Engaged in international trading of metal, what trade sites you recommend?

8 replies
Hello!

A friend of mine is engaging global trading of precious metal, petroleum, and diamonds. I would like to know if anyone here deal with these products before? Is it dangerous to deal with gold? Is it legit to trade gold indeed?

As I would like to explore in this trading business, what trade sites do you recommend me to start with if my market target to major developed countries which I can post buying ads so that seller can approach me? So far I only have tried alibaba, ecplaze, ec21, are they any you guys recommend me with high traffic?

Thanks!
#engaged #international #metal #recommend #sites #trade #trading
  • Profile picture of the author GlobalTrader
    Most diamond, precious metals and petroleum sales are locked up through the big buying companies and these are very much a closed markets to new traders.

    These type of deals are generally foisted on those who have little or no knowledge of the import export business but who have a lot of interest in getting rich quickly and easily - sorry for the tough love reply but there just is no such thing in this industry or any for that fact.

    Here are links to 3 resources that you will find helpful in considering if global trade is for you and provide other more viable ideas to move forward with, if you decide this is the path you wish to take after reading some 'real' world trade information:

    A Basic Guide to Exporting - Table of Contents - Free Basic Guide To Exporting (yes, 1998 copyright but the info is still valid except some addresses and phone numbers)

    Welcome to Import and Export - "Exporting: The Definitive Guide to Selling Abroad Profitably"

    Import Export Business - nearly 8 years of import export business questions and answers in the archives
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  • Profile picture of the author David B.
    Global Trader do you have any possible buyers for cookies - baked and dough? I work for a big cookie company that exports to Japan, Korea, Taiwan, Kuwait, Norway, Australia, etc beside making cookies for many of the food businesses in the United States.
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    • Profile picture of the author GlobalTrader
      Originally Posted by David B. View Post

      Global Trader do you have any possible buyers for cookies - baked and dough? I work for a big cookie company that exports to Japan, Korea, Taiwan, Kuwait, Norway, Australia, etc beside making cookies for many of the food businesses in the United States.
      I no longer have access to lists of buyers, however, you may be able to identify potential buyers by using Bing and Google's advanced search options.

      Do some searches on the names of the current buyers your company is selling to - from these searches you should be able to identify how they are classified in the search engines - then begin searching for those keywords you have ID'd and add the advanced search option of the country(s) you wish to find buyers in - "One" country at a time.

      Also, do not search for "cookie" buyers or something that targeted - most "cookie" buyers are probably "grocery" goods importers/distributors that buy multiple different grocery items for ultimate distribution to the retailers who buy from them.

      Hope the above helps.
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  • Profile picture of the author David B.
    Thanks, that gives me a few ideas.

    What is the best online marketplace for export/wholesale?
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  • Profile picture of the author popstocks
    Banned
    There is no oil trading for you.....locked up sealed, big boys don't need brokers to market this stuff.

    Ask your-self....why on earth does XX company need a broker to sell this?

    99.99% of it all out there is fake. Linkedin is full of "brokers" with 5 million barrels of crude oil to sell $10+ under Platts price.....JOKE!

    You think I.m is full of scammers.....this is 10X worse.

    Idiots abound.
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    • Profile picture of the author GlobalTrader
      Originally Posted by popstocks View Post

      There is no oil trading for you.....locked up sealed, big boys don't need brokers to market this stuff.

      Ask your-self....why on earth does XX company need a broker to sell this?

      99.99% of it all out there is fake. Linkedin is full of "brokers" with 5 million barrels of crude oil to sell $10+ under Platts price.....JOKE!

      You think I.m is full of scammers.....this is 10X worse.

      Idiots abound.
      Popstocks is right on the money! I agree 110%.

      One of the services we provided for nearly 20 years went out of business about 2 1/2 years ago - Printed and CD rom directories of worldwide importers.

      They were in business for over 40 years but the Internet ultimately put them out of business (for several reasons). We, at one point, were producing more sales than they were producing, at one point, tens of thousands per year.

      With just this 'one' product the scammers and fraudsters got to be so bad that at one point between 2002 and 2008 we were receiving 10 fraud orders for every legitimate order. We implemented some IP tracking and was able to reduce it by about 50-60%.

      Ultimately, we took a cut in commission to turn all the processing over to the publisher and let them deal with the fraud issues.

      I stopped adding the total of the fraud orders in 2008 when they reached over One Million dollars total.

      Most of the fraudsters were trying to get the database so they could spam the importers listed in them with their phishing emails and/or fraudulent "we have the item you are seeking available".

      This part of my reply is for Popstocks but also relates to my reply to David B. in regards to his latest question:

      Originally Posted by David B. View Post

      Thanks, that gives me a few ideas.

      What is the best online marketplace for export/wholesale?
      Quick answer: NONE

      I do not know your relationship to the cookie company you reference in your first reply but literally, there are NO marketplaces that I would recommend.

      Legitimate exporters were giving up on the "online marketplaces" as early as 2000 due to the prevalence of fraudsters/scammers/spammers (FSS) that had already overtaken the legitimate suppliers and buyers.

      In regards to a buyer (importer) as I stated in my reply to Popstocks, the Internet has evolved the business of International Trade. With "most" legitimate companies now having a website, why would a "legitimate" importer post on a 'marketplace' when they know they will be bombarded with FSS replies?

      Why would they post to an online marketplace knowing this exposes them to the FSS when they can simply do a Bing or Google search to find most of the 'legitimate' manufacturers and suppliers listed on their search engine results?

      The very best 'marketplace' for a supplier/manufacturer is their website.

      Depending upon what your relationship is with the cookie manufacturer, ask if you can handle their internet marketing/international business part of marketing. Negotiate an agreement to work on an independent contractor basis for a set percentage of sales that you generate through your marketing efforts. Have all the leads come through you for evaluation prior to turning them over to the company (if they do the actual sales and you only the marketing).

      Again, I do not know your position in the marketing of the cookie company and quite frankly I do not have time to do personal consulting - I strongly suggest you avail yourself of the resources that I referred to in my original post to the OP above.

      With that said, I wish you success!
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  • Profile picture of the author zunonline
    thanks for your guys comments! i found out that linkedin probably a good place to start but somehow the site was flawed, for some reason i was modulated for unknown reason which i couldnt post any topics in groups.... :-( but that exactly how I found my first buyer which seems to be genuine at this moment...yes, you guys are right, 99% of them is scammers, i guess i am searching for the 1% which i am currently dealing with at this moment regarding gold trading and so far it looks great..
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    • Profile picture of the author popstocks
      Banned
      Originally Posted by zunonline View Post

      thanks for your guys comments! i found out that linkedin probably a good place to start but somehow the site was flawed, for some reason i was modulated for unknown reason which i couldnt post any topics in groups.... :-( but that exactly how I found my first buyer which seems to be genuine at this moment...yes, you guys are right, 99% of them is scammers, i guess i am searching for the 1% which i am currently dealing with at this moment regarding gold trading and so far it looks great..

      The trouble is Linkedin, 99.9% are fakers. Sound familiar?

      Claim to be mandate buyers or oil refiniries....looking for $100M+ of crude oil to buy on linkedin..LOL...i am sure. Likethey don't have their own sources to tap?

      Go and look at Glencore, Vitol, etc.the huge commodity houses. Biggest companies in the world.

      Look up David Papa (smice)...but it's one tough business. I'd say almost impossible.

      Go local...small manufacturer ask if you can be busines creator for them.

      Learn international trade. Very interesting subject. Law/Fiance/Trade terms. You can't fak it here like in I.M.ing. You have to actually know what you are talking about. Shock horror.

      The $$$ numbers in this business a huge and it's all very professional B2B. So don't run in acting like many on here, selling crap to the gullible. They'll black list you as an idiot.

      Good luck. Either commit 100% to it or move on. Best to try and get in at commodity trading house.
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