JM Bullion to be acquired by A-Mark Precious Metals
Kliao
Posts: 5,558 ✭✭✭✭✭
They’ll be acquiring JMBullion.com, ProvidentMetals.com, Silver.com, GoldPrice.org, SilverPrice.org
Collector
75 Positive BST transactions buying and selling with 45 members and counting!
instagram.com/klnumismatics
2
Comments
WOW! Thanks for the read.
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.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
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!
The whole worlds off its rocker, buy Gold™.
That's a lot of absorption/consolidation in one fell swoop. Remains to be seen IMO about what that does to competitive prices.
Here's a warning parable for coin collectors...
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.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
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.
I knew it would happen.
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
AMark can stay in business because they are an AP and do high dollar, high volume business primarily.