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Will U.S. Banks ever sell....metals..??

GemineyeGemineye Posts: 5,374 ✭
in Precious Metals
Will U.S. Banks ever decide to stock and sell Gold and Silver..??...Is it at all possilble they can compete with Bullion dealers who operate independently...image
......Larry........image

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    CaptHenwayCaptHenway Posts: 31,563 ✭✭✭✭✭


    << <i>Will U.S. Banks ever decide to stock and sell Gold and Silver..??...Is it at all possilble they can compete with Bullion dealers who operate independently...image >>



    The First National Bank Of Chicago used to have a very active precious metals department. They got out of it in the middle 1980's after watching their inventory go down in value for years. The store I worked at was half a block away, and we got a lot of their customers.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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    OverdateOverdate Posts: 6,939 ✭✭✭✭✭
    Banks already sell coinage metals at their intrinsic value.

    They're called nickels! image

    My Adolph A. Weinman signature :)

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    highcheesehighcheese Posts: 29
    Leader Bank in MA has just started selling Gold Coins this week. I was wondering is this a sign of the end of the bull run as people are beginning to jump in, or is this just a confirmation of the legitimacy of PMs?
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    GemineyeGemineye Posts: 5,374 ✭
    I'd like to buy a bullion Silver Amer. Eagle or two at my bank from time to time...It would be so convenient to stock up on these..
    ......Larry........image
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