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Blocked Funds and Other Pseudo-Instruments: Why They Are Rejected by Gold Sellers
In gold trading, a certain category of document has become remarkably common. It goes by different names depending on who is presenting it: blocked funds, a bank comfort letter, an MT799 message, a proof of funds certificate, a Ready Willing and Able letter. The names vary. The underlying problem does not.
Jul 9
How to Spot a Fake Gold Seller in Kenya Before You Lose Anything
How to spot fake gold sellers in Kenya
Jul 9
CIF or DAP? Why the Term in Your Gold Contract Matters More Than You Think
Sellers describe their offering as CIF. Buyers ask for CIF terms. Brokers negotiate CIF deals. The word is everywhere in WhatsApp messages, email chains, and verbal discussions. It has become the shorthand for a specific kind of transaction
Jul 2
Cash and Carry Gold in Kenya: The Good, the Bad, and the Ugly
Most people who arrive in Kenya to buy gold are not buyers. They represent one. Somewhere behind them; in Dubai, in Qatar, in a boardroom they have never been invited into; there is a principal with capital and an instruction. The person on the ground has a mandate: find the gold, verify it, and send word when it is ready. The money will follow. It will not follow. This is the foundational problem of cash and carry in Kenya, and it precedes every fraud, every standoff, and ev
Jun 15
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