Phoaks Minerals Consult

Understanding Gold Measurement Units Across Different Countries As professionals in the precious minerals industry, it's crucial to be well-versed in the various units of measurement used for gold across the globe. For buyers, High Net Worth Individuals (HNWIs), and asset managers, understanding these units can significantly impact your investment decisions and ensure you make informed purchases. Here’s a brief guide to the primary units of measurement for gold: Troy Ounces (oz t): Widely used in countries like the United States, United Kingdom, and Canada, the troy ounce is the standard unit for precious metals trading. One troy ounce equals approximately 31.1035 grams. This unit is used in global commodities markets, and its price is often quoted in USD per troy ounce. Grams (g): Common in many European countries and emerging markets, gold prices are frequently quoted per gram. This unit is more granular and might be more relevant for smaller transactions. For reference, 1 troy ounce is equivalent to approximately 31.1035 grams. Tolas (tl): Predominantly used in South Asia, particularly in India, Pakistan, and Sri Lanka, the tola is an important unit for gold trade in these regions. One tola is approximately 11.6638 grams. Understanding this unit is essential when dealing with gold transactions in these markets. Carats (ct): Used primarily for gemstones and sometimes in gold jewelry, the carat (which is different from the metric carat) is less common for bulk gold transactions. However, it's useful to know, especially when dealing with gold in jewelry. Why does this matter? The unit of measurement directly affects the quoted price of gold. When comparing prices, ensure you’re comparing equivalent units. For example, if a gold price is quoted in grams but you’re accustomed to troy ounces, convert the price to the desired unit to make an accurate comparison. For instance, if gold is priced at $1,900 per troy ounce, and you need the price per gram, the conversion would be: Price per gram=190031.1035≈61.02 USD/gram\text{Price per gram} = \frac{1900}{31.1035} \approx 61.02 \text{ USD/gram}Price per gram=31.10351900≈61.02 USD/gram Navigating these differences is crucial for accurate valuation and investment strategies. At Phoaks Minerals Consult, we provide expert consultancy and assurance services to guide you through these nuances and ensure you achieve the best outcomes in your precious minerals transactions. If you have any questions or need personalized advice on gold sourcing and valuation, don’t hesitate to reach out. #GoldInvestment #PreciousMetals #GoldSourcing #InvestmentStrategy #WealthManagement #GoldPrices

Due Diligence in Gold Trading Navigating the intricate world of gold trading can be overwhelming, especially with the numerous offers flooding the market. Choosing the right deal requires more than just a keen eye but one that demands thorough due diligence. These are few tips use can use to sift through the myriad of offers and select the most credible and beneficial offers: 1. Understand Local Regulations: Each country has its own regulatory framework governing gold trading. Ensure you’re familiar with the specific regulations and compliance requirements in your preferred country of sourcing. This protects you from legal pitfalls and ensures your investment is secure. 2. Evaluate Offer Authenticity: Scrutinize the authenticity of each offer, no matter who it's coming from. Look for certifications and verification from reputable authorities and cross-check these against independent sources to confirm their validity. 3. Assess Realistic Promises: Be wary of offers that seem too good to be true. These could be in the form of price, quantity or even transaction procedure. Evaluate the feasibility of the terms and conditions presented. Compare them with market standards to ensure they are realistic and achievable. 4. Verify Seller Reputation: Research the credibility of the seller or supplier. Look for reviews, past performance, and any potential red flags. A reliable seller should have a transparent history and positive feedback from previous clients. In a sector where information is sometimes hard to come by, you need to dig deeper and always double-check! 5. Seek Expert Guidance: As simple as the above points may sound, it demands expertise. Engaging with a trusted precious minerals consultancy firm can provide invaluable insights. Our team at Phoaks Minerals Consult excels in navigating complex markets and scrutinizing offers to ensure they meet the legal, integrity and profitability requirement. This we do through #research and relationship with market players. From sourcing to final assurance, we simplify the complexities of #goldtrading, ensuring you make informed, secure investments. Contact us today to start your journey with a trusted partner in precious metals.

The Art of Gold Sourcing Beyond the Basics While a license is a crucial component of legitimacy, it’s never the full picture. Here at Phoaks Minerals Consult , our due diligence process digs deeper, employing a multi-layered approach to safeguard the #investments of our clients: 1. Supplier Verification: We don’t just check licenses; we vet the entire supply chain. From miners to aggregators, we ensure every step is transparent, compliant and capable of executing the needs of our customers. 2. Track Record Analysis: Our team conducts comprehensive background checks on sellers, analyzing their historical performance and reputation in the market. This includes reviewing past transactions, customer feedback, and any red flags that might indicate potential risks. 3. On-Site Audits: Whenever possible, we conduct physical inspections of mining operations, trading and assay facilities. These audits verify that the operational practices mitigate possible risks and align with ethical and legal standards. 4. Independent Assays: With our team of experienced metallurgists and the aid of technology, we provide an unbiased two-step verification of gold's weight and purity from sourcing to point of export to ensure #quality and #valueformoney In a market rife with potential pitfalls, our rigorous approach to #duediligence means you can trust that your investments are secure. We leverage our expertise to deliver not just #gold, but peace of mind. Engage with us and discover the difference.

God Bless Our Homeland Ghana And Make Our Nation Great and Strong. HAPPY 67th INDEPENDENCE DAY TO THE MOTHERLAND

Although the year has been quiet due to government policies that has given us the chance to expand the scope of our offerings to better serve you. We anticipate that gold (#ASGM) trading and exports will increase as a result of the Bank of Ghana's apparent decision to withdraw from the Gold-for-Oil initiative. Experts predict #gold to continue its remarkable rise due to its endurance in the global market, which regrettably means that scammers will make more shady offers. Nevertheless, Phoaks Minerals Consult your assurance partner, is here to assist you in navigating the complexities of the business, from sourcing to export. ~Are you a new entrant needing guidance? ~Have you received an offer you need advice on? ~Do you need due diligence conducted on a supplier in and outside of Ghana? ~Did you know that you don't always need to take a plane to Ghana in order to obtain and export gold? Here at Phoaks, we collaborate with you to create a #sustainable gold supply chain while assisting you in reducing risks to ensure a viable business. Call/WhatsApp +233206228041 to discuss how we can personalise our solutions to your specific requirements. Ruth Cudjoe StoneX Group Inc. BloombergNEF LRQA - sustainability DMCC (Dubai Multi Commodities Centre) Djamel H. Anil Kansara Responsible Business Alliance Alliance for Responsible Mining (ARM)