Bullion Gold - Our Standard Terms and Conditions of Sale
Bullion or investment gold is normally dealt at quite small margins.
Most investors wish to obtain their investment gold at the best possible price.
To allow us to deal at fine margins, we need to reduce our risks to a minimum. To achieve this, we necessarily have to impose some fairly strict terms and conditions which do not apply to our sales of other coins or products.
Special Conditions for Bullion Sales
Identification (Except for Export Sales)
We are legally obliged to obtain and retain identification records for every purchaser.
Notification (Except for Export Sales)
We are obliged to report to HM Customs & Excise the first purchase of investment gold by any individual exceeding £5000, or any purchase which takes the individual's purchases within any 12 months period over £10,000.
We accept payment in cleared funds. We accept personal cheques, company cheques, and bank draughts, which we clear, allowing a full working week if drawn on a UK bank.
We also accept bank transfers, please ask for our full account details if you wish to make payment by transfer. Our bankers advise us not to publish our account details to unknown parties.
We accept cash.
We will accept payment in any negotiable currency.
We normally require security before entering into any contract.
This may take the form of a deposit or full payment.
We may at our discretion waive this requirement for small quantities.
Clients ordering by post, telephone, internet or other remote methods may wish to use our order forms.
If an agreement is made by telephone, we will require the purchaser's name, address, and telephone number at the point of agreement. We then expect a faxed or e-mailed confirmation immediately, confirming that payment has been effected. If the agreement is to post a cheque, then it must be posted by first class post in time to be collected and postmarked the same day, so that it should be received the next working day. The confirmation should include all identification details necessary.
For large transactions, where we hold a deposit, cleared funds should reach us within two working days.
We will normally make the goods available for delivery within two working days of receipt of cleared funds.
Where we have allowed a full week for cheque clearance we may often reduce this period.
At times of heavy demand, we may require an extra day for goods to reach us.
Please realise that In most cases, we have already paid in cleared funds before goods are released to us.
Subject to stock and market factors, we can often offer immediate availability, but we would usually only offer this at an extra premium except for small quantities.
Variation of Above Terms
Except for small orders at extra premium prices, we will not vary the above terms unless we receive and accept a formal request in writing.
All contracts will be deemed to be entered into at Blackpool, England, and be dealt with under English Law.