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FYI- Effective 12/9/16 Penn Metals will cease to operate

ShadyDaveShadyDave Posts: 2,199 ✭✭✭✭✭

https://www.pennmetals.com/

Figured I'd let the group know that a relatively big PM dealer is closing their doors after today. Too bad they didn't have some sort of business continuity plan in place...

Comments

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,293 ✭✭✭✭✭

    Sad to see another one go, due to health issues.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Too bad... they seemed to have a good business going.... no succession plan obviously. Cheers, RickO

  • johnny9434johnny9434 Posts: 28,334 ✭✭✭✭✭

    thats a bummer, im sorry to hear that.

  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    Might be having financial problems in a declining market. Most of what they recently bought is now worth less. If that's the case at least they gave some heads up to buyers - unlike Tulving.

    "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

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