This new depository not only enhances the security options available for precious metals storage in the Western United States but also brings additional employment opportunities to the Treasure Valley area. The opening of this depository reflects the growing demand for physical precious metals, driven by concerns over currency debasement and economic uncertainty.
According to a recent announcement, the latest investment of $9.6 million brings A-Mark’s ownership stake to 55.4%. A-Mark acquired its initial stake in SGB in 2014 and increased its investment again in 2022 to 47.4%.
When it comes time to sell your gold coins it is a good idea to get price quotes from multiple dealers, coin shops and brokers. We now offer a quick way to compare buy back prices from online dealers to help make selling your gold coins easier.
As an incentive to new customers, some online dealers offer spot price deals to new customers as motivation to make a purchase. By combining all of the available spot price offers, it’s possible for an investors to build a small precious metals portfolio that contains roughly a kilogram of silver and 1 oz and 11 grams of gold.
JM Bullion was acquired by the industry wholesale powerhouse, A-Mark in March 2021. Since then, the company has gone on an acquisition spree, buying up many well-known precious metals dealers, limiting the options for investors looking to buy gold and silver.
Sales tax on precious metals is a complicated patchwork of outdated state laws that has created problems for online retailers since the 2018 South Dakota v. Wayfair decision.
The acquisition price for all assets is reported to be $41.5 million, consisting of $37.5 million in cash and $4.0 million of A-Mark common stock with an additional $37.5 million in cash incentives.
One of the most popular silver at spot price deals is the 10 oz Silver Bar at Spot Price from Silver Gold Bull. This particular silver bar is minted by Sunshine Minting and contains a custom design that features the Silver Gold Bull charging bull logo.
Kitco has restored some website services after being taken offline due to a cybersecurity incident nearly two weeks ago. The website now displays precious metals news, commentary and analysis, price charts and other information, but e-commerce functionality is still offline. The company
While this helps to make precious metals more accessible to more people, consumers should be wary about purchasing their precious metals through Walmart as the premiums are often higher than buying direct from the dealer, even taking into account the higher premiums that come with using a credit or debit card for purchase.