Buy Gold · London
Buy investment-grade gold in London.
OnePiece connects London institutional buyers with 10 kilograms of export-ready African gold priced at USD 5,000 below the LBMA PM Fix per kilogram. Full independent assay, complete chain of custody documentation, and bank escrow or documentary LC settlement.
London as the global gold price benchmark
The London gold market is not simply the largest in the world — it is the market that defines the price every other market references. The LBMA PM Fix, published each business day at approximately 15:00 London time, is the settlement price against which the overwhelming majority of international gold transactions are denominated. When a Ghanaian miner, a Zurich refinery, or a Singapore family office prices a transaction, they are pricing it against the London benchmark.
The infrastructure underpinning this benchmark is concentrated in the City. The Bank of England's gold vaults, located beneath Threadneedle Street, hold an estimated 400,000 gold bars for central banks and institutional clients — one of the largest custodial gold holdings in the world. The bullion banks operating the LBMA market include names that have been synonymous with the gold trade for over a century: Rothschild (now operating through NM Rothschild & Sons), Standard Bank, and ICBC Standard Bank, the largest Chinese-owned bullion bank in London and one of the most active traders in the LBMA market.
London buyers are, by necessity, the most documentation-sophisticated gold buyers in the world. The LBMA Good Delivery system — the set of standards governing bar format, purity, refinery accreditation, and documentation — was developed in London and is administered by the LBMA. London buyers do not simply accept documentation; they invented the framework that documentation must conform to. This makes London buyers demanding counterparties, but also reliable ones: if your documentation satisfies a London buyer, it satisfies every market.
Below-spot African gold relative to London pricing
The LBMA PM Fix is not merely a reference for London buyers — it is the reference. When we describe our current mandate as USD 5,000/kg below LBMA spot, we mean USD 5,000/kg below the Fix on the date of transaction. At current spot levels of approximately USD 3,200 per troy ounce, a kilogram of 999.9 fine gold trades at approximately USD 102,880 at Fix. Our mandate at USD 5,000/kg below that represents approximately a 4.9% discount to the daily benchmark price.
For a London-based bullion dealer or commodity desk that purchases gold through standard channels — typically at spot price plus a premium — our offering represents a genuine cost-basis advantage. The structural reason for the discount is not quality: the gold is independently assayed and investment-grade. It is pre-LBMA-refinement status — the gold has not yet passed through an LBMA-accredited refinery. A London buyer with a relationship with an LBMA refinery captures the full arbitrage between our below-spot acquisition price and the refined bar value.
This is a commercially straightforward trade. London buyers understand it better than anyone, because the LBMA system they operate within is the mechanism that creates the discount in the first place.
Current mandate
Metal
Gold (Au)
Quantity
10 kilograms
Form
Bar / bullion
Purity
Investment-grade — independent assay
Origin
Africa — export documentation complete
Price
USD 5,000/kg below LBMA PM Fix
Settlement
Bank escrow · Documentary Letter of Credit
Delivery
Specialist carrier to nominated UK facility
Timeline
10 business days from signed agreement
Documentation standard
Full LBMA-compliant chain of custody
London buyers and African supply
The London buyer profile for documented African gold includes several distinct institutional categories. Mayfair and St James's family offices — managing significant wealth for Middle Eastern, African, and Asian families — are periodic buyers of physical gold at below-spot prices when documentation meets their compliance teams' requirements. The UHNW client base of London's private banks treats physical gold as a permanent portfolio allocation, not a tactical trade.
Canary Wharf commodity desks at the major investment banks operate active precious metals books. Their buyers understand the structural discount on pre-refined African gold and price it correctly — this is not an unusual transaction for a desk that trades hundreds of tonnes annually. City precious metals traders, many of whom are LBMA members or affiliated with member firms, are natural buyers for the arbitrage between our below-spot acquisition price and the refined bar value.
The regulatory framework governing precious metal dealing in the United Kingdom requires FCA authorisation for firms dealing in precious metals as a business. London buyers in this space are therefore operating within a well-defined compliance infrastructure. What they require from sellers and intermediaries is equivalent rigour: full LBMA-standard documentation, a traceable chain of custody, and a settlement structure that satisfies their AML obligations. Our mandate documentation is structured precisely to these requirements.
This mandate is open to London buyers now.
10kg, USD 5,000/kg below LBMA spot, full documentation, escrow or LC settlement, carrier delivery to the UK. WhatsApp to begin.
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