buyer,The Buyers Mandate or the Official Legal Representative of the Buyer.
Daisy Chains of Brokers are not feasible as we need to work directly with the Legal Reprsentative/Mandate or
End Buyer.
**Buyers Must Issue Their Request to NAMC Worldwide on Corpotate Letterhead**
All documentaion must be in in our possession and all of the above procedures must be complied with prior to ANY
documentation being forwarded to any of parties that NAMC is currently working with.
With that said,NAMC Worldwide has relationships with various respected Gold Bullion buyers and sellers worldwide.
We have the ability to bring interested parties together for a mutually beneficial transactions
Both Gold Buyers and Sellers,Their Mandates or Official Reprosentatives can contact NAMC Worldwide at 646-403-9972,toll free 888-463-9237 or gold@namcworldwide.com