Black Sand FZE
Black Sand is a new company licensed as a precious metals and gem trader in the UAE offering a secure supply chain from mine to trade.
Black Sand currently sources from South America, a major source of world gold, which offers a historically more secure political and economic environment in which to operate. Security firms cover the region for secure shipment to Dubai and banks are oriented to international trade. Suppliers are subject to extensive Due Diligence, and all suppliers are subject to vetting with the respective embassies.
All trading and supply authorisations are checked with Government and Trade Commissions. Supply contracts set out the precise terms of trade and volumes.
Black Sand currently operates in Columbia, Honduras, Chile and Peru.
UAE provides the ideal trading base, offering a high liquidity of gold into the marketplace. In 2013, 40% of the world’s physical gold was traded through Dubai. The UAE charges no company or personal tax, no import or export tax on gold or silcer, and offers an easily operational environment, politically stable climate from which to trade.
The Board of Wishbone Gold believes gold and precious metals markets provide an attractive investment opportunity, and one that provides sustainable growth and exposure for shareholders.
The Board believes that the gold price will continue to strengthen in the medium to long tern, leveraged by increasing global demand, in particular from China and India, and from the role of precious metals as a hedge against inflation during a prolonged period of economic upheaval..
In 2016, the Company has added to the potential of it’s exploration potential by the acquisition of the UAE based gold trading business Precious Minerals I -
PMI brings existing supply agreements with Colombia and Honduras, and a strong pipeline of further deals.
The Board is acquisitive and strategies laterally, continually reviewing and evaluating precious metals projects globally.