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South Africa, Dominion coinage - These coins minted between about 1920 and 1960 and are based on the British monetary system. They show Britains royalty on the obverse and various designs on their backs. Rand coins - After South Africa became independent of Great Britain, the country started minting its own money based on the decimal system.
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In the case of Mutombo and Lawal, of course they never got a gram of gold and instead lost millions of dollars. The link to their entire story is here.
In 2010 several tons of gold imported into the UAE by traders and investors turned out to be fake resulting in millions of dirhams in losses. According to, Mohamad Shakarchi, Managing Director of Emirates Gold, a lot of people in the UAE who tried to import gold at lower prices or through dubious overseas companies have been cheated. We have inspected many consignments from African countries, especially Ghana, and found that there is not an ounce of gold in them.
At the time, Mohammed said that at least five tons of fake yellow metal was lying with Dubai Customs, and merchants estimated that the minimum loss of fake gold imported by local traders was nothing less than 200 million. Gold was trading at around 1200 an ounce.
Most of these gold scams are coming from Africa. The gold scammers claim to be established gold merchants or mining companies. They claim to be in possession of large quantities of gold dust or gold bars, which they offer to sell at below market prices.
And, of course, the seller can walk away at any point with virtually no risk of being caught as all contacts are via anonymous free webmail accounts accessed from Internet cafes and via prepaid mobile phones.
Recently, I read an article about how Congo born, Dikembe Mutombo, an all-star NBA defender, was nicely scammed in a fake gold deal. Evidently, he and Houston based oil executive Kase Lawal were beguiled into believing that they could purchase around 30 million worth of the precious metal at a hugely discounted price to the prevailing global market price from dealers in the African country of.
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Stamps from The Union of South Africa Issues 1937 - 1952 Number of items for sale in this section ekm recordcount data products location auto ekm South Africa 1948 Mini Gold Mine SG124 Bi Lingual Pair Fine Mint. Vertical Pair 1 12d. Value Fine Mint. 1631.29.
African Gold Group is a Canadian exploration and development company with its focus on developing a gold platform in West Africa. African Gold Group is focused on the development of the Kobada Gold Project in Mali, a low capital and low operating cost gold project with the potential to produce more than 50,000 ounces of gold per annum.
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