This page explains how we check buyers and suppliers before a sale, and how we approach the gold we buy.
Knowing our buyers
Before a first sale we verify every buyer: identity, address, and where the money comes from. For businesses we also verify the owners with 25% or more and the people who sign for the business. We may ask for more information at any time, and we may decline or cancel a transaction.
Sanctions
We screen buyers, their owners and payers, and our suppliers against US sanctions lists, and we don’t sell to sanctioned persons or for delivery to sanctioned countries or regions.
Payment
Payment is by bank transfer from an account in the buyer’s own name: yours if you buy as an individual, your company’s if a company buys. We don’t accept cash, cryptocurrency or payments from third parties.
Records
To meet our record-keeping duties, we keep identity, check and sale records for at least five years, and sanctions-related records for ten. Authorities can see them when the law requires it.
Our sourcing policy
We buy from one registered Colombian mining company, which holds the mining title for its mine in Caldas. We use the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas as a reference for these checks:
- We keep the supplier’s mining title and registration in Colombia’s register of mineral traders (RUCOM) on file, and check them.
- We screen the supplier, its owners and its bank against sanctions lists.
- Each lot travels with its certificate of origin and assay report.
- We won’t buy, or will stop buying, if we find a reasonable risk that the gold is linked to armed groups, forced or child labour, serious human rights abuses, bribery or money laundering.
What we don’t claim
We don’t claim that our gold is “conflict-free”, “ethical” or certified under any responsible-sourcing or refining scheme, and Bargold holds no LBMA or refinery accreditation. We describe what the documents show; buyers make their own due-diligence decisions.
Reporting a concern
If you have a concern about our sourcing or a transaction, email info@bargold.gold.