Is the CEMAC Buyers Permit Real or scam ?

Is the CEMAC Buyers Permit Real or scam ?

Is the CEMAC Buyers Permit Real or scam ?

A question that has left many gold investors confused over the years. With over 96% of gold deals in Cameroon being fraudulent in nature, the market is looked upon with disdain and many complain of getting scammed.

We conducted a censor and 90% of people who got scammed complained of sending $5,500 to the Ministry of Mines for the CEMAC Buyers Permit. After sending $5,500 to the Ministry of Mines, they were issued the document and then the buyers kept asking for more money.

The CEMAC Buyers Permit is only issued by the Cameroon Ministry of Mines, it costs $7,500. Fraudsters are very clever, they have cloned the Cameroon Ministry of Mines website and now offer the CEMAC Buyers Permit for $5,500.

These fraudsters can also easily be spotted by their cheap prices as they offer a kilogram of gold for as low as $18,000.

What is the CEMAC Buyers Permit ?

The CEMAC Buyers Permit (CBP) was established in 2003 to prevent “conflict gold and diamonds” from entering the mainstream market by Central African General Assembly Resolution 55/56 following recommendations in the Fowler Report. The process was set up “to ensure that precious metal purchases were not financing violence by rebel movements and their allies seeking to undermine legitimate governments.

It was also a way to stop unregulated mining plagued by fatal accidents, smuggling, child labor and environmental damage.

Anyone looking to buy precious metals from Cameroon or any Central African state needs this CEMAC Buyers Permit for free passage to trade.  Without this Permit, you cannot buy gold from Central Africa.

Cost of the CEMAC Buyers Permit

The CEMAC Buyers Permit costs $8,500. It is issued only by the Ministry of Mines and valid for up to 10 years. While the permit has been greatly welcome by many, what is destroying the gold market in Central Africa is scam.

Scammers have cloned the Ministry of Mines website and now offer the Permit for just $5,500. Because it is cheap, many fall for them and end up losing money.

Where to get the CEMAC Buyers Permit Application formm

Once you find a genuine gold vendor and sign a contract, go directly to the Cameroon Ministry of Mines or contact us for a copy of the Application form. The form is free and it usually takes 3 days for the Ministry to issue the permit.

Send inquiries if you need help getting the CEMAC Buyers Permit.

 

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