What is a CEMAC Buyers Permit?

What is a CEMAC Buyers Permit?

This is one of our most popular topics and we receive tons of emails every week as to this regard. The CEMAC Buyers Permit is an elaborate scam introduced by gold scammers in Central Africa especially Cameroon. According to the scammers, it is a certificate or an Exit Permit issued by the Ministry of Mines Cameroon showing that the buyer is an approved exporter of gold and other precious metals.

This is all nonsense and we are here to let you know that there’s nothing like a CEMAC Buyers Permit. The certificate you need to buy gold is the CEMAC Gold Process Certification Scheme (CGPCS) issued by the CEMAC Gold Council.

Everybody knows there are certain taxes you pay to the government when doing business of any kind however, the gold business is different. Taxes only apply to a buyer when they come into the country to buy. You need a visa and will have to pay certain taxes before exporting the gold.

There are people who buy gold online while others come to the field and buy directly from the local miners. These two groups of people have different ways of trading. Africa is a big and unexplored continent hence many have reservations traveling to it. This means most people will rather contact a buyer online and then have them ship the gold. It is a less expensive way but not without risks.

If you are buying gold online, you simply sign a contract with the buyer, have them ship the gold to you for assay. You only pay after receiving the assay report. Scammers however will tell you a CEMAC Buyers Permit is needed before they can ship the gold to you. People are always fooled by this because of the high commission and very cheap rates. What they want is for you to make some kind of upfront payment.

What to do if someone tells me I need a CEMAC Buyers Permit

If you are in contact with any gold vendor especially in Cameroon and they tell you to get a CEMAC Buyers Permit then stop all communication with them. We cannot emphasize enough. There’s nothing like a CEMAC Buyers Permit, this is just an advance fee scam. The scammers know not many people will pay an advance for gold so, they tell you it can only be exported if you get a Permit. Because their prices are very cheap, you fall for them and send money for a Permit.

The scam won’t end there as you will also be asked for insurance by the courier claiming to ship the gold. It doesn’t stop until you refuse sending more money. If anyone tells you to get a CEMAC Buyers Permit, send their information to us. We will broadcast it on our site and take down their website. Help us fight scam by reporting scammers on our website for free.

Safe way to buy gold in Africa

The safest way to buy gold in Africa is through us or vendors recommended by us. We have done extensive research and can guide you through the entire process. If cheap price is what you are after, then we will link you directly with local miners. You can become a partner with them and get a constant supply of Gold.

Send inquiries if you are looking to buy gold dore bars in Africa. The information we provide on our website is free but if you want us to arrange deals, we do that for a small fee. Join our platform today and meed legit gold vendors in Africa.