Afternoon everyone….
Finishing up early today in the shop. Jennifer and I are meeting a friend of mine and his wife for dinner. I also bought us tickets to a comedy show. More details tomorrow.
I’m not a huge fan of the company A-Mark precious Metals. Why? Because they are buying up smaller dealers trying to control the market on premiums. They have bought out several dealers outright, and have their hands in numerous others. They are trying to monopolize the bullion market.
There used to be such competition between dealers. All of the big dealers used to really go after having the best price. Hell I used to buy from Apmex on a regular basis. They always had silver at spot deals or $.19 over spot deals, usually on ten ounce bars. (Which are my personal stacking favorite) Now they follow the pricing structure that A-Mark owned companies are setting. Plus their customer service now is horrible.
Here is a little info on them:
Founded in 1965, A-Mark Precious Metals, Inc. (NASDAQ: AMRK) is a leading fully integrated precious metals platform that offers gold, silver, platinum, and palladium bullion numismatic coins and related products to wholesale and retail customers via a portfolio of channels. The company conducts its operations through five complementary segments: Wholesale Sales & Ancillary Services (includes Logistics and Minting), Direct-to-Consumer, and Secured Lending. The company’s global customer base spans sovereign and private mints, manufacturers and fabricators, refiners, dealers, financial institutions, industrial users, investors, collectors, and e-commerce and other retail customers.
A-Mark’s Direct-to-Consumer segment provides access to a multitude of products through its wholly-owned subsidiaries, JM Bullion, Goldline, and LPM.
JM Bullion is a leading e-commerce retailer of precious metals and operates seven separately branded, company-owned websites targeting specific niches within the precious metals market: JMBullion.com, ProvidentMetals.com, Silver.com, Gold.com, GoldPrice.org, SilverPrice.org, BGASC.com, and BullionMax.com. JMB also owns CyberMetals.com, an online platform where customers can purchase and sell fractional shares of digital gold, silver, platinum, and palladium bars in a range of denominations.
Now for the round….
