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Trading Terms Used For Gold

The law of the sea.

Trading Terms Used For Gold

Postby Royden » Tue Nov 01, 2016 4:10 pm

Hi DavideAndrew Papa,

First I want to state I'm very naive when it comes to the world of international trade but I'm learning quick, so bare with me as I may come across a complete novice.

OK so a Family member is working with a guy looking to purchase gold, he asked me to help him look around the Internet and see if I could find a seller as I'm good with working on the net. So I posted a few leads on different trade web sites and waited for a reply. To my surprise I got an offer from a so called seller, I looked over the offer and to me it looked good so I forwarded on the buyer. He e-mailed me the offer back telling me its more then likely to be fake because the seller used the term "Aurum Utalium" when referring to Gold. He said it is Au or aurum which is Latin for gold not this "Aurum Utalium".

Please could you clear this up for me as I've noticed that this term is used a lot over the Internet.

Thanks for the help and sorry again if I come across as a true novice.
Royden
 
Posts: 37
Joined: Sun Feb 02, 2014 6:47 am

Trading Terms Used For Gold

Postby Walwyn » Wed Nov 02, 2016 2:29 pm



Dear Ewart

Aurum means Gold -Utalium means nothing- and was thought to mean "Utility or useful"- Thus Useful Gold- instead of gold lodged in I.e: Quartz-

Using the term Aurum in a gold deal  is incorrect- "Bullion" if refined Alluvial, Nugget  or Dust if not refined- Intermediaries should not deal in  Electronic Gold Bullion  depository- Most traders need a security license to deal in such Gold-

As  for Old Gold - Please read FAQ own www.itsi.itgo.com

then read URPIB article 9 on the other page-

Keep away form such dealings- With many years experience even I would have trouble closing such deals-

it's also shark infested waters- Circumvention is 99.9%% assured even real gold was sourced-

Sell sugar!

Regards

Davide Papa

www.ftnexporting.com

www.ftnx.9f.com

www.itsi.itgo.com
Walwyn
 
Posts: 42
Joined: Fri Jan 10, 2014 5:26 am

Trading Terms Used For Gold

Postby artzai » Fri Nov 04, 2016 8:01 am

Hi DavideAndrew Papa,

First I want to state I'm very naive when it comes to the world of international trade but I'm learning quick, so bare with me as I may come across a complete novice.

OK so a Family member is working with a guy looking to purchase gold, he asked me to help him look around the Internet and see if I could find a seller as I'm good with working on the net. So I posted a few leads on different trade web sites and waited for a reply. To my surprise I got an offer from a so called seller, I looked over the offer and to me it looked good so I forwarded on the buyer. He e-mailed me the offer back telling me its more then likely to be fake because the seller used the term "Aurum Utalium" when referring to Gold. He said it is Au or aurum which is Latin for gold not this "Aurum Utalium".

Please could you clear this up for me as I've noticed that this term is used a lot over the Internet.

Thanks for the help and sorry again if I come across as a true novice.
artzai
 
Posts: 55
Joined: Fri Apr 01, 2011 7:11 pm


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