Buying/selling gold dust, taxes and refining?

Buying/selling gold dust, taxes and refining?

I have an opportunity to buy about 1 to 2 oz gold per week from a small mining operation. Price is 70% of spot which is tempting….

The gold is fine dust/flour. Impurities are likely to be Cu, Hg and Ag, not to mention sand and dirt. Will be treated with nitric acid before buying. I’ve been told it’s around 90% but have no proof at the moment.

The plan would be to get a small batch, have it asseyed, and if it comes back as expected, accumulate it for a while then have a bunch of it refined.

Any recommendations on where to send it to get asseyed and refined? Be nice if it was local (northern CA) but anything works as long as they are trustworthy and have good rates. 10/3/11 https://www.kitcomm.com. Read More

Comments

  1. I am writing to you at this time to advertise the availability of our
    main products, alluvial gold and diamonds in bulk quantities. As we
    represent a large number of local surface mining, we are prepared to
    provide quantities up to 400 kilograms of 24.karat alluvial gold
    monthly

    DIAMOND PROCEDURE

    D-E VVS1
    D-E VVS1/VS1
    F-G VVS1
    F-G VVS1
    G-H-I SI1
    H-I VVS1/SI1
    F-H-I VVS1/VVS 2
    F-G-H SI1
    G-H VS1
    G-H-I VS1
    G-I VVS1/VVS 2
    F-G-H VS1
    F-G SI1
    G SI1
    G-H VS1
    H SI1
    —————–
    VS1-VS2; D
    VVS2- VS2; E
    VS1-VS2; H
    VVS1- VVS2; IF
    VS1-VS2; D
    VVS1 – VS2; IF
    VVS1 – VVS1; G
    —————–

    G-H-I SI
    H-I VVSI/SI

    F-H-I VVS/VVSI

    we have more… we only deal real buyer not fake buyer.. Buyer need to
    come and inspect what he is buying .GOLD PROCEDURE

    Following is information concerning our product:

    Quantity: 400 kilograms available monthly

    P $38,000 per kilo

    Quality: 22. karat alluvial Au

    COMMODITY … … AU DUST

    PURITY ………. 97.87%

    QUANTITY … . 200 KILOS (1st DELIVERY)

    ORIGIN … .. GHANA

    DELIVERY … WITHING 5 WORKING DAY UPON RECEIPT OF SHIPPING FUND

    Assay reports provided by SGS Laboratories, Accra,

    Our firm is in possession of the Gold Export Certificate issued by the
    Government of the Republic of Ghana necessary to export gold from
    Ghana, thus we can provide service to any part of the world.

    We are prepared to offer the quantity of gold required to the Buyer
    [or their representative] We are waiting to serve you better

    Best Regards
    Richardson

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