Maktari & The Gold Market 
(01/01/1900)
Gold, Platinum and Silver have all risen on the possibility that more central banks around the world cut interest rates.
Platinum contracts for April jumped and Physical gold sales also continue to boom, especially in the Middle East, as reported by the World Gold Council.
Gold Sales in Saudi Arabia rose almost 17% by volume in 2007 for an increase by value of almost one-third.
"The economy of Saudi Arabia, especially after the euphoria of the stock market cooled off, and that helped gold demand in the country," reports The Peninsula newspaper.
Gold bullion is the ultimate asset and is probably the best way of ensuring wealth preservation and for passing wealth from one generation to another.
Buying gold is widely seen as an effective way to reduce risks in an investment portfolio, as gold prices remain relatively more stable in times of economic and market uncertainties. Concerns about worldwide inflation also add to the charm of investing in gold.
Speaking to Rebecca Willis, personal assistant to one of the largest physical gold buyers and better known as the ‘gold hand’ or M Maktari says “physical gold or gold that is owned and sold by private individuals is becoming harder to find”.
Problems lye within different areas and one of the main issues are brokers. Brokers always stop the buyer and seller from coming together in fear of loosing out in fees or commissions in which affects every genuine potential sale and again raises the price or lowers the discount making the physical gold harder to sell.
The private physical gold market is so different from that trading.
Firstly, the private seller will sell gold at a discount. Genuine discounted sales of physical gold range between 1% net below the trading or market value all the way up to and beyond 9% gross depending on the age of the gold.
Remember, gold that is older than five or six years is considered too old in the private gold market hence the larger discount and so the buyer prefers to re-smelt the gold and re-stamp it.
One name stands out when wanting to buy or sell physical gold at a discount.
Maktari is a name most have heard of whether you have dealt directly with him or not.
Recognized for his negotiation skills and money making schemes or perhaps just luck, Maktari has well established him self among the top purchasers in the physical gold market and states he is as simple and as down to earth as one can be.
Maktari represents clients mainly from the Middle East but has shown his interest recently in Russia and Yemen.
More recently, Rebecca claims that Maktari has been trying to purchase shares from mining companies via third parties and brokers but has not been able to do so due to refusal. This obviously shows that Maktari is a threat.
Rebecca also says that Maktari is a victim of hate and jealousy as he has risen from nothing to something. He is a very generous and down to earth individual. Anybody that speaks with him would never think that he is involved in the gold industry as he never shows his wealth.
Maktari recently donated £10,000 to a homeless person’s charity and stated “anyone can be homeless”.
Related categories: Gold bars Gold trading Platinum trading Silver bars Silver trading
