Buy Raw Gold From Uganda

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Buy Raw Gold From Uganda

Buying raw gold from Uganda can be a viable option, as the country is a significant gold producer in East Africa. However, it involves navigating legal, financial, and security considerations. Here’s a guide on how to proceed:

1. Understand the Legal Framework

  • Licensing Requirements: Ensure that the seller holds a valid mining or export license from the Uganda Directorate of Geological Survey and Mines (DGSM).
  • Due Diligence: Verify the origin of the gold to ensure it is not linked to illegal mining activities or conflict zones, complying with the OECD Due Diligence Guidance for Responsible Supply Chains.

2. Finding Reliable Suppliers

  • Reputable Dealers: Focus on registered mining companies or exporters in Uganda’s gold hubs like Numbi Precious Metals Ltd in Tiira Busia Uganda
  • Trade Associations: Contact organizations like the Uganda Chamber of Mines and Petroleum (UCMP) for recommendations.

3. Documentation and Verification

  • Export Permit: Sellers need an official export license to legally sell gold internationally.
  • Assay Report: Request an assay certificate to verify purity, often conducted by Uganda’s certified laboratories.
  • Invoice & Purchase Agreement: Ensure all documents are properly drafted to avoid disputes.

4. Payment and Security

  • Avoid Cash Deals: Use secure payment methods like bank transfers to track transactions.
  • Secure Transport: Use reputable logistics companies for insured and secure transport, especially if exporting large quantities of Gold.

5. Exporting Gold from Uganda

  • Customs Declaration: You’ll need to declare the gold at Uganda Revenue Authority (URA) and pay applicable taxes or export duties.
  • Destination Country Compliance: Check import regulations in your home country regarding raw gold to avoid legal issues.

6. Risks to Consider

  • Fraud: Uganda’s gold sector has had cases of scams. Be cautious of deals that seem too good to be true.
  • Legal Compliance: Ensure both the purchase and export processes meet local and international legal standards to avoid seizures or penalties.

Would you like me to supply with our wide Precious Metals as Numbi Precious Metals Ltd

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