Gold Mines Selling Gold at 20% Discount

[Goldmine]

I heard that some privately owned gold mines are offering to sell gold at a discount at up to 20% off spot. They will do this if they are paid cash now and gold is delivered in the future, for example, 6 months or 1 year. Does anyone hear know of any or would be interested in exploring ways to find such companies?

[<===Foolsgold]

I heard that some privately owned gold mines are offering to sell gold at a discount at up to 20% off spot. They will do this if they are paid cash now and gold is delivered in the future, for example, 6 months or 1 year. Does anyone hear know of any or would be interested in exploring ways to find such companies?

I have a goose that lays golden eggs I will sell you too.

[Gcubed]

I heard that some privately owned gold mines are offering to sell gold at a discount at up to 20% off spot. They will do this if they are paid cash now and gold is delivered in the future, for example, 6 months or 1 year. Does anyone hear know of any or would be interested in exploring ways to find such companies?

The CFTC may be interested in talking to them.

[Goldmine]

Aren't you Guys a bunch of positive thinkers. Actually, I understand there are quite a few small producing mines, that need more capital to expand operations. The public market is out of the question because they are too small, they only produce maybe 500-1000 oz per month. They cannot go and sell futures contracts because the requirements are too difficult for a small company to meet. To ramp up they need much more capital, so they sell a portion of production to private investors at a discount, to entice the investor to pay upfront and they use the capital for expansion. Anyway, I will try and track done some companies. If I find them I will post it here.

[Gcubed]

Aren't you Guys a bunch of positive thinkers. Actually, I understand there are quite a few small producing mines, that need more capital to expand operations. The public market is out of the question because they are too small, they only produce maybe 500-1000 oz per month. They cannot go and sell futures contracts because the requirements are too difficult for a small company to meet. To ramp up they need much more capital, so they sell a portion of production to private investors at a discount, to entice the investor to pay upfront and they use the capital for expansion. Anyway, I will try and track done some companies. If I find them I will post it here.

What you describe IS selling futures contracts! I'd be careful of what you are pumping.

[dacrunch]

I saw a post like this on the forums a few years back:

"I've got a gold mine & need some cash-flow money to keep operations running..." etc.

Never followed up on it - but I'd have to really be RIGHT THERE (with some other "metal") to watch over it...

[Tecumseh]

I heard that some privately owned gold mines are offering to sell gold at a discount at up to 20% off spot. They will do this if they are paid cash now and gold is delivered in the future, for example, 6 months or 1 year. Does anyone hear know of any or would be interested in exploring ways to find such companies?

Hey Todd - how have you been? Are we talking about Quartz Creek gold or Porcupine gold?

[~BS]

Hey Todd - how have you been? Are we talking about Quartz Creek gold or Porcupine gold?

Chances are any investor in a scheme like this would be up **** creek. There's no way I'd want to do something like this without some form of collateral

[Goldmine]

Chances are any investor in a scheme like this would be up **** creek. There's no way I'd want to do something like this without some form of collateral

I agree about the collateral and asked and they are willing to secure the purchases with their property and equipment.

[anywoundedduck]

I heard that some privately owned gold mines are offering to sell gold at a discount at up to 20% off spot. They will do this if they are paid cash now and gold is delivered in the future, for example, 6 months or 1 year. Does anyone hear know of any or would be interested in exploring ways to find such companies?

Horsesheet!

[southfork]

research 419 scams on yahoo

[Goldmine]

I understand all of the skepticism. And yes there are scams out there, but these are mines that you can actually go and visit, see the operations, perform due diligence to ensure mineral rights and ownership are properly documented. Confirm the gold is being mined with ones own eyes, etc. If I find any I will post it here. I will only post something serious. Meaning I have done some preliminary due diligence.

[<===Foolsgold]

I understand all of the skepticism. And yes there are scams out there, but these are mines that you can actually go and visit, see the operations, perform due diligence to ensure mineral rights and ownership are properly documented. Confirm the gold is being mined with ones own eyes, etc. If I find any I will post it here. I will only post something serious. Meaning I have done some preliminary due diligence.

Well then congratulations and good luck....don't let the door hit you where the good Lord split you on the way out.

[Goldmine]

Happy New Year everyone! Well boys and girls, I have actually found two mines in Brazil that will offer gold at a discount for future sales. I have performed some preliminary due diligence and they seem to be legit. Anyone want to help me with the due diligence? If the due diligence pans out, I will take a trip to Brazil and see with my own eyes what is happenning. Let me