SOFT LETTER OF INTENT (LOI) FOR GOLD

I get so many inquires from new comers and season veterans that want to get into buying and selling gold that I decided to put my companies Soft Letter Of Intent (LOI) up on a blog! Let me start out by saying that it is the norm to be in this business for two years and not make a penny. Just be lucky that you have not lost any! Yes, it is true that when you close a deal it is of "lottery" proportions. That is of course the reason why most people put up with the time and frustration of completing a gold deal.

These deals come in all shapes, sizes, and places. From large (10,000 MT) to small (10 KG) amounts of gold. From gold dust to gold GLD bars. I have seen contracts from every part of the world even Vatican City. Every deal is different. That is one reason why it is hard to put a gold deal together. There is no stadard.

You hear of Swiss Procedure, World Gold Council Procedures, New Fed, etc. The list goes on and on. The Buyer is telling you the way they want it done, while the Seller is saying the complete opposite. It is enough to drive you crazy.

The question that plagues most intermediaries, brokers, and mandates is, "When do I quit?". We all have felt "it". "It" being like you are going in a big circle. It is your job to figure how to bring each side closer to each other. That is what the Buyer and Seller are paying you for. There is no doubt that you might want to give up. This is why I have enclosed my LOI so you and your potential sellers may view it. If you can convienve your Sellers to follow my procedures, your on your way to a "lottery" fortune.

Hear is some useful advice before I go. Based on my system, you don't have to sign NCND's, IMFPA's, S&P's, etc. It is all a waste of time. I'm sure most of you have dozens of them stacked up on your desk collecting dust. The paper is worth more than the deal. Just call me or email and let me know that your Seller is ready to move and I'll take care of the rest. I know, why didn't someone tell you this before?