Gold Purchase

 


To determine if gold is genuine, use the Specific Gravity (SG) Worksheet.  The specific gravity of water is defined as one (1), meaning the density of water is 1 gram per cubic centimeter (1 g/cc) or 1 gram per milliliter (1 g/ml).  The specific gravity of WWII-era gold will be about 18.  Pure Au is 19.30 SG.  The SG of lead (Pb) is only about 11.34, so beware of gold-covered Pb.  Brass bars are obvious fakes at only 8.40 to 8.73 SG.  The best fakes are gold-covered tungsten (W) at 19.25 SG.  Such bars are extremely hard and brittle, however.  It is quite easy to drive a nail into or saw through real Au without breaking.

Pointe Group buys WWII-era gold (Au) at about 80% to 85% of the London rate, depending on market conditions.  Broker commissions are subtracted from the agreed rate and paid by Pointe Group by contract annex.  The initial "Test Buy" of up to 2 kg must be done in Metro Manila.  A simple SG test is done in a mutually safe public area, excluding banks.  If of sufficient SG, lab time is to be scheduled usually for the following morning.  We use only SEC-regulated, BOI-licensed lab facilities with modern equipment for assay purposes.  Within a week of the Test Buy, we can refine and purchase up to about 150 kg per day.  Larger amounts on the order of metric tonnes can be handled as well, usually by Revolving Letter(s) of Credit up to about $600 million each.