Risk Warning | Terms and Conditions

You as Customer are applying to subscribe for a secured, non-transferable forward purchase agreement for the purpose of buying pure gold bullion issued by Own Gold Global Limited, company number 14024048 (the “Company”). You are making your application (“Application”), based on the information set out in the Product Overview, which sets out important information about the Company’s offer of Fixed Income. Your Application is subject to the following terms and conditions.

The Procedure

Own Gold will ensure the delivery of gold bullion through their reliable appointed shipping companies preferred buyer’s destination. The buyer will pay for the delivery/shipping costs of the gold upfront to the seller’s appointed shipping company that will ship the gold to the buyer’s appointed refinery for inspection/assay/smelting. All documents/POP will be given to the buyer and his bank to verify and confirm the gold with the bank before delivery to the buyers’ destination. One of the seller’s representatives will accompany the gold during the time of delivery to the buyer’s appointed destination to supervise the whole process. Once the buyer is satisfied with the purity of gold after inspection and smelting, the buyer will then pay for the value of the gold through T/T Swift wire transfer directly to the seller’s bank account. The buyer will deduct from purchase price the upfront shipping costs paid to the shipping company that delivered the gold to the buyer’s appointed destination for assay/smelting (this point is outlined in the agreed SPA terms and conditions).

Whereas, the BUYER confirms with full corporate authority and legal responsibility, that he/she is ready, willing and able to purchase the said Gold Dore Bars (AU Metal) and provides [all] his information including bank details and signature, to be attached upon acceptance and signature by the Seller of the SPA, under the Buyer’s Code.

Whereas, The SELLER also confirms with full corporate authority and legal responsibility, that he/she is ready, willing, and able to sell the said Gold Dore Bars (AU Metal) and provides his/her Bank Deposit Account with banking details, for the purpose of selling gold. This information will be readily available to Own Gold Global to ensure full transparency on the procedure before any funds are released for the purchase of gold.

Whereas, within this Agreement, the word “Seller” shall be deemed to include any and all of Seller’s assigns.

The definition of “Seller” herein is always “Seller with assigns. The Seller has assigned this Agreement to Own Gold Global Limited, as recognized under common law of assignment of contracts. The Buyer, in co-operation agreement with the Seller shall be responsible to handle, escort, transport, and overall documentary requisites of Gold Dore bars within the specified amount and period of the contract. The process will be controlled by Own Gold Global, and Customers will benefit from the returns based on the agreed purchase price.

PRICE: The agreed purchase price is the quoted price in GBP, or EUR as set forth in the latest valid Second Fixing Rate (PM) Issued by the London Bullion Market Association (LMBA) on the Day-of-Transaction in the event that the LMBA is not operating on that scheduled day, the price calculation used shall be based on second LBMA fixing of the next change to last Market opening day and per tranche.

PAYMENT: All payments by clear, clean money of non-criminal origin by GSEN FX Wire Transfer to be payablewithin a maximum of seven (7) Banking days. All trades are payable in Euro whereas all currencies are accepted. All returns payable are based on the chosen payment method as set out in the Product Overview. Income is payable monthly, quarterly, yearly or can be compounded over a 2-year term.
Each purchase shall be accompanied by a Certificate relating to the necessary gold purchase, in accordance with the agreed investment amount and return.

Procedure: Own Gold’s sellers abide by international operational standards that are not negotiable to customers. NOTE: Own Golds’ Sellers are urgently required to issue the Buyer with an official FCO, and SPA based on any one of the sales options the buyer has chosen from the list of contacts provided by Own Gold Global.

Should Customers have any further questions, please contact Own Gold via email on info@own-gold.com.