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WHO ARE THE PEOPLE!

achillesaeroachillesaero Posts: 81
in U.S. Coin Forum
Just who are the select view who gets to purchase all the silver bullion from the mint for major distribution for the rest of us to buy from?image
achillesaero

Comments

  • FLBuffaloHunterFLBuffaloHunter Posts: 3,127
    Link
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • JJMJJM Posts: 8,039 ✭✭✭✭✭
    dealers with alot of friends and networks I would assume. They all buy the limit and get them to em,....

    Not positive tho...........

    I buy a few things for a dealer,...it always works out for me image
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  • achillesaeroachillesaero Posts: 81
    Never new so many people are buying like that, I heard it was only a handfull of dealers who get the real deal up front.
    achillesaero
  • FLBuffaloHunterFLBuffaloHunter Posts: 3,127
    Bullion Purchaser Requirements
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • achillesaeroachillesaero Posts: 81
    I like the pig thing better.Thanks Mike.
    achillesaero
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,441 ✭✭✭✭✭
    Be an experienced and established market-maker in gold/platinum and/or silver bullion coins.

    Provide a liquid two-way market for the coins.

    Be audited annually by an internationally-accepted accounted firm.

    Have an established broad base of retail customer base in which to distribute the coins.

    Have a tangible net worth of $50 million for Gold and Platinum Eagles, and $5 million for Silver Eagles.

    This requirement may be met using letter of credit.

    Have sold over 100,000 ounces of gold bullion coins over any twelve-month period since 1990. (This criterion is for becoming a United States Mint Authorized Purchaser of gold bullion.)


    Who are the people ?
    image
    I know what they have to do, but I don't know who they are.
  • FLBuffaloHunterFLBuffaloHunter Posts: 3,127


    << <i>Be an experienced and established market-maker in gold/platinum and/or silver bullion coins.

    Provide a liquid two-way market for the coins.

    Be audited annually by an internationally-accepted accounted firm.

    Have an established broad base of retail customer base in which to distribute the coins.

    Have a tangible net worth of $50 million for Gold and Platinum Eagles, and $5 million for Silver Eagles.

    This requirement may be met using letter of credit.

    Have sold over 100,000 ounces of gold bullion coins over any twelve-month period since 1990. (This criterion is for becoming a United States Mint Authorized Purchaser of gold bullion.)


    Who are the people ?
    image
    I know what they have to do, but I don't know who they are. >>


    See my first post.
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • achillesaeroachillesaero Posts: 81
    Thats what I call power sellers ..................GEE WIZ!image
    achillesaero

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