Is the CEMAC Buyer’s Permit Real or Scam

Is the CEMAC Buyer’s Permit Real or Scam

We receive more than 20 emails a day from buyers asking this same question, ”Is the CEMAC Buyer’s Permit Real or Scam ?

The CEMAC Buyer’s Permit is the oldest gold scam format used by Cameroonian and Central African fraudsters online. It is a format that has been very successful and still used even today. The format has been around for more than 20 years. The Central African gold scam, always starts with the CEMAC Buyer’s Permit.

When a buyer makes contact, he is given very good prices and a huge commission. This is aimed enticing the buyer. Fooled by the cheap price, he forgets about due diligence and goes directly to completing the deal. Sometimes the price is even below $28,000 per kilogram of gold. This price will get everyone interested but you need to be wise and know that if something is too good to be true then it is scam.

How the CEMAC Buyer’s Permit Format works

When you contact a gold vendor and send them your Letter of Intent, they will reply with their Full Corporate Offer(FCO). On this FCO document is their mode of operation and their terms also called CIF Procedures. Mostly the 7th Procedure is about the CEMAC Buyer’s Permit and it reads thus

7.) We sellers don’t ask upfront payment. All the buyer does is to get the CEMAC buyer’s permit from our Ministry of Mines, Geology and Technological Development who stand as a trustee between seller, buyers and mandates which we will assist and direct buyers / mandates on the procedure of getting the CEMAC Permit. This document is to protect buyers to be recognized in the CEMAC Zone or countries of business and they can trade on credit and at a discount cost if they have the CEMAC Permit Document. These are countries that makes up the (Central African Economic and Monetary Community (CEMAC)—Cameroon, Chad, the Central African Republic, Equatorial Guinea, Gabon, and the Republic of Congo).

This is where the scam starts. You will be directly to a fake Ministry of Mines website where you will be asked to either pay $4,500 for a 2 year permit or $7,500 for a 5 years permit. Thinking you are talking to the Ministry of Mines you will buy this permit which is just a paper and that is the beginning of the whole scamming process.

There is no document like a CEMAC Buyer’s Permit. Do not be fooled or pay any more for something like that. If a buyer tells you to get a CEMAC Buyers Permit, then stop all communications with them immediately.

CEMAC Gold Process Certification Scheme (CGPCS)

The only document you need is the CEMAC Gold Process Certification Scheme. 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.

Best way to buy Gold from Cameroon

The best way to buy gold from Cameroon is through vendors recommended by us. Gold Bullion Reviews Directory is a review website aimed at sensitizing buyers on the risks involved in buying Gold online from Africa especially Cameroon. We have worked with many companies, investigate others and are now able to distinguish between a real and a fake vendor.

This business involves a lot of money and losing money to a scammer can be very traumatizing in this difficult economy. Our job is to ensure you do business smoothly without falling prey to scammers.

We have been able to conduct business for many and also help some retrieve lost funds from scammers. If you have been scammed, go to our Report Scam Page, fill the form and send it to us. We will open an investigation with the local police and track them down.

Buying Gold online has been made very easy by Gold Bullion Reviews Directory. All you have to do is make contact and we will send you a list of all the Verified Gold Vendors in the country.

Send inquiries today and get the list of genuine gold vendors. You can either send us a direct email or call.

Send us a direct email at: [email protected]