Who we are
A Gold General Trading FZC was founded with a mission of providing a safe and reliable way to buy gold.
“We founded A Gold because we saw an opportunity to do things differently”
said the Founder of the company. “We’re passionate about customer service, and we go out of our way to get the best value for the gold our Sellers sell to us, either directly or through our network of buyers.”
A GOLD has been in business since 1970 starting in Canada and currently has over 120 employees worldwide. The Head Office and Main Operations Center is based in United Kingdom. in AAA office space and warehouses in other locations around the world.
A GOLD has Clients in over 50 different countries.
A GOLD has a Working Capital that can easily handle over $6 Billion in Gold Purchases per year (which is more than 150 tons per year with our preferred deliveries of 1,000Kg, or even 2,000Kg per week, per customer with max 3 customers per week due to the limitation of our nominated refineries to refine more than 1,000Kg per day).
DUE DILIGENCE AND COMPLIANCE REQUIREMENTS
A Gold General Trading FZC is a company registered with the Government of the UK. and has a license for Trading in Precious Metals, having gone through all due diligence and compliance procedures with the Authorities.
The Shareholders and the company have bank accounts with the Major Banks in the U.A.E. (Emirates NBD, Bank of Singapore, Emirates Islamic Bank, NBAD – National Bank of Abu Dhabi, Mashreq Bank, HSBC, Citibank, Standard Chartered Bank and First Gulf Bank) from which both the Shareholders and the company has again gone through detailed due diligence and compliance procedures for money laundering by their Bank’s Legal and Compliance Departments, since it is not easy to open bank accounts for companies trading in Precious Metals in the U.A.E.
The company, besides the Government Agencies and banks, has also gone through strict due diligence and compliance procedures with Transguard Security Services owned by Emirates Airlines and the government (www.transguardgroup.com) G4S Security Services (www.g4s.com), Brinks Security Services (www.brinks.com) and the Dubai Government Authority – Dubai Multi Commodities Centre (DMCC – www.dmcc.ae), in order to be able to be registered and be a Client with them and deal in gold trading.
All of the above make all our Sellers feel comfortable that they deal with a top, reputable company and they do not lose their time trying to find out whether the Buyer is legitimate and respected.
Please note that every Seller to A GOLD will also have to undergo full due diligence and compliance procedures undertaken by our Legal Department in order to satisfy our Precious Metals Trading License requirements from the UAE Government, our Banks (that in order to make payments over $500,000, need to have clearances for the recipient by their Central Bank), Local Authorities at the Seller’s Export Country & Police, Interpol, United Nations, Scammers List, Export Country Embassies Black List, the Security, Transport & Customs Clearance Companies, like G4S and Brinks, and DMCC, just to mention a few, in order to be able to do business with A GOLD, since the last thing we are interested in doing for any profit is to do business with scammers, criminals, terrorists or any other illegal entity.
Banks will be unable to process a transaction that involves a breach of sanctions, and authorities may require the disclosure of information. The bank is not liable if the Seller, or any other person, fails or delays to perform the transaction, or discloses information as a result of actual or apparent breach of such sanctions. Shipments, trans-shipments or transit to, from or through Iran, Cuba, North Korea, Sudan, and Syria is prohibited, as well as any party which is sanctioned by the United Nations, United States or the European Union, or United Kingdom, is to be involved in the transaction in any manner. Please also note that Israel is also on the list of sanctioned countries for the U.A.E. No party in any of those countries (which includes any aircraft or vessel flagged in, or owned or operated by a party in, such country) is to be involved in the transaction in any manner. The Banks may not complete a transaction which involves such a party, or any party in the above countries.
Those looking to sell their gold should first visit our site at www.ekagoldfzc.gold and follow the instructions, or email us at the email address found on the “contact us” page. The process is completely risk free, and the Seller can choose to accept or decline our offer.
We mainly buy only gold bars CIF Dubai and we always pay within 3 days after the Assay Results from our nominated Assayer and always based either on the previous day’s LBMA second fixing on the day of the Assay Result or we can also consider the Spot Bid Price. If the Seller isn’t satisfied with the Assay result from our nominated Assayer, they can just take back their gold and pay only for the expenses incurred on their behalf (customs clearance, transport via security company, insurance, smelting and assay results) and paid by A GOLD.
In the case that both parties proceed with the sale, then all the expenses (including the re-smelting, transport, security & security costs to move the gold bars to a smelting house) if incurred in the importing country will be covered by the Seller, in addition to any costs in the Export Country (taxes, insurance, security transport, shipping, etc.), without any cost to A GOLD (the Buyer).
Buying Gold from Sellers
1. Gold Mining Companies, Small Scale Miners, Gold Brokers and Gold Dealers from all over the world
2. Companies or Individuals looking to sell their gold in quantities of more than 10Kg and preferably a minimum of 100Kg per month with a yearly contract
3. Our weekly capacity for purchasing gold is 2MT per week, which makes it over 8MT per month or 150MT per year.
Selling Gold to Buyers
A GOLD has agreements with over 40 major banks and refineries around the world to trade any quantity of gold to companies and high net worth individuals around the world and if you are also interested to buy gold from us, we can sell you quantities of over 100Kg per shipment for +2% premium over the Spot or London Fixing price (and only after receipt of a non-refundable 5% Security Down Payment) on the day of order/payment, or +3% premium for quantities less than 100Kg. Delivery can be arranged within 1 business banking days from receipt of full payment.
We can supply an almost unlimited quantity of gold.
You can find detailed procedures, terms and conditions in our website at the following link FCO_for_Buyers.doc