Buying gold in Africa can be profitable, but it is also full of scammers and fraudsters. Many so-called gold sellers try to deceive buyers with fake deals, commitment fees, and false promises. If you don’t know what you’re doing, you will lose your money.
There are only two real ways to buy gold in Africa:
- Cash and Carry
- CIF (Cost, Insurance, and Freight)
Let’s break them down so you don’t fall into scams.
Commitment Fees Scam – Stay Away!
One of the biggest gold scams in Africa is the "commitment fee" scam.
Scammers will tell buyers that they need to pay taxes, logistics fees, documentation fees, or transportation costs before the gold is shipped. These are all lies!
No real gold seller will ask for upfront payment before you have seen and tested the gold. If anyone asks you to pay any money before the gold is in your hands, it is 100% a scam.
1. Cash and Carry – The Best and Most Secure Way
The safest way to buy gold in Africa is Cash and Carry. Here’s how it works:
- You meet the seller in person in the country where the gold is located.
- Test the gold yourself at a trusted refinery and retest in your own office/hotel room.
- After testing and retest, pay for the full amount of gold at once.
- Once the gold is yours, you handle the export process yourself.
If you don’t have the full money to pay for the gold after testing, do not engage in the business. Partial payments, deposits, or "hold payments" often lead to scams.
✅ Key tip: Never let the gold leave your sight after testing. If the seller tries to take it back, walk away—it’s a scam!
2. CIF – The Buyer Pays After Gold Arrives
CIF (Cost, Insurance, and Freight) is another way to buy gold, but it is only safe under the right conditions.
In a real CIF transaction:
- The seller covers all costs—taxes, shipping, insurance, and export fees.
- The gold is shipped to the buyer’s country.
- The buyer tests the gold at their own refinery upon arrival.
- Only after testing does the buyer pay the seller.
How Scammers Trick Buyers in CIF Transactions
Most gold sellers in Africa do not understand CIF or use it as a scam. A common trick is asking the buyer to pay commitment fees before shipping.
🚨 Warning: If a seller asks for ANY money upfront in a CIF deal, they are a scammer! The seller should pay for everything.
A real CIF seller:
✅ Ships the gold without asking for money upfront.
✅ Handles all export and customs processes.
✅ Only gets paid after the buyer confirms the gold's purity.
If a seller asks for export fees, documentation fees, or commitment fees, walk away—they are a fraudster!
Final Advice – Don’t Get Scammed!
Gold buying in Africa is simple if you follow the right process. Whether you choose Cash and Carry or CIF, never send money before you have the gold in your hands.
🚫 Avoid commitment fees and fake deals.
✅ Always test the gold before payment.
✅ Deal only with registered sellers and refineries.
✅ Do not trust "too good to be true" prices.
If you follow these two methods, you will never lose money in gold buying in Africa.
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