The team at SD Bullion sent out an email to their customers today informing them of a change to the minimum order amount.
Several weeks ago, SD Bullion, along with other online bullion dealers, experienced an unexpected increase in daily order volume due to the banking crisis that began with the collapse of SVB. This led to several online dealers increasing the minimum order size in order to reduce the volume of orders.
SD Bullion had increased their minimum order amount to $500. The announcement today notes that the reduction to a $250 order minimum.
The complete text from the email announcement reads:
Over the past week, we’ve continued to address the backlog of orders to work us closer towards normal processing times of 1-3 business days. We expect to reach that goal within the next two weeks. Therefore, this morning, we were able to reduce the order minimum from $500 to $250 to allow us to resume serving as many customers as possible. We’ll evaluate additional steps to remove the order minimum altogether as we monitor demand moving forward, but our goal is to remove the minimum completely as soon as our operations can support it.
We have continued to offer best in class value for physical precious metals throughout this period of substantial demand and will continue to be the online dealer of choice for stackers and investors everywhere. We appreciate your support and patience as we continue to accomplish our mission.
Sincerely,
SD Bullion Executive Team
SD Bullion is one of the few dealers that currently offer both silver at spot price and gold at spot price to new investors.
