Gold buying company opened in Croatia
Back in 2010, when I have discovered the market of gold scrap trade in Croatia, I have done my best to open up a local company for legal gold buying and exporting.
Croatian market of gold was peculiar at that time.
Virtually no company or single business was buying gold at the time when I have discovered the market in Balkan areas.
Balkan countries such as Croatia, Bosnia, Serbia, Macedonia, Montenegro, they were all part of hte former Yugoslavia.
Yugoslavian regime did not allow gold to be simply bought and exported, they regulated it so that only jewelers and the Central Bank were able to buy gold and nobody else.
After the independence of Croatia and other former Yugoslavian countries, the laws were still the same. Old laws have been taken over and reused by new countries. Gold was possible to sell only to the local jeweler and not to businessmen and companies.
Suddenly, Croatia have canceled those old laws as they were preparing for the entrance to European Union.
As I had some capital for gold trade, I have researched the market and found out that local jewelers not only cheated their clients and were purchasing gold for less than US $4 per gram, they also were the major smugglers of gold.
And by researching more the market, I have found that very reputable companies selling and promoting investment gold from Slovenia were the number one buyers of such smuggled gold from Croatia.
I was thinking I can do it better, and open up a first company to buy and trade gold, and so I did.
With more than 10,000 websites and online and offline marketing in newspapers, radio, and on the streets, I have managed to draw attention of people who wanted to sell me their gold.
My phone was ringing each minute.
In just 1 year thereafter, few of larger investment companies with ties to Albania and Italy have overtaken the market, and purchased several tonnes of gold from Croatia for further export.
More than 500 businesses opened in Croatia with purpose to purchase gold scrap for cash.
Other Balkan countries started opening as well for simplest gold scrap trade.
When market drastically changed in 2012, we went to Africa for hunt for gold bearing ores.
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