analysis of sovereign bullion portfolio - crown gold reserveslet's move on with the quotation...
TRANSCRIPT
Analysis of Sovereign Bullion Portfolio - CrownGold Reserves
Gold2me.com
April 7th 2017
Contents
1 What is this about? 2
2 The Offer 3
3 Sovereign Bullion Portfolio "Off-Market" Private Treaty Sale 33.1 What we say on that? . . . . . . . . . . . . . . . . . . . . . . 43.2 They are "legal mandate" . . . . . . . . . . . . . . . . . . . . 5
4 DESCRIPTION OF PRODUCT 64.1 COMMODITY . . . . . . . . . . . . . . . . . . . . . . . . . . 64.2 FORMAT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74.3 PURITY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74.4 HALLMARK . . . . . . . . . . . . . . . . . . . . . . . . . . . 74.5 QUANTITY . . . . . . . . . . . . . . . . . . . . . . . . . . . 74.6 STORAGE . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74.7 INSURANCE . . . . . . . . . . . . . . . . . . . . . . . . . . . 74.8 TRADE STATUS . . . . . . . . . . . . . . . . . . . . . . . . . 8
5 TERMS OF PURCHASE 85.1 MODALITY . . . . . . . . . . . . . . . . . . . . . . . . . . . 85.2 DISCOUNT . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95.3 CONTRACT SIZE . . . . . . . . . . . . . . . . . . . . . . . . 95.4 FIRST LIFT . . . . . . . . . . . . . . . . . . . . . . . . . . . 95.5 FURTHER LIFTS . . . . . . . . . . . . . . . . . . . . . . . . 95.6 DELIVERY . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105.7 PAYMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
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5.8 FEES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105.9 SPECIAL FEATURES: . . . . . . . . . . . . . . . . . . . . . 105.10 TRANSACTION PROCEDURES . . . . . . . . . . . . . . . 125.11 CONFIDENTIAL SELLER INFORMATION . . . . . . . . . 145.12 PROOF OF PRODUCT . . . . . . . . . . . . . . . . . . . . . 145.13 FULL CORPORATE OFFER / OFFICIAL MANDATE PA-
PERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155.14 CONTRACT NEGOTIATIONS . . . . . . . . . . . . . . . . . 16
6 Robert Cohen 166.1 Statements to Robert Cohen . . . . . . . . . . . . . . . . . . . 20
6.1.1 Analysis of the pictures sent by entity "Robert Cohen" 20
7 Who is Robert Cohen? 21
8 Hong Kong Bullion Scams 21
9 Hong Kong’s Largest Gold Bullion Vault 21
10 Conclusion 21
1 What is this about?
Sovereign Bullion Portfolio - Crown Gold Reserves, sale of gold from HongKong, with 200 metric tonnes of gold per week, is a pretentious and by allindications fake and fraudulent offer being sent by the entity named RobertCohen and Jones Wyatt Corp. The article is debunking the fictitious argu-ments claimed in the fraudulent offer.
This article is published under Creative Commons Attribution 4.0 li-cense, and the information received from mentioned parties was received inaccordance with the Goldivanti LP website Terms & Conditions.
The parties that have submitted the article to GOLDIVANTI LP wereRobert Cohen with the website http://www.joneswyatt.com and his LinkedInprofile, and the assumption is that he has the copyright on the offer, yet theoffer has been submitted under the Creative Commons Attribution 4.0 li-cense, so it can be published, modified, changed, distributed, copied as wewish. Thanks to authors.
The other party such as [email protected], fully anonymous, hasbeen distributing the *Sovereign Bullion Portfolio - Crown Gold Reserves"
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offers, with the copies to all kind of genuine and not genuine gold traders.We have got the same offer through 2 parties.
And we don’t buy it.And here it will be explained why we don’t buy it.In short, when somebody is sending an "offer for gold" to GOLDIVANTI
LP that is clearly fraudulent, that somebody shall expect no privacy or"confidentiality", until it is explicitly stated. That is in accordance with thewebsite terms and conditions.
It’s such a good thing that people are inquiring to us and submittingtheir articles under the permissive copyright license, so that we may publishthis kind of aticles online.
Our website Gold2me.com has got this offer from Goldivanti LP and wefound it interesting, so it is being published on this independent website,that is run by US jurisdiction.
2 The Offer
The offer is marketed by Robert Cohen with the wordings such as:
• Crown Gold Reserves (Hong Kong)• Sovereign Bullion Portfolio• "Off-Market" Private Treaty Sale• Private and Confidential• Valid until June 30, 2017• Stock Regularly Replenished• Sovereign Bullion Consignment
The Sovereign Bullion Portfolio offer is available for download, and itwas given to us under the Creative Commons Attribution 4.0 license, sothat everybody is free to distribute it, modify it – or just read the license tounderstand your rights.
It is distributed as Portable Document Format (PDF) file, through emails,and we guess it is distributed to hundreds of not thousands of people whoare in gold industry.
3 Sovereign Bullion Portfolio "Off-Market" PrivateTreaty Sale
It starts like this:
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• Second Quarter, 2017
• Private and Confidential
• Valid until June 30, 2017
• CROWN GOLD RESERVES
• STOCK REGULARLY REPLENISHED
• SOVEREIGN BULLION PORTFOLIO "OFF-MARKET"PRIVATE TREATY SALE
• EXECUTIVE SUMMARY
• SOVEREIGN BULLION CONSIGNMENT
• CROWN GOLD RESERVES (HONG KONG)
• FORMAL OFFER TO SELL
• FIRST LIFT: 200 MT of product
3.1 What we say on that?
1. Neither the offer is private nor "confidential", it is being distributedto public through the mailing list, and without any subscription. It ispretentious claim to make it sound more authentic.
2. Crown Gold Reserves is the statement to give the impression thatgold bullion offer is related to "crown". Which crown? Is it BritishCrown? Is it maybe Hong Kong crown? I mean Hong Kong is aspecial administrative region of China, and China has no crowns. Thepretentious title Crown Gold Reserves is there for naive people.
3. Stock Regularly Replenished is to say that 200 metric tonnes ofgold are regularly refilled, that also means it is regularly sold. So, if itis regularly sold, I mean, they claim to have 200 bloody metric tonnesof gold, that are regularly sold and refilled in their storages, then whythey are sending this same joke of the offer to hundreds and thousandsof unknown and supposed buyers. Why don’t they simply offer thesame gold to the previous buyer, finally it is regularly replenished, theyshall have no problem to sell it "regularly" to their present "buyers",if there would be such.
4. Sovereign Bullion Consignment, that is just a title of the business.There is no such thing as being sovereign in any kind of transactionsinvolving banks, as sovereign means autonomous and independent, that
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title is left just for few people in the world. As soon as a bank, orcountry’s laws are used in transaction, say good bye to any sovereignity.Yet the title is to make us believe that offer is real.
5. First Lift: 200 MT of product – I mean, they want to say 200metric tonnes of gold?! Considering that current value of gold is US$40,390.98, then the value of 200,000 kilograms of gold shall be US$8,078,196,582.83.
My education is not of that quality that I can read that number. So,I have asked my computer to spell it out in English language. And itsays, it is eight billion, seventy-eight million, one hundred and ninety-six thousand, five hundred and eighty-two dollars and eighty-threecents.
So, they have "regularly sold" gold worth more than 8 billion dollars,I mean just the commission of 1% on 8 bullions is like US $80,000,000which is 80 million US dollars. Mr. Robert Cohen thus claims in theoffer to have received this commission multiple times. Regularly.
3.2 They are "legal mandate"
Let’s move on with the quotation of their "gold offer" and the analysis.
We are the Legal Mandate for a Sovereign Seller/Title Holderwho holds title of ownership to considerable bullion assets inHong Kong.
When somebody is a "legal mandate" that means they have a legal doc-ument authorizing them to sell or buy or do other actions for the principal.
At the moment of such representation, the mandate letter shallbe shown to party to which one is representing.
Yet they are not only showing the mandate letter, they are hiding it.That is further the indication of fraud or money laundering.
We are authorized to offer for sale the below GLD standard bul-lion in accordance with the terms and conditions hereafter setforth, subject to acceptance of the final Sale and Purchase Agree-ment.
When somebody is authorized by legal document, the legal documentis to be shown at that moment or at the moment of request to show theauthorization. Yet, they are hiding all the matters and details.
Maybe the "Crown" does not want to get disclosed?
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The transaction will be managed exclusively within the secureconfines of the banking system under full banking scrutiny andvigilance and in conformity with applicable laws and interna-tional standards and regulations. This being Sovereign bullion,the proceedings will be subject to close regulatory oversight.
Well, if that above would be true, Mr. Robert Cohen would be alreadyin jail for breaking all the regulations in regards to money laundering thatapply in United Kingdom.
The Seller’s Transacting Bank is HSBC, Hong Kong, Main Of-fice. Buyers may elect, as their Payment Settlement Bank, anymajor Bank in Hong Kong or they may utilize the Seller’s parentBank, HSBC Bank, London, Head Office. The sale proceeds willbe remitted by the Seller to the countries involved to finance wor-thy government infrastructure projects and other humanitarian,charitable and public interest works.
Now they want to tell us, that they are regularly sending 8 billion dollarsto governments and they are financing humanitarian, charitable and publicinterest of the world.
How generous? Robert, this is truly amazing.
NOTICE: There are controlling government Treaties that regu-late the conduct of sale. These Sovereign agreements preclude theSeller from transacting with Buyers who are unable or unwillingto observe the terms and procedures stated herein.
There are no "treaties". The jurisdiction of sale is specified in agreement,and any court proceedings are taking place in the jurisdiction as per theagreement. If there is no special jurisdiction specified, the court jurisdictionis where the sale has taken place.
The author of that fake and fraudulent offer wish to give us some legalwishy-washy statements, that we simply think it is authentic. It is not.
4 DESCRIPTION OF PRODUCT
4.1 COMMODITY
GLD Standard Bullion
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4.2 FORMAT
12.5 KG Bars, with registered serial numbers
4.3 PURITY
999.5/1000 or better fineness
4.4 HALLMARK
Internationally Recognized Hallmarks, less than five years old(principally Metalor refinery, Hong Kong)
We have asked Metalor in Hong Kong, and we are waiting on their answer(or no answer at all).
Dear Sirs,
Please let me know, if possible, maybe it is public informationthat you can tell me, does Metalor in Hong Kong produces morethan 200 metric tonnes per year?
We have got offer Sovereign Gold Portfolio where they claim tohave 200 metric tonnes of gold produced by Metalor Hong Kong.
Give me some information that is public.
Thank you
4.5 QUANTITY
"Large-tonnage" inventory (stocks regularly replenished)
4.6 STORAGE
HSBC-sanctioned private security warehouse in Hong Kong
4.7 INSURANCE
Insured by Lloyd’s of London for its full LBMA market value
We have asked Lloyd’s of London if they are able to ensure the regularlyreplenished stocks of gold in Hong Kong worth 8 billion dollars, yetwe did not receive any answer. Maybe they are not interested to waste theirtime on fraudulent claims.
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Hello,
I have got an inquiry from UK, Richard Cohen, who claims thatLLoyds in London is insuring the gold of 200 metric tonnes, whichare "regularly replenished" for the full LBMA gold market value.
Considering that current value of gold is US $40,001.32, then thevalue of 200000 kilograms of gold shall be US $8,000,263,173.15.
According to him, LLoyds is insuring that gold located in HongKong.
My question is not if you are providing an insurance or not tothem, or to confirm it, or similar.
My question is simply: would the Lloyds in UK, in London, everinsure the gold located in some HSBC warehouse in Hong Kong,with that market value?
That is simple question. It does not ask you to reveal any details,simply let me know if that would be legally possible and by yourpolicies feasible or not.
4.8 TRADE STATUS
Freely liftable and tradeable and fully exportable All governmental/agencyclearances and approvals No liens, charges or encumbrances Export permitsissued already in name of Seller
5 TERMS OF PURCHASE
5.1 MODALITY
An "off-market" private transaction to be performed on a "bankofficer-to-bank officer" basis. Major world Banks only
When a transaction is "off-market" it means it is not offered on worldmarkets such as London bullion market or New York or Japan markets. Thatis alright in itself, many gold transactions are off-market, and there is noteven need to put attention to "off-market", I mean it is "off-market", doesit mean it is some kind of a benefit or what?
Yet, the transactions which are like that, private, bank officer to bankofficer, then why in the hell are you sending the offer to me, and also toTanzanian fake dealers of gold, and to all kind of dubious people, together
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with genuine people, I mean, why in the hell you are pretending not to knowthat all those people not have the 8 billion dollars in their pocket or bankaccount, whatever. What is wrong with you?
If the transaction is to be from bank officer to bank officer, so why don’tyou let them do it? Why do you need to send the offers?
5.2 DISCOUNT
Gross 8% and Net 6% discount to the Buyer, based on the "sec-ond fixing", LBMA gold price
That is written only to make it sound authentic. If you cannot buy 200metric tonnes of gold, it really does not matter if the fixing is from themorning or evening of the London time.
They wish to sound like they are selling 200 metric tonnes of gold everyday, so the fixing should matter.
Now to discounts. Buyer is supposed to receive large income and profiton such discounts. Why don’t they make themselves that large income andprofit?
At least, from the fraction of one percent, they could ask a professionalcon-man to make the offer sound more realistic. This way it is stupid andnaive criminal document.
Remember, it is regularly replenished, they have sold it already, andregularly, they received large commissions.
5.3 CONTRACT SIZE
To suit Buyer’s requirements (minimum 200 MT of product)
5.4 FIRST LIFT
200 MT of product
Sure, we are running to buy. 8 billion dollars is here. Second fixingLBMA?
5.5 FURTHER LIFTS
Minimum 200 MT Lift amounts. Flexible daily, weekly or monthlyLifts. One-year contracts with rolls/extensions available
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http://rcdrun.com/images/depository/website/640/dreamstime_m_25725801.jpg
That deserves a fricking big LOL!I understand they are asking for minimum of 8 billion dollars paid, as it
is for 200 metric tonnes, but weekly, monhtly lifts?They claim to be able to sell 200 metric tonnes weekly? Monhtly?
5.6 DELIVERY
FOB Hong Kong, four (4) delivery options available (See below)
5.7 PAYMENT
"Ledger-to-Ledger" transfer of payment in US Dollars. Othermajor world currencies available
What is to mean "ledger to ledger"? Every accountant shall know thatevery transfer must be recorded in the ledger of the both parties. Yet this isto sound "smart" for the naive people.
5.8 FEES
• 2% Consultancy Fees, payable as follows:
• 1% to Seller’s side (closed), payable by Seller
• 1% to Buyer’s side, payable by Buyer or Seller as agreed
The IMFPA will be made an integral part of the contract
5.9 SPECIAL FEATURES:
A. The bullion is sold with full Government Export Approval and Tax PaidClearance. This being Sovereign-owned bullion, the Chinese government hasno jurisdiction over the product. The export permits have already been is-sued and will be confirmed to the Buyer during the Bank Table Top Meeting.
B. The "ledger-to-ledger" transfer of payment on closing can be con-ducted in any major Bank in Hong Kong. The Seller will open a bankaccount in the Buyer’s Bank; alternatively, the Seller can assist the Buyerwith an account in HSBC, Hong Kong.
C. Western Buyers who prefer to maintain their funds in Europe mayutilize the Seller’s parent Bank, HSBC Bank, London, Head Office as the
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Payment Settlement Bank for purposes of blocking funds prior to assayingthe product and settling payment.
D. The Seller is willing to deliver the product, at Seller’s expense, toLBMA accredited Metalor refinery, Hong Kong, for a final assay and GLDcertification prior to purchase. Alternatively, Buyers may attend at theSeller’s security warehouse with their inspection team to assay the productprior to purchase.
E. The Seller is also willing to deliver the product, at Seller’sexpense, to Metalor refinery, Hong Kong for a final assay andGLD certification; then arrange for HSBC, Hong Kong to transferthe newly assayed metal from the refinery to the Bank’s vault ordepository to permit a new Bank SKR in the Buyer’s name uponclosing.
Bank’s don’t issue "Safe Keeping Receipts", yet the terminology is sowell known in the fraudulent world, why not mention it?!
F. The Seller is also willing, under certain circumstances, to deliver theproduct, at the Seller’s expense, to the Hong Kong International Airport,Free Trade Zone.
G. The Seller will provide the Buyer with two-weeks free ware-house storage and insurance cover after purchase to allow theBuyer additional time to finalize his arrangements regarding in-surance and storage or physically lifting the goods.
For people who have 8 billion dollars, that benefit to provide them withthe free warehouse is nothing but bullshit. No gold owner is to trust thewarehouse they don’t have under the strict control.
H. The contract contains a Two Percent (2%) penalty clause fornon-performance by either Party. The Seller reserves the right toreport defaulting Buyers to the appropriate authorities. Offend-ers face lengthy jail terms under Hong Kong law.
The author is hidden behind their website, and the pretentious talk, yethe is the one that shall report more about the experiences in the jails ofHong Kong.
I. The transaction can be conducted on a wholly "bank-to-bank"(payment against transfer of title) basis - without any require-ment that the Buyer block his funds or move his funds first into
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Hong Kong or HSBC Bank, London - provided the Buyer doesnot require to inspect/assay the product prior to settling pay-ment.
http://rcdrun.com/images/depository/website/640/dreamstime_m_27003052.jpg
I mean that one deserves one big WTF?So, it is alright for them to receive the fricking 8 billion dollars
provided the buyer of those 200 metric tonnes of fricking gold is goingto believe you that gold is gold and is going to avoid any inspections andassaying???
Fucking criminals! I would really like to do something with their teeth,to see if they are yet so shiny after the face to face treatment.
5.10 TRANSACTION PROCEDURES
The transaction is being conducted as an "Off-Market, PrivateSale", managed exclusively within the banking system.
That is nonsense. If it is exclusively within the banking systemwhy are you sending then emails around?
The procedures are fully bank-compliant and have been approvedby the Seller’s Transacting Bank, HSBC, Hong Kong, Main Of-fice.
The procedures are, generally, as follows:
1. The Buyer and Seller or their legal mandates negotiate thecontract and finalize the Sale & Purchase Agreement ("SPA").
2. The Buyer and Seller sign the SPA electronically and lodgethe contract with their respective Banks.Note: Manually signed contracts will be exchanged by theParties inside the Bank during the scheduled Table TopMeeting described below.
3. The Parties arrange a "window time” for their Bank Officersto communicate and confirm Proof of Funds and Proof ofProduct.
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4. The Seller’s Bank Officer contacts the Buyer’s Bank Officerduring the appointed window time. The Bank Officers en-gage in a full and frank discussion confirming the POF/POPstatus of their respective bank customers.
5. The Buyer’s Bank Officer transmits a Bank ConfirmationLetter via SWIFT 799 to the Seller’s Bank Officer con-firming Proof of Funds. The Seller’s Bank Officer remits aSWIFT MT 600 (Precious Metal Trade Confirmation Mes-sage) confirming Proof of Product.Note: Where the Buyer’s Confirming Bank is located inHong Kong, POP/POF verification is confirmed via SecureBank Facsimile. No SWIFT messages. The Buyer’s BankOfficer transmits a Bank Confirmation Letter or Bank TearSheet and receives, in return, a true copy of the Seller’sSafekeeping Receipt.
6. The Buyer transfers his purchase funds into his chosen Bankin Hong Kong. The Seller then opens a payment settlementaccount in the Buyer’s Bank to facilitate the "ledger-to-ledger" transfer of payment upon closing. Alternatively, theSeller can assist the Buyer to open a bank account in HSBC,Hong Kong.Note: The Buyer, in lieu of transferring his purchase fundsinto Hong Kong, may transfer his funds into HSBC Bank,London, Head Office and utilize HSBC Bank, London as thePayment Settlement Bank.
7. The Seller’s Bank Officer convenes a Table Top Meetinginside the Bank with the Seller and Buyer’s delegation inattendance and provides the Buyer’s Bank Officer with au-thenticated "true" copies of all pertinent product documents.
8. The Buyer, after confirmation of the product documents byhis Bank Officer, instructs his Bank Officer to blocks hisfunds in his account in favor of the Seller’s account as aguarantee of payment as per the terms of the Agreement.
9. The Buyer attends at the Seller’s private security warehousewith his certified inspection team and assays the product.Alternatively, at the Buyers’ option, the Seller delivers theproduct to Metalor refinery, Hong Kong for a final assay.Note: The Seller can also arrange, upon request, for HSBC,
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Hong Kong to collect the newly assayed product from Met-alor refinery and move the Au Metal into the Bank’s vaultor bullion depository.
10. The Seller’s Bank Officer, after completion of the final as-say, convenes a Bank Table Top Meeting with the Seller andBuyer’s delegation in attendance. The Bank Officers set thepurchase price, then proceed, under full banking scrutiny, toclose the transaction on a "payment-against-delivery (trans-fer of title)" basis.
5.11 CONFIDENTIAL SELLER INFORMATION
The Sovereign Seller/Title Holder is the accredited representa-tive for, and has sole signatory authority to act on behalf of, aconsortium of Governments, principally in Asia and the PacificRim region, and holds title of ownership to a substantial cacheof bullion stock.
Accredited by whom?Representing which party?Consortium of which governments?
This is one of the largest stockpiles of GLD standard bullionin all of Asia. The Seller’s product is fully documented. Thecomplete records pertaining to the origin and provenance of thebullion are maintained at HSBC, Hong Kong and will be madeavailable to qualified Buyers during the scheduled Bank TableTop Meeting. The bullion assets were moved into Hong Kongover a span of a number of years. During that period, at varioustimes and intervals through to the present day, the Seller hasbeen actively selling down the Au bullion, while at the same timeacquiring new product to replenish the stock and supplementexisting inventories.
And now they are contacting the shoemakers of Bulgaria, maybe theyhave 8 billion dollars?
5.12 PROOF OF PRODUCT
We understand the Buyer’s concerns regarding the genuineness ofthe Seller’s product; we have the same concerns on our side of the
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aisle regarding the Buyer’s financial capability. For security rea-sons - and for reasons of confidentiality related to the Sovereignnature of the product - we do not provide advance Proof of Prod-uct to non-qualified "third-parties" via the internet or sit-downmeetings or by any other means.
Of course not. As first, if your identity would be disclosed you would endup in the jail, surely you don’t want to engage into any verification of thegold or identities of parties.
Equally, though, in deference to the Buyer’s legitimate privacyand security concerns, we do not require that interested Buyersprovide advance Proof of Funds. Proof of Product and Proofof Funds will be confirmed, internally, on a "bank-tobank" ba-sis only, once the Parties have lodged a fully executed contractwith their respective Banks and the Buyer has been cleared Bankcompliance. This assures that only bank-qualified Buyers whoare "ready, willing and able" to fulfill the contract gain access tothe Seller’s sensitive product information.
Which means, until then, you are walking around with this kind of wishy-washy stories.
5.13 FULL CORPORATE OFFER / OFFICIAL MANDATEPAPERS
For privacy and security reasons, we do not release, on a purelyspeculative basis, sensitive personal and/or corporate informa-tion regarding the Seller to someone we do not know or have notaccepted to transact with; in the same way that no Buyer is goingto release his personal and/or corporate information to someonehe does not know or has not accepted to transact with.
Which means you are violating all the money laundering laws of HongKong, United Kingdom and whatever consortium of governments are there,Asia, Pacific, who else you represent? Ah, yes, the Crown.
In any offer there must be clear information about:
1. Who is the party selling the product? Their name, address, contactinformation. Such is never private and confidential, that is businessobligation in every transaction. You say who you are. You cannot justbe yet another PHP List website owner like Robert Cohen.
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That is just "common sense" business logic.
No, it is not, it is for naive people to make them believe.You are the fucking retarded criminal. And that is the true "common
sense" business logic.
We would be pleased to provide the Buyer with a formal FullCorporate Offer, to include our official mandate papers, oncewe have held preliminary discussions with the Buyer or his le-gal mandate and have confirmed that the Buyer is interested inpurchasing the Seller’s product, and is willing to comply withthe Seller’s procedures, and is otherwise competent to performthe transaction. Presumably, the Buyer goes through a similarcalculus before providing the Seller with a formal Letter of intent.
The terminology "Full Corporate Offer" is fake terminology, and usedonly and exclusively by criminals who have never seen the real gold in bulk.And who have never conducted similar transactions.
5.14 CONTRACT NEGOTIATIONS
We would be pleased to engage in meaningful contract discussionswith interested Buyers and/or their legal mandates.
We can move very speedily to contract-signing and closing. Weoperate responsibly and professionally and are experienced atconducting Au bullion transactions.
Consultants are encouraged to protect their confidential sourcesat all times. A Non-Circumvention & Non-Disclosure Agreementis available upon request.
Additional information, including a copy of the Sale & PurchaseAgreement, is available to interested Buyers and/or their legalmandates only.
6 Robert Cohen
Robert Cohen has approached us where in his email he claims, that he is thefounding member of:
• Sovereign Capital (Hong Kong) International
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• Sovereign Bullion Portfolio
• Sovereign Wealth Initiative
He used 2 email addresses, such as <[email protected]>and <[email protected]> and his Skype: robertcohen27 and heclaims to be "Executive Director/Chief Legal Officer" of the Jones WyattCorp. with the website being Jones Wyatt Corp.
On February 22nd 2016, he claimed to have "recently replenished thestock", I mean he would have for 1% of the commmission, and he is to receivemuch more, but I am saying for 1% of the commission, he would already havereceived more than 80 million dollars. With that money, one can travel theworld bank to bank, and not just contact yet another shoemakers in Bulgaria,or disabled people in Tanzania.
On March 17 2016, he was pleased to announce:
For your information -
HONGKONG SOVEREIGN BULLION | LARGE BLOCK SOLD
We are pleased to announce that we have sold a large block ofSovereign-owned bullion.
DONE AND GONE!
A special thanks to our Seller team on the ground in Hong Kongfor their excellent work.
On March 30th 2016, he stated:
There has been an important new development -
HONG KONG SOVEREIGN BULLION | EUROPEAN SET-TLEMENT BANK (HSBC BANK, LONDON)
We are working closely now with HSBC Bank, London, the par-ent Bank of HSBC, Hong Kong and a respected Bullion Bank inits own right.
Western Buyers who prefer to maintain their funds within Europecan now utilize HSBC Bank, London as their exclusive EuropeanSettlement Bank for purposes of blocking their funds prior toinspecting the Seller’s product and for settling payment uponclosing. We no longer require Buyers to move their funds intoHong Kong!
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On September 22nd 2016, Robert Cohen claims:
We have been selling the product quite successfully this past 18months.
And following these "funny" procedures too.
But thanks for asking.
Then we said:
If you have been selling "product" successfully, why then in theworld you don’t sell to those same entities who bought it firsttime.
Then Robert Cohen (entity for us, we don’t know their real identity),answered:
Well, we do.
I mean they are long term multi-tranche transactions.
But we have very substantial quantities of product, which areconstantly replenished.
So we can still write contracts with other Seller.
Does that mean there are "other Sellers"? Are they also Crown?Then we asked Robert Cohen on September 22nd 2016:
Is it possible to order 200 tonnes, for 52 weeks, or one year?
Where he answered with:
200 MT per week for one year is fine.
I would write the contract for a total contract quantity for say10,000 MT.
First Lift of 200 MT.
Subsequent lifts of 200 per week for 53 consecutive week untilthe contract is exhausted.
Something like that. . . .
Robert
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So, he is kind of getting very serious and claims that 200 metric tonnescan be delivered week by week. 52 weeks x 200 metric tonnes of goldamounts to 10,400,000 kilograms of gold.
Considering that current value of gold is US $40,390.98, then the valueof 10400000 kilograms of gold shall be US $420,066,222,307.34.
Wow?Then in the next email to "Robert Cohen":
Dear Robert,
I was just testing you. It is impossible to supply that amount oftonnes of gold. You are obviously doing something unrealistic,and I don’t know why and for which purposes.
52 x 200 tonnes would be 10,400 tonnes. So far nobody in theworld does not own this much gold. There was one person, hedied, who owned more than 3,000 tonnes of gold. There is nocompany in the world that ownes this much gold. Just that youknow, no individual, and no company.
Gold is not a potato.
So, whatever you are doing sounds funny, it is not realistic atall. You don’t know what you are speaking about and you lackinformation of quantities of gold available on this Earth.
You are welcome to do some real business in Tanzania, to makesome gold. That business is not going to give you commissions.
Jean Louis
Where Robert Cohen answered on September 22nd 2016:
Jean
I knew you weren’t serious.
So I just played along with it.
Had a bit of a laugh. . . .
Robert
He also claimed to have been in their warehouses numerous times:
Jean:
You are wrong on the facts.
19
I have been in our warehouses numerous times.
And, more importantly, we have sold major blocks of productalready.
What can I tell you.
Nothing wrong with 1/2 KG of unprocessed gold. I applaud youfor it!
Regards
Robert
6.1 Statements to Robert Cohen
Your pictures are not realistic, this is not science fiction movie. I doubt thatany of those pictures is your real picture, that you made it. That is numberone indication that it is wrong.
6.1.1 Analysis of the pictures sent by entity "Robert Cohen"
http://www.gold2me.com/images/sovereign-gold-bullion-hong-kong/1.jpg
That picture is appearing on the website: CW Metalcasting so it cannotbe truly original picture of the refining and melting operation in anywayconnected to the entity known as "Robert Cohen".
Same picture appears on multiple other websites.http://www.gold2me.com/images/sovereign-gold-bullion-hong-kong/
2.jpgThat picture is appearing on the Dover Air Force Base website, where
they describe their C-5M critical cargo. It cannot be in any way directlyrelated to the Hong Kong purchase of gold and certainly not to RobertCohen.
Same picture appears on multiple other websites.http://www.gold2me.com/images/sovereign-gold-bullion-hong-kong/
3.jpgThat picture belongs to Fort Knox, probably. We don’t know it, as it
appears on multiple websites, such as on 10 Most Secure Locations on thePlanet.
http://www.gold2me.com/images/sovereign-gold-bullion-hong-kong/4.jpg
That picture is yet another computer wallpaper that appears on multiplewebsites. You may download it yourself.
20
Mr. Robert Cohen was asked and requested to send the mandate letter.Yet, he refused to do so. We think that is either very naive or dumb personyet probably somebody trying to make money on scam.
7 Who is Robert Cohen?
We don’t know.We don’t bloody know who is "Robert Cohen".Maybe this entity named "Robert Cohen" is just using the name to
say that he is connected to some precious metal conferences like: PreciousSummit where one of the real Robert Cohen appears on pictures.
8 Hong Kong Bullion Scams
We can find many warnings of Hong Kong Bullion Scams on Internet:
• Gold Scam in Hong Kong
• Hong Kong Sega Bullion Limited
• Hong Kong Gold Market Hit by Sophisticated Scam
• One Ton Gold Shipment Into Hong Kong Revealed To Contain JustWorthless Metal
• Fake gold scam hammers Hong Kong jewellers
9 Hong Kong’s Largest Gold Bullion Vault
According to news from 2012, the Hong Kong’s Largest Gold Bullion Vaultcan hold 1,000 metric tonnes of gold.
Reference: Hong Kong’s Largest Gold Bullion Vault Signals Rising AsianWealth
Yet, that is nothing, Robert Cohen may hold so much more as 1000tonnes is just one month of what they are "selling"
10 Conclusion
Non-identified entities sending pretentious gold offers with all the secrets andsupposed confidentiality are to be taken cautiosly.
21
Robert Cohen’s offer of Sovereign Gold Portfolio have all the indicationsof fake and fraudulent offer and shall be avoided.
22
Seco
nd Q
uart
er, 2
017
Pr
ivat
e an
d C
onfid
entia
l
V
alid
unt
il Ju
ne 3
0, 2
017
1 of
4
CCRR
OOWW
NN GG
OOLL DD
RREE
SSEE
RRVV
EESS
SSOO
VVEE
RREE
II GGNN
BBUU
LL LLII OO
NN PP
OORR
TT FFOO
LL IIOO
"" OO
FF FF-- MM
AARR
KKEE
TT "" PP
RRII VV
AATT EE
TTRR
EEAA
TT YY SS
AALL EE
EEXX
EECC
UUTT II
VVEE
SSUU
MMMM
AARR
YY
SOVE
REI
GN
BU
LLIO
N C
ON
SIG
NM
ENT
C
RO
WN
GO
LD R
ESER
VES
(HO
NG
KO
NG
) FO
RM
AL
OFF
ER T
O S
ELL
We
are
the
Lega
l M
anda
te f
or a
Sov
erei
gn S
elle
r/Titl
e H
olde
r w
ho h
olds
titl
e of
ow
ners
hip
to c
onsi
dera
ble
bullio
n as
sets
in H
ong
Kong
. We
are
auth
oriz
ed to
offe
r fo
r sa
le t
he b
elow
GLD
sta
ndar
d bu
llion
in a
ccor
danc
e w
ith t
he t
erm
s an
d co
nditi
ons
here
afte
r set
forth
, sub
ject
to a
ccep
tanc
e of
the
final
Sal
e an
d Pu
rcha
se A
gree
men
t.
The
trans
actio
n w
ill b
e m
anag
ed e
xclu
sive
ly w
ithin
the
sec
ure
conf
ines
of
the
bank
ing
syst
em u
nder
ful
l ba
nkin
g sc
rutin
y an
d vi
gila
nce
and
in c
onfo
rmity
with
ap
plic
able
law
s an
d in
tern
atio
nal s
tand
ards
and
reg
ulat
ions
. Th
is b
eing
Sov
erei
gn
bulli
on, t
he p
roce
edin
gs w
ill b
e su
bjec
t to
clos
e re
gula
tory
ove
rsig
ht.
The
Sel
ler's
Tra
nsac
ting
Ban
k is
HS
BC
, Hon
g K
ong,
Mai
n O
ffice
. Buy
ers
may
ele
ct,
as th
eir P
aym
ent S
ettle
men
t Ban
k, a
ny m
ajor
Ban
k in
Hon
g K
ong
or th
ey m
ay u
tiliz
e th
e S
elle
r's p
aren
t Ban
k, H
SB
C B
ank,
Lon
don,
Hea
d O
ffice
. The
sal
e pr
ocee
ds w
ill
be r
emitt
ed b
y th
e S
elle
r to
the
cou
ntrie
s in
volv
ed t
o fin
ance
wor
thy
gove
rnm
ent
infra
stru
ctur
e pr
ojec
ts a
nd o
ther
hum
anita
rian,
cha
ritab
le a
nd p
ublic
inte
rest
wor
ks.
NO
TIC
E: T
here
are
con
trolli
ng g
over
nmen
t Tr
eatie
s th
at r
egul
ate
the
cond
uct
of
sale
. The
se S
over
eign
agr
eem
ents
pre
clud
e th
e S
elle
r fro
m tr
ansa
ctin
g w
ith B
uyer
s w
ho a
re u
nabl
e or
unw
illin
g to
obs
erve
the
term
s an
d pr
oced
ures
sta
ted
here
in.
DDEE
SSCC
RRII PP
TT IIOO
NN OO
FF PP
RROO
DDUU
CCTT
CO
MM
OD
ITY
:
GLD
Sta
ndar
d B
ullio
n
FOR
MA
T
: 12
.5 K
G B
ars,
with
regi
ster
ed s
eria
l num
bers
PUR
ITY
:
999.
5/10
00 o
r bet
ter f
inen
ess
HA
LLM
AR
K
:
Inte
rnat
iona
lly R
ecog
nize
d H
allm
arks
, les
s th
an fi
ve y
ears
ol
d (p
rinci
pally
Met
alor
refin
ery,
Hon
g K
ong)
QU
AN
TITY
: "L
arge
-tonn
age"
inve
ntor
y (s
tock
s re
gula
rly re
plen
ishe
d)
STO
RA
GE
: H
SB
C-s
anct
ione
d pr
ivat
e se
curit
y w
areh
ouse
in H
ong
Kon
g
INSU
RA
NC
E
: In
sure
d by
Llo
yd's
of L
ondo
n fo
r its
full
LBM
A m
arke
t val
ue
TRA
DE
STA
TUS
:
Free
ly li
ftabl
e an
d tra
deab
le a
nd fu
lly e
xpor
tabl
e
A
ll go
vern
men
tal/a
genc
y cl
eara
nces
and
app
rova
ls
N
o lie
ns, c
harg
es o
r enc
umbr
ance
s
E
xpor
t per
mits
issu
ed a
lread
y in
nam
e of
Sel
ler
STO
CK
R
EG
ULA
RLY
R
EP
LEN
ISH
ED
STO
CK
R
EG
ULA
RLY
R
EP
LEN
ISH
ED
STO
CK
R
EGU
LAR
LY
REP
LEN
ISH
ED
2 of
4
rr ee
TT EERR
MMSS
OOFF
PPUU
RRCC
HHAA
SSEE
MO
DA
LITY
: A
n "o
ff-m
arke
t" pr
ivat
e tra
nsac
tion
to b
e pe
rform
ed o
n a
"ban
k of
ficer
-to-b
ank
offic
er" b
asis
. Maj
or w
orld
Ban
ks o
nly
DIS
CO
UN
T
: G
ross
8%
and
Net
6%
dis
coun
t to
the
Buy
er, b
ased
on
the
"s
econ
d fix
ing"
, LB
MA
gol
d pr
ice
CO
NTR
AC
T SI
ZE
: To
sui
t Buy
er's
requ
irem
ents
(min
imum
200
MT
of p
rodu
ct)
FIR
ST L
IFT
:
200
MT
of p
rodu
ct
FUR
THER
LIF
TS
: M
inim
um 2
00 M
T Li
ft am
ount
s. F
lexi
ble
daily
, wee
kly
or m
onth
ly
Li
fts.
One
-yea
r con
tract
s w
ith ro
lls/e
xten
sion
s av
aila
ble
DEL
IVER
Y
: FO
B H
ong
Kong
, fou
r (4)
del
iver
y op
tions
ava
ilabl
e (S
ee b
elow
)
PAYM
ENT
:
"Led
ger-
to-L
edge
r" tr
ansf
er o
f pay
men
t in
US
Dol
lars
Oth
er m
ajor
wor
ld c
urre
ncie
s av
aila
ble
FEES
: 2%
Con
sulta
ncy
Fees
, pay
able
as
follo
ws:
1%
to S
elle
r's s
ide
(clo
sed)
, pay
able
by
Sel
ler
1% to
Buy
er's
sid
e, p
ayab
le b
y B
uyer
or S
elle
r as
agre
ed
The
IMFP
A w
ill b
e m
ade
an in
tegr
al p
art o
f the
con
tract
SPEC
IAL
FEA
TUR
ES:
A.
The
bulli
on i
s so
ld w
ith f
ull
Gov
ernm
ent
Exp
ort
App
rova
l an
d Ta
x P
aid
Cle
aran
ce. T
his
bein
g S
over
eign
-ow
ned
bulli
on, t
he C
hine
se g
over
nmen
t has
no
juris
dict
ion
over
the
prod
uct.
The
expo
rt pe
rmits
hav
e al
read
y be
en is
sued
an
d w
ill b
e co
nfirm
ed to
the
Buy
er d
urin
g th
e B
ank
Tabl
e To
p M
eetin
g.
B.
The
"ledg
er-to
-ledg
er"
trans
fer
of p
aym
ent
on c
losi
ng c
an b
e co
nduc
ted
in a
ny
maj
or B
ank
in H
ong
Kong
. The
Sel
ler w
ill op
en a
ban
k ac
coun
t in
the
Buye
r's B
ank;
al
tern
ativ
ely,
the
Selle
r can
ass
ist t
he B
uyer
with
an
acco
unt i
n H
SBC
, Hon
g Ko
ng.
C.
Wes
tern
Buy
ers
who
pre
fer t
o m
aint
ain
thei
r fun
ds in
Eur
ope
may
utili
ze th
e Se
ller's
pa
rent
Ban
k, H
SBC
Ban
k, L
ondo
n, H
ead
Offi
ce a
s th
e Pa
ymen
t Set
tlem
ent B
ank
for p
urpo
ses
of b
lock
ing
fund
s pr
ior t
o as
sayi
ng th
e pr
oduc
t and
set
tling
paym
ent.
D.
The
Sel
ler
is w
illin
g to
del
iver
the
pro
duct
, at
Sel
ler's
exp
ense
, to
LB
MA
-ac
cred
ited
Met
alor
refin
ery,
Hon
g K
ong,
for a
fina
l ass
ay a
nd G
LD c
ertif
icat
ion
prio
r to
pur
chas
e. A
ltern
ativ
ely,
Buy
ers
may
atte
nd a
t th
e S
elle
r's s
ecur
ity
war
ehou
se w
ith th
eir i
nspe
ctio
n te
am to
ass
ay th
e pr
oduc
t prio
r to
purc
hase
.
E.
The
Selle
r is
als
o w
illing
to
deliv
er t
he
prod
uct,
at S
elle
r's e
xpen
se,
to M
etal
or
refin
ery,
Hon
g Ko
ng fo
r a fi
nal a
ssay
and
GLD
cer
tific
atio
n; th
en a
rrang
e fo
r HSB
C,
Hon
g Ko
ng t
o tra
nsfe
r th
e ne
wly
ass
ayed
met
al f
rom
the
ref
iner
y to
the
Ban
k's
vaul
t or d
epos
itory
to p
erm
it a
new
Ban
k SK
R in
the
Buye
r's n
ame
upon
clo
sing
.
F.
The
Sel
ler i
s al
so w
illin
g, u
nder
cer
tain
circ
umst
ance
s, to
del
iver
the
prod
uct,
at
the
Sel
ler's
exp
ense
, to
the
Hon
g K
ong
Inte
rnat
iona
l Airp
ort,
Free
Tra
de Z
one.
G.
The
Sel
ler
will
pro
vide
the
Buy
er w
ith tw
o-w
eeks
free
war
ehou
se s
tora
ge a
nd
insu
ranc
e co
ver
afte
r pu
rcha
se t
o al
low
the
Buy
er a
dditio
nal t
ime
to f
inal
ize
his
arra
ngem
ents
rega
rdin
g in
sura
nce
and
stor
age
or p
hysi
cally
liftin
g th
e go
ods.
H.
The
cont
ract
con
tain
s a
Two
Perc
ent (
2%)
pena
lty c
laus
e fo
r no
n-pe
rform
ance
by
eith
er P
arty
. The
Sel
ler
rese
rves
the
right
to r
epor
t def
aulti
ng B
uyer
s to
the
appr
opria
te a
utho
ritie
s. O
ffend
ers
face
leng
thy
jail
term
s un
der H
ong
Kong
law
.
I. Th
e tra
nsac
tion
can
be c
ondu
cted
on
a w
holly
"ba
nk-to
-ban
k" (
paym
ent-
agai
nst-t
rans
fer o
f titl
e) b
asis
- w
ithou
t any
requ
irem
ent t
hat t
he B
uyer
blo
ck h
is
fund
s or
mov
e hi
s fu
nds
first
into
Hon
g Ko
ng o
r HSB
C B
ank,
Lon
don
- pro
vide
d th
e Bu
yer d
oes
not r
equi
re to
insp
ect/a
ssay
the
prod
uct p
rior t
o se
ttlin
g pa
ymen
t.
3 of
4
TT RRAA
NNSS
AACC
TT IIOO
NN PP
RROO
CCEE
DDUU
RREE
SS
The
trans
actio
n is
bei
ng c
ondu
cted
as
an "
Off-
Mar
ket,
Priv
ate
Sal
e",
man
aged
ex
clus
ivel
y w
ithin
the
bank
ing
syst
em. T
he p
roce
dure
s ar
e fu
lly b
ank-
com
plia
nt a
nd
have
bee
n ap
prov
ed b
y th
e Se
ller's
Tra
nsac
ting
Bank
, HSB
C, H
ong
Kong
, Mai
n O
ffice
.
The
proc
edur
es a
re, g
ener
ally
, as
follo
ws:
1.
The
Buy
er a
nd S
elle
r or t
heir
lega
l man
date
s ne
gotia
te th
e co
ntra
ct a
nd fi
naliz
e th
e S
ale
& P
urch
ase
Agr
eem
ent (
"SP
A")
.
2.
The
Buy
er a
nd S
elle
r si
gn t
he S
PA
ele
ctro
nica
lly a
nd lo
dge
the
cont
ract
with
th
eir r
espe
ctiv
e B
anks
. N
ote:
Man
ually
sig
ned
cont
ract
s w
ill b
e ex
chan
ged
by t
he P
artie
s in
side
the
B
ank
durin
g th
e sc
hedu
led
Tabl
e To
p M
eetin
g de
scrib
ed b
elow
.
3.
The
Par
ties
arra
nge
a "w
indo
w t
ime”
for
the
ir B
ank
Offi
cers
to
com
mun
icat
e an
d co
nfirm
Pro
of o
f Fun
ds a
nd P
roof
of P
rodu
ct.
4.
The
Sel
ler's
B
ank
Offi
cer
cont
acts
th
e B
uyer
's
Ban
k O
ffice
r du
ring
the
appo
inte
d w
indo
w
time.
Th
e B
ank
Offi
cers
en
gage
in
a
full
and
frank
di
scus
sion
con
firm
ing
the
PO
F/P
OP
sta
tus
of th
eir r
espe
ctiv
e ba
nk c
usto
mer
s.
5.
The
Buy
er's
Ban
k O
ffice
r tra
nsm
its a
Ban
k C
onfir
mat
ion
Lette
r vi
a S
WIF
T 79
9 to
the
Sel
ler's
Ban
k O
ffice
r co
nfirm
ing
Pro
of o
f Fu
nds.
The
Sel
ler's
Ban
k O
ffice
r rem
its a
SW
IFT
MT
600
(Pre
ciou
s M
etal
Tra
de C
onfir
mat
ion
Mes
sage
) co
nfirm
ing
Pro
of o
f Pro
duct
. N
ote:
Whe
re th
e B
uyer
's C
onfir
min
g B
ank
is lo
cate
d in
Hon
g K
ong,
PO
P/P
OF
verif
icat
ion
is c
onfir
med
via
Sec
ure
Ban
k Fa
csim
ile. N
o S
WIF
T m
essa
ges.
The
B
uyer
's B
ank
Offi
cer t
rans
mits
a B
ank
Con
firm
atio
n Le
tter o
r Ban
k Te
ar S
heet
an
d re
ceiv
es, i
n re
turn
, a tr
ue c
opy
of th
e S
elle
r's S
afek
eepi
ng R
ecei
pt.
6.
The
Buy
er t
rans
fers
his
pur
chas
e fu
nds
into
his
cho
sen
Bank
in H
ong
Kon
g.
The
Selle
r th
en o
pens
a p
aym
ent
settl
emen
t ac
coun
t in
the
Buy
er's
Ban
k to
fa
cilit
ate
the
"ledg
er-to
-ledg
er" t
rans
fer o
f pay
men
t upo
n cl
osin
g. A
ltern
ativ
ely,
the
Selle
r can
ass
ist t
he B
uyer
to o
pen
a ba
nk a
ccou
nt in
HSB
C, H
ong
Kong
. N
ote:
The
Buy
er,
in li
eu o
f tra
nsfe
rrin
g hi
s pu
rcha
se f
unds
into
Hon
g K
ong,
m
ay tr
ansf
er h
is fu
nds
into
HS
BC
Ban
k, L
ondo
n, H
ead
Offi
ce a
nd u
tiliz
e H
SB
C
Ban
k, L
ondo
n as
the
Paym
ent S
ettle
men
t Ban
k.
7.
The
Sel
ler's
Ban
k O
ffice
r co
nven
es a
Tab
le T
op M
eetin
g in
side
the
Bank
with
th
e S
elle
r and
Buy
er's
del
egat
ion
in a
ttend
ance
and
pro
vide
s th
e B
uyer
's B
ank
Offi
cer w
ith a
uthe
ntic
ated
"tru
e" c
opie
s of
all
perti
nent
pro
duct
doc
umen
ts.
8.
The
Buy
er,
afte
r co
nfirm
atio
n of
the
pro
duct
doc
umen
ts b
y hi
s B
ank
Offi
cer,
inst
ruct
s hi
s B
ank
Offi
cer
to b
lock
s hi
s fu
nds
in h
is a
ccou
nt i
n fa
vor
of t
he
Sel
ler's
acc
ount
as
a gu
aran
tee
of p
aym
ent a
s pe
r the
term
s of
the
Agr
eem
ent.
9.
The
Buy
er a
ttend
s at
the
Sel
ler's
priv
ate
secu
rity
war
ehou
se w
ith h
is c
ertif
ied
insp
ectio
n te
am a
nd a
ssay
s th
e pr
oduc
t. A
ltern
ativ
ely,
at
the
Buy
ers'
opt
ion,
th
e S
elle
r del
iver
s th
e pr
oduc
t to
Met
alor
refin
ery,
Hon
g K
ong
for a
fina
l ass
ay.
Not
e: T
he S
elle
r ca
n al
so a
rran
ge,
upon
req
uest
, fo
r H
SB
C,
Hon
g K
ong
to
colle
ct th
e ne
wly
ass
ayed
pro
duct
from
Met
alor
refin
ery
and
mov
e th
e A
u M
etal
in
to th
e B
ank'
s va
ult o
r bul
lion
depo
sito
ry.
10.
The
Selle
r's B
ank
Offi
cer,
afte
r co
mpl
etio
n of
the
final
ass
ay, c
onve
nes
a Ba
nk
Tabl
e To
p M
eetin
g w
ith t
he S
elle
r an
d Bu
yer's
del
egat
ion
in a
ttend
ance
. Th
e Ba
nk O
ffice
rs s
et th
e pu
rcha
se p
rice,
then
pro
ceed
, und
er fu
ll ba
nkin
g sc
rutin
y,
to c
lose
the
trans
actio
n on
a "p
aym
ent-a
gain
st-d
eliv
ery
(tran
sfer
of t
itle)
" bas
is.
4 of
4
11.
CCOO
NNFF II
DDEE
NNTT II
AALL
SSEE
LL LLEE
RR II NN
FF OORR
MMAA
TT IIOO
NN
The
Sove
reig
n Se
ller/T
itle
Hol
der
is t
he a
ccre
dite
d re
pres
enta
tive
for,
and
has
sole
si
gnat
ory
auth
ority
to a
ct o
n be
half
of, a
con
sorti
um o
f Gov
ernm
ents
, prin
cipa
lly in
Asi
a an
d th
e Pa
cific
Rim
reg
ion,
and
hol
ds t
itle
of o
wne
rshi
p to
a s
ubst
antia
l ca
che
of
bullio
n st
ock.
Thi
s is
one
of t
he la
rges
t sto
ckpi
les
of G
LD s
tand
ard
bullio
n in
all
of A
sia.
The
Sel
ler's
pro
duct
is
fully
doc
umen
ted.
The
com
plet
e re
cord
s pe
rtain
ing
to t
he
orig
in a
nd p
rove
nanc
e of
the
bulli
on a
re m
aint
aine
d at
HS
BC
, Hon
g K
ong
and
will
be
mad
e av
aila
ble
to q
ualif
ied
Buy
ers
durin
g th
e sc
hedu
led
Ban
k Ta
ble
Top
Mee
ting.
The
bulli
on a
sset
s w
ere
mov
ed in
to H
ong
Kon
g ov
er a
spa
n of
a n
umbe
r of
yea
rs.
Dur
ing
that
per
iod,
at
vario
us t
imes
and
int
erva
ls t
hrou
gh t
o th
e pr
esen
t da
y, t
he
Sel
ler h
as b
een
activ
ely
selli
ng d
own
the
Au
bullio
n, w
hile
at t
he s
ame
time
acqu
iring
ne
w p
rodu
ct to
repl
enis
h th
e st
ock
and
supp
lem
ent e
xist
ing
inve
ntor
ies.
(1
) P
RO
OF
OF
PRO
DU
CT
We
unde
rsta
nd t
he B
uyer
's c
once
rns
rega
rdin
g th
e ge
nuin
enes
s of
the
Sel
ler's
pr
oduc
t; w
e ha
ve th
e sa
me
conc
erns
on
our
side
of t
he a
isle
reg
ardi
ng th
e B
uyer
's
finan
cial
cap
abili
ty. F
or s
ecur
ity re
ason
s - a
nd fo
r rea
sons
of c
onfid
entia
lity
rela
ted
to
the
Sov
erei
gn n
atur
e of
the
prod
uct -
we
do n
ot p
rovi
de a
dvan
ce P
roof
of P
rodu
ct to
no
n-qu
alifi
ed "
third
-par
ties"
via
the
int
erne
t or
sit-
dow
n m
eetin
gs o
r by
any
oth
er
mea
ns. E
qual
ly, t
houg
h, in
def
eren
ce to
the
Buy
er's
legi
timat
e pr
ivac
y an
d se
curit
y co
ncer
ns, w
e do
not
requ
ire th
at in
tere
sted
Buy
ers
prov
ide
adva
nce
Pro
of o
f Fun
ds.
Pro
of o
f P
rodu
ct a
nd P
roof
of
Fund
s w
ill b
e co
nfirm
ed,
inte
rnal
ly,
on a
"ba
nk-to
-ba
nk"
basi
s on
ly,
once
the
Par
ties
have
lodg
ed a
ful
ly e
xecu
ted
cont
ract
with
the
ir re
spec
tive
Ban
ks a
nd t
he B
uyer
has
bee
n cl
eare
d B
ank
com
plia
nce.
Thi
s as
sure
s th
at o
nly
bank
-qua
lifie
d B
uyer
s w
ho a
re "r
eady
, will
ing
and
able
" to
fulfi
ll th
e co
ntra
ct
gain
acc
ess
to th
e S
elle
r's s
ensi
tive
prod
uct i
nfor
mat
ion.
(2
) FU
LL C
OR
POR
ATE
OFF
ER /
OFF
ICIA
L M
AN
DA
TE P
APE
RS
For
priv
acy
and
secu
rity
reas
ons,
we
do n
ot r
elea
se, o
n a
pure
ly s
pecu
lativ
e ba
sis,
se
nsiti
ve p
erso
nal a
nd/o
r co
rpor
ate
info
rmat
ion
rega
rdin
g th
e S
elle
r to
som
eone
we
do n
ot k
now
or
have
not
acc
epte
d to
tran
sact
with
; in
the
sam
e w
ay th
at n
o Bu
yer
is
goin
g to
rel
ease
his
per
sona
l and
/or
corp
orat
e in
form
atio
n to
som
eone
he
does
not
kn
ow o
r has
not
acc
epte
d to
tran
sact
with
. Tha
t is
just
"com
mon
sen
se" b
usin
ess
logi
c.
We
wou
ld b
e pl
ease
d to
pro
vide
the
Buy
er w
ith a
for
mal
Ful
l C
orpo
rate
Offe
r, to
in
clud
e ou
r of
ficia
l man
date
pap
ers,
onc
e w
e ha
ve h
eld
prel
imin
ary
disc
ussi
ons
with
th
e Bu
yer
or h
is le
gal m
anda
te a
nd h
ave
conf
irmed
tha
t th
e Bu
yer
is in
tere
sted
in
purc
hasi
ng th
e Se
ller's
pro
duct
, and
is w
illing
to c
ompl
y w
ith th
e Se
ller's
pro
cedu
res,
an
d is
oth
erw
ise
com
pete
nt t
o pe
rform
the
tra
nsac
tion.
Pre
sum
ably
, th
e Bu
yer
goes
th
roug
h a
sim
ilar c
alcu
lus
befo
re p
rovi
ding
the
Sel
ler w
ith a
form
al L
ette
r of i
nten
t.
CCOO
NNTT RR
AACC
TT NN
EEGG
OOTT II
AATT II
OONN
SS
•
We
wou
ld
be
plea
sed
to
enga
ge
in
mea
ning
ful
cont
ract
di
scus
sion
s w
ith
inte
rest
ed B
uyer
s an
d/or
thei
r leg
al m
anda
tes.
• W
e ca
n m
ove
very
spe
edily
to c
ontra
ct-s
igni
ng a
nd c
losi
ng. W
e op
erat
e re
spon
sibl
y an
d pr
ofes
sion
ally
and
are
exp
erie
nced
at c
ondu
ctin
g Au
bul
lion
trans
actio
ns.
• C
onsu
ltant
s ar
e en
cour
aged
to
prot
ect
thei
r co
nfid
entia
l sou
rces
at
all t
imes
. A
N
on-C
ircum
vent
ion
& N
on-D
iscl
osur
e A
gree
men
t is
avai
labl
e up
on re
ques
t.
• A
dditi
onal
info
rmat
ion,
incl
udin
g a
copy
of
the
Sal
e &
Pur
chas
e A
gree
men
t, is
av
aila
ble
to in
tere
sted
Buy
ers
and/
or th
eir l
egal
man
date
s on
ly.