I received this email today:
I was wondering if you could help me with something. I am looking for large orders of gold bars to buy at a discount. Very large orders. It’s for an asset management firm. I am looking for the following : 12.5kg bars (400oz), 999,5% or better. Target price LMER 2nd fixing. Discount 8%-10% gross. We will provide LOI, NCND &MFPA after which FCO is required. Do you know any sellers.I replied: With Central Banks short 10,000 to 15,000 tons of gold, why in the world would anyone sell you size at a discount? No I can't help you.
Note to readers: If you are stupid, I can put you in touch with the buyer.






















