PRECIOUS METALS CONTRACT
To establish the contracts, the LME, the world’s largest exchange for industrial metals, collaborated with institutions like Goldman Sachs Group Inc. and Morgan Stanley. There are two main centers for trading precious metals, and London is one of them. Trillions of gold, silver, and related derivatives are traded yearly. Top bullion banks like JPMorgan Chase & Co. and HSBC Holdings control practically all of the over-the-counter market.
The LME’s project aimed to transfer the transaction to exchange similar to the Comex in New York, enhancing pricing transparency. At first, it was somewhat successful, but once Societe Generale SA, one of the LME’s founding partners, shuttered most of its commodity trading operations in 2019, volumes plummeted.
GOLD MINING CONTRACTS
DUBAI, UAE – December 17, 2018 – — SION Trading FZE UAE GOLD SUPPLIER(SION) has entered into an agreement to purchase precious metal ore generated by the miner’s Oaxaca Mining Unit from Don David Gold Mexico SA de CV (DDGM), a wholly owned subsidiary of Gold Resource Corporation (NYSE American: GORO).
Concerning the sales of precious metals by miners, SION Trading FZE UAE GOLD SUPPLIER aspires to offer mining firms higher yields and services that go above and beyond industry standards.
SION Trading FZE UAE GOLD SUPPLIER also serves as Arbitrade Ltd.’s agent for purchasing precious metals. SION Trading FZE UAE GOLD SUPPLIER intends to use its precious metal purchases, including those made via DDGM, to bolster Arbitrade’s current gold assets.
ARBITRADE LTD
Leading cryptocurrency issuer Arbitrade Ltd. is known for its Ingot Family of Tokens, which includes the Dignity Token DIG, Namaste Token NAM, Orectic Token ORE, and Honor Token HNR. All four tokens will have some real metal backing, such as gold, silver, platinum, and palladium digital coins. Visit arbitrade.io to learn more about Arbitrade Ltd.
“We are glad to provide Arbitrade with precious metals obtained from reputable mining firms and known sources,” said senior management at SION Trading FZE UAE GOLD SUPPLIER.
Through strategic partnerships with companies in the financial, retail sales and services, consumer products, food and beverage companies, technology, computer companies, and media companies, among other industries, Arbitrade Ltd., a new cryptocurrency merchant exchange of intellectual property (IP) and proprietary software, has a unique global licensing potential. With a focus on currency mining, such as gift cards, debit cards, money transfers,
and point of sale processing, Arbitrade will operate across all cryptocurrency business categories, including mining and trading (THE ARBITRADE EXCHANGE).
SION TRADING FZE PVT LTD
SION’s Trade License(SION Trading FZE UAE GOLD SUPPLIER), established in the Ras Al Khaimah Free Trade Zone of the United Arab Emirates, permits the purchase, trading, and sale of commercial gold. SION Trading FZE UAE GOLD SUPPLIER makes use of the FTZ’s advantages to streamline its physical gold import, export, and procurement operations. SION obtains precious metals from a number of worldwide customers as well as its original company, Scotia International of Nevada, Inc. SION TRADING FZE UAE GOLD SUPPLIER makes use of top-tier security firms to provide secure precious metal shipping, storage, and vaulting.
