Loco Swap - Au

At Fine Gold LLC we offer customers Loco Swap – AU, which involves exchanging the same amount of metal in two different locations. One location is usually London, while the other could be various places, with Zurich being the most common. The trade is recorded as buying metal in one location and selling an equivalent quantity in another. The price difference reflects the demand for metal in each location and includes the shipping cost to London, along with refining expenses if applicable. Typically, this transaction occurs on the spot date, with the currency aspect settled. It is important to note that the metal portion of the transaction cannot be offset due to the deliveries being made to different locations.