JM Bullion to be acquired by A-Mark Precious Metals

Kliao

They’ll be acquiring JMBullion.com, ProvidentMetals.com, Silver.com, GoldPrice.org, SilverPrice.org

https://www.globenewswire.com/news-release/2021/02/09/2172664/0/en/A-Mark-to-Acquire-Leading-E-commerce-Retailer-JM-Bullion-Creating-the-Industry-s-Preeminent-Fully-Integrated-Precious-Metals-Platform.html

Jimnight

WOW! Thanks for the read.

derryb

A Mark is one of only a dozen Authorized Purchasers of US Mint bullion. Only natural for them to increase their retail footprint. One would think that another direct buyer of US Mint bullion, APMEX, would provide better retail prices. Hopefully A Mark can drive APMEX's prices down.

MsMorrisine

that's a lot of footprint. good to see that apmex will have competition among APs doing retail.

blitzdude

@MsMorrisine said:
that's a lot of footprint. good to see that apmex will have competition among APs doing retail.

Perhaps good for the consumer? Funny I thought A-Mark was dead. Figured it would of been one of the acquired instead of being the acquiree. RGDS!

dpoole

That's a lot of absorption/consolidation in one fell swoop. Remains to be seen IMO about what that does to competitive prices.

derryb

like other retailers, top dollar will be sought. APMEX buys directly from the mint and look at their retail prices. Maybe now competition on equal footing will bring prices down.

jmski52

I never understood how A-Mark could stay in business with the pricing and onerous terms that I remember every time I checked with them for a potential purchase. No thanks.

ricko

I wonder if they will continue the JM marking,.... If not, that will drive up JM bar prices as the new markings take over. Cheers, RickO

abcde12345

@Jimnight said:
WOW! Thanks for the read.

MsMorrisine

AMark can stay in business because they are an AP and do high dollar, high volume business primarily.