Gold Bullion

Limura procures gold directly from the world's largest mining companies and from refineries at the very best prices. This enables the Company to supply other gold bullion dealers, jewellers, fund managers, hedge funds, financial institutions and governments with gold bars at wholesale prices.

The minimum order that Limura will accept is 2,000 troy ounces (62.5 Kgs) of gold and can offer a discount which can vary depending on the value of the order. All Limura’s gold bars are 99.99% pure or 24-karat gold.

Gold Bullion Ingots

Limura’s gold bullion bars are investment-grade and have been manufactured by Valcambi refinery whose bars have been accredited by LBMA as meeting the exacting standards for trading on the global OTC market and appear in the Good Delivery List and weigh 1 Kg, & 12.5 Kg and are less than five years old.

Application Criteria

Limura welcomes applications from businesses and institutions and will request a Client information Sheet (CIS). Limura will only deal with Buyer or Buyers mandated agent. If it is mandated agent the agent will be required to produce a mandate letter stamped and signed by Buyer before Limura will agree to terms or submit a full corporate offer. All enquiries from non-authorized individuals and brokers will be automatically rejected.

Delivery and Logistics

Limura can deliver gold bullion worldwide according to the following two procedures:

1. “Brinks to Brinks” Transaction

Brinks Global Services provides specialized and secure custody services for high value assets particularly for gold. They act as an independent third party, utilizing their secure vault network to hold both the asset and in some cases fund, acting as a secure “Brinks to Brinks” intermediary.

Mechanism: Brinks to Brinks Procedure:

The process is designed for high value assets trading, ensuring that Buyer has funds and the Seller (Limura) has the goods, with Brinks mitigating the risk of fraud.

1. Opening the Account: Both the Seller and Buyer must have an existing or newly opened internal accounts with Brinks Global Services.
2. Delivery to Vault: The Seller (Limura) delivers gold to a specified Brinks facility.
3. Verification (POP): Brinks verifies the gold quantity and quality and issues a Proof of Product (POP) or warehouse receipt to the Buyer confirming that gold is secured in their vault.
4. Proof of Funds: The Buyer sends a BCL (Bank Comfort Letter) or an equivalent instrument (e.g. MT199 RWA) to prove they have the funds, or they already hold the funds in Brinks escrow system.
5. Inspection and Blocking: Brinks managers at both ends communicate to verify the documents. The Sellers (Limura) manager authorises the blocking of the gold for buyers benefit, and the Buyers manager authorizes the blocking of funds for the Sellers benefit.
6. Payment & Release: Once the Buyer confirms the receipt of the POP and, if necessary, an independent assay report, they authorize Brinks to release the funds (if Brinks is handling the payment) or instruct their bank to pay funds directly to the Seller bank account.
7. Final Transfer: Brinks transfers ownership in their system and gold can be picked up or transported to Buyers location.

2. Swiss Procedure Bank to Bank

Swiss procedures, which means that FIRST there is proof that the gold literally exists and that it is in fact for sale by Limura holding title to "bankable" bullion bars, and the metal is unconditionally guaranteed by the Limura's Bullion bank.

Important Note: NO up-front payments or Bank Guarantee or Letter of Credit or POF.

Limura’s Swiss procedure for gold transaction is described below.

1. Limura will issue Soft offer with complete procedures.
2. Upon review and acceptance of the Soft offer, Limura will issue FCO signed on Limura's legal letterhead accompanied by a SKR from a top-tier bank, Certificate of Ownership, Certificate of Origin, Limura’s Certificate of Free and Clear Title, Certified Weight List, Assay Report, and a copy of the signatory authority and passport copy of authorized representative.
3. Upon acceptance and verification of Limura’s information, the Buyer/Buyer's Mandate signs FCO and submits a letter of intent signed on the Buyers or Mandates legal letterhead.
4. Limura will responds with the signed and sealed contract with full banking coordinates, and an invitation for the Buyer's bullion officer to contact Limura's bullion officer.
5. The Buyer/Buyer's Mandate signs the contract and accepts the invitation of Limura's bullion officer.
6. The Buyer's bullion officer initiates the contact with Limura's bullion officer via secure channels (Key Tested Telex-KTT).
7. Limura's bullion officer will verify the Au metal (SKR), the quantity available, and will disclose any/all liens and encumbrances attached to the metal.
8. Upon receipt of the proof of existence of the Au metal the Buyer will instruct his bullion officer to confirm the availability of funds to be used as payment when the gold is delivered.
9. The Buyer and Limura agree on a window time for exchange. The payment to Limura will be disbursed within 72 hours against the transfer of ownership of the metal.
10. Commissions/fees will be paid upon closing of each tranche to the parties stipulated in the contract, in the amounts shown.
11. All subsequent tranches will close as described above.