Silk Road forums

Market => Product offers => Topic started by: yudo420 on July 12, 2012, 02:00 am

Title: Diamonds Rough, even polished
Post by: yudo420 on July 12, 2012, 02:00 am
Hey everyone I just stumbled upon this site last night. We are active in the mineral trade in Africa, we are not Africans. been here for seven years, do my business. we export rough diamond and gold. New to the bit coin philosophy, but also understand alternative currency. Hence my offer if there are serious parties we exchange diamonds pre-selected in exchange for bit coins. Package would be sent EMS, FED EX, UPS whatever you like even standard mail for small orders as diamond is easily transported and will clear customs. 

Why am I doing this why get involved?  I want to make money and I have access to natural resources. We can go slow and start small thinking a real source here.

I would require up front payment so I can purchase, but we would already have already agreed on the stone. We can help you value the stone rough or cut, the way we will price cutting would be the best way to make a sizable return on your profits.

We can supply gold as well, but I dont know how shipping would work as it shows up under X-ray, maybe 5 gram shipments would work?

Look forward to your feedback, this is not a hustle. Its an opportunity to exchange bit coins for real assets with a build in re-sale profit once polished an upside.

Title: Re: Diamonds Rough, even polished
Post by: MasterS on July 12, 2012, 02:04 am
If your venture proves to be legitimate I am very interested but of course extremely skeptical.
Title: Re: Diamonds Rough, even polished
Post by: yudo420 on July 12, 2012, 02:20 am
totally legit, will even start with one person 1 gram of gold. Once delivered everyone is happy then we can proceed.

Then we can offer, 1g, 3g, 5g shipments. Maybe larger lets see for now as we want the concept to work.

With Diamonds, we can do all white stones properly organized. I think to start gold is easiest. I dont think small amounts would interfere with importation. (note if anyone differs please make your statement). Mail shipments leave Africa via the French mail system. Shipment would be send in a discrete small properly packaged envelope.
Title: Re: Diamonds Rough, even polished
Post by: MasterS on July 12, 2012, 02:25 am
Would would be the cost of 1g of gold? I am very interested in giving you a shot for 1g. It is legal to import to my country the US so I am not worried about customs.
Title: Re: Diamonds Rough, even polished
Post by: yudo420 on July 12, 2012, 02:48 am
Here are my concerns:

Maybe you can answer this for me we get paid in Bitcoins, whats the cost to transfer to our bank, this can effect price?

My only concern is small orders the conversion to EURO and bank wire fees I may lose money and thats not what I want to do.

With that said I am not dettered by the venture idea. I am sure there are a lot of questionable  folks on this site sitting on a lot of bit coins and would like to unload them for untraceable physical assets. Plus gold is only going up experts beleive long term its over $2000 usd so its  safe investment.

Not sure what the exchange today for bit coin to usd but I would say the gold would be no less than $50-$53 at todays price. The gold will be 22 carat in future if its not as pure price will reflect. Shipping which I do not think will be much. After this deal I think we will focus on 5 gram exports.

Title: Re: Diamonds Rough, even polished
Post by: MasterS on July 12, 2012, 03:11 am
The logistics are for you only. If you can come up with how to make money for a price that is good to the buyers I'm sure this will work.

Anyone who has held an ounce of gold understands why someone would want to own such precious metal.
Title: Re: Diamonds Rough, even polished
Post by: chronicpain on July 12, 2012, 04:45 am
Dont forget to get a vendors account before making or offering anything....
Title: Re: Diamonds Rough, even polished
Post by: spike228 on July 12, 2012, 08:03 am
If your venture proves to be legitimate I am very interested. when will you be putting up photos and prices?
Title: Re: Diamonds Rough, even polished
Post by: yudo420 on July 12, 2012, 01:34 pm
Yes, I will sign up for a vendors account.

The feedback on this post is helpful though because I dont want to become a vendor and the idea is bad.

Regarding price I may ask for a premium, but as I mentioned in the previous posts people on this board need hard assets from annoymous sources.

Gold is going up for the long haul, use this example its important: The Federal Reserves/Central Banks are buying up as much gold as they can get. Second imagine this for a moment because it should make you think.

The Central Banks cut a tree down in the forest and turn it into $50 million dollars or Euro. Try mining $50 million dollars in gold, very very hard.

Gold has been around form the beginning of human civilization its not going away.

If you have friends in business or know diamonds yourself you can also get those from us in future.  I have a higher margin on diamond I can tell you what you can sell them for in EU/USA.
Title: Re: Diamonds Rough, even polished
Post by: MasterS on July 12, 2012, 02:45 pm
The problem I have with you selling gold at a premium is it is very easy to obtain anonymously at a premium. At least where I am. In fact it is easy for me to obtain gold at 85% market value and I am able to melt scrap gold bought at 50% market value.  I guess SR gold at a premium is good for places where people can't purchase anonymously?
Title: Re: Diamonds Rough, even polished
Post by: yudo420 on July 12, 2012, 04:07 pm
YOUR SCRAP GOLD ISNT 22 Carat if it is you have a sweet deal its likely 12-14 carat thats 50% under market.

 I am only charging people little less KITCO charges for 22 carat bullion non-hallmarked coins. I do not think they accept bit coins and they arent anonymous.

Plus we ship worldwide so I think its a viable service. I may decrease the price a bit, but its based off the 21-23 carat gold purity 88-93.6%

I am a professional, just like people sell a gram of weed we sell grams of untraceable gold dust.
Title: Re: Diamonds Rough, even polished
Post by: aciddeath on July 13, 2012, 02:37 pm
I like where this is going
post some pictures of what you have just to whet our pallets
Title: Re: Diamonds Rough, even polished
Post by: jenkinsjambereeno on July 13, 2012, 03:44 pm
gold will be worthless when the disasters come, which will be very soon.
Title: Re: Diamonds Rough, even polished
Post by: chronicpain on July 13, 2012, 04:26 pm
This is a great idea if the price is right.. Right now, Im hoarding my bitcoins because the value is skyrocketing.. its gone up over 2 bucks per coin in the last month or so (almost 3 dollars a coin now) . Gold, however, has dropped in price by about 15 percent over the past year, it peaked at 1900 and is now hovering around 1591 an ounce.But im sure it will go up..

But, the bitcoin is VERY volitlile as anyone with any experience knows. But, it has been pretty steady in the last 6 months or so and seems to be going more main stream. Especially with the new technology that will be released soon (being able to put bitcons on your own visa card, etc).

So, it will depend on what you charge.. If you can get spot any time and its easy and you can do it anonymously (no taxes, ect. I think you said you live in a kangaroo state, so that tells me that there is very little regulation) then I would charge what you can normally get.. But, if you only get 80 percent of spot or you have to jump thru a lot of hoops to get spot, then to me, it would be worth selling it for 90-80 percent of spot. it all depends on how easy it is for you to get spot.. also, you have to figure your costs in shipping, costs for converting coin (again, i wold hoard that stuff like it were gold (pun intended))

It all depends on your bottom line.. But, I think you will have a market here.. I have sent you some ideas via pm. but it all comes down to what you are going to charge for the gold/diamonds....
Title: Re: Diamonds Rough, even polished
Post by: Limetless on July 13, 2012, 04:50 pm
Only way I'd get on this is there was certificates to assure the karat, that the sales were hedged and if I could have them checked by a jeweler before I FE'd. Pictures posted on forums of precious stones can be quite easily faked with photoshop.

I'm not saying the OP is pulling a fast-one, if they can genuinely sell stones here then fuckin kudos to you my friend and I would definitely get involved. Saying that I don't know fuck all about stones and I am pretty sure few-to-no people on SR do either so you'd have to give a lot of wiggle-room so we could get it checked out like I said above before any money was passed over. Also if the stones are legit I wouldn't sell to anyone that hasn't spent a decent wedge on SR because they could turn round and say they were bent after they received them and you could potentially lose your cheddar.

Can you get other precious metals/stones in particular platinum, rubies, emeralds and sapphires? And could you do larger quantities of gold like 100g/250g/500g/1 key? I can get a gold ingot (kilo) for between £35-40K but if you are in the source nation then it would be nice to see a significant undercutting of the price. Also which area of Africa are you in? I don't want to know the nation of course but if it's a hotspot then that would put me off.

The issue you raised about getting metals past the x-rays is fairly trivial so long as you are prepared to put a little effort in but it would depend on how far you'd wana take it.

Curious about this so hope to see a response soon.

Title: Re: Diamonds Rough, even polished
Post by: No FE ever on July 13, 2012, 04:57 pm
Id also definitely be interested based on price, all of the gold/silver we've seen on here so far has had insane premiums (I know I've seen at least an 80% premium on here before for gold) and therefore nobody buys and it doesn't last long, if you can offer spot or below, youd be golden, I agree with limetless though that you would have to put up a bit of your own money, because as much as I trust a completely anonymous person saying that they live in a country across the world from me and have things that I would be interested in giving away my money for....(sarcasm)....it would be very easy for someone to say that and just spray paint some rocks and send em out....or just not send anything at all after people finalize


Also would you only have gold dust, or would you be able to offer nuggets as well?
Title: Re: Diamonds Rough, even polished
Post by: MasterS on July 14, 2012, 12:13 am
A testing kit of Nitric acid for gold is really damn cheap. Cheaper than buying bullshit MDMA Marquis and the like. Also if you enjoy hobby gold/silver refining through electrolysis like me you've got Nitric Acid and HCL just sitting around by the liter. I didn't respond to your response yudo420 because you responded to me like I have know idea what I am talking about. I absolutely get gold at 50% of spot. Spot right now for gold is 1589.40/troy oz. I purchase a DWT of 14k scrap jewelry for $23, refine, pour my own bars on graphite molds with my own "personal" stamp. I save a lot of money to cut out the middleman but if I can get good quality gold that doesn't require so much work just for resale I am willing to approach an endeavor with a much lower profit margin.

*Disclaimer this is what I pay but my current issue is finding enough people to sell their scrap gold. Yes a portion of that lack of clientele is my low payout but I have no reason to increase my % of spot unless I get less customers than I need. This is a hobby for me not a career. Also, I make house calls so I add that to my appropriate hourly commission on the calculations.
Title: Re: Diamonds Rough, even polished
Post by: flyer81 on July 15, 2012, 09:01 am
What is the cost for the smallest unpolished stone you can send as a sample.  Interested in trying this but would only slowly ramp up purchases and the amount I was willing to risk. 
Title: Re: Diamonds Rough, even polished
Post by: yudo420 on July 16, 2012, 03:05 pm
Hey guys sorry was at the beach for the weekend.

I have to sell it at spot or maybe a tad less. I cant go lower I can sell here or international for that so it has to be worth my while.

What I am thinking is 5 gram button coins or flat bars easy to mail. I might allow certain qualified folks to work escrow.

Other than that I am selling 21-22 carat gold. One of you guys mentioned its Africa you can get it really cheap. Thats not true most people who think they can get it cheap get scammed. The Africans know the market price, today with mobile phones and internet you cant rob them anymore.

Title: Re: Diamonds Rough, even polished
Post by: MaxxOut on July 16, 2012, 03:11 pm
If your venture proves to be legitimate I am very interested but of course extremely skeptical.

All 3 but mostly rough diamonds.
Title: Re: Diamonds Rough, even polished
Post by: Limetless on July 16, 2012, 03:13 pm
See this is why Britain needs to rule Africa again, then we could get this shit at knock-down prices.   :-\

Title: Re: Diamonds Rough, even polished
Post by: yudo420 on July 16, 2012, 03:22 pm
lol
Title: Re: Diamonds Rough, even polished
Post by: MasterS on July 16, 2012, 03:22 pm
haha that's fucked Limetless