How to buy Gold in Africa

How to buy Gold in Africa

With the property and stock market stocks going down, people are now looking for how to buy Gold in Africa. You might ask why Africa?

Chinese investors and households have been buying gold as a refuge from local property and stock market mayhem, helping to support record prices for the haven asset.

China was the principal bright spot globally for gold jewelry and investment flows in 2023, according to industry group the World Gold Council’s quarterly report, as local property, equity, and currency markets disappointed following the country’s exit from COVID-19 lockdowns.

Africa’s Gold market

Africa’s Gold market is highly unregulated and this means you can get it very cheap. The mining done in Africa is mostly artisanal and the individual miners decide on the prices. This sometimes means they sell well below the gold market price. Buying Gold in Africa with the right connections can make you a lot of money.

There are many people who have created local cooperatives for miners, providing equipment to miners and also healthcare facilities. In turn, these miners sell only to them. Lives in the mines is not easy and with all the gold, the people still live on under $1 per day.

At BSLMGOLD-GOV.NET Bertoua Savanna Local Miners Cameroon, we give information on where you can successfully buy gold in Africa without any hassles. There are a lot of scammers online and even in the mines looking to take advantage of unsuspecting individuals. Our job is to make sure investors are able to come into the country, improve the lives of the miners, and buy gold without getting scammed.

Why buy Gold in Africa?

As a businessman, your first priority is making a profit. If you are looking to make huge profits by buying and selling Gold, then Africa is your number one destination. Do not be fooled by what you see on social media, it is relatively safe and you can do business without any problems.

The first reason you should buy Gold in Africa is the price. In the world market, a troy ounce of Gold costs $2000 while in Africa it costs $1150 imagine the difference and the profit you can make buying up to a kilogram. However, getting to these miners is not easy. They do not have a website, they do not even have a Social media presence. You have to come to their country and deal with them directly.

Others have taken this advantage to create small cooperative communities for them thereby actively participating in their activities. This means they will sell directly to you and no one else. By investing just $500 in a miner, you can get as much as $120,000 profit in 2 months.

Buying Gold from Africa is also very good because you do not need much documentation. Other countries require a lot just to be able to buy gold but in Africa, you do not need all that. The most difficult thing is meeting a local artisanal miner. Once you do that, you can easily buy gold bars and dust without any problems.

Difficulties

The difficulties involved in buying Gold in Africa are not many. The first is finding a good supplier due to the presence of many scammers. We explained in the post how to buy Gold and avoid scam.

Another problem is reaching the mines. The areas where the mines are situated are very difficult to get to. The roads are terrible with many highway robbers and crook law officials wanting bribes. You need to move with a national who is an expert to be able to succeed.

If you are ever in Africa and looking to buy Gold in the following Countries; Cameroon, Kenya, Tanzania, Ghana, Uganda and Togo, do not hesitate to contact us.