Brokerage for Artisanal and Small-scale Gold Mining (ASGM)
We, Teng Germ Co. act as an intermediary between gold buyers and merchants in the international gold trading enabling both parties to execute successful transactions. We bring the two interested parties together and facilitates the transaction. And charge a commission for brokering the transaction.
We, Teng Germ Co. Limited acts as an intermediary between gold buyers and merchants in the international gold trading enabling both parties to execute successful transactions. We bring the two interested parties together and facilitate the transaction. And get commission for brokering the transaction.
We operate on many fronts, – as traditional agents acting on behalf of their principals. In international gold trade, we negotiate terms for the purchase and sale of gold bars and nuggets on behalf of principal. We may facilitate the business transactions, but they do no represent any principal or company, reliving us from many of the fiduciary duties inherent in an agency relationship.
We also act as the following ;
- Merchandise Broker – As merchandise broker, we facilitate clients to set terms and conditions such as price, quantity, delivery time, and purchase return etc. We mainly negotiate the contract but do not ship or receive gold on behalf of clients.
- Customs Broker – As Customs broker we provide clearance services for the gold to be exported to international markets.
- We often earn money through gold sales commissions, charging a commission on each transaction. The commission amount largely depends on the way transaction is negotiated.
- We also get a broker’s commission charged on the deal negotiated between buyer and gold merchant. It is predetermined amount or rate. For instance, gold traders with huge inventory may hire us to find potential buyers, negotiate a deal, and charge commission for our services.