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Step 3: Book up all of the space at gold refiners, so that no one else can do it.
Gold refiners usually pay 90 to 98 percent, and most reputable refiners have a website stating the actual percentages offered.
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Mr. Klapwijk said that if gold was needed, refiners would make it in the right size and with the approved serial numbers.
The rules of the Dubai Multi-Commodities Centre, set up by Dubai's ruler Sheikh Mohammed in 2002 to promote and regulate the gold industry, require refiners to make extra checks on suspicious, cash-in-hand deals above 40,000 dirhams (£6,540).
Find a Refiner: Once you've purchased gold items from customers, you need to sell them to refiners to get your paycheck.
In September, Mr. Jerome started a business to buy gold and jewelry and sell it to refiners, according to a letter Mr. Bederow sent to the district attorney.
The number of disk refiners are determined by the refining energy, as used in the previous section.
The benchmarks were used by miners, refiners, traders and end-users to price gold and silver, as well as platinum and palladium, which are chiefly used in autocatalysts.
Regardless, this can be sent to refiners, and it will be assayed just like gold and platinum.
Think of it this way: Refiners are not so much selling fuel as selling refining services.
They said they were told the refiners refused to source directly from the Great Lakes region of Africa and refused scrap gold with impurities associated with mined gold.
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