Nana Appiah Mensah has for the first time explained the meaning of Aurum Utalium as stated in Menzgold contract as the type of gold being sold to Menzgold customers.
According to Nana Appiah Mensah, it is never true that Aurum Utalium is another name for fake gold as reported in the meaning when the menzgold-SEC brouhaha started.
NAM1 claims that Aurum Utalium is gold which is less than the 24 karat which is 99.99% gold quality. But that does not mean Aurum Utalium is fake gold.
It’s rather a gold with other elements which could be silver or any other precious commodity. NAM1 revealed that the gold he was selling was 22 karat gold with 92% pure quality.
He revealed that the explaining of Aurum Utalium on google which reads: “Aurum Utalium (or Utallum) is a term often used by criminals who distribute fake “gold offers” is wrong and should be disregarded.
Reading the chapter 2 of the contract signed between Menzgold and the investors, the contract specifies the commodity being sold to investors. Chapter 2: A States: Commodity Gold – Aurum Utallum (AU Metal)
He made the explanation today, 19th August 2019 when he held a press conference to interact with the press and Menzgold customers