Buy Gold in Cameroon scam

Buy Gold in Cameroon scam

We will be looking at the buy Gold in Cameroon scam, how the dealers operate and what to expect. Cameroon is a country in Central Africa very rich in gold and other precious metals. It has a population of over 25million people. Because it is rich in gold, many investors come looking to buy gold and other metals. Unfortunately most fall prey to scammers. The government has put up a very strong fight trying to stop this practice but the scammers are not slowing down.

Browsing online, you will see many websites claiming to sell Gold in Cameroon 98% are scammers. These companies do not exist and cannot be verified by anyone. As always they are able to fool people by offering cheap prices. Once contact has been established they move with their plane which is making you buy the CEMAC Buyers Permit from the Ministry of Mines Cameroon. Note there’s nothing like the CEMAC Buyers Permit. Send inquiries for more info on how to avoid the buy Gold in Cameroon scam.

CEMAC Buyers Permit

The fake vendors are always fast to sign a contract and on this contract all the buyers terms are accepted and sometimes discount offered on the already very cheap price. If you’ve had an encounter with any then you will testify everything is so smooth. No advance payment and buyer only pays after gold as been received an assayed in their country. However the buyer is expected to get a CEMAC Buyers Permit from the Ministry of Mines Cameroon without which the Gold cannot leave the country.

The Buyer is then directed to a fake Ministry of Mines website to get the CEMAC Buyers Permit. Browsing online you will notice Cameroon has about 20 different Ministry of Mines websites, all owned by different scammers. Once you agree to this and get the Permit which usually costs $2,500 for 2 years permit and $5,500 for 5 years the scammers move to the next phase of the Scam.

The document you need is not a CEMAC Buyers permit but the CEMAC Gold Process Certification Scheme (CGPCS) issued by the CEMAC Gold Council. This is similar to the Kimberly Certificate. It will be issued by the government of the exporting country through the CEMAC Gold Council.

Every buyer is expected to have this document before they can carry out any business in the CEMAC zone. You can go to their website www.cemacgoldcouncil.org to download the application form and register.

After the registration you will be contacted and once you pay the fee, the certificate will be issued. With this certificate you can trade for life in the CEMAC Zone.

Shipping the gold

After getting the fake CEMAC Buyers Permit and signing the contract, the scammers ship the gold using a fake courier and send you the tracking code. A day or two into the delivery, you will be called and ask to either pay Insurance or more taxes claiming the gold is now in a different country. Sometimes they’ll ask you to buy a diplomatic seal which ensures the gold comes to you without any intervention and this goes on and on until you can’t pay anymore.

Getting scammed can be very traumatizing and it is the worst feeling ever. I wouldn’t wish that on my enemy which is why we set up this website to help.

How to Safely buy Gold from Cameroon

Cameroon has a very big gold market mostly in the Eastern Region of the Country. That is where almost all the mines are located. Except for a few Chinese companies, they practice artisanal mining mostly done by the villagers. The gold mined is usually smuggled out of the country through Central African Republic and Nigeria to avoid taxes. However there are few legit companies and small local corporations that sell within the country. These are the people you should be contacting hence our job of linking buyer and seller in a genuine marketplace.

Our website features many vendor reviews but we also provide a list of safe places to buy Gold online in Africa. The best and only way to buy gold is from vendors recommended by us. Do not be fooled by cheap prices or thinking with just a permit of $5,500 you can get 500kilograms of gold. Help us fight scam today by reporting fake vendors.