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(October 6, 2008) At this time, worldwide mints and refiners have been overwhelmed with demand for physical gold bullion. Unhappily, we are having to suspend further sales of our standard bullion products until such time as new supplies become available.
Every Monday I touch base via phone with the various distributors which we rely on to supply gold bullion products to us. When business is rolling along as normal in my twenty-plus years in this trade, we start our week with talk of the market, logistics, and shipping schedules. We tell a joke or two, and generally gear up for another trading week.

Today, those talks were glum little conversations indeed. Basically, everything in the supply pipeline for the next week or two is material that we are using to fill orders already taken, and new supplies are just not available. And when nothing new is being offered, we have nothing to sell.

If we obtain any gold product through liquidations, or have uncommitted coins and bars arrive here which we can offer, we will place them on our “Specials” page at this time.

As for the rest of our normally extensive offerings of gold coins and bullion in the various sizes, we simply cannot makes sales commitments for product which may not be available in a timely fashion.

As always, we are strong buyers for any gold coins or bullion which you may be thinking of selling, and we invite you to consult our ‘buy’ pages for our higher offers for gold which you may be considering liquidating.

I would like to offer my apologies to all who were thinking about adding gold to their portfolio at this time. Unfortunately, there is only so much refining and coinage capacity in this world, and that capacity is now stretched to its limits just fulfilling the commitments of the past few weeks’ ‘gold rush.’

-Richard Smith

October 6, 2008

 

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In addition to gold, silver, platinum, and palladium in coin and bullion form, we also purchase a wide range of numismatic coins and currency for our retail business. Feel free to call us for quotes or price indications on anything in coins, bullion, and paper money.

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