How to buy Gold from Africa

When we talk about how to buy Gold from Africa we mean physical Gold. Africa is still very far behind when it comes to Gold ETFs or digital Gold. What you will find from Africa is mostly Gold nuggets and Gold dore bars even though countries like South Africa, Uganda have fine Gold 24 karats .999%. Africa is a continent that is rich in Gold and other minerals but getting to it can sometimes be difficult. This is because the continent is still very difficult to access. Infrastructure is still very far behind in mining areas hence making it difficult for investors to meet with direct sellers.

In the western world, the most common way to buy physical gold which is jewelry, coins, or gold bar is by visiting a jewelers shop. They also buy Gold coins and gold bars from Banks and other financial institution. There is also the gold saving scheme which allows a buyer to deposit instalments every month for a period of time.

Gold is not considered as a means of preserving wealth in Africa. It is a mineral to be sold and explains why 98% of Gold produced is exported out of the continent. If you are looking to diversify your portfolio using Gold, then Africa is a great place to buy. They will exchange gold for cash anytime.

The processes involved in buying Gold from Africa

People are turning to digital Gold because buying physical gold involves a lot of documentations, middleman fees and taxes. In Africa the process of buying gold varies from country to country. One thing is certain though there’s a lot of documentation involved. If you are talking to an experienced vendor, then they will help get you through the process.

There are countries in Central Africa who will require you get the Buyer’s Permit while East Africans will require an export license and a TIN number. If you are okay in the side of documentation then buying Gold from Africa will be a breeze.

Vendors in some of these countries help you with documentation while others just sell and move on. What you need is a vendor who has exported gold before. They know all the requirements and will help to make sure you don’t get stuck in a bad deal.

If you are looking for a safe place to buy Gold in Africa without documentation hassles, contact Vasco Gold. We have been providing gold and also assistance to many business men for decades. Our prices are the best and terms negotiable. Vasco Gold is the best place to buy Gold in Africa for beginners.

Price of Gold in Africa

The price of Gold in Africa largely depends on where you are in the continent. Gold prices in the mines sold by local artisanal miners is lower than what you will find anywhere. Despite them being the miners, they barely survive and this is due to the prices at which the gold is sold. Middlemen buy gold from them very cheap and then sell at a huge profit. There are areas in Africa where a gram of gold sells for $20 and people in these areas live on less than $1 per day.

To get the best price for gold in Africa you need to work with the best Vasco Gold. We work with more than 2,000 local artisanal miners across Africa. This ensures we always have a steady supply and it is why we can sell at good rates. Our company is experienced, transparent and will handle your business deal in the best way possible Contact us today for more information on how to buy gold from Africa.

Frequently Asked Questions(FAQs)

Can I buy Gold direct from Miners in Africa?

Yes you can buy Gold directly from miners. People buy online from middlemen because they have difficulties reaching the mines. Accessibility to the mines is not easy and it takes days. Some of these areas are in rebel stronghold so security too is a problem. If you can take the risk then you can buy directly from the local miners.