FindBullionPrices.com The direct to consumer division of A-Mark Precious Metals, JM Bullion, finalized the acquisition of competitor BGASC on October 25, 2022. Established in 2012, BGASC had more than 120,000 customers and more than $200 million in annual revenue. BGASC’s assets include the website, domain name, trademarks, logos, customer list, and all intellectual property. JMB will … Read moreA-Mark/JM Bullion Finalizes the Acquisition of BGASC
Government-issued gold coins have been a mainstay in the global economy and international trade since colonial times
As controversy and scandal continues to plague the LBMA and banks affiliated with the bullion trading cartel, the Eurasian Alliance is pushing for the creation of a new bullion trading system that offers a new pricing infrastructure to help facilitate emerging markets. The most recent scandal at the LBMA includes the criminal conviction of former … Read moreNumerous Criminal Convictions Proves Precious Metals Price Manipulation
On August 30, A-Mark announced that their JM Bullion subsidiary had entered into an agreement to buy online bullion dealer BGASC for $4.5 million in cash. BGASC was founded in 2012 in California and has reported more than 70,000 customers and $200 million in annual revenue. BGASC is an abbreviation for Buy Silver and Gold … Read moreA-Mark/JM Bullion acquires BGASC
The Coinage Act of 1965 marked the end of more than a century in which precious metal circulated as everyday money in the United States.
The Justice Department’s multi-year investigation has resulted in the convictions of two key leaders from the Precious Metals Trading Desk at JP Morgan Chase in a long running manipulation scheme. A jury convicted the two defendants, Michael Nowak and Gregg Smith, of wire fraud, attempted price manipulation, commodities fraud, and price spoofing involving a scheme … Read moreJP Morgan Chase Precious Metals Traders in Decade Long Price Manipulation Scheme
The Reserve Bank of Zimbabwe (RBZ) announced that it will begin selling gold coins this month as a store of value to tame runaway inflation, which has considerably weakened the local currency. The announcement comes after the country’s banking regulators raised a key interest rate to 200%, the highest in the world. Inflation in the … Read moreZimbabwe debuts gold coins to fight inflation as local currency tumbles
In a press release last week the Royal Mint reported record demand in international sales for the final quarter of 2021. Many stackers have been choosing to buy one-ounce Britannia coins since they are regularly one of the lowest priced sovereignly minted coins available. Demand for silver Britannias increased 14% over the same quarter in … Read moreRoyal Mint Reports Record Demand from American Investors
Sales tax on precious metals continues to be a contentious issue and more states are considering legislation to remove retail sales tax on gold and silver.
Many trusted and reputable online bullion dealers have made it easy to buy 10 oz bars with bitcoin as a payment method. Several dealers integrate Bitpay wallet and other wallet to payment gateways and exchanges to provide some assurance that transactions will occur with discretion and privacy.